Browne Jacobson has completed back-to-back investment deals for Apiary Capital after the firm’s private equity team successfully advised the recently established mid-market private equity house on its majority stake in London based G3 Comms.
Browne Jacobson has completed back-to-back investment deals for Apiary Capital after the firm’s private equity team successfully advised the recently established mid-market private equity house on its majority stake in London based G3 Comms.
The deal will also see Apiary provide on-going investments to support the company’s long term organic and acquisitive growth strategy.
It is the third deal the team at Browne Jacobson has advised Apiary Capital on in the last 12 months. Last year it advised on the acquisition of The Appointment Group and in March this year acted on the management buy-out of Bertram Nursery Group.
Established in 2002, G3 Comms is an award winning B2B provider of end-to-end unified telecommunications solutions, systems integration, cloud and voice services. It aims to help medium-sized multi-site UK enterprises with global operations meet their business needs. Clients include Volkswagen, Thomas Cook, Crossrail and Westpac.
Apiary Capital is a lower mid-market private equity house that invests in the education, healthcare, business and technology sectors. Apiary closed its first fund at £200 million in 2018.
Nicki Boyd, partner at Apiary Capital, said:
“G3 Comms has built a platform that is now extremely well-placed to exploit the increasing corporate demand for service providers that can manage the complexity of diverse communications systems. With strong consultancy skills and a comprehensive suite of technical services, G3 Comms is ideally positioned for growth. We are delighted to be backing James and the G3 Comms team.
“This is the third deal from our maiden Fund that Browne Jacobson has supported us on. It says all you need to know about how much we trust them to deliver to our exacting standards. Once again the service we received has been first class.”
The Browne Jacobson team was led by corporate finance partner Mark Hughes, with a cross firm team that also included Gareth Davies, Victoria Tomlinson (nee Gaskell), Sandra Wong and Lucinda Chaplin (corporate), Jonathan Edwards, Melanie Chisnall and Sarah Hamilton (banking) and Andrew Noble and Beth Dowson (tax).
Mark Hughes, added:
“We have significant experience in mid-market private equity work and are delighted to have completed a hat-trick of deals for Apiary Capital.
“G3 Comms has established an enviable platform for growth and Apiary’s investment and in house expertise will ensure the business is best placed to build on its success.
“We wish Apiary all the best with G3 Comms and look forward to seeing the business achieve its ambitious growth plans.”
Browne Jacobson’s award winning corporate finance team has recently been ranked by Experian as a top 20 UK corporate team, based on the volume of transactions.
Below are some of the questions we are regularly asked by startups, covering a range of topic areas.
In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.
The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.
There are clearly challenging macro-economic factors at play but at Browne Jacobson we continue to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Browne Jacobson continues to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Browne Jacobson’s banking & finance lawyers have advised HSBC UK Bank plc on the financed management buy-out of Derby-based bicycle supplier and distributor, Moore Large for an undisclosed sum.
Browne Jacobson has broadened its national construction and engineering offering with the appointment of construction partner Zoe Stollard into its Birmingham office.
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion.
Browne Jacobson has appointed Graham Ball as the new head of its banking and finance team in Manchester following a period of sustained growth for the firm’s national banking practice.
The past 12 months have been busy for the Corporate Tech Team, despite the ongoing Covid-19 pandemic.
What a difference a year makes! See our transaction updates and our confident output in the Banking and Finance team.
We explain the UK Community Renewal Fund priorities, submission and assessment of proposals and points to note for authorities.
During what has been a difficult few months, it has been encouraging to see the energy and activity amongst funders as they support businesses. We have been absolutely delighted to assist our clients during this difficult time.
Q&A guide to the Future Fund scheme for supporting earlier stage businesses during the Covid-19 crisis.
How will the current extraordinary events impact the transactional market? The COVID-19 crisis has certainly created enormous challenges for the deal market.
For many corporates, cash flow has been the most difficult issue to manage in the wake of the Government restrictions around Covid-19.
COVID-19 is currently having an unprecedented impact on the global economy. The legal framework in place for lawfully declaring dividends has not been relaxed in light of the COVID-19 pandemic, so companies must take care to follow all of the usual rules when seeking to declare a dividend.
The latest set of UK government financial bailout measures were announced on Monday, 20 April by HM Treasury and the Department for Business, Energy and Industrial Strategy, target Innovate UK’s R&D intensive small and medium-sized enterprises (SMEs).
We’ve already discussed various practical implications that COVID-19 is having on M&A transactions, but if transactions are continuing to go ahead, what are some of the legal considerations to bear in mind in the current climate?
New measures have been announced today by HM Treasury and the Department for Business, Energy and Industrial Strategy, with the aim of supporting the UK’s community of next-generation technology businesses.
The effect of Covid 19 will likely impact a significant number of borrowers and lenders alike causing them to review their underlying finance arrangements to assess rights, protections and vulnerabilities.
Browne Jacobson’s Manchester based corporate team has advised Liverpool-based video feedback platform LivingLens on its $26million sale to NYSE-listed buyer, Medallia.
Good news for personal insolvency practitioners, the High Court appears to have closed the door to claims by bankrupts seeking to recover pension contributions made via Income Payments Agreements.
In September 2019 Lloyd’s of London “… announced … actions designed to make [its] market a place where everyone can feel safe, valued and respected …” Read about the findings here.
National law firm Browne Jacobson has acted as legal advisers to Clydesdale Bank Plc on the management buy-out (MBO) of Wigan based company PE Systems.
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.
Browne Jacobson’s Manchester office has seen the value of deals which its corporate, banking and real estate teams have advised on exceed an aggregate of £500m in the first half of its financial year, a major milestone for the firm which has grown its transactions offering considerably over the same period.
On 31 October 2019, the UK could leave the EU without a signed withdrawal agreement. Read here for key points your business should consider.
Browne Jacobson has advised BGF and the shareholders of long-standing client TCL Group on the sale of the TCL business to idverde Group.
This article addresses the regulatory issues around Lloyd’s’ evidence of inappropriate personal behaviour (sexual discrimination / harassment, and alcohol / substance abuse).
Bringing together the great and the good of the insurtech world, we take a look back to earlier this summer when Insurtech UK invited their approved legal partners Browne Jacobson LLP, Locke Lord UK LLP and Capital Law to present as part of the Best Practice Series.
Where a start-up or SME company is looking for external investment, and one or more individuals are looking for investment opportunities which can provide significant tax advantages, it is well worth considering the Enterprise Investment Scheme (“EIS”) or the Seed Enterprise Investment Scheme (“SEIS”).
Share options granted under the Enterprise Management Incentive Scheme (usually referred to as EMI options) are a popular choice for SME and start-up companies who want to reward and incentivise employees in alternative ways to simply paying them more amounts of cash.
Last month we reported that the House of Lords and House of Commons Joint Committee report on the draft Registration of Overseas Entities Bill had been published.
