|KKR FanDuel Investment||
We advised KKR as lead investor on the $275m Series E equity fundraising by Fanduel, a high profile fantasy sports company
This is arguably the most high profile transaction to have taken place in the Scottish market in 2015. KKR invested alongside the likes of Google Capital, Time Warner Investments, Turner Sports.
For more information please contact Mark Ellis, Partner.
We advised Standard Life plc on its acquisition of the Leeds-based financial advisor firm Pearson Jones plc from Skipton Building Society. This brought assets under advice of £1.1bn to the business and was a key deal as the lead acquisition on a major new strategy to build 1825, Standard Life’s new UK-wide financial advice business.
For more information contact Peter Lawson, Partner.
|Savannah Petroleum plc||
We advised AIM listed UK E&P company Savannah Petroleum plc on its US$36 million secondary placing to secure the funding necessary to enable it to acquire additional exploration acreage in Niger.
For more information contact Chris Gotts, Partner.
We advised Endless LLP on the sale of portfolio company Gradus to ICG backed parent of Gerflor, Midfloor SAS. The purchaser is based in France and is one of the global leaders in the manufacture of vinyl flooring.
The exit has generated an IRR of 65% for Endless’ investors in its third Fund raised in 2011. The sale is the third successful exit generating realized returns to date of 3x in total.
Headquartered in Macclesfield in the North West of England, Gradus was founded more than 50 years ago and has evolved from being a manufacturer and supplier of flooring accessories into a more broadly based commercial interior solutions provider offering solutions for floorcoverings, barrier matting, wall protection and lighting design in addition to a comprehensive range of stair edging and floor trim profiles.
For more information contact Grant Stevenson, Partner.
|Simmons & Company International||
NYSE listed Piper Jaffray Companies, a leading investment bank and asset management firm, acquired the entire issued share
Piper Jaffray Companies paid approximately US$139 million, consisting of US$91 million in cash and US$48 million in restricted stock. Piper Jaffray has committed an additional US$21 million in cash and stock for retention purposes.
For more information please contact Colin McKenzie, Partner.
|Pep & Co||
We have completed eight leases of properties in the Central Belt of Scotland, as part of new retail brand Pep & Co’s Phase 1 rollout of 50 stores across the UK (50 stores in 50 days). We liaised closely with Pep & Co’s management team and external advisors on their specific lease and reporting requirements.
For more information please contact Nick Naddell, Partner.