nebusiness.co.uk - Tag - annual deals survey

North East deal activity bucks the trend in 2011

nebusiness.co.uk — Tue, 24 Jan 2012 00:59:00 GMT

FOLLOWING the post financial crisis lull in 2009, North East deal activity remained weak throughout 2010. Despite some trepidation following the new coalition government's VAT increase and 2011 being the first year of tightening public budgets, local deal activity increased during the first half of 2011 and the momentum was maintained throughout the year as private equity buyers as well as strategic buyers returned to the market.

Three disposals in three months

nebusiness.co.uk — Tue, 24 Jan 2012 00:58:00 GMT

FOLLOWING PwC's appointment as primary financial adviser on Pfizer's global site divestment programme in 2010, the Newcastle corporate finance team has now completed the disposal of three sites as part of this global mandate.

New private equity partner for Aesica Pharmaceuticals

nebusiness.co.uk — Tue, 24 Jan 2012 00:57:00 GMT

AESICA Pharmaceuticals Limited (Aesica) is a pharmaceutical contract manufacturing organisation (CMO) headquartered in Newcastle. The company was initially founded in 2004 following the LDC-backed management buyout (MBO) of BASF’s production facility in Cramlington, Northumberland. The MBO was led by the current chief executive, Dr Robert Hardy.

Successful IBO completed in two months

nebusiness.co.uk — Tue, 24 Jan 2012 00:55:00 GMT

GEMS International NV (GEMS) is a world leader in the provision of geotechnical, geophysical, survey and metocean services to the global oil and gas, telecommunications, renewable energy, port and harbour and dredging industries. Although the company is registered in Belgium the majority of its operations are based in South West England with overseas operations in Nigeria, Egypt, Qatar, Abu Dhabi and Kazakhstan.

Fast growing Tekmar secures new investment

nebusiness.co.uk — Tue, 24 Jan 2012 00:50:00 GMT

TEKMAR ENERGY LIMITED (Tekmar) is a designer and manufacturer of subsea cable protections systems for the offshore wind energy sector. The Newton Aycliffe-based company was founded in 2007 and has quickly established itself as the market leader providing a unique and innovative system for the protection of subsea inter-array and export cables.

Efficiency drive for the NHS

nebusiness.co.uk — Tue, 24 Jan 2012 00:29:00 GMT

OUR transaction services team has provided support to a number of NHS trusts in relation to the Transforming Community Services (TCS) agenda.

AIM companies are surprisingly confident

nebusiness.co.uk — Tue, 24 Jan 2012 00:27:00 GMT

LAST year was a significant year for North East PLCs. Over the 12 months we lost five listed companies; Eaga, Wellstream, Northumbrian Water, Southern Cross and Romag.

Spoiling the party: tax and deal costs

nebusiness.co.uk — Tue, 24 Jan 2012 00:22:00 GMT

WHICH hits the floor first after a big deal – the Champagne cork or the advisers’ invoices? Whichever it is, one thing for sure is that the first questions asked of tax advisers shortly afterwards are “can we reclaim the VAT?” and “how much can we treat as tax deductible?”. These are important questions because for every £100,000 of gross professional fees, around £40,000 of VAT and tax relief is at stake.

Lead role in the sale of TMD Friction

nebusiness.co.uk — Tue, 24 Jan 2012 00:20:00 GMT

THE transaction services team in Newcastle provided financial, operational and tax due diligence support to the London-based private equity firm Pamplona Capital Management on its sale of TMD Friction to Japanese company Nisshinbo Holdings Inc.

To lock or not to lock?

nebusiness.co.uk — Tue, 24 Jan 2012 00:10:00 GMT

THIS is a question which should arise on any disposal process. The choice of pricing mechanism included in a sale and purchase agreement (SPA) can have a real impact on the monies received for a business.