Mergers & Acquisitions - Client Testimonals
Deloitte's M&A Advisory team supports a range of clients, from large corporates to owner managed businesses, in executing successful M&A transactions. This includes helping clients make acquisitions, preparing for exit, executing disposals and to raise external funding from a range of equity sources.
Lowe Rental Limited
March 2018: Deloitte has acted as lead corporate finance and debt advisers to the shareholders of Lowe Rental Limited on the c.£60 million investment by Perwyn in the business. The transaction represents one of the largest private equity deals to come out of Northern Ireland.
Commenting on the process Rodney Lowry, CEO, Lowe Rental Limited; “Many thanks to the Deloitte team for their full support throughout the process. The whole transaction was executed with precision and words are hard to find for the professionalism and expertise of the entire Deloitte team throughout. Huge credit to you all and we look forward to working with you again.”
December 2017: Deloitte’s M&A Team is pleased to announce it has acted as lead advisor to the shareholders of Rothco on the acquisition of the business by Accenture Plc.
Commenting on the process, Patrick Hickey, Rothco Chief Executive, “The team in Deloitte helped us to secure the partnership that we wanted with Accenture. The commitment to doing this was evident at every stage of the journey. The entire team delivered the highest standard of advice and support to Rothco throughout this process. It’s not easy to find world class talent who are all really good people. That’s what we found in Deloitte.”
Sovereign Capital Partners LLP
Deloitte Financial Advisory acted as the exclusive financial advisor to the shareholders of Sovereign Capital Partners LLP when backing the management buy-out of Arachas Corporate Brokers (“Arachas”), a leading insurance brokerage operating in Ireland.
Sovereign intend to work with the management team to further grow and develop the business through a strategy of Buy & Build. Deloitte had a full buyside lead advisory role, where it project managed the process end to end, including assistance in analysing normalised net debt / debt like items, working capital and analysing and agreeing the completion accounts mechanism and funds flow. The scope also included Debt Advisory work where the Deloitte Debt Advisory teams in Ireland and the UK identified and introduced debt funders and assisted in negotiating debt facilities required to part fund the investment.
Deloitte Contacts: Anya Cummins (M&A), John Gregson (UK DA) / John Doddy (DA)
Industry: Pharmaceutical Product Distribution
Deal Value: €32m
Scope of work: Deloitte Financial Advisory acted as the exclusive financial advisor to the shareholders of Medisource Limited. Deloitte had a full lead advisory role, where it prepared the transaction sales documents, identified and introduced the most likely potential purchasers, managed the due diligence and virtual data room, supported the drafting of the legal documentation (SPA) and the negotiations. The healthcare division of DCC Plc, acquired 100% of the share capital of Medisource Limited. DCC Healthcare is a leading healthcare business, selling a range of medical and pharmaceutical products to healthcare providers across all sectors of the healthcare market in the UK & Ireland from acute care through to community care and general practitioners.
“As a group of shareholders we appointed Deloitte Corporate Finance to sell our business. Having built the business up from small beginnings we naturally wanted to get the best result possible for the shareholders, the business and the staff. Deloitte worked with us very closely throughout the entire sale process, helping us to secure a very positive outcome for all stakeholders” - Medisource Limited
Hogan’s Turkeys Limited
Industry: Food & Beverage
Deal Value: Undisclosed
Deloitte Financial Advisory acted as the exclusive financial advisor to the shareholders of Tombolo Limited and its wholly owned subsidiary Faughan Foods Limited, a producer of cooked poultry based in Co. Meath. Deloitte had a full lead advisory role, where it identified and introduced the most likely potential purchaser, managed the due diligence and virtual data room, supported the drafting of the legal documentation (SPA) and deal negotiations. Family owned, Goldreed Holdings Unlimited Company, which is the owner of O’Brien Fine Foods and manufacturer of Brady Family Ham based in Co. Kildare, acquired 100% of the share capital of Tombolo Limited.
CF Contacts: Anya Cummins
“The Deloitte M&A team provided the professional advice we needed to secure our objective, guiding us through a complicated carve out of an important part of our business to set it up for sale. We were very happy with the way the process was handled from the initial stage right through to completion.” - Fintan Hogan: Hogan’s Turkeys