 |
|
||
|
Deals |
23 |
||
|
|
|||
|
DEAL ANNOUNCEMENT |
|||
|
Dow Schofield Watts LLP has advised on the disposal of Jade Communications to a management buyout team backed by MSIF. |
|||
|
No. |
DATE COMPLETED | PRICE PAID | HOW SATISFIED |
|
23 |
31 March 2005 |
£ 4.0 million |
Cash |
|
DESCRIPTION OF THE BUSINESS AND THE DEAL |
|||
|
Jade Communications specialises in the provision of end-to-end network solutions operating within the areas of wireless and hand-held solutions, LAN, deployment services and structured cabling. The company employs 100 staff and operates across a wide range of industries including education, finance, government, healthcare, hospitality, logistics and retail. A fast-growing, high profile customer base includes names such as Debenhams, Gist, Homebase, HSBC, Manchester Metropolitan University, Marks and Spencer, McDonalds and Tesco. The £4m funding package was led by MSIF and includes backing from the Royal Bank of Scotland, Eurosales Finance and the Managing Director of Jade, Mark Brackley. |
|||
|
ADVISORS |
ROLE |
||
| Dow Schofield Watts LLP | Vendor – Financial Advisor | ||
| Neil Myerson | Vendor - Legal Advisor | ||
| DLA Piper Rudnick Gray Cary | Purchaser– Legal Advisor | ||
| Cole Associates Corporate Finance | Purchaser – Financial Advisor | ||
| nexus solicitors | Purchaser – Legal Advisor | ||
| Langtons | Investor – Financial Due Diligence | ||
| Brabners Chaffe Street | Investor – Legal Advisor | ||
| Hammonds | Bank – Legal Advisor | ||
| The Quinn Partnership | Investor – Management Due Diligence | ||
| Ignetica | Investor – Relocation Due Diligence | ||
