SPARK Advisory Partners

The #FCA has announced significant updates to the Listing Rules aimed at boosting the appeal of the UK equity capital markets and enhancing the UK's competitiveness as an #IPO venue. These changes come into effect from 29 July 2024. As one of only a limited number of FCA approved Sponsors, SPARK Advisory Partners is well positioned to explain and advise on what impact these rule changes will have on companies' growth ambitions and fundraising capabilities on the #LondonStockExchange https://lnkd.in/dwEB3t_h

On April 16th, we announced that SPARK Advisory Partners had advised Regent Gas Ltd on the recommended cash offer for TClarke for approximately £91m. We’re delighted to update that the transaction completed via a Scheme of Arrangement under the Takeover Code on June 25th. As an existing shareholder owning c.21.5 per cent. of TClarke shares, Regent has now taken control of the contractor through this £91m acquisition. Regent Gas, led by Deep Valecha, is a prominent British commercial gas supplier and provider of comprehensive natural gas connection and metering services. TClarke, established in 1889, is the UK’s leading engineering services company. The company serves as a first-choice contractor for building services. This M&A transaction follows SPARK’s advice to Morson on the sale to Onex and Unique X’s £64m private fundraise earlier this year. SPARK’s corporate finance & M&A team comprises over 125 years of transaction experience and has a track record of working with companies, providing unbiased, growth-focused advice to build great businesses. For further transaction details, or corporate finance advice for business growth, contact: Matt Davis: matt.davis@sparkapl.com James Keeshan: james.keeshan@sparkapl.com Adam Dawes: adam.dawes@sparkapl.com For information on SPARK visit our website: https://lnkd.in/e3rvKCTS #mergersandacquisitions #acquisition #takeover #corporatefinance #growth

SPARK Advisory Partners Limited has advised Regent Acquisitions Limited (Regent Gas Ltd) on its recommended £91 million takeover offer for TClarke. Regent Gas, led by Deep Valecha, is a prominent British commercial gas supplier and provider of comprehensive natural gas connection and metering services. TClarke, established in 1889, is the UK’s leading engineering services company. The company serves as a first-choice contractor for building services. SPARK enjoyed working with Deep and the Regent team to agree, structure and negotiate the deal, leveraging our experience in public takeover transactions. The offer for TClarke represents the third significant deal for SPARK’s M&A advisory team in as many months following the sale of Morson and Unique X’s £64 million fundraise. For further transaction details contact: Matt Davis: matt.davis@sparkapl.com James Keeshan: james.keeshan@sparkapl.com Adam Dawes: adam.dawes@sparkapl.com For information on SPARK visit our website: https://lnkd.in/e3rvKCTS #mergersandacquisitions #Takeover #CorporateFinance #Growth

Regent Gas Ltd, supplier of gas and metering services to industrial and commercial customers, agreed to acquire TClarke, an engineering services company, for £91m ($113m). “TClarke is a business we have long admired since we started to invest in 2018. It is well run, has a strong culture helped by a commitment to a well-established apprentice scheme which offers career progression and a high degree of staff loyalty. Given our admiration for TClarke, as part of our plans, we would like TClarke to continue its business in the manner in which it has been conducted. We will support the management team in their ambitions to strengthen the balance sheet, and continue to grow the business," Deep Valecha, Regent CEO. Regent Gas (led by Deep Valecha) is advised by SPARK Advisory Partners Limited (led by Matt Davis). TClarke (led by Mark Lawrence) is advised by RMS Partners Limited (led by Simon Courtenay). #mergersacquisitionsdivestitures #engineeringservices

SPARK Advisory Partners Limited is pleased to be appointed as Nominated Adviser to Cavendish. In March 2023, SPARK’s public M&A team acted as financial adviser to Cenkos on its merger with Finncap, from which the renamed enlarged Cavendish was formed in September that year. It is particularly pleasing that SPARK’s financial advisory services have led directly to this NOMAD appointment, evidencing the synergistic nature of our services as an investment banking boutique for growth companies. We look forward to working with the Cavendish board. For further information contact: Matt Davis: matt.davis@sparkapl.com Adam Dawes: adam.dawes@sparkapl.com For information on SPARK visit our website: https://lnkd.in/e3rvKCTS #InvestmentBank #Growth #Entrepreneur #Advisory #AIM

SPARK Advisory Partners Limited has advised Unique X, the leader in international cinema software and content delivery, on an investment of up to $80m by Kartesia. After an extensive process involving many interested parties, SPARK has successfully negotiated a transaction which not only provides substantial growth capital for the business, but also delivers a significant realisation for existing investors. Unique X is a market-leading brand within digital cinema, delivering mission-critical software to cinemas in 90 countries across the globe, along with intelligent autonomous cost-saving solutions and fully managed content services. Every year Unique X delivers over 200,000 movies and over 1.1 billion cinema advertising spots worldwide. Unique X founder, Chris Hagan, retains an 85% ownership of the business. Under his strategic vision and supported by a highly experienced Executive board, which includes Luca Forlin (Head of Strategy and Operations for YouTube EMEA), Unique X is expected to triple in size in the next 3 to 5 years. This will be achieved both by the expansion of its delivery network worldwide and the ongoing servicing and growth of its SAAS product portfolio of customers. Kartesia is a pan-European, privately-owned specialist provider of financing solutions, focused on offering customised resources across the capital structure to leading mid-market companies from a wide range of industries. Kartesia manages over €6bn in assets and has offices in Amsterdam, Brussels, London, Luxembourg, Madrid, Milan, Munich and Paris. For further transaction details contact: Matt Davis: matt.davis@sparkapl.com Ross Cooper: ross.cooper@sparkapl.com For information on SPARK visit our website: https://lnkd.in/e3rvKCTS #CorporateFinance #PrivateCredit #Media #Software #Cinema

SPARK Advisory Partners Limited has advised Morson Talent, a leading global engineering, technical staffing, and workforce solutions business, on the majority equity investment by Onex for an undisclosed amount. Morson Group stands as the third largest engineering and technical staffing business globally, providing comprehensive talent solutions through a variety of delivery models across contingent workforce, design consultancy, and permanent staffing. Headquartered in Manchester, Morson’s operations comprise 1500+ employees, spanning 60 locations, generating annual revenues in excess of £1.3 billion. Onex Corporation is a listed Canadian institutional investor and asset manager formed in 1984, with major capabilities in private equity and credit. Onex has $50 billion in assets under management and offices in Toronto, New York, New Jersey, Boston, and London. Onex’s investment came directly from fund five in their flagship series ‘Onex Partners V’, and was made alongside Morson’s CEO and members of the management team. For further transaction details contact: Matt Davis: matt.davis@sparkapl.com Ross Cooper: ross.cooper@sparkapl.com For information on SPARK visit our website: https://lnkd.in/e3rvKCTS #CorporateFinance #Staffing #PrivateEquity #mergersandacquisitions