Deals round-up: Aston advises on £200m US sale; Gateley & more
CORPORATE financier Lee Aston, founder of LHA Financial of Hale, has advised on the £200m sale of Nottingham-based financial services technology group TDX to listed US group Equifax.
Mr Aston, who used to work for Investec and Numis in London before setting up on his own after returning to his native North West, advised the shareholders of TDX on the deal.
He said: “This is a significant and exciting transaction to have been involved with.I was appointed as adviser due to my M&A experience, particularly in the financial and technology sectors and cross border and the fact that I was able to give real focus on working with the company and management.”
Founded in 2004, TDX provides businesses with technology, data and advisory solutions to improve debt liquidation.
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THE Manchester office of law firm, Gateley has advised on deal which saw household name Hoover buy Baumatic UK, a domestic appliance manufacturer out of administration.
Corporate Recovery partner, Andrew Buchanan led a Gateley cross discipline team which included Amy Lee, Aneesh Prasad, Rebecca Pedrick and Rebecca Mills from corporate recovery, Peter Budd and John Burns from commerce, technology and media, Tom Hughes from commercial dispute resolution and Chris Thompson from employment.
Mr Buchanan commented: “Hoover is a trusted brand with a 100 year heritage. This deal will not only consolidate the company’s position as a leading manufacturer of domestic appliances but will also further develop the Baumatic brand.
“The deal also reflects the wealth of expertise that Gateley has at its disposal.”
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TWO partners from Stockport law firm Gorvins advised the owners of AHC Manchester on the sale of the personal injury claims business to AIM-listed Quindell.
Corporate partner Paul Lupton worked with senior partner Mark Deverell in the £30m deal. Mr Deverell has advised the Salford Quays company for the last four years.
Andrew O’Dua, owner of ACH Group, said: “Gorvins, and in particular Mark, have become trusted advisers over the last few years of working with them. We’ve really valued the calibre of experience and knowledge they provide and have always been able to call upon them whenever needed.”
