Finance Monthly Magazine January 2018 Edition

Transaction Reports 68 www.finance-monthly.com Please introduce yourself, your role and your firm. I have specialised in corporate finance since 1998; advising businesses on management buy-outs/management buy-ins, disposals, fundraising and mergers and acquisitions. Hazlewoods is one of the UK’s Top 30 independent Chartered Accountants and Business Advisers, and is renowned for real specialism in our chosen fields. With over 300 staff in two offices across Gloucestershire, we are proud to be a very strong regional practice with a national and international reach. Our Corporate Finance team work with businesses across many industry sectors and are always ready to talk through proposals of any size. In the 12 months to 31 December 2017, the team advised on 159 completed transactions valued at £843 million, as compared to 119 completed deals valued at £512 million in 2016. Almost every transaction has a significant tax effect and our Tax team has considerable expertise in all areas of taxation. We are delighted to have won the 2017 Best Tax Practice in a Regional Firm in the Tolley’s Taxation Awards, an award we were finalists for in 2015 and 2016. The team are also proud winners of the British Accountancy Awards 2017 Top Tax Team of the Year. Can you tell us a bit more about Hazlewoods involvement in the transaction? Hazlewoods led and negotiated the sale to Belgium based international, H.F. Holdings SA, trading as Gantrex group, an Argos Soditic portfolio company, for an undisclosed sum. Hazlewoods was the sole corporate finance advisor on the transaction, advising on all aspects of the transaction from preparation to negotiation and transaction execution. Charles Russell Speechlys LLP, led by partner Richard Norton, acted as legal adviser. What was your specific role? Hazlewoods role on this transaction was all encompassing; total deal management. From initial discussions with potentially interested parties, to negotiating the key terms of the sale. We supported management through the due diligence process, collating the relevant information and assisting with queries. We also worked closely with the legal advisers to ensure our clients’ interests were protected. What prompted the sale? George Molyneux, who had been the key Director Shareholder for many years, sadly passed away in 2010. Since then the business had been operated by management with George’s shares being held in trust. The trustees decided the time was right to dispose of the business and realise the investment. What were the key challenges of bringing the transaction to completion? The key challenges mainly comprised negotiation and transaction execution, guiding the trustees through a multi-layered approval process, with the added complexity of an overseas buyer operating in four continents, backed by a private equity group headquartered in Brussels. We also had to coordinate the various advisors to address a number of due diligence queries, ensuring that the final deal achieved the shareholders’ objectives. PAUL FUSSELL Par tner, Hazlewoods LLP TRANSACTION REPORT Sale of Gantrail International Hazlewoods Corporate Finance team, led by Paul Fussell have recently advised the shareholders on the sale of Gantrail International. Based in Gloucester, Gantrail specialises in the production of crane rail in steelworks, with worldwide recognition for high quality systems design and installation of crane rails in all industrial and commercial applications. The company has been instrumental in many large projects, from installation of crane rails at Port Botany, Australia’s second largest container port, to the Wimbledon Centre Court roof. Hazlewoods led and negotiated the sale to Belgium based international, H.F. Holdings SA, trading as Gantrex group, an Argos Soditic portfolio company, for an undisclosed sum. Hazlewoods acted as lead adviser. Charles Russell Speechlys LLP acted as legal adviser. Acted as lead adviser for the sale of Legal adviser:

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