Deals Done
Centrax Industries Limited
Transaction: £50M refinancing of the Centrax group companies with Lloyds TSB Bank plc, comprising term loan, overdraft, revolving credit and bond facilities.
Business: Gas Turbine Power Generation and Turbine Component Manufacture
Centrax Advisers: Ashfords LLP
Lloyds Advisers: Bond Pearce LLP
Completed: February 2010
Lawyers: Simon Rous (Corporate), Rebecca Dury (Banking) and Frankie Smith (Property)
Eden Ventures (UK) Limited – Basekit Platform Limited
Transaction: Advising Eden Ventures on a further funding round in Basekit Platform Limited, a provider of Next Generation website design software.
Completed: February 2010
Lawyers: Andrew Betteridge, Rory Suggett
Petrofac Limited (The International Oil & Gas Facilities Service Provider)
Transaction: Purchase of shares of Scotvalve Services Limited for an initial cash sum of £3million with a further consideration of up to £2 million payable in cash and/or shares over three years subject to achieving certain agreed performance targets
Business: Servicing and repair of oilfield pressure control equipment
Petrofac Advisers: Ashfords LLP
Scotvalve Adviser: Maclay Murray & Spens LLP
Exchange/Completed: January 2010
Lawyers: Simon Rous (Corporate), Angus Bauer (Corporate Tax) and Jane Ireland (Corporate)
Stovax Group
Transaction: Reorganisation and demerger of the Stovax Group's ceramics and heating businesses.
Completed: January 2010
Lawyers: Andrew Betteridge, Simon Staples and Rory Suggett
Eden Ventures (UK) Limited – Ninian Solutions Limited (trading as Huddle.net)
Transaction: Advising Eden Ventures (UK) Limited in relation to a convertible loan agreement with Ninian Solutions Limited (trading as Huddle.net), an online provider of workspaces which enable the sharing of files.
Completed: January 2010
Lawyers: Andrew Betteridge
YFM Venture Finance Limited – Symetrica Limited
Transaction: Advising YFM on its investment in Symetrica Limited, a provider of radiation detection systems.
Completed: January 2010
Lawyers: Andrew Betteridge, Chris Dyson
Navetas Energy Management Limited - Intelligent Sustainable Energy Limited
Transaction: Advising Navetas Energy Management Limited, a provider of energy management services, on its merger with Intelligent Sustainable Energy Limited, a provider of electricity metering and monitoring devices.
Completed: January 2010
Lawyers: Andrew Betteridge, Chris Dyson
Eden Ventures (UK) Limited – We7 Limited
Transaction: Advising Eden Ventures on a further funding round in We7 Limited, a music streaming service.
Completed: January 2010
Lawyers: Andrew Betteridge, Chris Dyson, Rory Suggett
