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FSI’s corporate department represents businesses of all sizes ranging from SMEs to large institutions. Clients include UK and overseas quoted and private companies from a wide range of sectors including financial services, retail and leisure and natural resources. The department is recognised for its M&A, AIM, IPO and advisory work and for its MBO expertise. We also have a cross-departmental team advising on investment structures.  

 

Look closer

Sara Wax has been advising NASDAQ-listed Global Traffic Network, Inc. (GNET) on its acquisition of a radio advertising business, The Unique Broadcasting Company Limited, from AIM-quoted UBC Media Group plc. Click here for more information.


OUR SERVICE:

 Clients choose FSI's corporate team because:

  • we have 9 partners with broad expertise in M&A, AIM, corporate finance, banking and tax
  • of our track record in multiple sectors, particularly the leisure, gaming, property, insurance and natural resources markets
  • you will always have experienced partners driving your deals
  • our clients stay with us, many have instructed us for more than 15 years

RECENT EXPERIENCE ADVISING:

  • the owners and managers of XLN Telecom Limited, one of Britain’s fastest growing alternative Telecom Service Providers focusing on the Small Business sector, on their sale, by way of an MBO and backing from Zeus Private Equity. This highly successful business offers the lowest phone rates in the UK to small businesses and has been a National Business Awards Finalist for three consecutive years: 2004, 2005 and 2006. In 2007, XLN Telecom was ranked 29th on the Sunday Times Tech Track 100 survey of the 100 fastest growing technology companies in the UK
  • AIM listed York Pharma on the conditional acquisition of Derms Development Limited a specialise dermatology business for £17.5 million.  In conjunction, the team advised York Pharma on its £5.35 million fundraising by secondary placing
  • Tragus on their agreement to operate their existing restaurant brands within Center Parcs holiday village
  • nomad and broker Daniel Stewart & Company Plc in connection with secondary placing of new ordinary shares for AT Communications Group Plc
  • shareholders of Blues Clothing on the management buy-out of the company
  • AIM listed client, ADDleisure, on the £3 million investment by BUPA, equivalent to a 29.9% share in the company and on BUPA's conditional agreement to make a further equity investment of £3.7 million to acquire a 50% equity stake in ADD Wellness Holdings Limited
  • AIM listed client, Jelf Group Plc, on its acquisition of SPS Wellbeing Ltd for up to £10 million, a market leading specialist healthcare and group risk intermediary, and on a £20 million financing with The Royal Bank of Scotland Plc
  • Daniel Stewart & Company Plc, a nomad and broker, on the placing and admission of STM Group Plc to trading on AIM, raising gross funds of £7.5 million with a market capitalisation of £17.6 million
  • AIM listed client, York Pharma Plc, on the acquisition of Rosanto Pharmaceuticals Limited for £2.5 million together with a £5.25 million placing of new shares. York Pharma acquires, develops and markets products in the dermatological field.
  • Conran Holdings and Blackstone Real Estate, co-owners of the Great Eastern Hotel, on the sale of the hotel to Global Hyatt Corporation and JER Partners
  • our portfolio of 20 AIM listed clients on their acquisition and fundraisings
  • our nominated adviser and broker clients on AIM admissions and secondary placings
  • Ashcroft Estates and their partners on the corporate structure for a joint venture which will enable the redevelopment of Barnsley market
  • Retirement Villages on the corporate aspects of their recent acquisitions
  • The management team of Conran Restaurants on their MBO
  • Jelf Group Plc on its circa £40m equity fundraising and the acquisition of the Manson Group for £18.5m and the acquisition of Clarke Roxburgh Group for £27m
  • Sport Media Group Plc on its £50 million acquisition of Sport Newspapers Limited from David Sullivan, David Gold and Ralph Gold together with a £43.7 million placing
  • Aim listed Mirada Plc on the acquisition of Fresh Interactive Technologies S.A., a placing raising funds of £8.4 million, a debt capitalisation of £5.2 million and the admission of the ordinary shares to trading on AIM with a market capitalisation of £21.7 million
  • D&D London (formerly Conran Restaurants) on their acquisition of the Image group of London restaurants.  The deal added The Avenue, Launceston Place and Kensington Place restaurants to D&D's stable and was the first major deal carried out by D&D since FSI advised the D&D team on their MBO in 2006
  • Essential Lighting Group, the UK's premier event lighting organisation and a leader in the European live events market, to Australian publicly listed Staging Connections Group Plc, an international event service business based in more than 100 worldwide locations
  • Daniel Stewart & Company Plc on the acquisition by AIM listed Ekay Plc of WFCA Integrated Limited, a placing and the readmission of Ekay Plc to trading on AIM
  • JMFinn Capital Markets Limited on the admission of Minoan Group Plc, the leisure resort development company, to AIM with a market capitalisation of £45 million
  • the founder of the UK's leading supplier of licensed character clothing, Blues Clothing on a management buy-out of the majority interest backed by Penta Capital and Allied Irish Bank.  Blues supplies clothing using characters including Disney, Spiderman, Bratz and Power Rangers
  • AIM listed ADDleisure Plc on a £6.7 million equity investment by BUPA
  • Asgard (a fund managed by AXA Real Estate Managers Limited) and CareCapital Group Plc on their £7.5 million placings and admission to AIM with a maket capitalisation of £23 million

 

quotation From what I've observed,  FSI and Sara Wax in particular, have been extremely impressive.  The whole team were excellent and provided a first class service.
Dr. Alan Segal, Chief Executive Office of Astek Group Plc

OUR CLIENTS SAY...

quotation The successful acquisition of this recycling site was key to the further development of our metal recycling business. FSI played a critical role in this deal and stepped in at very short notice. The smooth coordination between the property, planning and corporate experts and their deal making attitude was invaluable
Shaun Elliot, Owner, Aylesford Metal Company Limited

quotation We've been with FSI since our flotation three years ago and have also sought their advice on various acquisitions. Nilam led the team involved in the acquisition of Rosanto Pharmaceuticals and I couldn't fault them. They kept the deal moving and driving it on. The team were spot on and it was a very happy and successful transaction.
Ian Harvey, Finance Director, York Pharma Plc

quotation FSI once again demonstrated a great understanding of our business requirements and delivered a first class service to enable us to close this very important deal for the Tragus Group
Graham Turner, CEO of Tragus

quotation Paul Glassberg led an outstanding FSI team. The cross-discipline advice we received was of the highest quality and we couldn’t have asked for better client service
CEO of XLN Telecom and Ernst & Young 2006 London Technology and Communication Entrepreneur of the Year, Christian Nellemann

THE DIRECTORIES SAY...

quotation Clients enthuse about an “extremely attentive” firm that “does a great job of moulding its staff and resources around its clients’ requirements.”
Chambers & Partners' 2008, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation FSI are “small, strong and intellectually astute”.
Chambers & Partners' 2009, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation FSI successfully ploughs a furrow in AIM-related transactions, and although this market has suffered more than any other in recent months, the firm continues to find work in the sector.
Chambers & Partners' 2009, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation Ashley Reeback is described as “extremely proactive and a good choice for mid-market deals”.
Chambers & Partners' 2009, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation

This group has strong cross-corporate finance capabilities, as much of its work in the area is complemented by the lawyers' expertise in AIM capital markets activities.

Chambers & Partners' 2010, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation This firm is on an upwards trajectory claimed clients, who appreciated its “considered advice - you feel this firm is working for you, rather than just thinking about its fee".
Chambers 2007, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation Ashley Reeback heads the AIM team and makes his clients “feel safe when under the spotlight .”  His team cleared over 20 AIM related transactions in the last year for such clients as YooMedia and Top Ten Holdings. The remainder of the team’s workflow is made up by general corporate advice to the firm’s vibrant entrepreneurial, insurance and financial institution clients.
Chambers 2007, A Client's Guide to the Legal Profession

THE DIRECTORIES SAY...

quotation Led by Paul Millett, Finers Stephens Innocent LLP, was instructed on over 15 deals in 2005 worth £350m. Major hires Graham Reid from McClure Naismith, and Paul Glassberg from Lewis Silkin LLP, strengthened the team at a senior level. Highlight deals include advising BETonSPORTS on the $32m acquisition of Easybets. Brian Slater is also recommended.
Legal 500 2006

THE DIRECTORIES SAY...

quotation

FSI acts for a number of brokers and Nomads, including Daniel Stewart.  Ashley Reeback is recommended.

Legal 500 Clients’ Guide to the UK Legal Profession 2009

THE DIRECTORIES SAY...

quotation

FSI completed around 20 deals with values up to £30m in 2008.  Sara Wax’s advice to NASDAQ-listed Global Traffic Group on its long-running £14.5m acquisition of a radio business was a high-profile highlight.

Legal 500 Clients’ Guide to the UK Legal Profession 2009

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