Equity Ventures

"Turning Managers into Owners"

Equity Ventures is a venture capital and corporate finance firm. We will help you do a management buy-out, arrange venture capital and invest in you if we think you have a good idea or opportunity.

Is your company suitable for a management buyout?

Most management buyouts are from private family owned companies; subsidiaries of public group companies; and receivership. As long as the business has an operating profit (i.e. before interest and other financing costs) then there is a good chance a management buyout can be arranged.
 

How do you make the first approach or start the buyout process?

We can make an approach to the current owner if you are unsure about how to start the process.

Do you need a business plan?

Not at this stage - all you need now is the desire to do a management buyout. 
You can approach us with an idea for a transaction; an executive summary; or a full business plan if you already have one. We'll come back to you pretty quickly if we're interested. If we can't help you we will try and introduce you to someone who can. You will of course need a business plan later and we will tell you what you need to include in it and, perhaps more importantly, we will also tell you what you should not include in it.

If you would like to know more about venture capital and how to do a management buyout then please email Equity Ventures at venture2@equityventures.co.uk; or call in confidence on  0207 859 4106.

 

What is your company worth? 

Our company buyout valuation model is a spreadsheet tool which has been used to value businesses and structure many MBOs and takeovers. It shows the way to structure a buyout now with equity and debt; and how the future value will be shared between the management team and the venture capitalists. It has been used by many companies, venture capitalists and banks, including the Bank of England. Call or email us and we will show you how to use it. Or you can try it online - just ask us for a link to the web page.

 
Equity Ventures - locations.

We can cover most of the UK.

E-mail: Equity Ventures Limited

Equity Ventures Limited is authorised by the Financial Conduct Authority





Equity Ventures - The Directors

David M. Tallboys 
David Tallboys graduated from the LSE with a BSc Honours degree in Economics and International Relations. He also gained a Masters degree in Business Analysis at Lancaster University after which he worked with Price Waterhouse in London for two years before going to Bahrain with Ernst & Young. This was followed by two years in South America working mostly in Rio de Janeiro for BIAS, a Brazilian consultancy firm with whom he structured one of the first MBOs in Brazil.

Following a year as a customer services manager in the Granada Group, he joined Kleinwort Benson in London working with its corporate banking group involved in lending to management buy-outs. He joined Schroder Ventures where he was involved in structuring large buy-outs for both quoted and unquoted companies. Later he started working for Security Pacific Hoare Govett Equity Ventures and was involved in extensive re-negotiations and assessment of new deals on its behalf prior to Equity Ventures doing its own buy-out since when it has been independent with David Tallboys as an MD and joint shareholder   

Robert M. Lindemann 
Robert Lindemann is a US citizen who has lived in Europe most of his life and speaks fluent French as well as a number of other European languages. After graduating from Christ Church, Oxford with an Honours degree in Politics Philosophy and Economics, he worked for the First National Bank of Boston in London before attending INSEAD. He worked as a management consultant with Ernst & Young and subsequently as a private consultant advising industrial companies.

After spending two years with the Mergers and Acquisitions group of Security Pacific Bank he moved to Hoare Govett having worked on the acquisition by Security Pacific of a 30% stake in Hoare Govett, the first example of a foreign firm investing in a member of The Stock Exchange. He was Senior Vice President of Hoare Govett Incorporated, latterly with specific responsibility for Europe; and was instrumental in forming Security Pacific Hoare Govett Equity Ventures which he joined as a Director, and  was directly involved in all its investment activity before arranging the buy-out of Equity Ventures itself of which he is an MD and joint shareholder.

 

A sample of institutions that have worked with the Equity Ventures team:

Alchemy, Apax Partners, Bridgepoint Capital, CinVen, Barclays Capital,
Prudential Ventures, 3i, Saudi International, Charterhouse, Citicorp Venture Capital, Mercury, Hg, Permira, Schroder Ventures, Graphite, Phoenix Fund Managers, CWB Capital Partners, Hambro European Ventures, Causeway Capital, ECI Ventures, Brown Shipley, Lloyds Development Capital, Bankers Trust, Legal & General Ventures, Candover, Baring Capital Investors, Chase Manhattan, Elders Finance, National Westminster Bank, Montagu Private Equity, Deutsche Kleinwort, Electra, Intermediate Capital, Henderson, SifCorp, Mezzanine Management, Aberdeen Murray Johnstone, Doughty Hanson, HSBC Private Equity.
 
 

Equity Ventures Limited is authorised by the Financial Conduct Authority




Equity Ventures - track record

Deals where Equity Ventures directors have been investors

Clares Equipment (£29m management buyout, Lead investor) MBO from Guinness PLC.
Compass Group (£160m management buyout, Syndicate investor) Exited from by flotation at 41.5% IRR.
Associated Fresh Foods (£68m management buyout, Joint underwriter) Exit by sale at 41.8% IRR.
UNS Holdings (£27m management buyout, Syndicate investor) 270 retail news shops.
Venture Plant (£11m management buyout, Joint underwriter) Machinery and plant hire group.
RHP bearings (£72m management buy-in, Syndicate investor) Exited from by sale at an IRR of 131.1%.
York Trailer (£60m management buy-out, Syndicate investor) Manufacturer of trailers in UK and Italy.
Vickers Furniture (£40m management buy-out, Lead manager) Exited from by sale at 121.5% IRR.
Admiral Homes (£75m start-up, Syndicate investor) Builder of homes in south-east England.
SG Industries (£68m management buy-in, Syndicate investor) Specialist steel products in UK and USA.
London Clubs (£120m management buy-out, Joint underwriter) Gaming operations, exit by flotation.
VCI (£91m management buy-out, Joint underwriter) Exit by flotation.

Sheffield Forgemasters (£42m management buy-out, Lead Investor) Buy-out from British Steel.
Textilion (£5m management buy-in, Lead Investor) Exit by sale to Hollas Group.
Goldsmiths Group (£44m management buy-in, Lead investor) Exit by flotation.
Glass Glover GBP (£60m management buy-out, Lead investor) Exit by sale to Unigate.
Aynsley Group (£18m management buy-out, Syndicate bank) Buy-out from Waterford Wedgwood.

IRG Odgers Ray & Berndtson (£2m management buy-in, lead investor, exit at 32.5% IRR plus retained stake).

Goldcrest Homes (£1m expansion capital, exit at 25% IRR)

Baynflax (£2m management buy-in - a food machinery manufacturer - exit by receivership - our worst investment)

Zoggs (£250,000 expansion capital, investor) Distributor of fashion swimwear and goggles in the UK and overseas. 

 

Deals where Equity Ventures directors have been corporate finance advisers

Hargreaves - Management buyout
We arranged finance for this  £80m turnover UK company which is primarily involved in moving coal from ports to power stations and waste handling. The deal size was £20m and we helped management achieve an 80% shareholding. The company floated on AiM and has a market capitalisation of over £100m.

Aspect - Management buy-in
We successfully completed a management buy-in of two international language school businesses in the UK and USA by raising US$25m from Warburg Pincus who we selected having also generated competing offers from Advent, Alchemy, ECI, Graphite, and Mercury.

Cammell Laird
We worked with a management team and got £8m of venture capital for the buyout bid for Cammell Laird's ship repair yards.

Spink
We worked with a management team and got £7m of finance for the MBI bid for Spink's Coins, Medals and Stamps in a divestment from Christies.

Bohlin Instruments Group - MBO/MBI
Equity Ventures advised the management and secured venture capital and bank finance for the £1m  MBO/MBI of this scientific instruments group with operating companies in the UK, US, and Germany. Bohlin was formerly owned by Bowthorpe plc. We later helped the company and management team exit by sale to Malvern Instruments.

Go Plant - MBO
Equity Ventures arranged the deal, advised the management and secured £4m of finance for the management buyout of the leading UK road sweeping equipment hire company. Go Plant was formerly owned by AAH plc and by Tarmac plc. Exit by private sale at an IRR in excess of 30%.

Rank Hotels - MBI
Securing £75m offers of finance for the proposed MBI of what was then the hotel division of The Rank Organisation plc.

VCI plc
Assisted company in selecting sponsors for its £60m GBP flotation.

Exhibition Company - MBO/MBI
Assisted in the selection of a lead investor for this potential £30m UK/US transaction.

Lands End - MBO
Obtained offers of finance for the potential MBO of this well known leisure company.

Goldcrest Homes - Development Capital
Obtained offer of finance for this specialist house builder. We also made a venture capital trust (VCT) investment in the company.

Anagen plc
Advised company management on discussions with venture capitalists and preparation of the business plan for potential flotation sponsors of this bio-technology company.






Equity Ventures - How to raise venture capital
 
 

Questions:

How do you make the first approach?

What is the business worth?

How much should you pay?

What percentage of the company will you get?

How much money must you personally invest?

Answer:

Tell us about yourself, and about the industry, sales, and profits of the business you would like to buy and who owns it now.  We will tell you if we think there is a good chance of you getting a deal. If we think it is a really good opportunity we will arrange to meet with you as soon as possible.

Equity Ventures Limited

We can do deals throughout the UK - but call on 0207 859 4106 first for a brief chat on what we think about your opportunity and what to do next.

 

Equity Ventures is authorised and regulated by the Financial Conduct Authority.

Registered office: 11 Vittoria Walk, Cheltenham, GL50 1TL

E-mail: Equity Ventures Limited