Tim Cottier has been appointed to the board as a Non executive director of Plutus PowerGen plc ( PPG ) which is listed on the AIM market in London. This is a power company focused on the development , construction and operation of flexible stand-by electricity generation in the UK.
Kinloch have arranged the funding of a residential development scheme in the Home counties for their client Woolbrook Properties . The scheme consists of 35 new build houses and 46 apartments within a Victorian factory complex utilising the wealth of ornate features in an old printworks .
Kinloch advised on the sale of Queen Street Holdings which has been sold to a consortium of investors for £6.45m . Queen Street Holdings owned and operated a number of pubs and bars in the South West .
City Breweries has entered into an arrangement with a number of overseas investors for initial funding of £5m to acquire several profitable craft breweries in the South East.
Kinloch have arranged development funding of £12.6m for clients in the Midlands to purchase an industrial estate and to enhance its value with new tenants following refurbishment. The funder is a European Bank who have provided a term loan of £8.65m for 5 years and development funding of £3.95m at competitive interest rates.
Sigma Technologies Ltd , the Yorkshire based niche engineering company , was sold on 14 November 2014 to Altech Precision Ltd . Kinloch were retained by the owners of Sigma in early August 2014 to find a suitable buyer and advise on the sale. Kinloch M&A team researched the market , prepared and marketed the Information memorandum and introduced the buyer to Sigma. Kinloch advised on the sale process through to completion. The transaction was completed in November for an undisclosed sum.
Kinloch have arranged a £17m facility for their client Harlow Real Estate to purchase and develop a 5 acre site in Essex . The site will be developed as a Joint Venture with several Far East investors. Planning has been obtained for 16 executive houses along with leisure facilities.
Kinloch arranged funding of £2.25m for their client Maddern Developments to purchase a site in the Cotswolds with outline planning for 3 luxury houses and fund the build costs over an 18 month period. Work on site is scheduled for early September. The site was bought at auction after keen bidding from several larger developers. Kinloch had previously arranged funding in 2011 for Mr Maddern on a scheme of 15 mid range houses in Gloucester which was completed and fully sold in 2012.
Over the past 6 months Kinloch has completed a number of significant fundunding deals and sales of businesses :*Term finance of £3m for the purchase of industrial units in the Midlands.*Refinance of hotel / Spa complex in the North East. Arranged Senior debt of £5.7m and introduced a £2.5m equity investment.*Arranged Development funding of £7.85m for a new build hotel scheme in the North West for a long standing hotel group client.*Introduced Private Equity investor who provided £7.6m into a fast growing wholesale drinks company. Kinloch had previously advised on the MBO deal in 2010 when the business was bought from a PLC.*Purchase of offices for a professional firm in Middlesborough who could not secure a term loan from their local bank to buy the freehold offices that they previously leased. Arranged a term loan of £300k on competetive terms.*Refinance of investment property portfolio in Bristol. Funding of £19.5m raised from a UK lender to reploace several Irish based funders where fixed rate deals were expiring in 2013.*Sale of 3 pharmacies in Newcastle for £2.3m to Saxton Healthcare Group as part of their expansion into the North.
Kinloch has continued to be proactive in completing funding deals in the quarter to September 2012. Major deals completed were : (1) . Term finance of £3m for purchase of industrial units for a manufacturing company based in the Midlands. (2). Refinance of hotel / spa complex in the North East , Senior debt of £5.7m and introduction of £2.5m equity from private investors. (3). Development funding of £7.85m for a new build hotel scheme on Merseyside for a long standing hotel group client. (4). Refinance of offices in North Yorkshire for professional services firm to buy out a retiring partner and provide long term facility secured against the commercial property.Debt arranged £750k.