Fandango Holdings plc ( FHP ) listed on the LSE in July after completing a share placing through brokers Turner Pope in London. Tim Cottier is a Founder Director / shareholder of Fandango and will be involved with acquisitions and the ongoing management of the plc.
Fandango’s primary objective is to invest in businesses in the industrial , energy and service sectors including alternative energies , waste to energy , emerging technologies and advanced technologies . The target range for acquisitions is value from £1m to £20m.
The shares in Fandango opened on the first day of dealing at a 25% premium over the issue price.
Kinloch Real Estate have arranged a Senior debt facility for a £10.6m GDV development in Kent.
Kinloch arranged the facility of £6.85m to run for 18 months for an experienced developer who has worked with Kinloch for several years . The facility represents 65% GDV . The scheme comprises 12 apartments , 6x 3 bed terraced properties , a 5 bed detached house and 2x 4 bed semi-detached houses set in the extensive grounds of a former school. Since the funding was confirmed in mid April the developer has sold off plan 6 of the apartments and is on target to complete the development within 12 months.
A busy couple of months for Kinloch Corporate Finance. In February we completed £8.65m funding on a new build Student accommodation in Bristol for our clients Westover Student Homes and also advised them on a site purchase for a further development in the West Country.
In March Kinloch Corporate Finance were retained to advise on the sale of a family run food manufacturing company based in the Midlands. This is a third generation family business that has now decided to exit due to conflicting interests amongst the family shareholders. Kinloch are advising on the best route to exit , strategy and the preparation of the Information Memorandum prior to the sale. This is a very profitable company with an Ebitda of circa £5m and a number of quality brands.
Kinloch Corporate Finance are retained by a newly listed company on the London Stock Exchange. The PLC has been created and funded to buy profitable companies where the purchase price is from £3m up to £15m on each transaction. The Directors have a long successful track record in the Public company sector and creating wealth for their shareholders.
Non specific sector but interested in Healthcare , Renewable energy , Waste to Energy , Service sector , Telecoms & media , Food including restaurants and licensed premises , new technology , energy.
Must be profitable with a minimum Ebitda of £1m plus. Good management team at operating level. PE range 3 to 5 max. Be able to bolt on further acquisitions to the PLC. Cash / shares up front with earn out over 2-3 years.
Interested parties should contact us 0n 020 7118 1442 for a confidential discussion.
Kinloch Real Estate has arranged £4.75m funding for the development of 22 apartments and 3 small light industrial units on a site owned by their client Winsor Homes. Kinloch were involved in the original acquisition of the site in 2015 and through the lengthy planning process. Kinloch have subsequently arranged the presale of 12 apartments to a Housing Association.
We are retained by the owners / founders of a leading provider of critical homecare and home nursing services based in the South East. Having built the business up over 20 years the owners now wish to retire. There is an experienced management team in place.
This is a consistently profitable business . In 2016 the turnover was £5m with Profits before tax of £850,000.
Interested parties should contact Tim Cottier on 07860 656652 for an initial confidential discussion.
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.