• Armstrong has provided commercial due diligence for FPE Capital’s investment in TNP, the provider of Microsoft Dynamics NAV enterprise resource planning (ERP) software and services to mid-sized UK corporates. Founded in 2009, TNP has around 150 staff members and 300 customers. The business has delivered consistently strong growth and is seen as a champion by Microsoft in the Dynamics space. Armstrong provided support for the transaction since mid-2017, and to FPE since late that year, on this complex multi-market business.  CDD involved 100 interviews, across 11 sectors, and was [...]

    Read more

    Armstrong has provided commercial due diligence for Bowmark Capital’s investment in global flexible workplace provider Instant Offices. Founded in 1999, Instant provides alternative methods of office procurement and management, with a focus on flexible workspace and medium-term lease solutions. The business employs 250 people in 11 cities around the world. Instant’s digital platform and innovative managed office solutions provide an end-to-end service for customers.  The business has delivered compound annual revenue growth of 30% over the past four years, growing its international [...]

    Read more

    Armstrong has provided commercial due diligence for NVM Private Equity’s investment in UK serviced office broker Flexioffices (Flexi). Led by an experienced management team, Flexi works with 3,000 flexible office facilities across London and the UK, offering a wide variety of styles and designs from traditional office space to modern and quirky. Flexi has relationships with many of the leading providers of flexible offices, and some of its major clients include ASOS, Bovis Homes, Eventbrite, Spotify, Deliveroo and Argos. The company also serves the requirements of a wide variety of SMEs [...]

    Read more

    Armstrong has supported another bolt-on acquisition for CloserStill, B2B event operator and Inflexion portfolio business. As part of CloserStill’s geocloning strategy, the business has acquired Learning, the leading corporate learning conference in the US for Chief Learning Offices and other senior corporate decision makers. The deal continues CloserStill’s strategy of expanding its successful events overseas, in this case, Learning Technologies – Europe’s largest such event. For further information on this deal, or the event management sector in general, please contact: [...]

    Read more

    Armstrong has provided commercial due diligence for YFM Equity Partners’ investment in public sector cloud software solutions provider Arcus Global. The business has developed a proprietary SaaS platform that enables Local Authorities and other Public Sector organisations to transform end to end service delivery in areas such as Digital Transactions, Planning, Building Control, Regulatory Services and Waste Management.  Arcus has experienced rapid growth due to a shift towards cloud-based solutions for software and infrastructure requirements. The company is also a specialist [...]

    Read more

    Armstrong has provided commercial due diligence for Connection Capital’s investment in specialist lab equipment manufacturer, HEL. HEL designs and supplies a range of highly specialised, custom-made modular lab instruments and testing equipment. Typical products include different forms of “reaction stations” which for example screen for thermal hazards or use catalysts to test chemical reactions. The company supplies a range of blue-chip chemical, pharmaceutical, biotech and academic and research institutions worldwide, including Pfizer, GSK, Shell, Dow, MIT, the University of[...]

    Read more

    Business: Duncan & Todd Group Sector: Retail Investor: LDC Deal Size: £15m Armstrong has worked with LDC to provide CDD for their investment in Duncan & Todd Group, the leading optical provider in Scotland. The business operates through 3 divisions - retail, manufacturing and corporate - employing 250 people across a national branch network and its ophthalmic lens laboratory in Aberdeen. It also provides outsourced corporate eye care services to more than 200 public and private sector customers, through its Smart Employee Eyecare brand. Chief Executive Frances Rus has [...]

    Read more

    Business:           Travel Department Sector:               Travel operation Investor:            MML Growth Capital Partners Ireland Value:                 Undisclosed Armstrong has provided commercial due diligence to MML’s investment in Dublin-based escorted tour operator Travel Department. Travel Department is Ireland’s leading tour operator for guided group holidays. The business has over 22 years’ experience of providing memorable tours to over 100 destinations worldwide, with almost 200 itineraries including cultural breaks,[...]

    Read more