Armstrong has provided sell-side CDD support for Foresight’s sale of DA Languages Ltd (‘DAL’) to IK Partners (‘IK’).

Founded in 1998 and headquartered in Manchester, DAL is one of the fastest growing language services providers in the UK, providing critical services to organisations communicating with non-English speakers. With a network of over 8000 mother tongue interpreters and translators, DAL’s offering spans face-to-face, video and telephone interpretation along with written translation services. Over 450 languages and dialects are provided, including sign language, enabling better outcomes for all stakeholders. Promoting inclusivity and equality is at the heart of DAL’s operations, ensuring that language barriers are removed in critical situations, particularly in healthcare and legal settings.

Armstrong provided full sell-side CDD. This included in-depth interviews with customers and market participants as well as an exploration of market trends and drivers such as the increased use of video and other technology within the sector. Armstrong delivered a detailed analysis of opportunities for growth within the markets that DAL operates in.

Matthew Taylor, Managing Director at DAL said “Armstrong were great to work with. The team was responsive and insightful, and got an understanding of our business and the industry quickly. The report will be a very useful framework for addressing growth opportunities in the future”.

To find out Armstrong’s views on opportunities in the business services sector, please contact;

Peter Cookson

+44 7871 425 467
pcookson@armstrong-ts.com

Jack Hibbs

+44 7883 296 346
jhibbs@armstrong-ts.com

Armstrong has provided full CDD support for Bridges Fund Management’s investment in Tier 1, a leader in the IT recycling and Asset Management industry, providing secure IT recycling, disposal, and refurbishment services.

Established in 1995 Tier 1 Asset Management Ltd specialises in the secure and ethical disposal of end of lifecycle IT equipment, covering collection, guaranteed data security, re-marketing, and environmental disposal.

As part of CDD Armstrong carried out 44 in-depth interviews with multiple customer groups, market experts, competitors, and suppliers. We also carried out market & competitor analysis, assessment of internal KPIs and development of base, upside, and downside business plan cases.

Daniel Knight at Bridges Fund Management said “Matt and the Armstrong team provided a high-quality and comprehensive commercial report supporting our investment into Tier 1, and also provided clear forward-looking insights that will help shape strategy and scale the business. We look forward to working together again in future”.

Sustainable and ESG investing is a growing focus for Armstrong. To find out more, please contact:

Matt McNally

+44 7894 736 523
mmcnally@armstrong-ts.com

Armstrong has provided CDD support for Inflexion’s investment in Detectortesters, the leading global manufacturer of fire detector testing equipment.

Founded in 1965, Detectortesters designs and produces solutions that enable testing of smoke, heat, and carbon monoxide fire detectors. The business exports its products to over 130 countries, deriving over 80% of its revenues outside the UK. The company conducts all new product development in-house, working with all of the major fire detector OEMs.

Armstrong conducted 15 detailed sector expert interviews in order to provide Inflexion with a focused buy-side CDD report, addressing specific key questions.

This deal builds on Armstrong’s recent experience in the TICC sector. To discuss our views on opportunities in this sector, please contact:

Matt McNally

+44 7894 736 523
mmcnally@armstrong-ts.com

Armstrong has provided Commercial Due Diligence support for Sovereign Capital Partners’ investment in Aquitaine Group, a specialist private client trust and corporate services provider.

Based in Guernsey, Aquitaine has an excellent reputation for providing private client trust services including estate planning and wealth management structures, together with corporate fiduciary services. Aquitaine has a strong and growing referral network among law firms and other intermediaries. Guernsey is an attractive jurisdiction for private clients and their advisers, given its reputation, regulatory culture, and high-quality network of professional services firms.

Armstrong conducted full buy-side CDD, including extensive customer and intermediary referencing, interviewing market experts and competitors, and an assessment of the complex market and fragmented competitive environment.

Armstrong also tested Aquitaine’s opportunity to execute a targeted buy-and-build strategy to expand capabilities across multiple jurisdictions in the trust, fund, and corporate services sectors. As part of that work, Armstrong advised on Aquitaine’s acquisition of Summit Trust International, based in Switzerland, as part of its buy & build strategy to establish a leading multi-jurisdictional private client trust business.

Alex Hay at Sovereign Capital Partners said “We are pleased to have completed our investments in Aquitaine and Summit with the support of the Armstrong team. They carried out an extensive client, intermediary, and market referencing programme and used their experience in the sector to provide clear and commercial insight which was key to supporting our investment hypothesis. We thank the Armstrong team for their hard work and we look forward to working with them again in the future.”

To find out Armstrong’s views on opportunities in the financial services sector, please contact:

Peter Cookson

+44 7871 425 467
pcookson@armstrong-ts.com

Armstrong has supported the British Engineering Services Group, a market-leading UK testing, inspection, certification, & compliance (TICC) business, in their acquisition of Proviso Systems, a condition-based monitoring firm. British Engineering Services is an Inflexion portfolio business. This transaction follows BES’s earlier condition-based monitoring acquisition of PCMS in 2020.

Proviso Systems is a condition-based monitoring business established in 1995, located in Doncaster, providing specialist services such as vibration analysis, thermography, and oil analysis to customers nationwide. Proviso’s team of engineers work closely with clients in a broad range of sectors to monitor the state of their machinery, enabling proactive maintenance and preventing unexpected breakdowns.

Armstrong carried out customer referencing to assess the quality of Proviso’s customer relationships and explore additional areas where they can support them. Our work highlighted Proviso’s superior technical expertise, know-how, differentiated customer service, and further evidenced a trend towards the increased adoption of remote monitoring solutions.

Sebastian Lomax, Group Director of Acquisitions at British Engineering Services: “Understanding the strength and quality of customer relationships is critical when acquiring a business, so to have the Armstrong team alongside me to support with their market knowledge and insights is invaluable in making the right decisions. I look forward to working with them again soon on the next acquisition.”

To find out more about industrial opportunities please contact:

Matt McNally

+44 7894 736 523
mmcnally@armstrong-ts.com

Magnus Hedberg

+44 7988 121458
mhedberg@armstrong-ts.com

Armstrong is pleased to have supported Murgitroyd, a leading European provider of intellectual property (IP) services, in its acquisition of Hanna Moore + Curley (HMC), the Irish patent and trademark attorney firm.

Backed by Sovereign Capital Partners, Murgitroyd made the acquisition as part of its global buy & build strategy, with HM+C adding its specialism in obtaining IP protection for technology-led companies to the group. The acquisition also expands Murgitroyd’s global reach with HM+C’s representative office in China and broadens the range of services offered to its US corporate clients.

Armstrong conducted a series of in-depth client interviews which validated Murgitroyd’s key investment hypotheses, and confirmed that HM+C is highly regarded by its blue-chip clients for its deep knowledge of IP and its specialist sector experience, backed by responsive, high-touch client service.

Emma Flin, Investment Director at Sovereign Capital Partners, said “Armstrong provided a focused piece of CDD which delivered clear answers to our key questions about HM+C’s client proposition, and gave us detailed insight and recommendations that we will use to help grow the business.”

The structure of the legal profession is being changed by technology adoption and service innovation, and its market evolution is presenting attractive and scalable M&A opportunities across the value chain, from full-service tech-enabled law firms right through to pureplay software vendors.

To find out Armstrong’s views on opportunities in the legal sector, please contact;

Peter Cookson

+44 7871 425 467
pcookson@armstrong-ts.com

Armstrong has provided CDD support as Connection Capital’s clients invest in MatOrtho. Founded in 2010, MatOrtho designs, manufactures and commercialises performance leading, orthopaedic implant devices. It is one of the UK’s most innovative orthopaedic device designers. The company has achieved strong growth and has built a truly global presence, supplying implant devices into many of the world’s orthopaedic markets.

MatOrtho’s mission is improving the quality of life of all patients who receive one of its devices. Based in Leatherhead, the company has an international reputation for technical innovation. Its range of advanced knee, hip, and finger replacement procedures consistently deliver clinically proven, best-in-class patient outcomes for implant performance and sustained use with better patient satisfaction. The private equity investment will enable MatOrtho to accelerate international expansion into new and existing markets and will support research and development as the company continues to develop the next generation of implant technology.

Armstrong provided buy-side CDD, including in-depth interviews with customers and market participants in the UK, Australia, Germany, and South Africa. As a result, Armstrong delivered clear and evidence-based conclusions and recommendations as to market drivers and developments, and growth opportunities for MatOrtho.

Michael Coupland at Connection said “Armstrong provided valuable insight in relation to our investment in MatOrtho. The feedback they obtained from the customer base has been really helpful and has informed our view on strategic priorities and initiatives as there is an increased understanding of what our customers want. We thank Peter and the wider team for their support and look forward to working together in the future.”

To find out Armstrong’s views on opportunities in the healthcare sector, please contact;

Peter Cookson, Partner

+447871425467
pcookson@armstrong-ts.com

Armstrong has provided CDD support for Thincats financing of Corinthian Brands Limited (‘CBL’). CBL, one of the UK’s independent drinks manufacturers, has been supported with an eight-figure funding package for the MBO of St Helier Beverage Company Jersey Limited and its subsidiaries, by leading alternative finance provider for mid-sized SMEs, ThinCats.

St Helier Beverage Company is the parent company of Corinthian Brands, with flagship alcoholic drinks brand Dragon Soop, HCC Cider, Lamcello ‘Posh Perry’, St. Helier sparkling fruit beverages and Old Style Ginger Beer. Corinthian Brand drinks are sold through many high street supermarkets as well as a range of wholesale and independent stores.

Armstrong provided CDD for Thincats, including market sizing for the UK RTD market, an analysis of the competitive and regulatory environment, and interviews with key wholesalers.

Dave Sherrington, Regional Head of Sales, London, ThinCats: “It was a pleasure to work with the team at Armstrong on the Corinthian deal, they were flexible and responsive, and helped deliver the funding in a timely manner. We look forward to working together again.”

To find out Armstrong’s views on opportunities in the consumer sector, please contact;

Peter Cookson

+447871425467
pcookson@armstrong-ts.com

Armstrong has provided CDD support for Alcuin Capital Partners (‘Alcuin’), as it partners with the management team of Hartley Botanic. Founded in 1938, Hartley Botanic is a leading manufacturer of luxury and bespoke Greenhouses and Glasshouses. The business is headquartered in Greenfield, Lancashire, and has operations in the USA where export sales have grown substantially in recent years. Hartley Botanic’s Greenhouses are the only Aluminium Greenhouses endorsed by the Royal Horticultural Society, and Hartley has been commissioned by the likes of the National Trust, Kew Gardens, Oxford Botanic Garden, Hampton Court Palace and the RHS.

Armstrong provided buy-side CDD, including in-depth interviews with customers and market participants in the UK/Europe and the USA, to deliver a detailed analysis of opportunities for growth within the markets that Hartley Botanic operates in.

Neil Wilson at Alcuin said “Armstrong were great to work with, as always. The team was responsive and insightful and got to grips with our key commercial questions very quickly. The report will be a useful framework for thinking about we can support Hartley Botanic’s continued success.”

To find out Armstrong’s views on opportunities in the consumer and built environment sectors, please contact;

Peter Cookson

pcookson@armstrong-ts.com
+44 7871 425 467