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Corporate Finance Deals

CORPORATE FINANCE DEALS

 

BrandAlley

 

BrandAlley

 

Waterfront has advised the investors backing the management buy-out of BrandAlley UK from News International and BrandAlley France. BrandAlley UK is a leading UK fashion private sales website. It was set up as a joint venture between News International and BrandAlley France. The company pioneered the designer flash sale model in the UK

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Sophie Price, Piers Strickland, Alison Berryman, Jean-Marc Pettigrew, Anthony Purvis, and trainee Katie Broadley.

 

Wilder Coe and Paul Giles provided accountancy and tax advice to the investors.

 

Grant Dawe provided legal advice to the management team.

 

Taylor Wessing provided legal advice to the sellers.

 

For more information about BrandAlley UK and the MBO please click here:

 

www.brandalley.co.uk

 

https://www.drapersonline.com/exclusive-brandalley-uk-acquired-by-its-management-team-in-mbo/5044853.article

 

https://blog.waterfrontsolicitors.com/news-waterfront-advise-private-investors-backing-management-buyout-of-brandalley-uk/

 

Egress Software

Egress Logo

Waterfront has advised Egress Software in relation to the £2.2m investment in the company by Albion Ventures, a UK-based venture capital fund. Egress Software was founded in 2007 and is the market-leading provider of on-demand Cloud-based email and file encryption services to organisations in the public and private sectors.

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Patrick Peake and Fifi Conroy.

 

Bird & Bird provided legal advice to Albion Ventures.

 

Tony Pepper, CEO and co-founder of Egress, said: “There are times when you need to have 100% confidence in your legal team and this investment was one of those times. I was absolutely delighted with the service Waterfront provided. Matt Cunningham was able to cut through the complexities of the lengthy legal agreements and took the time to ensure we fully understood all aspects of the agreements. We have worked with Waterfront on numerous matters over the years. They understand what high growth technology companies like Egress need from a law firm and they are always very pragmatic and commercial in their approach. I look forward to working with them on many more projects.”

 

Matt Cunningham said: “It’s great to see a client we have acted for since incorporation go on to develop into a successful business. I’m really pleased for Tony and all the team at Egress. With the investment and the support of the experienced team at Albion they will be able to take the business to the next level.”

 

For more information about Egress Software and the investment please click here:

 

www.egress.com

 

https://www.egress.com/albion-ventures-invests-in-egress-software-technologies/

 

https://www.albion-ventures.co.uk/portfolionew/albion-ventures-invests-market-leading-cloud-services-provider-egress-software-technologies-0

 

https://acquisition-intl.com/index.php/deal-wire/80-the-deal-pipeline-section/the-deal-pipeline-april-2014/1579-albion-ventures-invests-in-egress

 

Find Invest Grow

 

Waterfront has advised Find Invest Grow (FIG) in relation to a number of seed capital investments into UK start-ups. FIG is a UK-based venture capital company that works with young entrepreneurs, specifically undergraduates and recent graduates and helps them crystallise their ideas, supports them through the development of their business plans and introduces them to suitable investors. Matt Cunningham is a member of the FIG advisory board.

 

James King, Founder and CEO of Find Invest Grow said: “Waterfront has advised us on a wide range of legal matters since we had the idea for FIG and they have always provided an excellent service at a cost that a start-up can actually afford. They understand the financial pressures facing early stage businesses and take a pragmatic, commercial approach. Matt, Carole and the entire Waterfront team deliver, quite frankly, the perfect level of support for start-ups. If you are thinking about setting up an IT, technology or digital media business, speak to Waterfront."

 

For more information about FIG please click here:

 

www.findinvestgrow.com

 

Foodity Technologies

 

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Waterfront has advised Foodity Technologies in relation to an investment in the company by a number of private investors, including Matthew Freud. Foodity Technologies provides digital marketing software that connects publishers, brands and retailers to create shoppable content, ads or applications.

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Patrick Peake and Fifi Conroy.

 

John Agnes, founder and CEO of Foodity Technologies said: “Matthew was an incredibly thoughtful, patient, guiding hand when helping us incorporate and then frame shareholders agreements and handle incoming funding. We really appreciated his can-do approach and his clarity. As a new venture, encountering some issues for the first time, his willingness to explain matters carefully, together with his focus on keeping matters simple, was absolutely ideal. Looking forward to more work with him in the future.”

 

For more information about Foodity Technologies please click here:

 

https://constant.co/foodity/

 

Globrix

Waterfront has advised Daniel Lee and Ian Parry, the founders of Globrix, in relation to their management buy-out of the company from News International. Globrix was founded in 2007 and is the UK’s largest free-to-list property search engine.

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Amanda Fishwick and Tanveer Pawar.

 

Lewis Silkin provided legal advice to the investors backing the MBO.

 

Daniel Lee said: “Waterfront advised me on my MBO from News International and the subsequent sale of a stake in my company, Globrix, to Daily Mail & General Trust.  Waterfront were able to advise on all necessary areas of law for these transactions and support us in a very complex legal process where the other side was using much larger city firms. Being a small business it was crucial for us to find top quality legal advice but at a fraction of the cost of the big city firms, which is exactly what Waterfront provide. I would recommend them without hesitation.”

 

Immersive

 

Immersive

 

Waterfront has advised the founders of Immersive in relation to its strategic alliance with Avolites, the lighting control company. Immersive is a leading designer of public arts and live productions.

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Philippa Hobbins.

 

Mundays provided legal advice to Avolites.

 

Dave Green, co-founder of Immersive said: “Waterfront Solicitors were fantastic to work with on this project.  Their expert advice and guidance was an essential part of a fairly complex deal.  I would thoroughly recommend them to anyone in need of legal support.”

 

For more information about Immersive and its strategic alliance with Avolites please click here:

 

https://www.immersive.eu/

 

https://www.immersive.eu/ai/

 

Openfund

Openfund Logo

Waterfront has advised the Openfund in relation to a number of seed capital investments in UK start-ups. The Openfund is a Greek venture capital fund that provides business advice and funding for start-ups.

 

Georgios Kasselakis, an Executive Director at Openfund said: “Waterfront has represented the Openfund on UK law since we started operating there, and in a number of complicated investment related structures. Good lawyers point out dangers, great lawyers find solutions. ”

 

For more information about the Openfund please click here:

 

https://theopenfund.com/

 

Taxibeat

Waterfront has advised Taxibeat on the US$4m investment in the company by Hummingbird Ventures, a UK-based venture capital fund for high-growth digital media and software companies. Taxibeat provides a taxi hailing app for smartphones but, unlike most of its competitor apps which simply find the nearest available taxi, Taxibeat allows users to pick the taxi driver they prefer based on their preferences and ratings from previous customers. This is particularly appealing to users in booming emerging markets where there is often no formal regulation of taxis. Taxibeat also gives drivers more control of their brand and business by giving them the opportunity to sell themselves via full profiles (e.g. languages, types of cars and interior amenities).

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Patrick Peake, Katie Broadley and Fifi Conroy.

 

Nayia Antoniou provided Greek legal advice to Taxibeat.

 

AMBOS NBGO provided legal advice to Hummingbird Ventures.

 

Nikos Drandakis, CEO and founder of Taxibeat, said: “We have undergone rapid growth and this investment is further evidence of the belief investors have in our product. Matt Cunningham and the Waterfront team have been invaluable in guiding us through various rounds of investment. I am always grateful for their approachability, flexibility and sound advice.”

 

Matt Cunningham said: “Taxibeat have really carved out a market for themselves in offering something different from their competitors. They are going from strength to strength and I am delighted to have been able to assist them during this time of expansion. I look forward to working with them as they enter new markets around the world.”

 

For more information about the investment please click here:

 

https://taxibeat.com/blog/taxibeats-busy-funding-meter-ticks-off-another-4-million-series-a-round/

 

https://techcrunch.com/2013/12/20/taxibeat-raises-4m-from-hummingbird-to-scale-its-marketplace-taxi-app/

 

Wambiz

 

Waterfront has advised Wambiz on the £600,000 investment in the company by the Allan Murdoch Group, a consortium of investors that backs technology ventures. Wambiz is a social networking platform that presently operates primarily in the educational sector.

 

The Waterfront team advising on this transaction was led by Patrick Peake with support from Matt Cunningham and Fifi Conroy.

 

Gateleys provided legal advice to the investors.

 

Harry Jawanda, co-founder of Wambiz, said: “This investment comes at a key time for the company as we to enter into a large number of collaborations with colleges and universities across the country. Patrick and Matt delivered an excellent service and were always on hand to help with the various issues arising from the deal in a friendly and accessible manner.  Waterfront has been dealing with all legal matters for WAMBIZ since the company started and we look forward to continuing to work with them.”

 

Patrick Peake said:  “This was the biggest deal that WAMBIZ have been involved with so far and it has been great to see how quickly the company has grown in a short space of time. I am delighted for WAMBIZ at getting such a big vote of confidence for the business from experienced investors like the Allan Murdoch Group.”

 

For more information about the investment please click here:

 

https://startups.co.uk/tech-pitch-wambiz/

 

https://www.innovationbham.com/news/6765/

 

Wazoku

Waterfront has advised Wazoku on the £500,000 investment in the company by angel investors including B&Q CEO Martyn Phillips, the founder of MultiMap.com Sean Phelan and Octopus Capital chairman, Matt Cooper. Wazoku was founded in 2011 by Simon Hill and Find Invest Grow’s James King and provides a software-as-a-service idea management platform.

 

Simon Hill, founder and CEO of Wazoku said: "Waterfront provided us with a first class professional service for our seed funding with a perfect mix of professional advice, flexibility and understanding of the stress and importance for our business."

 

For more information about the investment please click here:

 

https://www.growthbusiness.co.uk/news-and-market-deals/fundraising-deals/2200448/angel-backers-from-bandq-and-multimapcom-invest-in-wazoku.thtml

 

Workable Software

Waterfront has advised Workable Software on the $1.5m investment in the company by investors led by Greylock IL, the Israel/UK-based affiliate of Greylock Partners, a leading US venture capital fund. Workable Software is Greek company that provides a cloud-based recruitment platform for SMEs to manage their recruitment with simple tools to promote their jobs online, review candidates and schedule interviews. Workable has previously raised $950,000 from angel investors and the Greek seed capital fund, The Openfund, with the latter also participating in the latest round.

 

The Waterfront team advising on this transaction was led by Matt Cunningham with support from Patrick Peake and Fifi Conroy.

 

Nayia Antoniou provided Greek legal advice to Workable Software.

 

JagShaw provided legal advice to the investors.

 

Workable CEO, Nikos Moraitakis, said: “This investment is very important for the company and we’re really pleased we chose Waterfront to advise us. Matt Cunningham provided excellent, practical advice throughout in a clear and accessible way. We have been with Waterfront since we first started the business and would I recommend them to tech start-ups without hesitation.“

 

Matt Cunningham said: “We are delighted to have Workable as a client. Greylock has invested in numerous businesses that have gone on to be very successful and its interest in Workable is an endorsement of the company’s achievements to date and its future potential.”

 

For more information about the investment please click here:

 

https://theopenfund.com/blog/workable-greylock/

 

https://techcrunch.com/2014/03/07/workable-raises-1-5m-from-greylock-il-to-build-cloud-based-recruitment-software-for-smes/