TelecityGroup Acquisition of Internet Facilitators Limited

TelecityGroup acquired Internet Facilitators Limited (IFL), a carrier neutral data centre in Manchester, UK with 1,600 sqm (1.4 MW) of high quality capacity. Offering a complementary strategic fit with TelecityGroup’s existing presence in the city, the acquisition also brought the potential for significant further growth.

Role: Torch Partners acted as exclusive financial advisor to TelecityGroup on the acquisition.

1st Exchange Acquisition of N4 Solutions

Technology solutions provider 1st Exchange has successfully acquired N4 Solutions (previously a division of Experian), a leading provider of distribution and fulfilment software for the financial services industry.

Role: Torch Partners acted as exclusive financial advisor to 1st Exchange on the acquisition.

Huddle Series-B Financing

Huddle is a leading inter-enterprise online collaboration tool which enables organisations and their employees to work together better both internally and with partners. Huddle raised a $10.2m equity financing round from Matrix Partners, a top-10 US VC, to expand to the US and continue their sales and marketing efforts.

Role: Torch Partners acted as financial advisors to Huddle, focusing on running a competitive process and accessing US based venture capital investors.

Borro Series-B Equity and Structured Debt Financing

Borro is the first and largest online pawnbroker and is revolutionising a 1000 year old business model by offering consumers a fairer and more transparent deal. Borro raised £10m in equity and debt financing to continue their rapid growth and fund both customer acquisition and the growth in their loan book.

Role: Torch Partners acted as financial advisors to Borro managing a complex structured debt and equity deal.

Acquisition and Restructuring of 3B Biofuels

Mercuria Energy has successfully acquired the senior debt securities of 3B Biofuels GmbH & Co. KG from Bank of Scotland Plc and IKB Deutsche Industriebank AG together with the subordinate debt and equity securities from Babcock & Brown Global Partners and Babcock & Brown Limited.

Role: Torch Partners acted as exclusive financial advisor to Mercuria Energy on the acquisition of the senior debt, subordinate debt and equity securities.

1st The Exchange Acquisition

Lloyds Development Capital completed the acquisition of a majority stake in 1st The Exchange, wholly owned subsidiaries of Vertex, a portfolio company of Oak Hill Capital Partners.

Role: Torch Partners acted as exclusive financial advisor to LDC on the acquisition.

(full announcement) (press coverage)

Just-Eat Financing

Index Ventures led a £10.5m Series A Financing of Just-Eat the leading European online meal ordering company.

Role: Torch Partners acted as sole financial advisor to Just-Eat managing the financing process.

EAG Bid

SVTC bid for Evans Analytics Group a leading, fully integrated and independent materials characterization lab network delivering testing services.

Role: Torch Partners and GCA Savvian acted as joint financial advisors to SVTC and its investors Oak Hill Capital Partners, Tallwood Capital.

Dylon Acquisition

Spotless Group announced the acquisition of Dylon, formally part of the Mayborn Group (a 3i owned company).

Role: Torch Partners acted as sole financial advisor to the Mayborn Group.

Telecity Group IPO

Telecity Group successfully completed its listing on the LSE, raising net proceeds of £67.5m and valuing the business at a market cap of £436m.

Role: Torch Partners acted as financial advisor to the Company on the IPO.

Coal financing

Completion of a $60 million financing from a major investment bank, for the development of coal resources in Queensland, Australia.

Role: Torch Partners and TC Capital acted as joint financial advisor on the financing.

Globix UK acquisition

TelecityRedbus announced that it completed the $62 million (approximately £33 million) acquisition of Globix Corporation’s wholly-owned UK subsidiary, Globix Holdings (UK) Limited.

Role: Torch Partners acted as sole financial advisor to TelecityRedbus on the acquisition.

(full announcement)

Concise Group disposal

Brains Direct announced the acquisition of Concise Group.

Role: Torch Partners and McNamee Lawrence acted as joint financial advisor to Alexander Mann, the parent company of Concise Group.

(full announcement)

Redbus Interhouse plc acquisition

Telecity Group plc announced a recommended £59.1 million cash offer for UK listed data centre competitor, Redbus Interhouse plc.

Role: Torch Partners acted as sole financial advisor to Telecity Group plc.

(full announcement)

Telecity plc take private

Inhoco 3236 plc, a special purpose investment vehicle backed by 3i and Oak Hill Capital Partners, announced a recommended £57.9 million cash offer for data centre operator, Telecity plc.

Role: Torch Partners acted as sole financial advisor to 3i and Oak Hill Capital Partners.

(full announcement)

Tertio Telecoms acquisition

Evolving Systems announced the acquisition of the private equity backed OSS business, Tertio Telecoms.

Role: Torch Partners acted as sole financial advisor to Tertio Telecoms investors, Apax Partners and Advent International.

(full announcement)