November 2016

Devonshire Corporate Finance Limited, the FCA-regulated arm of Kingston Smith Corporate Finance, has advised the board of Severn Valley Railway (Holdings) plc on the launch of its latest share offer, which is aiming to raise £2.5 million from new and existing shareholders.

Severn Valley Railway is celebrating over 50 years as a tourist attraction and runs regular, mainly steam-hauled, passenger trains between Kidderminster in Worcestershire and Bridgnorth in Shropshire. Much of Bridgnorth’s infrastructure and facilities date back to 1862, and are in need of conservation and considered enhancement to cope with the heritage railway’s ever-increasing number of visitors. This latest share offer will enable a substantial portion of the railway’s Bridgnorth redevelopment plans to be completed, and will supplement funds that the railway is raising through charitable giving and grants.
April 2016

Kingston Smith has advised the Noble Organisation Ltd on Brighton Marine Palace & Pier Company disposal to Eclectic Bar Group PLC. The total cash consideration was £18 million.

The Brighton Marine Palace & Pier Company owned and operated Brighton Pier, one of the most popular leisure attractions in the UK.

Eclectic Bar Group PLC is an AIM quoted leisure company. Its Chairman and largest shareholder is Luke Johnson, serial entrepreneur and Chairman of both Patisserie Holdings PLC and private equity firm, Risk Capital Partners.

Kingston Smith acted as financial adviser to the Noble Organisation on the transaction. We identified and approached the buyer and continued to advise for the duration of the process.

Ian Imrie, MD of the Noble Organisation Ltd commented, “Kingston Smith has been instrumental to this deal; finding the buyer, ensuring the buyer fully understood the business from the outset and advising throughout the process.

Luke Johnson, Chairman of Eclectic Bar Group PLC, commented “We were delighted when Kingston Smith brought this opportunity to us. This is an outstanding transaction and their insight into the business itself and knowledge of the parties involved has been crucial.”

Jonathan Garbett, Director at Kingston Smith Corporate Finance said, “We have had a relationship with the Noble Organisation, Brighton Pier and Luke Johnson for many years and I am thrilled that we have been able to connect these parties using our market-leading commercial network. In delivering the project we were able to provide M&A and funding solutions for our client in a fast and efficient way to meet their business objectives.”