August 2017

In August 2017 Teneo acquired leading management consulting firm Credo.

The transaction represents a major expansion of Teneo's consulting division as the company experiences significant growth. The acquisition of Credo brings a team of 60 staff to Teneo and expertise in corporate strategy, transaction services, commercial and operating model transformation and performance improvement.

Kingston Smith gave financial and tax advice to the Credo partners in respect of their sale to Teneo.
April 2017

Kingston Smith is pleased to have provided financial and tax due diligence services to Human Race Limited in connection with its acquisition of Xtra Mile Events Limited. Human Race is the largest and most diverse mass participation events company in the UK, with a portfolio of over 30 events each year. Xtra Mile, also a sports event company, organises a number of endurance events across Wales and Northern England - most notably, the Greater Manchester Marathon. The acquisition of Xtra Mile has strengthened Human Race’s position in the sporting event sector.

Michael Hedges, Finance Director at Human Race Limited comments: “We were very impressed with the final report and how the whole due diligence process was managed. We felt it went very smoothly and was managed professionally by the Kingston Smith team. The report went in to a good level of detail and particularly we valued the work done on Race Entry Prices. We really enjoyed working with you all on it.”

Human Race is the UK’s leading mass participation events company, putting on over 30 events each year in triathlon, cycling, running, duathlon and open water swimming. Part of Amaury Sport Organisation (ASO), owners of Le Tour de France and the leader in the French running and sportive market, Human Race’s prestigious portfolio includes the Windsor Triathlon, Dragon Ride L’Etape Wales, the Cancer Research UK Winter Run Series and VitalityMove. The company also specialises in delivering bespoke corporate events, working with businesses such as JLL and Cisco.
Devonshire Corporate Finance advises on MBO for engineering specialist recruiters - Alexander Associates.

Devonshire Corporate Finance Ltd (DCFL) recently advised on the management buy out for Alexander Associates, a £10 million specialist engineering recruitment consultant in Kent.

Managing Director of Alexander Associates, Gareth Jones comments: “The team at DCFL were instrumental in the MBO of our business. I found it amazing how quickly they got to grips with the figures and were able to illustrate the performance and potential of the business in a language that financiers require. DCFL were on our wavelength from day one.

“Knowing your business inside out is essential but without having a team to understand your goals, guide and represent you there are countless pitfalls and dead-ends to hamper your progress. DCFL were constantly one step ahead, anticipating hurdles and ensuring we were prepared and fully understood every detail. The amount of time and distraction DCFL saved by managing the process was beyond value to the business during the transaction and ensured the time away from the business was kept to an absolute minimum.”

Marc Fecher, Head of Devonshire Corporate Finance says, “It was a pleasure to be able to support and advise Gareth and his team from start to finish on this deal. Alexander Associates is a fantastic business that will be taken to the next level now that ownership has transferred to the longstanding, proven and passionate management team.

Devonshire Corporate Finance Ltd is part of Kingston Smith LLP Group and has many years' experience in helping clients achieve their ambitions, having completed over 350 transactions in a variety of sectors.

We provide a wide range of corporate finance advice covering business disposals, strategic and exit route planning, mergers and acquisitions (including accelerated M&As in distressed situations), raising finance and flotations, and management buy-outs and buy-ins. Devonshire Corporate Finance Ltd is regulated by the Financial Conduct Authority.