mini-budget

Mini-Budget and the Impact on M&A

For clients thinking of buying or selling companies Capital Gains Tax (CGT) has by far the biggest impact and so far, there is no indication that the CGT rate has changed in this mini-budget – which is good. The trickle-down economic strategy that the new team in No 10 has adopted of trying to grow…

Vindex Systems

INDUSTRYSecurity & Health & Safety Vindex Systems, a leading systems integrator that delivers intelligent business protection solutions, has been acquired by Johnson Controls, with Avondale providing negotiation advisory services. Delivering turnkey security solutions, including system planning and design through to implementation, installation, support and maintenance, Vindex Systems has built a reputation for outstanding technical capabilities…

John Rowan and Partners

INDUSTRYConstruction & Property Consultancy John Rowan and Partners, an award-winning, multi-disciplinary construction and property consultancy, has been acquired by Bellrock Property & Facilities Management (“Bellrock”). Established in 1982, John Rowan and Partners have built an impressive track record, working in both the public and private sectors supporting major regeneration projects, such as the Olympic Legacy…

The Benbow Group

INDUSTRYManufacturing The Benbow Group, a leading manufacturer of interior joinery primarily to prestige, luxury retail stores, is pleased to announce the transfer of ownership to their 82 staff through a sale to an Employee Ownership Trust (“EOT”). The transaction was led by Avondale. Sold to an Employee Ownership Trust Formed in 1949, the company was…

HVAC Company

INDUSTRYHVAC A company that drives exceptional HVAC installation and associated works for tier one clients, as well as managing significant infrastructure projects in the transport and education sectors, sells to Private Equity. The vendors were seeking an investor that would create a suitable exit for themselves but also assist the excellent future growth opportunities available…

Carlton Bingo

INDUSTRYLeisure Carlton Bingo, a leading operator of bingo clubs across Scotland, is pleased to announce the transfer of ownership to their more than 200 staff through establishing an Employee Ownership Trust (EOT), with Avondale leading the process every step of the way. Formed in 1998 through a management buyout of the bingo interest of Taylor…