SPARK acts as independent financial advisor to Metnor Group plc

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it acted as Rule 3 Advisor to the independent directors of Metnor Group plc (“the Company”) in the recent recommended £5m offer by TIMEC1308 Limited for all of the shares in the Company. The Offer was declared wholly unconditional in December 2012. Partners Neil Baldwin and Sean Wyndham-Quin worked on the transaction, which was SPARK’s second completed Takeover Code financial advisory role in 2012 since SPARK was formed. Sean Wyndham-Quin commented “The SPARK team has completed many independent financial advisory roles in their previous employment and we are delighted that many former clients recognise the team’s skills, experience and ability to provide value-added independent advice in bid situations”.

SPARK obtains Sponsor approval

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it has been informed by the UK Listing Authority that it has met the required conditions to enable SPARK to act as a Sponsor to companies listed on the Main Market of the London Stock Exchange. Commenting on the news, Mark Brady of SPARK said “Being approved as a Sponsor is a key milestone in the continued development of SPARK. It is recognition of our experience and skill-set and being one of less than 60 Sponsors in the UK further sets us apart from many of our competitors. We look forward to working with companies listed on the Main Market in future.” If you any requirement for Sponsor services in the first instance please speak to Mark Brady or Neil Baldwin on 0113 370 8974.

SPARK advises 600 Group on debt re-structuring and equity raise

SPARK Advisory Partners Limited (“SPARK”) has acted as financial advisor to 600 Group plc (“600 Group”) on its successful debt re-structuring and equity raise. 600 Group plc is a UK listed (AIM: SIXH) global supplier of machine tools, precision engineered components and laser marking equipment based in Leeds. Commenting on the transaction, Miriam Greenwood of SPARK said “We are delighted to have advised 600 Group on this complex transaction and look forward to continuing our relationship with the company.

SPARK Advises management on £61m take-private of Morson Group

SPARK Advisory Partners Limited (“SPARK”) has advised MMGG Acquisition PLC, the vehicle established by the management team of Morson Group plc (“Morson”), on the successful £61m MBO and take-private of Morson.

Established in 1969, Morson is the largest technical staffing company in the UK and provides technical contracting personnel to the aerospace and defence, nuclear and power, rail and other technical industries. Morson floated on AIM in March 2006 with a strategy to grow the business utilising a public quote. However, earlier this year, at the request of certain shareholders, the management team commenced the process of taking the Company private. The SPARK team, led by Matt Davis and Mark Brady, assisted MMGG in raising leverage to finance the deal, structured the transaction and led shareholder negotiations.

Commenting on the transaction, Matt Davis of SPARK said: “Having worked with the business and the management team since before Morson’s flotation in 2006, we were delighted to be able to continue our longstanding relationship by advising them on all aspects of this transaction.

Ged Mason, CEO of MMGG/Morson Group, said: “We have enjoyed a close relationship with the team at SPARK and their advice on this important transaction was instrumental in its success. We are delighted to have supported SPARK in its new corporate advisory business and wish them every success in the future.

SPARK launches new independent corporate finance advisory business

The Partners are pleased to announce the formation of SPARK Advisory Partners, operating out of London and Leeds to provide independent advisory services to existing and prospective quoted companies, unquoted businesses and private equity investors.

SPARK Advisory is owned by its founding partners, Matt Davis, Mark Brady, Neil Baldwin, Sean Wyndham-Quin and Miriam Greenwood.