SPARK Advisory Partners Limited (“SPARK”) has been appointed by the independent directors of TPC3 to conduct a Formal Sale Process, under the Takeover Code, to seek potential buyers for the entire issued share capital of TPC3. The process commenced on 11 February 2013. TPC 3 is a successful pub owner, owning a bespoke portfolio of seven freehold pubs (“the Estate”) across central Scotland. TPC 3 was established under the Enterprise Investment Scheme of 2006/7, and following the expiry of the EIS holding period, but before the conclusion of the current Management and Supply Agreements in mid-2013, by which the Manager operates the Estate, the Board is seeking a sale on terms acceptable to the Board and its shareholders.
SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that following its approval by the UKLA as a Sponsor for Main Market companies, it has completed its first Sponsor assignment, acting as Sponsor to highly-regarded AIM-based venture capital trusts, Amati VCT plc and Amati VCT 2 plc. The VCTs, which are managed by Amati Global Investors, have recently launched linked Offers for Subscription including an enhanced share buyback and reinvestment facility to raise up to £30 million. The Amati VCTs focus their investments on companies quoted on AIM, but allows for an element of pre-IPO investments, typically with a value of more than £15m.
Neil Baldwin and Mark Brady of SPARK have acted on over 20 VCT IPOs and secondary fundraisings since the creation of VCTs in the 1990s. Neil Baldwin, Partner, said: “We are delighted to have successfully completed a VCT transaction under a very tight timetable for one of the leading venture capital trusts currently in the market. As our VCT team has, over the years, acted for many of the managers of venture capital trusts, we hope that under the SPARK banner we can continue to be active in this specialist market.”
SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it has been approved by the London Stock Exchange to act as a nominated adviser for AIM Companies (“NOMAD”) with effect from 24 January, 2013. This follows UKLA approval to act as a Sponsor to Main Market companies granted in November 2012.
Commenting on the announcement, Mark Brady a SPARK partner said “Being approved as a NOMAD for AIM companies has always been an important part of our plans for SPARK. The provision of our pro-active financial advisory services alongside a NOMAD role will allow our clients to obtain real value from this retained regulatory function. SPARK is now one of only about 30 businesses in the UK approved to offer both NOMAD (for AIM companies) and Sponsor (for Main Market companies) services to corporate clients. This valuable approval provides us with an excellent platform to continue to grow the SPARK Advisory Partners business.”
Offices in London and Leeds
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