SPARK appointed as Nominated Adviser to Metal Tiger PLC

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that has been appointed to act as Nominated Adviser and financial advisor to Metal Tiger plc. Metal Tiger Plc is a London Stock Exchange AIM-listed natural resources company primarily focused on the mining sector in the South East Asia region. The Company aims to progress suitable gold-potential assets through the licensing and exploration cycle and ultimately towards production.

SPARK acts as Sponsor to Downing ONE VCT plc

SPARK Advisory Partners Limited (“SPARK”) has acted as Sponsor to Officially Listed Downing ONE VCT plc in its Offer for subscription to raise up to £20 million.

SPARK appointed to five AIM companies

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it has been appointed to act as Nominated Adviser to five new AIM clients : Immedia Group plc, Beximco Pharmaceuticals Limited, Jubilee Platinum plc, Nova Resources Limited and Craven House Capital plc.

SPARK acts as Sponsor to the Amati VCTs

SPARK Advisory Partners Limited (“SPARK”) has acted as Sponsor to Amati VCT plc and Amati VCT 2 plc in relation to the amendment to each company’s investing policy.

SPARK appointed as Nominated Adviser to 600 Group plc

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that has been appointed to act as Nominated Adviser and financial advisor to 600 Group plc.

SPARK advises Plaza Centers N.V on Rights Issue

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it has advised Plaza Centers N.V (“Plaza”) on a Placing and Rights Issue to raise EUR20m. Plaza is a leading emerging markets developer of shopping and entertainment centres with operations in Central and Eastern Europe and India. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional centres.

Plaza is a Dutch Company, which is dual listed on the Premium Segment of the Main Market of the London Stock Exchange and also the Warsaw Stock Exchange. The Rights Issue forms part of a wider, complex financial restructuring that Plaza has undertaken over the last year in order to restructure its debt and bondholder arrangements.

The arrangements in relation to the Placing and Rights Issue are subject to shareholder approval at a General Meeting to be held on 28 November 2014 and will result, inter alia, on the Company also listing its shares on the Tel Aviv Stock Exchange. SPARK acted as the UK Sponsor to Plaza.

SPARK advises Renew on acquisition of Forefront Group

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that is has successfully advised Renew Holdings plc on its £14.8m acquisition of Forefront Group Limited. Forefront is an engineering services business focused in the gas infrastructure market and operates in the South East of England with its head office in Leigh-on-Sea. The business focuses on the replacement of gas mains and other critical services for National Grid and Southern Gas Networks in London and the South East. Forefront provides its services through framework agreements and employs approximately 350 skilled personnel.

The gas infrastructure market is highly regulated and Forefront’s revenues are derived from the 30 year gas mains replacement programme which involves the replacement of iron gas mains pipes with polyurethane mains.

Forefront specialises in both low and medium pressure outlets up to 48” diameter. The business also deals with emergency gas leaks and has a specialised under pressure drilling capability. Forefront also provides a complete reinstatement service and operates its own material recycling facility.

The acquisition has been funded from the Group’s cash resources and a four year term loan of £12m provided by HSBC Bank plc. Commenting on the transaction, Sean Wyndham-Quin, Partner, said “We are pleased to have once again been able to advise Renew on another successful acquisition. The acquisition of Forefront is earnings accretive and in-line with Renews strategy”.

SPARK has enjoyed a successful first half year in 2014

SPARK has continued to build on its success in the first half of this year, advising on a range of transactions for a mixture of unquoted companies and those listed on both AIM and the Main Market. Highlights have included advising on our first AIM IPO, advising on further Takeover Code transactions, developing our portfolio of Sponsor work, and continuing to build our portfolio of retained clients.
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SPARK advises TyraTech, Inc on its Placing and Subscription to raise £3.5 million

SPARK Advisory Partners is pleased to announce that it has advised AIM quoted TyraTech, Inc. (AIM: TYR and TYRU) on its Placing and Subscription to raise £3.5 million. TyraTech, Inc., a life sciences company focusing on nature-derived insect and parasite control products, will use the funds raised to assist the successful launch of its Vamousse head lice product range in Superdrug and Boots stores in the UK, as well as for further anticipated listings in additional US and UK retailers, expansion into further new geographic regions and for other working capital requirements.

SPARK acts as Rule 3 Advisor to Pochins PLC

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it has successfully advised the Independent Directors of Pochin’s PLC on its sale to Middlewhich Limited. Miriam Greenwood, Partner, said “This transaction is yet further evidence of the excellent track record that SPARK has developed in advising public companies on successful transactions. We are delighted to have been able to work with the management team at Pochin’s on this transaction and wish them all the best under the new ownership.