Transaction Examples

Mackley Holdings Limited

A family owned third generation civil engineering firm established over 80 years ago with over 150 employees & £20m turnover
Since 2003 retained as strategic adviser to the board:

Five year business planning
Review of balance sheet structures
Succession planning and execution, including introduction of share option scheme
Advised on the acquisition of Intermarine Limited

Perry Bishop and Chambers Limited

An independent firm of Chartered Surveyors and Estate Agents offering a complete property service in the Cotswolds
Since 2004 retained adviser to the Board:

Verrus (UK) Limited

Verrus UK was established in 2005 to provide mobile phone commerce, messaging and marketing solutions in the EU, utilising proven North American technology
Initial application in paying for car parking
Cormorant’s role has included:

Negotiating the corporate structure
Structuring and executing three rounds of tax efficient equity fund raisings
Structuring & negotiating bank debt facilities under the Government Small Loans Guarantee Scheme
Provision of finance function

Travtel Leisure Group Limited

Travtel is a diversified hotel & travel operator based in the Channel Islands
On behalf of the trustees of the estate of the late founder, Cormorant has advised on:
- long-term corporate strategy
- recommended divestment of non-core and unprofitable activities
- completed the disposal of a business travel division
- completed the disposal of a tour operator business
- completed the disposal of a leisure travel division
Cormorant has introduced new bankers and assisted in the renegotiation of bank facilities. This has enabled the trustees and management to focus on the development and refurbishment of the group’s core asset, a freehold boutique hotel in Jersey
Cormorant also assisted with a management reorganisation and cost-reduction programme
Cf www.hampshirehotel.co.uk