Latest News

We focus on local and international deals up to US$500 million in value across a wide range of sectors. Since the start of 2012 our partner firms have collectively completed over 230 deals, in 30 countries worldwide with an aggregate value of over US$17.5 billion.

Stone Group in Management Buyout

7th April 2008

Catalyst Corporate Finance, the award wining mid market corporate finance advisory business, has led the £28 million secondary management buy out of Stone Group.

Catalyst Corporate Finance, the award wining mid market corporate finance advisory business, has led the £28 million secondary management buy out of Stone Group.

The Staffordshire-based company, which employs nearly 200 staff, configures servers, desktop PCs and notebooks to order. Stone Group sells to a variety of clients within the public sector, with a specific focus on schools, further and higher education. It is also an authorised re-seller for a range of branded hardware products including IBM and Samsung.

Catalyst advised Stone on the original MBO and has built a strong relationship with the management team over the last 3 years culminating in their appointment as lead advisor on this transaction. Jamie Hope, Director at Catalyst, commented \"We have worked with James and his team for a number of years. Stone is another example of a UK manufacturer which can prosper by understanding its niche and providing its customer base with class leading service back up.\"

RJD Partners, a leading UK middle market private equity firm, was the preferred investor and
Jill Williams of RJD Partners, said: “Stone is one of the UK’s leading independent suppliers of IT hardware to the public sector, with a strong reputation for service. We are excited to have the opportunity to work with the management team to continue to build on their success to date”.

James Bird, chief executive, founded the business in 1991 to assemble and supply desktop personal computer systems for further education colleges under the company name Omega. Following an MBO in 2005, the company changed its name and expanded through the acquisition of Compusys in January last year.

James Bird will remain as CEO post-completion of the deal. He said: “This transaction is designed to provide Stone with the right shareholder base to allow us to continue with our strategy of organic growth, through continued focus on customer requirements and provision of a comprehensive, first class service to satisfy these, together with selective acquisitions where these complement and enhance our existing business“.

The MBO has been financed through a combination of management reinvestment and funds managed by RJD, with banking facilities provided by Barclays. The MBO is the fourth investment by RJD Partners through the RJD Private Equity Fund II.

RJD Partners was advised by Eversheds and PricewaterhouseCoopers. Stone Group was advised by Catalyst Corporate Finance and HBJ Gateley Wareing.
30-1207574045_9255.pdf
Adobe Acrobat file - 0.1 mb

< Back

latest opinion

Go West: Increasing Cross-Border Acquisitions from Poland

If asked about Poland-based acquirers a few years ago, I would probably have responded with a short list of companies whose acquisitions were mainly in adjacent countries…

Mobile commerce in Latin America

An interesting phenomenon is occurring in Latin America: the rise of mobile commerce.…

Tips for Succession Planning - it is never too early to start

When comes to deciding on the future of your business, undoubtedly the biggest decision you will ever make is when to sell and who to sell it to.…

Indian economy reactivated under new government headed by Narendra Modi

The ascension of Narendra Modi to the post of Prime Minister is an unequivocal endorsement of a changing India and brings hope for structural reforms…

View more >

latest deals

Darussalam Assets Sdn Bhd

Financial and commercial advisory engagement to assist Darussalam Assets (a wholly owned company of the Ministry of Finance) in restructuring and consolidating its portfolio of…

Unicon Group - Norwegian Tech

Unicon group has taken a 50% stake in the Norwegian company Breivoll Inspection Technologies AS located in northern Norway in Tromso. This company has the…

Plurel B.V. - Project Locomotive

Dekra Netherlands Holding B.V., a subsidiary of Dekra e.V. (Germany), acquired Plurel B.V.

Necotrans - €121 debt-financing

Necotrans, the €1bn Revenues French Group specialized in logistics activities in Africa raised €121M debts in a club deal involving 8 banks and a long-term…

Expobank - Foreign Affair

Expobank, bought out the Czech subsidiary of LBBW (Landes Bank Baden Wurtemburg) in Prague and the other parts of the Czech Republic.

ADF - Sponsorless MBO

Capitalmind advised the full exit of Edmond de Rothschild Investment Partners in Groupe ADF (leading French industrial maintenance services provider), through a sponsorless MBO supported…

Instituut Pica - Pica

Capitalmind were the sole advisor to Estro Groep, one of the leading providers of childcare services in the Netherlands, in their sale of Instituut Pica…

Traffic4U

Capitalmind were the sole advisor to Traffic4U and bGenius in their sale to IPG Mediabrands, owned by US based Interpublic Group.

Electricity Generating Public Co. Ltd. - Sirius

Served as financial advisor in formulating the structure and execution of the acquisition of a 20% stake in a foreign entity.

MASMOVIL IBERCOM, S.A.

MASMOVIL IBERCOM has issued capital for a total amount of €25m to finance its strategic plan, based on both organic growth and some selective acquisitions.

This…

Advanced Lighting Technologies

Headwaters advised Advanced Lighting Technologies (ADLT), a Solon, OH-based manufacturer of energy efficient lighting materials and finished products, on the sale of its Santa Rosa,…

ASP4all Bitbrains - Sale to Vitruvian

British Private Equity investor Vitruvian has made a strategic investment in the recently merged ASP4all Bitbrains Group. The investment by Vitruvian helps to accelerate the…

Lapmaster Group Holdings LLC

Headwaters advised Lapmaster Group Holdings LLC, a leading supplier of micron level precision single-sided surface finishing equipment for lapping, polishing, grinding, and honing, on its…

Ceva Animal Health

Capitalmind advised Sofiprotéol in its participation to the reshaping of Ceva Santé Animale capital structure through a new round of financing (the group’s 4th LBO).…

Grupo Clinor

NORGESTION advised Grupo Clinor on their disposal of Serlimat Espaňola, their cleaning business covering specific geographical areas such as Central Spain, Northern Spain and…

View more >