First City Care / Tyco UK (part of Tyco International)
Cavendish Corporate Finance is pleased to announce that it has successfully advised on the sale of Amberwell Holdings Limited, the parent company of security solutions and safety equipment specialist First City Care to US multinational Tyco, the market leader in the £60 billion global fire protection and security solutions industries.
Established in 1986, First City Care’s security solutions include the installation of access control, video surveillance, intruder alarms as well as related services including global support and monitoring. It is one of the very few specialist companies able to undertake installations across all three security areas.
First City Care has an enviable track record of successfully installing systems in the UK, primarily in the City of London, in Singapore and other parts of the world. The firm has an excellent reputation for quality and superior workmanship and a very discerning client base, often having worked for its key clients since its foundation.
The company has a particular strength and expertise in Banking and Financial Services, where blue-chip clients include some of the world’s leading investment banks. It also draws clients from a broader range of sectors, including Property Services, Media, Law, Government, Pharmaceuticals and Professional Services.
First City Care, based in Welwyn Garden City, is around 100-strong, and has seen a significant increase it its annual revenues from £7.35 million in 2009 to an expected £15 million in 2012, an increase of over 108%, demonstrating the strength of its business focus and quality of delivery.
The Cavendish Corporate Finance team was led by Partner James Ellis.
The deal demonstrates the strength of the Cavendish team in Technology services and illustrates its sector knowledge and contact base, supported by its reputation for advisory and execution expertise.
“I could not be prouder to be joining the Otonomo team. This is a big, bold step that brings us closer to our vision of safer and smarter mobility for all. Our clients and partners, some of the leading insurers of the world, will have access to a significant and unique set of data products, tools and resources to help them compete and thrive in a connected new world ahead.
We really appreciated Cavendish’s excellent advice, their understanding of the business and getting the best outcome for the company by driving the process.”
Over the last 16 years, we’ve grown to become the biggest search firm in the world dedicated to executive search in sports and entertainment, working in partnership with brands and wonderful clients across more than 20 countries and in every major sports league. Today, we join with Excel, enhancing our ability to see our clients achieve their fullest potential both on and off the field.
The finnCap Cavendish team played a critical role in helping us to secure the right partner and home for our business. The team’s recruitment sector expertise and commitment throughout the deal was second to none, I would have no hesitation in recommending them to other business owners considering M&A.”
“I have loved working with Andrew, Ben and Hugh at Cavendish! Hamilton Fraser is more than just a company to me. For me to sell, any deal had to deliver value but also see the business find a great new home. Cavendish always listened and provided their advice on these points and how best to achieve what I was looking for. I am delighted to have found the perfect partner in GRP with their support.”
“We are delighted with the support received from the finnCap Cavendish team throughout this process. Mike and the team ensured that we prepared meticulously, identified the right pool of potential investors and worked closely with us, the management team and our legal advisers to deliver a great outcome for the Shareholders. We wish the Intelling team and RDCP all the best in their next phase of growth.”
“This transaction is a hugely important step in the company’s development, strongly positioning the business for its next phase of growth, allowing us to meet the growing need for secondary school students to learn in an independent, fluid and remote manner.”
“Cortland shares our core values and our customers focus, and their additional resources will help us accelerate our growth in the UK market.”
“Thank you to John and your fantastic team at FinnCap Cavendish for your unwavering support, dedication, work ethic and belief in Xexec’s mission. John, Mike and Sam were instrumental in bringing the deal to a successful completion and provided invaluable guidance throughout the process.
We look forward to our new partnership with the Castik and Abry teams who are the ideal partners as we continue to expand our business and pursue the next phase of our strategy.”
‘The finnCapCavendish team were great to work with, they took time to listen, properly understand our objectives and tailored the process to get a fantastic result for us. They really understood the value drivers in the ICT sector and had access to all the key buyers for our business, they were able to efficiently manage the sale process maintaining the great relationship we’d built we Adept as our preferred buyer.’
“Thank you to Jon, Steph and Chirag for their tireless efforts in recent months. Jon offered invaluable leadership and strategic advice, while Chirag and Steph provided diligent and supportive guidance throughout. They also behaved throughout as one would expect friends and confidants to act, which is very helpful in a confidential situation. We were delighted with the result and very, very pleased to have had the three of them as our team.”
“Cavendish has a great brand and great people, and from the moment the appointment was made, we knew we were in safe hands. The Cavendish team of Andrew, Steve and Paris delivered the right advice at all times. The strength of their international reach brought parties to the table including ZEDRA who we would never have found ourselves and who saw the potential in our business and our team. Cavendish controlled the process and the negotiations throughout. They also understood how we felt as founders to be selling a business we had built over 12 years. Many thanks once again to the Cavendish team – I would highly recommend them.”
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