The Royal Berkshire Shooting School Group / Private investors
Cavendish Corporate Finance is pleased to have advised on the sale of the Royal Berkshire Shooting School Group (”RBSS”) including the Really Wild Clothing Company, to Alex Newman, a Chilean based Briton and a former senior executive at Antofagasta.
The shooting school was established in 1991 and since that time has been run by co-founder Dylan Williams supported by London based property entrepreneur and avid country sportsman Bryan Richmond-Dodd, who also retains a significant shareholding in the elite fishing brands of Farlows and Sportsfish. It is now recognised as the finest facility of its kind in the UK, and is unique in employing it own 8 full time professional instructors, with a combined experience of 125 years in the industry. The grounds boast over 150 traps replicating high pheasants, driven grouse and coveys of partridges. Over the past few years the school has hosted a number of high profile corporate days and has also help raise over £13 million for charity through fund raising events for such organisations such as Great Ormond Street Hospital.
The Really Wild Clothing Company was created by Natalie Lake in 2002 to appeal to women who enjoy country pursuits and want to be stylish yet practical. ‘County Clothing with City Style’ encapsules the ethos of the brand.
Jonathan Buxton, the Cavendish partner managed the sale exercise and led negotiations. The Group attracted interest from UK field sports enthusiasts and entrepreneurs who were familiar with the excellent reputation of the School, but notably significant overseas buyer interest was shown from parties who recognised the capacity to extend the brand to other areas of country pursuits and to overseas markets. Alex Newman was approached by Cavendish’s M&A International Alliance office in Chile, IB Partners SA, who immediately saw the attraction of the business and the skills of the team. Alex Newman now plans to increase the investment in RBSS and to seek complimentary acquisitions.
Dylan Williams and Natalie Lake will both be staying with the new owner. Dylan commented ”The team at Cavendish demonstrated their international reach and their tenacity to stick with the deal until it closed. They found the ideal owner in Alex. We are very excited at the new opportunities that we can now develop”.
Jonathan Buxton commented ”We are delighted to help secure a strong future for RBSS and to have found a buyer that is looking to harness the talents of the existing leadership team and who wants to build on both the reputation of the school and the unique focus of the clothing brand. The sale marks the fourth luxury goods mandate closed by Cavendish in 2010, following the sales of Smythson and Liberty, and the recent fundraising for Theo Fennell plc.
“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.”
“This deal represents a fantastic opportunity for our investors to support an established and well managed business with an excellent reputation in the facilities management sector. We are delighted with the debt financing package arranged by finnCap, which was a critical element to the completion of the transaction. We were extremely pleased with how the process was managed by the finnCap Debt Advisory Team, which provided us with optionality to select the most appropriate banking partner for CMS.”
I would thoroughly recommend Andrew and Rebecca and the Cavendish team to anyone looking to maximise the proceeds from a disposal or asset sale. The Cavendish team are both consummate professionals, focused on delivery and pragmatic and flexible in their approach to helping their clients achieve their objectives. I would not hesitate to recommend them and would hope to work with them on future projects. They provide great value.
“It was a great pleasure to work with the Cavendish team once again. Having successfully worked together on the sale of our Payroll business in 2018, Cavendish were our natural choice of advisors. The team demonstrated a deep understanding of the sector and provided sound and trusted advice throughout the process.
We are confident the business will continue to flourish under IRIS Software Group’s ownership, further developing and delivering our market-leading software to new markets, and we look forward to working together during this next chapter.”
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