June 2005: Advisors to the Board of Providence Resources during AIM listing
Providence Resources is an oil exploration and development company, with a portfolion including interests in Ireland, UK and Nigeria. The compnay recently listed on AIM. CFI acted as advisors to the Board.
April 2005: Advisors to the Board of Arcon during $123m acquisition by Lundin
Rockall Technologies Ltd., a banking software company, recently secured a major contract in the US with Wachovia Bank, worth ~$1m. CFI advised the company on raising appropriate working capital through the Business Expansion Scheme to both fufill the project and capitalise on it through further sales activity in the US. Arcon International Resources, owers of the Galmoy zinc mine in Ireland, were recently acquired by Lundin Mining, a Canadian mining company with primary assets in Sweden. The offer totalled in excess of $123m for Arcon shareholders. CFI acted as advisors to the Arcon Board during the process.
January 2005: Advisors to Rockall in €300k BES fundraising
Rockall Technologies Ltd., a banking software company, recently secured a major contract in the US with Wachovia Bank, worth ~$1m. CFI advised the company on raising appropriate working capital through the Business Expansion Scheme to both fufill the project and capitalise on it through further sales activity in the US.
November 2004: Advisors to Clearstream in €7m AIM fundraising
ClearStream is an innovative developer, manufacturer and supplier of medical devices, in particular catheter, stents and stent delivery systems that are used in the rapidly growing interventional surgery market (angioplasty). The company successfully raised €7m from UK investors to support primarily ongoing R&D. CFI acted as advisors to the company and existing shareholders.
January – October 2004: Advisors to Net2Cell during business development and subsequent sale to Clearwire Inc.
During the 8-month period, CFI worked closely with the company to develop the business plan, and establish funds required. Ultimately Net2Cell was sold to US company Clearwire Inc., and has now renamed Clearwire Ireland Ltd.
August 2004: Advisors to Clearstream in €2m interim fundraising round
CFI advised the management and existing shareholder in a €2m pre-float fundraising round. Funds came both from existing investors, and from new investors.
May 2004: Advisors to CNG Travel in €30m AIM fundraising
CNG Travel successfully floated on AIM, raising €30m in capital to support business and sales development, as we as acquisitions. CFI acted as advisors to the company and existing shareholders.
January 2004: Advisors to Net2Cell Ltd on seed funding and spectrum license acquisition
CFI worked closely with Net2Cell Ireland during the development of their business plan, raising seed finance, and the subsequent acquisition of spectrum licenses in the 3.4-3.6GHz band.
January 2004: Advisors to €1m BES fundraising for Tursillagh Windfarm extension
Commissioned in 2000, Tursillagh is a 15MW windfarm in Co. Kerry. CFI advised the Promoters in a €1m equity fundraising, under the Business Expansion Scheme, to support the addition of a further 6MW to the facility.
August 2003: Advisors to Epionet in €0.5m fundraising round
Based on the concepts of 'web services', Epionet developed a product, which provides end to end support for companies developing online business solutions. CFI acted as advisors to the Epionet shareholders in top up funding rounds. Investors were private individuals through the BES scheme and Enterprise Ireland.
July 2003: Advisors to the Management Team in Biotrin €14m MBO
Biotrin is a Dublin based company, which develops proprietary diagnostic tests for the virology and organ damage sectors. CFI advised the Biotrin Management Team in a €14m buyout from shareholders. Dr. Schmidt Biotech, a German private investment group, Enterprise Ireland and management provided the equity funding. Bank debt was provided by Anglo Irish Bank. Biotrin Group revenues for the financial year end were €7.7m, with profits before tax exceeding €1.5m.
April 2003: Advisors to Infocell Telecom on £2m equity fundraising from Royal Bank of Scotland
Infocell is a telecommunications company that has developed the specialist software to enable the rapid transmission of large quantities of data, digitally, over different wireless networks. CFI succeeded in securing €2m funding from Royal Bank of Scotland. The money will provide working capital to allow Infocell to expand to fulfil its growing order book.
March 2003: Acquisition of Land Machinery Limited
CFI advised the management in the above UK acquisition from the Dutton-Forshaw Group. This Devon based machinery supplier is one of the largest independent distributors in the UK. In addition to arranging acquisition finance, CFI also negotiated working capital facilities from Lloyds TSB Bank plc.
March 2003: IAM Agricultural Machinery Limited MBO
CFI assisted David Jones, the Managing Director of IAM Agricultural Machinery Limited, to acquire Ireland's largest agricultural machinery distributor. Bank facilities were arranged by CFI with Bank of Scotland (Ireland) Limited.
March 2003: Advisors to LeisureSpread management in €3m fundraising
Sports Spread is Ireland's only sports spread betting company. Founded in early 2000 the company offers its clients speculative opportunities on all of the major sporting events and financial markets by telephone and over the internet on its fully interactive website. CFI acted as advisors to the management in a €3m funding round managed through Merrion Corporate Finance and IIB.
February 2003: Advisors to Hostelworld
Advisors to management on securing bank finance
January 2003: Advisors to SsangYung UK
Corporate finance advisors to SYUK on the establishment of a business with the UK distribution rights to SsangYung cars in the UK.
2002: Data outsourcing company Management Buyout
CFI advised the management team in a c.€250 management buyout of data archival company Anacomp Ireland from Anacomp UK.
2002: €0.5m fundraising for software company
CFI advised the management team at Rockall Technologies on a €0.5m funding round. Equity was a combination of BES and ordinary equity.
2002: Sale of Data & Records Management to P&O
CFI advised the management on the €10m sale of Ireland's leading data and records management business to UK company, P&O.
2002: Management buyout from US parent
CFI advised the management team in a €4m buyout from US parent Angiodynamics Inc. to form Clearstream Technologies.
2002: Yorklands acquisition of Windsor Motors
CFI advised Yorklands on the acquisition of Windsor Motors, the largest car dealership in Ireland.