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.
“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.
I was delighted with the service that Cavendish offered and their real attention to detail. The deal was not without its complexities and it was reassuring to have Paul and his team assisting me throughout the negotiations.
Cavendish handled the transaction with elegance and efficiency. They were proactive, everything kept to time and we completed as planned, less than six weeks after agreeing the heads of terms.
We have thoroughly enjoyed working with the Cavendish team. Caroline, Andrew and Eimear offered us unstinting support and valuable advice throughout the transaction. They were instrumental in helping us achieve this result.
The team at Cavendish demonstrated their international reach and their tenacity to stick with the deal until it closed. They found the ideal owner… We are very excited at the new opportunities that we can now develop.
Cavendish Corporate Finance has been integral to the establishment of the New College of the Humanities, providing both valuable advice and managing a successful fundraising process that has enabled us to have a stellar founding shareholding group that provides not just capital but also experienced investors who will help NCH succeed and flourish.
Cavendish brought to the table extensive contacts in the venture capital industry and an understanding of how to present our investment case in the best light. All our business had been lacking was funding to achieve scale and with the capital secured from Balderton we are now empowered to bring about lasting change in the insurance industry and create significant value for all our shareholders along the way. We are delighted with the deal and with the invaluable help that Cavendish provided in obtaining it.
Thank you so much for the hard work you put into our sale. “We are delighted with the result both personally and for the company. We now have some work to do in maximising the benefits of the deal to both parties. Your support during the deal was excellent and helped us go through a process that was completely new to us. It seemed to go very smoothly and I know that much of that was due to your background work with Egis’s advisors. We also felt well supported on the detail of the final stages. “Many thanks once again to you both. It was a great time and a perfect outcome.
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