Buying a business

Clarendon

Adviser to Clarendon on the acquisition of Circle Offices.

The deal

Our Corporate Finance team has advised the Directors of Clarendon Business Centres (Clarendon) on the acquisition of Circle Offices Limited and the associated debt raise to fund the purchase.

The team acted as lead and debt adviser and assisted Clarendon with the initial negotiations, deal structure and debt funding through HSBC, as well as project management through to completion.

Founded by the Cooper family in 1998, Clarendon now operates 32 serviced and managed offices across the South of England and London under the brands of Clarendon, Reflex Managed Offices (Reflex) and now Circle offices.

With award-winning business centres, Clarendon offers clients a wide-range of flexible working solutions, including fully serviced and managed offices, virtual offices and meeting room hire.

The company has delivered consistent growth over the years, and in particular over the past three years following new London office openings, and the acquisition of Reflex in 2015; a deal which the team also advised on.

“As a company, we continue to grow organically and by acquisition. Circle Offices adds to our London portfolio in the heart of the city’s financial district near Liverpool Street station. Following the acquisition of Reflex Managed Offices in 2015, we were under no hesitation to re-engage with the team to assist us through our latest acquisition. Once again, the team provided first-class support in all aspects of the deal from initial negotiations, deal structuring and securing credit approvals, through to handling all the banking legal documentation and now in their post-deal support. They are a team who consistently deliver and who work tirelessly on every detail of a transaction in order to ensure a successful completion for everyone involved.” Julian Cooper, Managing Director of Clarendon.

Deal summary

Sector:

Business Services

Deal type:

Acquisition, Debt Advisory

Deal size:

Undisclosed

Once again, the team provided first-class support in all aspects of the deal from initial negotiations, deal structuring and securing credit approvals, through to handling all the banking legal documentation and now in their post-deal support. Julian Cooper Managing Direcor of Clarendon

Related team

Clive Hatchard

Clive Hatchard

  • Partner
  • Corporate Finance
  • London West End, Reading

Richard Boyden

Richard Boyden

  • Director
  • Corporate Finance
  • Reading

Simon Sherliker

Simon Sherliker

  • Partner
  • Debt Advisory
  • London West End, Reading

Ian Milne

Ian Milne

  • Partner
  • Debt Advisory
  • London West End, Reading

Related deals

Technology, media & telecoms

FourNet

Adviser to the management team of FourNet on the MBO, backed by Palatine Private Equity.

Business services

ELAB

Adviser to ELAB, an environmental process safety company, on its sale to Cawood Scientific.

Technology, media & telecoms

FourNet

Adviser to Palatine Private Equity in their acquisition of FourNet.