Mishcon de Reya's Private Equity team has acted for Trimountain Partners in the closing of its continuation vehicle for ABCA Systems. Trimountain led the transaction in collaboration with investor partners including Ace & Company, Ardlussa Capital, Apera and Vorsprung.
The Private Equity team at Mishcon have advised Trimountain on several investments over the last few years, as it continues to focus on fast-growing companies in the broader business services, consumer and education sectors.
ABCA, headquartered in Newcastle, is one of the UK's preeminent fire, security and electrical services firms, serving a blue-chip client base that extends across numerous end-markets, including social housing, government, education, hospitality, healthcare and commercial. At the same time as the transaction, Mishcon led the acquisition by ABCA of RAAM Construction, a leading based provider of fire, security and electrical compliance services as well as advising ABCA on a new scalable debt financing facility from Apera.
The Mishcon de Reya team was led by Partner, Nadim Meer with support from Managing Associates Karine Bashardust and Liam Closey, Associates Beth Hitchcock and Tom Hurley and Trainees Meehir Patel and Kristin Au. Sarah Spurling, Laura Emmett and Jasmin Fergus-Aghamiri supported on the debt arrangements with John Skoulding and Stephen Elhabbal advising on Tax. Steven Haywood and Charlotte Wilson provided Regulatory advice. Margarita Elia, Adam McGlynn and Daniel Gray advised on Employment matters and Erika McIntyre, Christia Malaktou and Patrick Neall led the RAAM acquisition.
Nadim Meer, Head of the Private Equity group at Mishcon, commented: "Trimountain are a unique investor with a unique approach, founded on building deep and lasting partnerships with the businesses that they back as well as they advisers that they engage with. We are privileged to have been able to work on yet another deal with Trimountain and to support the impressive ABCA management team on what should be a transformational deal."
Ali Khanbhai, Managing Partner and Co-Founder at Trimountain Partners, commented: "This was a complex, multi-faceted transaction with a vast number of moving parts. Nadim and his team delivered for us yet again. We couldn't be happier with them".