Lynwood Group Holdings

Allied Powers were pleased to orchestrate the re-organisation and sale of the Lynwood Products business

Founded in 1980, and based in North East England, the Company was one of the largest UK manufacturers and importers of decorating products and plastic wares. The Company manufactured a vast range of products for decorating, DIY and general use. Their product is designed to provide a good quality result at a sensible price point. This was achieved by producing the majority of their products by recycling low cost plastic waste.

Lynwood Products also provided many household names with their own branded products, as well as providing a comprehensive array of its own label DIY brands. 

                       

The Company supplied a wide range of products including:

- Paint Rollers
- Paint Brushes
- Decorating Accessories
- DIY Tools
- A Comprehensive range of Buckets and Containers
- Custom built and private label products
- Contract Mouldings

Allied Powers organised the Company’s affairs and sold the business and assets to LG Harris who are the leading supplier of these products in the UK.

Land Energy

Allied Powers helped Land Energy acquire its first wood pellet plant in Wales in 2008 and then worked with the business and Foresight Venture Capital to develop this business until it was sold in 2011.

investment, in the development of the full strategy of the business, we are developing our full Combined Heat and Power plants, the first being based in Girvan, Scotland.

Additionally, the company has expanded its heat and power business by financing, installing and operating wood pellet fired boiler systems on an ‘Energy Supply Company’ (ESCO) basis where traditionally, oil or gas was used.
Land Energy manufactures low carbon, premium quality wood pellets in their own production plant in Girvan, Scotland, from virgin feedstock sourced from UK sustainable forests. This combined with our long term feedstock contracts, ensures a constant and reliable source of biomass fuel for the ESCO systems that we install.

Micrologic

ARM Acquires Micrologic

ARM purchased Micrologic Solutions Limited, a Cambridge based 25 person software solutions house, which provides software and hardware development services and systems consultancy for telecommunications, embedded control, digital protocols and real-time instrumentation applications.

"We have worked with ARM on a number of projects over the last few years, so I am confident there is a very close fit in cultures," said John Halfpenny, Chief Executive Officer, Micrologic. "Our people have always enjoyed being involved in demanding projects and with ARM at the centre of so many exciting developments, we are all looking forward to the challenge."

Micrologic is a private limited company, with revenues of £1.4 million in the year ended 30 April 1999. The consideration for the business is £1.1 million cash, with additional performance related bonuses.

Allied Powers were representing Micrologic in this transaction.

3i Group

John Elsden has worked with 3i on a number of their early stage investments helping to realise value and improving their future potential.

John was a member of the Independent Directors Program and in this role joined the board of a number of companies as Non-Executive Chairman to help them develop their business.

Adaptive

Launch of Adaptive Inc. consolidates executive consulting services with best of breed enabling technology.

Business Analysis International (BAI) and Interregnum PLC announced today that they have joined forces to create Adaptive Inc. 

Interregnum is a leading UK IT investment and advisory firm, specializing in supporting the technology sector.

BAI is a premier provider of executive consulting services and enabling toolkits aimed at helping organizations manage complex change initiatives.

Adaptive secured further funding and a new management team led by newly appointed C.E.O., Colin Fox .

"This is a great time to be joining Adaptive, the work done to date by the team is remarkable and the reputation they hold with their customers is enviable. I am really looking forward to driving things forward to the next level."

As a developer of repositories and repository tools, Adaptive specialises in helping global businesses to remain agile and respond faster to market changes, whilst reducing costs and minimising risk.

These results are achieved through the rapid implementation and deployment of Enterprise Repository Solutions to address common business problems.

 

3i supports MBO from the Abbey Bank

In November 1997 3i Thames Valley, along with Interregnum Venture Marketing, launched the StepITup initiative to back emerging IT businesses, and in March the first investment to be made under the new initiative was the £350,000 start-up of Adaptive Solutions for Business in conjunction with Allied Powers.

The Ringwood based company has originated from a spin-out from Abbey National and has been formed specially to exploit new advanced technology developed by its management team, led by Dick Powell, during their time with Abbey National's OD department. The company has now moved to Bournemouth and opened offices in the US following another funding round supported by Abbey and 3i.

The software - The Adaptive Framework - enables businesses to have a fully integrated approach to managing people, systems and processes. Operating in a market worth £94 million in the UK and forecast to grow 30 per cent each year, Adaptive Solutions will target UK financial services organisations. The funding through the StepITup initiative enables it to concentrate on product, marketing and people development, before the roll-out in 1998, and has also enabled the company to arrange strategic support, including the introduction of John Elsden as part-time Chairman and Samit Khosla as Non-Executive Director. This support has been essential to the company's future as Dick Powell explained: "It means that we now have the necessary management skills in place, sufficient funding to support development, and commercialisation of our innovative products."

Steven Clarke of 3i explained the new investment opportunity: "The StepITup initiative is deliberately titled as it puts companies on the first rung of the ladder and offers support to go higher. The investment in Adaptive Solutions represents an ideal seed capital opportunity, matching a strong technical team, who have developed an innovative product, with additional executive support, which together with the financial support offered by the initiative goes some way in removing the barriers to growth often faced by emerging businesses and ensures that Adaptive Solutions' products are translated from early stage development to commercial success.”

The company acquired the name Adaptive Inc for the US operations and has now rebranded in the UK to Adaptive, giving a strong and consistent image on a world wide basis. Currently the products appeal to the larger financial institutions although there are a number of products being released based on the repository software that will appeal to the medium size businesses.

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