Agathos acquires Cargostore Friday, December 16th, 2016
Agathos Management LLP has taken a majority shareholding in global shipping container provider, Cargostore Worldwide Trading Limited.
Founded in 1993, London-based Cargostore is one of the world’s leading suppliers and operators of a fleet of container equipment to a diversity of global user markets. As well as supplying ISO9001 dry and refrigerated containers for sale and hire globally to customers with complex or hard to service requirements, Cargostore has a large range of specialist DNV rated offshore containers to service the offshore energy sector
The acquisition and restructure of Cargostore Worldwide Trading Limited was a highly complex deal, involving 5 different banks financing the containers, complex lease agreements and multiple counterparties. Between the various advisers, banks, lawyers and interested parties there were over 40 people directly involved in this complex deal, with many more no doubt helping in the background. We would particularly like to thank the team at Investec for their assistance.
Albert Farrant led the deal for Agathos, with assistance from lead analyst Daniel Knight, Vicki Conway, Lyndsey Harding, Jim Bastin, Charles Richards and Simon Danielli, and overseen by Managing Partner William de Laszlo.
Albert Farrant, Investment Director for Agathos commented:
“We are very pleased to have been able to successfully execute a complex financial restructure in order to recapitalise Cargostore. This was a classic opportunity for Agathos where balance sheet challenges as well as some turbulence in its core markets was constraining a business with strong underlying fundamentals and strategic value. Removing the balance sheet constraints should allow Cargostore to service its customers more effectively and achieve stable growth for many years to come.”
Agathos are backing the incumbent management team to lead the business going forward, particuarly the Managing Director Justin Farrington Smith, Jacob Poot who runs the offshore division and Keith Beton, non-executive co-founder of the business. They will be joined by new Chairman Peter Williamson, a former partner at Better Capital and highly experienced chairman in businesses undergoing transformation or rapid growth.
Justin Farrington-Smith, MD of Cargostore said:
“In the face of challenging market conditions globally, Cargostore has continued to expand both in terms of new product and service development as well as its reach to new markets through geographical expansion of operations.
“The very welcome engagement of interest and subsequent investment in our business by Agathos has come at an opportune moment as we prepare to engage in a new term of further strategic growth over the next five years. Agathos’ belief and support brings enormous benefit also to our valued employees and customer base.
“We could not better Agathos as both stakeholder and investor in this company and I am delighted to be working with the team at Agathos.”
The incoming Chairman of Cargostore, Peter Williamson commented as follows on the deal:
“I am delighted to have the opportunity to work with Cargostore and Agathos to realise the undoubted potential of the excellent team at Cargostore.”
Cargostore specializes in the sale, rental, storage and distribution of containers, with services ranging from intermodal shipping to UK domestic market sales of used containers for personal or small business storage use. Cargostore is also one of the world’s fastest-growing specialist suppliers of DNV Offshore carrying units to the international energy sector.
The company maintains one of the largest ranges of container types available; in addition to standard dry cargo units, Cargostore offers pallet-wide, side and double-door units, open tops, flat racks, bulkers, ISO tanks and temperature-controlled refrigerated units.
If you are looking to rent or purchase a container please do get in touch with the team at Cargostore by calling 08008620388.
We look forward to working with management to help Cargostore achieve its full growth potential.
Vikoma and Koseq Announce International Cooperation Friday, June 24th, 2016
Vikoma are pleased to announce a new working partnership with Dutch based equipment provider Koseq.
This new partnership will combine the many years of experience held by both Vikoma and Koseq in equipment supply to the Oil Spill Industry.
The collaboration strengthens the range of solutions that Vikoma offer, and are now pleased to include the ViKoseq rigid sweep arm range.
This joining of forces will better serve the customer base by offering a wider more diverse selection of response equipment whilst upholding the Vikoma values of innovation, quality and reliability.
Both companies have many years of experience and a proven track record of providing high quality oil spill solutions.
Karen Lucas, Managing Director at Vikoma said “We are excited and looking forward to working closely with Koseq and see significant benefits to our customers from having a single source, one-stop-shop solution for their oil spill requirements. The teams at Vikoma and Koseq share common values and are committed to working together to supply quality solutions”.
Vikoma is a world leader in the design and manufacture of oil and chemical pollution system based on the Isle of Wight and founded by BP in 1967 after a major oil spill. From it’s UK offices, Vikoma’s experienced in house team offer a full service from design, to manufacture, commissioning and training with quality, reliability and innovation being core all solutions provided.
Koseq is known worldwide for the creation of the sweeping arms. Since 1968 when it made its first developments in dynamic oil recovery in 1968 in The Netherlands, Kosek had been leading the market of rigid sweeping arm Systems. Like Vikoma, Innovation, design and quality manufacture are key to its success.
For further information, please contact Managing Director Karen Lucas.
We did it – Tough Mudder 2016 Monday, May 9th, 2016
Agathos to invest in SMEs in Northern Ireland Thursday, March 17th, 2016
London-based private equity fund Agathos Management LLP, which invests in SMEs in complex situations, is now actively looking for opportunities to invest in SMEs in Northern Ireland.
The new Agathos venture will be run and managed by the former Ulster and Scotland rugby player, Simon Danielli who worked at Ballyculter Trading, a multi-faceted private investment company in Northern Ireland, working across all areas of the life-cycle of alternative investments.
Agathos typically invests between £500,000K to £7million in small to medium sized enterprises (SMEs) across a range of sectors. Agathos is now expanding into Ireland, north and south, and is actively seeking investment opportunities to partner with management teams and create value and long-term growth in SMEs.
Simon Danielli, Agathos’ investment advisor in NI, commented: “I’m excited about this new role and the timing is perfect. The economy over here is showing signs of growth and there are an increasing number of businesses looking for support to grow. I’m now leading the Agathos effort to source both individual investment opportunities as well as acquisition opportunities for the Agathos portfolio.”
“In my last role I identified emerging investment opportunities and the plan is to put that to use here in Northern Ireland and in the Republic. There are occasions when an SME is on the verge of growth and may need a capital investment and strategic and operational support. It is important to get that timing and partnership right and that is the service we now aim provide locally.”
William de Laszlo, Agathos Founding Partner, said: “Simon is welcome addition to our growing team. We strongly believe in investing in the right businesses, in the right way and at the right time and Simon is going to spearhead our strategic efforts into Ireland with the full backing of the team in London.”
Simon previously played professional rugby with Bath and Ulster and international Rugby for Scotland, being capped 32 times, including playing in 2 world cups, most recently in New Zealand in 2011. He regularly provides analysis and commentary on rugby for BBC Radio Ulster.
Vikoma Winter Newsletter Thursday, March 10th, 2016
Over the past few months, since the management buy out, Vikoma have made some substan al progress into new projects, successfully completed several new ventures and have con nued to provide an outstanding level of service to customers around the world. It’s the start of a new year with some strong opportunities ahead.
Download the Vikoma Newsletter Winter
Download the Vikoma Newsletter Winter
Agathos backs Vikoma in management buy-out Thursday, February 11th, 2016
Agathos Management LLP has backed the senior management of Vikoma International Limited in a management buyout.
Based on the Isle of Wight and founded by BP in 1967 after a major oil spill, Vikoma International is a world leader in the design and manufacture of oil and chemical pollution control systems.
The Agathos team will provide financial, strategic and operational support to the Vikoma management team, comprised of: Sales Director Paul Rayner, Operations Director Mark Wheeler, Engineering Director Neil Plater, Finance Manager Martin Hammond and Quality and Technical Manager Gary Barnes.
The Vikoma management team have 90 years of collective industry experience and will be led by Managing Director Karen Lucas and incoming Chairman Paul Herbert who was previously MD of Vikoma between 2005 – 2006.
Karen Lucas, MD of Vikoma said: “This deal marks a new beginning for our business. This will enable us to create a solid platform from which to grow and continue to deliver the product innovation, reliability and quality of service which are synonymous with our brand.”
Chairman Paul Herbert of Vikoma said: “The new investment from Agathos, together with their experience in working with businesses to deliver long-term business growth, will enable us to drive forward in a rapidly changing global market.”
William de Laszlo, Agathos Founding Partner, said: “We are excited to have the opportunity to back a business with a proud history right at the forefront of pollution control. The management team are be ideally placed to fully capitalise on future growth opportunities.”
Agathos gets creative Monday, November 16th, 2015
Agathos, the London-based Private Equity firm has invested in EAT Communications to help fund the acquisition of a property marketing agency.
With the financial backing, EAT Communications has extended its portfolio of companies which includes Inhabit, a creative marketing agency with the acquisition of AP Marketing.
AP Marketing is a London-based creative marketing agency which delivers creative marketing campaigns and one-off solutions for clients in the property arena. Inhabit, with offices in London and Uckfield, is a strategic brand and communications agency for clients in the technology and built environment.
Alan Vine, AP’s Marketing Director, commented, “The Agathos investment has enabled us to spearhead a new beginning for two firms. Knitting the two together means we can offer a broader specialist set of creative marketing services to our property clients wanting creative fire power and innovative thinking across their brand strategy and creative design work.”
“Agathos has helped us unlock a new growth opportunity. EAT Communications’ Managing Director Joanna Allen commented, “We’re looking to grow our portfolio organically and through acquisition. We look for companies which are not just good at what they do but those that are a good fit and deepen our skills and capabilities across key sectors.”
Agathos Founding Partner, William De Laszlo added: “We’ve seen first-hand the creativity of the two firms and as such bringing the two together creates perfect synergy. AP Marketing’s clients will now benefit from Inhabits’ extensive experience in brand strategy, exhibition and event management, digital marketing, content creation and PR.”
AP Marketing has recently completed exciting branding and marketing campaigns for Investream, Legal and General, Galliard Homes, Clearbell, Eskmuir Securities, Kames Capital, Goldacre Ventures and Wrenbridge.
Agathos backs branded merchandise business Tuesday, September 29th, 2015
Founded over 20 years ago, Dukes of London is a premium-brand promotional-merchandise company that provides goods and services to blue-chip corporations and public bodies worldwide, with offices in London and Mainland China, and partners in USA, India and Australia.
Dukes of London provides branded clothing, gifts, product innovations and highly creative ideas that help businesses promote their brands. By sourcing globally, Dukes offers its clients an unrivalled range of products, bespoke items and competitive pricing.
Douglas Grays, Dukes’ CEO, will continue to lead the business and drive the growth of both the UK and Asian operations with the support of Stuart Shepherd, Sales Director.
The Agathos team will provide financial, strategic and operational support to the Dukes management team. Ray Peck will join as Chairman. Ray brings 29 years of senior-management experience in UK and European office products, print management and marketing services.
Ray Peck commented: “The investment will provide a firm foundation from which to grow. The move cements Dukes as a strong, thriving business and will facilitate further development of the group’s global customer base.”
Douglas Grays added: “We are delighted to have Agathos on board. Through our established bases in London and Asia, and our connections with partners in North America, we manage a number of significant global contracts. With the Agathos team’s specialist skills, resources and finance, we will be able to take the company to the next stage of growth and development. We are excited about the future and the opportunity for potential complementary acquisitions.”
William de Laszlo, Agathos Founding Partner, said: “Dukes has built an exceptional reputation for delivering valuable expertise and merchandise to some of the world’s leading companies and we share their entrepreneurial vision for the business’s future.”
The opportunity to invest in Dukes was introduced to Agathos by Aqvvs Capital an independent UK-based firm that sources alternative investment and funding solutions for established businesses.