Deal Diary

Welcome to Acquisition International’s Deal Diary, the place where we showcase exciting deals from across the globe. With each diary entry, we’ll be taking a comprehensive look at the inner workings of the deal in question and will be venturing behind the scenes to take a look at the dedicated professionals involved in ensuring its success.

Here you will discover the most active deal makers and a comprehensive catalogue of the transactions they have been involved with.

Tier 1: The Website - Go live worldwide within 24 hours!

Within 24 hours of booking, we'll upload your deal and company profile - including contact details and links to your homepage - right here on our site, putting you and your firm in front of
40,000 visitors every month!

You will, of course, get a full company bio, including your contact details and fully clickable links direct to your website, and to make sure the people who matter will be able to find every deal you and your firm have been involved in at the click of a button, all of the deals posted on the Deal Diary site are incredibly easy to search by firm name, individual name, sector or region. We even have an automatically updated deal leaderboard (right). 

Tier 2: The Newsletter - Direct to 108,000 subscribers!

Your involvement in the deal will be featured on our weekly Deal Round-Up newsletter,  published via email every Thursday to a global audience of  108,000. Your deal write-up will also include hyperlinked images and logos, taking readers straight to your homepage. That’s a potential 108,000 clicks every month!

Tier 3: The Publication - Sent to 108,000 people in 170 countries!

The deal and your involvement will appear in the Deal Diary section of our monthly magazine, distributed to 108,000 people in 170 countries around the world. This is where you can tell us all about the deal and how you made it happen, providing the perfect opportunity to shout about your firm’s experience, expertise and the great work you’ve been doing.

GO

Shakespeare Martineau Advise on RCapital Investment's in Summit and Hotelcare
August 27, 2015
Trowers & Hamlin Advise on Cygnet Healthcare Acquisition of Alpha Hospitals
August 27, 2015
Sparebanken Hedmark Advise on Procuritas Capital Investors Investment in Daldata
August 27, 2015
Allen & Overy Advise on AMP Capital & 3i Infrastructure's Acquisition of Esvagt
August 27, 2015
Grant Thornton UK LLP Advise on Safestay's Acquisition of Smart City Hostel
August 27, 2015
Trigon Advise on Public Consulting Group's Acquisition of Librus from Oresa Ventures
August 27, 2015

Grant Thornton UK LLP Advise on Safestay's Acquisition of Smart City Hostel

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Image

London Aim-listed budget hotel player Safestay has signed on the dotted line to take over Smart City Hostel, an Edinburgh-based hostel operator.

The firm announced the plans alongside a GBP 9.34 million placing and open offer.

Under the terms of the acquisition, Safestay will pay GBP 14.90 million for Smart City Hostel, which runs a 132 room, 615 bed property in Edinburgh.

As a result of the deal, the buyer will increase its peak summer season bed numbers to more than 1,500, while it will have 1,200 available thoughout the rest of the year.

The acquisition, which constitutes a reverse takeover under Aim rules, is to be financed using a GBP 8.50 million debt facility and the balance will contribute towards its working capital.

Commenting on the decision to acquire in the Scottish capital, Safestay’s chairman, Larry Lipman, said the city has been a target since the business was originally launched due to its popularity with tourists.

He added that the move is in line with the group’s plan to build a Europe-wide network.

Safestay’s shares have been suspended from trading but recommenced this morning in connection with the new announcement.

Smart City Hostel posted revenue of about GBP 2.70 million for the year to 31st December 2014, while adjusted earnings before interest, taxes, depreciation and amortisation for the period totalled GBP 1.00 million, according to the buyer’s press release.

The firm is not Safestay’s only acquisition of 2015; last month it signed a letter of intent to pick up special purpose acquisition vehicle Milan SPV for EUR 9.00 million on a debt and cash free basis.

It simultaneously unveiled plans to purchase an undisclosed, but larger, hostel and accommodation scheme in the UK in a reverse takeover.

Ashurst Advise During Omers's acquisition of Environmental Resources Management
August 20, 2015
CMS Advise During Echo BV’s Acquisition of a Stake in Echo Investment
August 20, 2015
Baker & McKenzie Advise During Walmark's Acquisition of Pneumolan
August 20, 2015
JAC's Acquisition of NXP RF Power Business
August 20, 2015
Grant Thornton Advise Four Communications investment from BGF
August 20, 2015
Allen & Overy Advise During HIG European Capital Partners' Acquisition of Centros Unico
August 20, 2015
Taylor Wessing Advises THMMS's Acquisition of EliteMedianet
August 13, 2015
DLA Piper Advises Oakley Capital on Acquisition of Shares in Daisy
August 13, 2015
Skadden Advises NFP Acquisition of BWD
August 13, 2015
Aberdeen Asset Management Acquisition of Arden Asset Management
August 13, 2015
Milbank Advises ProSiebenSat.1 on Acquisition of Verivox from Oakley Capital
August 13, 2015
Gunner Cooke Advises on Statesman Travel Acquisition of Greaves Travel
August 13, 2015
McDermott Will & Emery Advises Biota's Acquisition of Anaconda Pharma
August 6, 2015
JP Morgan Advises Opko's Acquisition of Bio-Reference Laboratorie
August 6, 2015
MORE...
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