Instant Fire Protection

Meta Corporate Finance has today completed a complex transaction representing a cornerstone investment for the Peverel Group to enhance its existing Cirrus Fire Protection and Building Services Business.

Meta has acted for some time for the shareholders of Instant Fire Protection "IFP" through a period of rapid growth of the business. Chris Richardson and Ernie Berntsen, the shareholders of IFP, were delighted to crystallise significant value in the business and liquidate other property assets held within the Company.

Richard Ward who led the transaction for Peverel said “This was a well managed transaction and thanks to the IFP advisory team we can now move rapidly to further our acquisition programme and expand Peverel’s Cirrus Business into further buildings services areas”.

Mark Ledger-Beadell, Managing Director of Meta, led a team including Richard Price and Lesley Carrington, the Company’s accounting and tax advisers, and James Beatton and Nick Austen from Vertex Law LLP.

The Peverel group is the leading provider of property management services managing over 100,000 separate units. Peverel has particular expertise in managing retirement properties but also provides a range of other related services. In May of this year the Peverel Group was acquired by Euro Investments Overseas Limited a wholly owned subsidiary of the Tchenguiz family trust. Consensus Business Group advised on the transaction. As a part of the Consensus Group which has extensive property interests the Peverel group is well placed to expand its operations and the acquisition of IFP is part of that process.

 

Advisers for Company Shareholders

• Corporate Finance: Mark Ledger-Beadell, Meta Corporate Finance
• James Beatton & Nick Austen of Vertex Law LLP

 

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