DC Consulting acted as the Corporate Finance adviser to a Specialist Coatings business which was recently sold to a Coventry based PLC.
March 2012
Category: 2012
Deal Initiator & CF Adviser to Leisure Group
DC Consulting, performing the role of deal initiator and corporate finance adviser to a Leisure Group, announced the completion of the acquisition of 8 leisure outlets in a transaction backed by London-based VC.
February 2012
Funding Secured for Intelligent Well Controls Limited
Intelligent Well Controls has recently secured an undisclosed investment from Energy Ventures as lead investor.
IWC has developed an innovative through-bore method for mud pulse/pressure pulse communication from MWD/LWP to surface, which will significantly improve the efficiency of the mud-pulse system.
DC Consulting successfully assisted the company in all aspects of the investment process, specifically assisting with business planning and financial projections, tax planning whilst also assisting with project management of the deal completion.
Debt Facilities of £0.9m Secured
DC Consulting secured debt facilities of £540,000 to enable its client in the oil and gas services sector to acquire new commercial premises, in order to position itself for future growth. Based on this springboard, DC Consulting then secured an invoice finance line of £400,000 to provide sufficient working capital for the business as it grows over the next 2-3 years.
January 2012
“Point and Shoot” Mobile Commerce Provider Mobile Acuity Secures Funding – Significant investment to fund growth in U.S. and East Asian markets
Edinburgh, UK 24 January 2012: Mobile Acuity, a leading technology company enabling interactive brand marketing campaigns using its Visual Interactivity™ platform, today announces that it has secured a significant equity investment to expand the company’s operations into the U.S. and East Asian markets.
The investment comes from bieMEDIA, a U.S.-based online marketing and media solutions company, and Scottish-based business angel network fronted by Steven Morris and the University of Edinburgh. This transaction quickly follows Mobile Acuity’s announcement that leading global retailer Tesco PLC is deploying its technologies, which includes a trial of mobile visual search, the company’s revolutionary image-based search application that enables “point and shoot” mobile commerce (m-commerce).
The use of “Point and Shoot” is the latest in mobile marketing and m-commerce. Unlike QR Codes or other image-capture search technologies that have limitations for real engagement, point and shoot m-commerce gives consumers convenience and flexibility. With Mobile Acuity, consumers can point a Smartphone at a product or image of a product in an advertisement, shoot a picture and receive all the information, and even make purchases, anytime and anywhere.
Chris Wade, Executive Chairman at Mobile Acuity comments: “This round is particularly exciting for our company and our shareholders as it allows our company to expand into the U.S. market with a key strategic sales distribution partner whilst simultaneously diversifying our award-winning mobile visual search technologies into other vertical markets.” Wade continues: “Importantly, the inward investment into the Scottish economy will also allow us to continue to grow and invest in local skills and resources.”
Jon Barocas, CEO at bieMEDIA commented: “Our strategic investment in Mobile Acuity demonstrates our commitment to revolutionizing the way our clients and consumers interact by offering compelling web, video and mobile commerce experiences and opportunities.”
About bieMEDIA
For the past 20 years, bieMEDIA has revolutionized its client’s brands online. Headquartered in Denver, Colorado, with offices in New York and Paris, the online marketing and media solutions company is a single-source partner for the delivery of every online marketing solution necessary for businesses to be successful in today’s rapidly evolving digital landscape. With its full suite of turn-key solutions for video, web and mobile production, distribution, hosting/CDN, video platform technology, metrics and performance analytics, website creation, mobile websites, social forum profile fulfillments and account management system solutions, bieMEDIA is continuously innovating and driving real engagement opportunities and maximum impact for its clients. For more information, visit www.biemedia.com.
About Steven Morris
Steven Morris is a successful technology innovator, strategist and business leader having driven innovative ideas from inception to commercialisation on multiple occasions. As a founder of profitable high-growth technology development and manufacturing businesses he has delivered technology, raised funds, grown businesses and achieved successful exits for investors. As an experienced executive he has operated as CEO, CMO & COO, in both early stage and medium sized companies. In these roles he has managed the transition, divesting and restructuring following acquisition. His internationally proven leadership and innovation spans cutting-edge research, development and commercialisation. These leadership qualities are combined with his capabilities to protect, generate and manage IP to maximise retained value within the business.
About Mobile Acuity
Mobile Acuity is a technology company enabling Mobile Visual Search applications for retailers and interactive campaigns using Visual Interactivity™ for brands and agencies. Working with leading digital agencies across Europe and North America, Mobile Acuity has used its mobile visual search technology to create engaging and award winning mobile applications for brands including Disney, Nike, Adidas, Pepsi, Lynx and Vodafone. The company also licenses its mobile visual search platform to customers such as leading mobile price comparison company Scope and leading digital media delivery company 7Digital, enabling them to add visual search capabilities to their own products.
For more information visit www.mobileacuity.com