Restructuring and re-financing of Holloway White Allom

Holloway White Allom ("HWA") is the upmarket construction firm specialising in refurbishing, restoring and constructing prestigious properties. The business has grown significantly and now has a turnover of over £70 million.

Smith & Williamson originally advised the company on its management buy-out (MBO) from John Laing plc in November 2002.

It subsequently advised HWA on its acquisition of Angus Gibson Music Limited in October 2004, introducing the company to Matrix Private Equity. The recent restructuring utilised a £5 million cash surplus together with a refinancing of £12 million via a debt package from Lloyds TSB. David Roper of Smith & Williamson commented: "We have thoroughly enjoyed working with HWA throughout its lifecycle. From the company's original MBO, its acquisitions, its private equity investment and the restructuring, we have appreciated being part of this company's success story." Bob Cole, Managing Director of HWA, added: "The team at Smith & Williamson has provided invaluable advice throughout our relationship. We look forward to continuing to work with them". 

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Note to editors

Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Bristol, Dublin, Glasgow, Guildford, Maidstone, Salisbury, Southampton and Worcester. 

Smith & Williamson Limited

Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms. 

Smith & Williamson Corporate Finance Limited

A member of M&A International Inc. Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange.