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History - Other Sectors

Prior to 1993, ASL advised clients in various sectors and at all stages. This included start-ups, refinancing, management buy-outs, management buy-ins, trade sales and identifying take-over targets.

  • Business Start-Ups
    Gleneagles Spring Waters was one of ASL's first business start-ups. Working closely with the founders, ASL secured a £6m equity placing for the company. Other business start-ups have included WAM Advertising in 1992 and Coltas in 1993.
  • Entrepreneurial Vision
    Derek Douglas provided the inspiration for Deep Sea World and was involved in the early phases of the business development. He successfully raised £4 million for the company to launch the project with the support of a major UK bank, venture capitalist, Fife Enterprise and the Scottish Tourist Board.
  • Management Buy-In and Buy-Outs
    In 1990, ASL advised the management buy-in team to acquire Sidney Smith & Sons (Stourbridge), the foundry business which had originally built George Stephenson's steam train, "the Rocket" in 1829. Then in 1993, ASL advised the MAWS Group, a producer of baby products, with a buy-in management buy-out. In the same year, ASL advised the management team to buy Picardy Television, a film editing and TV production company, out of receivership. ASL advised the management team in the management buy-out of Carlton Clubs, the UK's third largest bingo group, in 1998 and worked with the company to buy out the venture capitalist in January 2002.
  • Sale
    ASL was also involved in the sale of a BAA plc subsidiary, AES (Prestwick).


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