The merger of Prospects Group 2011 Limited into Shaw Trust Limited by way of an offer by Shaw Trust to the shareholders of Prospects Group. Prospects Group is a £80 million turnover provider of skills, education, care and support operating across the UK in a wide variety of sectors, from children’s services and justice to education and employment and skills. It is also a leading provider of careers services for young people and adults in England. Bristol-based Shaw Trust, which has turnover of £130 million, is a national charity working to create brighter futures for the people and communities it serves. It provides employment services, skills development training and health and wellbeing support to 50,000 people across the UK each year.
Acting as independent financial adviser, we advised the board of Prospects Group on the terms of the offer from Shaw Trust. The document containing the offer to Prospects Group shareholders was produced in accordance with article 64 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 under which the board of Prospects Group was required to obtain independent advice on the financial implications of the offer and publish that advice to shareholders in the offer document.
WHAT OUR CLIENT SAID:
‘The Cattaneo team demonstrated a thorough understanding of the regulatory framework under which we were required to operate and their experience resulted in a very smooth process for us. I was impressed by their pragmatic approach and can-do attitude.’
Kevin Beerling, Group Finance Director, Prospects Group 2011 Limited