PE equity funds Headway Capital, Committed Advisors support spin-off of Loudwater

By Rizza Sta. Ana

Sep 06, 2013 01:16 PM EDT

Private equity firms Headway Capital Partners and Committed Advisors would be backing Loudwater Trust's spin-off of its portfolio of companies. Loudwater Trust said in a statement, the spin-off was worth GBP10.5 million and would wind up after the appointment of a liquidator.

The deal was said to be called a "stapled deal". A stapled deal is when a secondary fund manager would lend suppoer to teams or companies that choose to spin out from larger organizations or companies. Industry pundits have said that these types of deals were common before a crisis.

However, Headway, which is based in London, and secondaries investor Committed Advisors would be acting as investors in a new private fund that would still be managed by Loudwater Investment Partners.

The new fund would hold six companies. The companies would include Antenova, a Cambridge, UK-based provider of miniature radio antennae; Engine Group, a London-based advertising and communications business; and Corero Network Security, a Boston-based network security company.

Lead advisers to Loudwater Investment Partners would be MJ Hudson, along with Berwin Leighton Paisner, which would represent Loudwater Trust. 

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