Немного о Симоне Оранже
A MANCHESTER business headed by the brother of Take That star Jason Orange is targeting revenues of £100m this year as it steps up its takeover spree. Simon Orange's acquisition vehicle Corpacq has completed its fifth deal in under two years with a swoop across the Pennines.
Following the buyout of Wakefield-based Filtermech Plant Sales, the group has turnover of £30m and employs 320 staff.
Corpacq, which operates from offices in The Chancery, Spring Gardens, has six more buyouts in the pipeline, said 40-year-old Mr Orange.
He established Corpacq in July 2006 with backing from private investors and bank funding.
Its first deal came in November of that year when it bought Leigh-based windows and doors manufacturer Regency Glass, a £6m-turnover company with 80 staff.
During 2007, Corpacq swooped for Metcalfe Plant Hire, of Penrith, Cumbria, which has 100 employees and sales of £10m.
Then it acquired Automate UK, a Leicestershire business which makes automatic entry systems for clients such as fast food chains KFC and McDonalds. Automate has 20 staff and sales of £2m.
That was followed by an investment in Manchester debt management business Chase Saunders Zengo, which has 40 staff and turnover of £2m.
Simon said Corpacq could complete several more deals before capital gains tax changes come into force in April.
"We are in a position to move quite quickly," he said.
As chairman he has assembled a management team which includes Gary Black, who previously worked at Manchester law firm Berg Legal, and ex-Nestle executive David Martin.
"Our targets are successful owner-managed firms or divisions of larger or public companies, with established management teams to whom we can offer support to grow their businesses.
"It is not our intention to come in and reorganise these firms - they are already well-run by people with years of experience in their sectors. That has made it easier for the shareholders to walk away, knowing the existing management teams will continue.
"Some vendors have even become investors in Corpacq.
"We are building groups in plant hire and sales, building services and engineering and one of the options is to float one or more of those in due course, probably in one to three years' time."
Mr Orange added: "But we would want to retain ownership - we are buying firms to keep them and help take them to the next level."
http://menmedia.co.uk/manches....r_spree
И там ещё по ссылке фоты!
