Hayley is Centre of Attention
September 2005
James Lever of Livingstone has advised the Management Team of Hayley Conference Centres (‘Hayley’) on 3i’s investment of £40 million for a minority stake. The investment capitalises the business at over £180 million, replacing the current institutional shareholder, Legal & General Ventures, and supports the business for further growth.Hayley, headquartered in Milton Keynes, is one of the leading dedicated Conference Centre businesses in the UK. It has achieved market leading growth of 26% CAGR over the past 5 years by delivering a quality, bespoke service to its blue chip customer base from its 8 dedicated centres based in the Midlands, North West and Home Counties.
The Management Team includes the founder and chairman Alan English, chief executive officer Norman Bellone and sales director Jane Littlewood. Together they will be the majority shareholders of the business.
The business intends to invest over £80 million over the next 4 years to continue its organic UK expansion and export its winning formula to mainland Europe. In addition, Hayley is uniquely positioned as a key market consolidator.
James Lever of Livingstone comments: “We have built a very strong relationship with the Management Team since originally advising on the sale of a minority stake in the business to Legal & General Ventures in 2000. Since that time Hayley has gone from strength to strength, securing and developing outstanding additional centres and capitalising on its dedicated service culture and conference centre offering.”
James Lever, Partner
Tel: 020 7484 4711
Email: jlever@livingstonepartners.co.uk
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