Livingstone hits a hat-trick with triple disposal for Adare

  • mar. 2007

Less than a year after arranging the deal which allowed the
management team of print management group Adare to buy their
business from Irish investors Allen McGuire & Partners for
£120 million, Livingstone has successfully teamed up with
Robert Whiteside and his team once again to assist them in the
launch of the ‘new look’ Adare.

Following the successful re-launch of Adare in January 2007 as a
single branded provider of end-to-end Marketing and Corporate
Communications Solutions, two subsidiaries were deemed to be
non-core, On Demand Communications, operator of the well-known,
franchised Kall Kwik and Prontaprint design and print centres, and
Irish educational publisher CJ Fallon.

Having been impressed with the Livingstone’s performance
throughout their MBO last year, Whiteside and Finance Director
Clinton Everard were keen to retain the team to help them divest
these activities on the best possible terms.

Livingstone conducted a tightly controlled process to minimise
disruption to both businesses and the wider Adare group, receiving
a number of offers from private equity for either or both of the
companies. The most attractive of these offers came from Irish
investor Boundary Capital, who agreed to acquire both businesses
for £43 million, providing both a clean solution for the
vendors and an attractive value for these assets.

“We are delighted to have assisted Adare on these
disposals and in Boundary Capital, the businesses have found a home
which will enable them to prosper as independent brands in the
 said Patrick Groarke, Partner who led the

“Livingstone are delighted to have been able to
assist Adare in the re-focusing of the business. The transaction
again highlights the level of interest in quality assets within the
said Alex Sheffield, who also worked on the

Patrick Groarke, Partner
Tel: 020 7484 4707

Phillip McCreanor, Director
Tel: 020 7484 4725

Alex Sheffield, Director
Tel: 020 7484 4734

Graham Carberry, Deal Leader
Tel: 020 7484 4728

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