Market	Type	Industry	Raised	Date
AIM	Acquisition	Electronic & Electrical Equipment	Undisclosed	Apr 2008

CONTACTS

CEO: Tim Saunders +44 (0) 1225 827 000

ADVISERS

Grant Thornton
Martin Goddard 020-7383 5100	Grant Thornton House 22 Melton Street London NW1 2EP

BDO Stoy Hayward
Andrew Berrett or Stephen Bourne 020-7486 5888	8 Baker Street London W1U 3LL

Gordons
John Holden 01628-487487	Winter Hill House Marlow Reach Station Approach Marlow SL7 1NT

COMMENT

Property services company Paladin Group has bought electrical testing business Phoenix Electrical for a seven-figure sum in addition to completing the simultaneous takeover of several letting agencies in North Buckinghamshire.

The acquisitions were backed with £1.5 million provided by private equity firm NVM, with additional funding supplied by HSBC.

Paladin operates through four subsidiaries: Touchstone, a property management services business; Castle Estates, a high street letting agency; Calbarrie, a health and safety testing specialist; and Maintenance UK, a property maintenance provider.

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