Stranger Holdings is an investment company focused on making targeted acquisitions through which it can implement an operational strategy that will build significant value.
With a highly experienced Board possessing a proven track record of leading and growing companies across a number of sectors, the Company is well placed to deliver on its strategic objective to identify and acquire prospective assets or companies, through which it can leverage its experience and provide significant uplift to its shareholders.
The Board has a proven track record of raising money for listed companies, delivering substantial uplift to shareholders post-admission and successfully making acquisitions. Together with operating and growing diverse companies, they are equipped with the experience and knowledge to grow them operationally and in valuation.
Chairman & CFO
Charles Tatnall is primarily involved in advising and raising funds for small and medium sized enterprises with varying business activities ranging from advising investment and family wealth companies to reviewing investments and business opportunities together with the management of personal investments.
Charles was a co-founder (with James Longley) and principal of BioProgress Technology International, Inc. (“BioProgress”) which was quoted on the NASDAQ and later migrated to AIM. His experience will help the Board in reviewing potential acquisitions.
Charles is currently Executive Chairman of Plutus PowerGen PLC, an AIM listed company in the flexible power generation sector, focusing on delivering 200MW of capacity by the end of 2017. It currently has a strong project pipeline of potential development sites with 700MW of power generation capacity.
James Longley is a chartered accountant and his early career was with Arthur Andersen, Creditanstalt-Bankverein Merchant Banking, Venture Capital Division and Touche Ross Corporate Finance.
In 1990 he co-led the £10.5m management buy-in of The Wilcox Group, one of the UK’s leading trailer manufacturers. Subsequently he was co-founder, director and chief financial oﬃcer of BioProgress Technology International, Inc., a drug delivery systems developer, listed on NASDAQ and subsequently listed on AIM. He was co-founder, director, chief financial oﬃcer of PhotoBox Limited, Europe’s leading online photo-finishing business. It acquired Moonpig.com in 2011 for circa £120m and was recently sold to private equity in a £400M deal.
James is currently a Director of Plutus PowerGen PLC, an AIM listed company in the flexible power generation sector, focusing on delivering 200MW of capacity by the end of 2017. It currently has a strong project pipeline of potential development sites with 700MW of power generation capacity.
The Board will consider the following criteria in assessing the viability of potential acquisition targets:
• Be profitable or have the potential to become profitable
• Have assets
• Exhibit strong cash flow
• Have deferred consideration or earn out may be available
• Have existing management that will stay on during the acquisition process
While the Company does not currently have any acquisitions under formal consideration, it expects that it will target those in the range of £1-£10 million. Subsequent to its initial acquisition, the Company may explore the potential for further acquisitions in order to provide finance and operational leverage.