Deals

Asia Pacific

Chinese capital constraints send shock through global M&A

Outbound deals hit lowest level since 2014 after cash clampdown For months, Chinese conglomerate Fujian Thai Hot has been on the cusp of completing a $1.4bn buyout of a Hong Kong-based life insurer.There has been just one problem: the cash needed to pay for the deal has been stuck inside China, awaiting a final regulatory sign-off from the country’s...

Inox Renewables to sell wind power assets to Leap Green Energy

Leap Green Energy said the acquisition will help it increase its operating capacity to 762MW across four states Inox Group has decided to exit the wind farm business to focus on its core businesses, including that of wind turbine manufacturing. Mumbai: Renewable energy firm Inox Renewables Ltd on Tuesday said it has agreed to sell its operating wind...

Asia-Pacific financial sector M&A declines amid uncertainty

Volume falls 38% amid global turmoil; China, South Korea post growthThe number of mergers and acquisitions involving financial companies in the Asia-Pacific region dropped 10% in 2016 from the previous year amid increased global uncertainty, according to Deloitte Tohmatsu Financial Advisory.The business of buying and selling companies was negatively...

​Advent International acquires significant minority stake in ASK Group, a leading investment and wealth manager in India

Partnership to focus on accelerating ASK’s growth by strengthening its team, launching new products and expanding internationally.Advent International, one of the largest and most experienced global private equity investors, today announced that it has acquired a significant minority ownership interest in ASK Group (“ASK”), a leading investment...

Chinese government money backs buyout firm’s deal for U.S. chip maker

Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China's central government and also has indirect links to its space program, Chinese corporate filings show.Reuters, in a review of about a dozen filings...

Europe

​Consortium announces investment in Thames Water

Borealis Infrastructure (“Borealis”), the infrastructure investment manager of OMERS, and Wren House Infrastructure Management Limited (“Wren House”), the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), are pleased to announce that they have agreed to acquire...

​Aquila Capital expands Nordic portfolio with acquisition of wind project in Finland

Aquila Capital is expanding its portfolio in the Nordics with the acquisition of its first project in Finland, a wind farm with an installed capacity of 14.4 MW on the coast near Kokkola.The Windpark Ykspihlaja includes four Nordex N131/3600 turbines and is in one of Finland’s most favorable locations with an average wind speed of 7.7 meters/second....

New ONS M&A report shows increase international deals in the UK hit record levels

Livingstone has just released its 2014-2016 Global M&A deals Tracker (attached) which breaks down the volume of international M&A deals. Stats include the following;Chinese acquisitions of UK companies increased by 215% in the period 2014-2016, although they account for only one in 20 international acquisitions in the UK marketplace;US investors remain...

​Maven Capital Partners completes £6.5 million MBO of Healthpoint Limited

Funding package will enable Healthpoint to drive growth through new product development and further penetrate grocery multiples, value retailers and export marketsMaven Capital Partners (“Maven”), one of the UK’s most active private equity houses, has completed a £6.5 million management buy-out of Healthpoint Limited (“Healthpoint”), which...

Advent International submits binding offer for STADA Arzneimittel Aktiengesellschaft to STADA management board

Cash offer of €58 per share – Premium of 66 percent compared to STADA’s stock price prior to the publication of share purchases of activist investorsSTADA shareholders will additionally benefit from the expected dividend payment in June 2017Decision of submission of identical public takeover offer to STADA shareholders subject to approval by the...

Mena

Chinese investors launch Oman industrial project

AFP Last updated: April 22, 2017 Chinese investors signed a deal last year to finance a series of industrial projects on the nearly 12 square-kilometre (5 -square-mile) site on the Indian ocean, 550 kilometres (340 miles) south of the capital Muscat.The first stage of the project is worth $3.2 billion (three billion...

Saudi malls to hire locals only

AFP Last updated: April 22, 2017 Foreigners will no longer be allowed to work in Saudi Arabia's numerous shopping malls, the labour ministry announced Thursday, in the latest measure to boost employment of Saudis. The kingdom has intensified efforts to develop more jobs for its citizens...

Gulf Capital acquired majority stake in e-commerce platform Sporter

Abu Dhabi private equity firm Gulf Capital has acquired majority stake in sport-based products and supplements marketplace Sporter.com. Sporter.com's offering comprises some global nutrition brands and it is benefiting from the general surge of online shopping in the Middle East. (The value of the deal is not disclosed, but it is part of $135 million...

Iran's Rouhani defends economic record ahead of election

AFP Last updated: April 11, 2017 Rouhani rejected criticism from conservatives over his economic performance, saying he had overseen measurable improvements in agriculture, health care, energy and internet coverage.He also focused on his key achievement, a nuclear deal with world powers that ended some sanctions...

Middle East investors acquired Amazon’s largest UK distribution warehouse for $76 million

Dubai investment bank Rasmala and Kuwaiti investment firm KAMCO acquired Amazon’s largest UK distribution warehouse for $76 million. The acquired property is leased to Amazon UK Services with an unexpired term of 15 years. The investment will target an annual cash dividend yield of 6.5% per annum, with an expected internal rate of return of 7% upon...

International

Global M&A Activity Predicted to Increase in First Half of 2017

The Intralinks Deal Flow Predictor, an indicator of future mergers and acquisitions (M&A) announcements, with a proven track record for accuracy, forecasts a six percent increase in the total number of M&A deals announced globally in 1H 2017 compared to 1H 2016, setting a new record for annual first half global announced deal count.“The fact that...

Could protectionism stop your dealmaking? - Intralinks Deal Flow Predictor report released

The Intralinks Deal Flow Predictor forecasts the volume of future merger and acquisition (M&A) announcements by tracking early-stage M&A activity – sell-side M&A transactions across the world that are in the preparation stage or have reached the due diligence stage. These early-stage deals are, on average, six months away from their public announcement.Along...

​Elementis significantly increases the scale of its personal care business with US$360 million acquisition of SummitReheis

Acquisition adds a high quality business with significant potential for further growth in the attractive personal care segmentElementis plc (“Elementis” or the “Group”) today announces that it has entered into an agreement to acquire SRLH Holdings, Inc. (“SummitReheis”) from an affiliate of One Rock Capital Partners, LLC (“One Rock”)...

Global M&A is having a moment with best start to year since 2000

With pent-up demand from 2016 and the challenges of an unpredictable U.S. administration ahead, companies seeking to get deals done kicked off this year with a bang.Global M&A activity amounted to $224 billion in January, the highest volume since 2000 in the first month of the year, according to data compiled by Bloomberg. For the first time since 2008,...

Mourant Ozannes advises East African mining company on LSE main market listing

Mourant Ozannes' Guernsey corporate team has advised on the successful admission to trading by way of placing of Rainbow Rare Earths Limited (Rainbow Rare Earths), an East African mining company, on the Main Market of the London Stock Exchange.Rainbow Rare Earths, incorporated and registered in Guernsey and administered by Artemis Trustees Limited,...