Deals

Americas

PE-backed retailers DTLR and Sneaker Villa merge

DTLR Inc, which is backed by Bruckmann, Rosser, Sherrill & Co and Sneaker Villa Inc, a portfolio company of Goode Partners, have merged. The newly combined company will focus on footwear and apparel retailing. No financial terms were disclosed.Read More

PE-backed Quick to acquire Unitrans

Q International Courier LLC has agreed to acquire Los Angeles-based Unitrans International Corporation, an international freight forwarder and a unit of Roadrunner Transportation Systems Inc. No financial terms were disclosed. Quick is backed by The Jordan Company.Read More

AT&T considers sale of home security business, say sources: Reuters

AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc (TWX.N), sources told Reuters.Read More

Calif senator to introduce legislation addressing sexual harassment from investors: report

California state Sen. Hannah-Beth Jackson is to introduce legislation aimed at strengthening legal protections for entrepreneurs facing sexual harassment from venture investors, according to a news report.Read More

H.I.G. Growth invests in Fidelity Payment Services

H.I.G. Growth Partners has invested in Fidelity Payment Services. Financial terms weren’t announced. Fidelity, of Brooklyn, New York, provides payment processing to small- and medium-sized businesses across the U.S. and Canada. Read More

Asia Pacific

Mourant Ozannes advises LSE-listed The Prospect Japan Fund Limited on US$147 million takeover

Mourant Ozannes has advised long-standing LSE listed client, The Prospect Japan Fund Limited (TPJF), on its recommended takeover by Japanese-based Prospect Co., Ltd (Prospect). The offer was an all-share offer of Japanese listed shares – believed to be the first of its kind in the UK – and it was completed via a Guernsey scheme of arrangement. The...

Galaxy Group expands global start-up service network with US$ 30 million investment in IP Group

Beijing Galaxy World Group (Galaxy Group) announced a US$ 30 million strategic investment in IP Group (LSE: IPO), a well-known British developer of intellectual property-based business. The payment and settlement of relevant shares will be completed no later than 18 August 2017. Henceforth Galaxy Group will look to cooperate with IP Group in various...

Four of the five largest private equity funds are in Asia

At a time when a record number of private equity (PE) funds are seeking capital from investors around the world, Asia is emerging as a hotbed of PE activity, and this is reflected from the fact that three of the five largest funds on the road to raise capital at the end of first quarter this year focus on this continent.Again, of the five largest...

Japan dominates Asia-Pacific outbound M&A for Q1

Japan’s continued hunt for growth pushed it to the top of the Asia-Pacific region for outbound deal value during the first quarter of 2017, knocking China from its top spot as Chinese buyers face their own regulatory and political challenges, experts say. The first quarter of the year saw Japanese buyers ink $14.72 billion in transaction value...

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...

Europe

What FMCG firms need to know before heading into M&A deals

McCormick buys Reckitt Benckiser's for more than £3bn Earlier this month, Schwartz spices manufacturer McCormick snapped up Reckitt Benckiser’s food business in a deal worth £3.2 billion, a year after its failed takeover of Premier Foods. This acquisition makes McCormick the third largest condiments company in the world, and also makes two of its...

ResponseSource acquires JournoRequests

Media request startup JournoRequests has joined the ResponseSource family of services for PR professionals following its acquisition by the company.JournoRequests will complement ResponseSource's market-leading Journalist Enquiry Service which is forecast to distribute over 31,000 requests from UK journalists this year.ResponseSource...

​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...

Mena

Bruised but coping, Qatar's economy remains strong

Qatar's economy has been hit by the sanctions imposed by a Saudi-led Arab bloc but the emirate's economy is strong enough to survive, analysts say. Since June 5, Saudi Arabia and allies Bahrain, Egypt and the United Arab Emirates shut down air, maritime and land links with Qatar, and imposed economic sanctions, accusing Doha...

Uprooted entrepreneurs form 'Little Damascus' in northwest Syria

His restaurant Sultan Daraya sits in a row of shops and eateries run by Syrians who quit their formerly rebel-held towns around the capital Damascus under deals with the regime.With names like Madaya Supermarket and Ibad al-Rahman's Damascene Delicacies, the shops have turned this quarter of rebel-controlled Idlib into a "Little Damascus."Sultan Daraya's...

​Helios Investment Partners acquires African fertilizers and inputs operations

Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, has today announced the acquisition of 100% of Fertilizers and Inputs Holding B.V. (the “Company”), which holds Louis Dreyfus Company’s (“LDC”) Africa-based fertilizers and inputs operations. Formerly part of SCPA Sivex International (“SSI”)...

Middle East growth to dive as Saudi economy stagnates, says IMF

AFP Last updated: July 30, 2017 Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi economy slides, the International Monetary Fund said on Monday. After a better than expected performance with five percent growth in 2016,...

Iraqis in Mosul markets both fear and hope for the future

Iraqi merchants and shoppers jostle in the lively open-air market of Gogjali on the eastern edges of Mosul, their voices often drowned out by the honking horns of cars. "Mosul will never be the same again," sighs Yunes Abdullah, a 60-year-old former soldier who set up a stall to repair televisions and other electrical appliances.Merchants...

International

International cooperation dominating cross-border M&A tax landscape

New M&A guide shows shake-up in global economic environment is forcing change US tax policy proposals threaten many aspects of global M&A Taxand, the global tax advisor, today releases its 2017 Global Guide to M&A Tax, providing guidance on the M&A tax climate across 37 jurisdictions and an overview of continuing and emerging trends that reflect...

​Political uncertainty drives consumer goods M&A to lowest level since 2011

Consumer goods M&A plummeted in 2016, down $176bn on the previous year, as political uncertainty depressed deal-making in the sectorGrowth conditions worsened for the Global 50, with overall revenue growth turning negative for the first time (-0.7%) Mergers and acquisitions among the top 50 consumer goods giants have fallen sharply from $226bn in 2015...

New Isle of Man enterprise development scheme deals completed

Nimbus Medical Holdings Limited has been awarded funding to support its InterCare® integrated technology platform, relocating its premises and creating new jobs on the IslandNew start-up Scout4’s app for construction workers has also received EDS investmentMore than £1.2 million of funding has been committed to help bring new businesses to the Island...

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...