Deals

Americas

AppLovin tweaks Chinese takeover deal after U.S. pushback: Reuters

AppLovin has tweaked a $1.4 billion agreement to sell itself to Chinese buyout firm Orient Hontai Capital into a debt investment, the U.S. mobile marketing firm said on Tuesday, after the U.S. government pushed back against the original deal. Read More

China’s CEFC joins Penta in bid to buy Time Warner’s Central European Media, say sources: Reuters

Chinese energy and investment group CEFC has teamed up with Czech-Slovak financial group Penta Investments to try and buy Time Warner’s TVX.N Central European Media Enterprises (CETV.O), sources told Reuters.Read More

Step Pharma nabs Series A funding

Paris-based Step Pharma, a developer of a novel class of oral nucleotide synthesis inhibitors, has secured 14.5 million euros in Series A financing. The investors included Pontifax, Kurma Partners, Bpifrance, Inserm Transfert Initiative, Idinvest, Sygnature Discovery and the Imagine Institute.Read More

Teeth straightening startup Candid grabs $15 mln Series A

New York City-based Candid Co, a teeth straightening startup, has raised $15 million in Series A funding. Greycroft, Bessemer and e.ventures led the round with other investors that included Arena Ventures.Read More

VC-backed Cloudvirga recruits DeSantis as new CFO

Cloudvirga, a developer of intelligent mortgage point-of-sale platforms, has named Steve DeSantis as its new chief financial officer. Previously, DeSantis was CFO for ShiftPixy. Cloudvirga's backers include Dallas Capital, Upfront Ventures and Tribeca Angels.Read More

Asia Pacific

Southeast Asia M&A surges to $53.5b in Jan-Sept 2017, led by transport sector

Southeast Asia saw mergers and acquisitions worth $53.5 billion across 290 deals in the first three quarters of this year, a strong performance outdone only by the Q1 to Q3 performance in 2013. According to Mergermarket data, Q3 alone saw 97 M&A deals worth $26.7 billion in the region, up 81.8 per cent from the same period in 2016. Three...

Asia bucks trend: Global M&A deal value slips in July-Sept

The value of mergers and acquisitions globally dropped slightly in the third quarter of 2017, as big deals worth more than $10 billion were scarce given uncertainty about economic policy in the U.S. and Europe in particular, leaving dealmakers to feast on a plethora of smaller transactions. Even as major stock markets continued to climb higher, big...

Gangtai Group: the acquisition of 85% stake in Buccellati has been completed

The transaction aims at reinforcing Buccellati’s international presence with an investment plan of €200 million, while maintaining the brand’s historical excellence and tradition The plan will fund the opening of 88 new monobrand stores and significant production and marketing investments Gangsu Gangtai Holding (Group) Co. Ltd, a Chinese...

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...

Hubble Family of Connected Nursery Devices to acquire Allianz & BCG Digital Ventures-Backed Kaishi

Hubble, a leading licensee of Motorola Brand, announces plan to expand leadership position in fast-growing digital nursery platform Hubble Connected (Hubble), the global leader of connected nursery products sold under the Motorola brand, announces today the intent to acquire Kaishi Pte Ltd (Kaishi), maker of the award-winning fetal heart-rate listening...

Europe

Zephyr Western Europe Report, October 2017

Western European M&A value rebounds in August, despite declining volumePE and VC volume and value decline month-on-month and year-on-year Western Europe saw an uptick in mergers and acquisitions (M&A) value in October 2017, according to information collected by the leading M&A database Zephyr. Value increased by 13 per cent from EUR 67,151 million...

European Process Plant completes Vendor Initiated Management Buy Out

Epsom-based European Process Plant Ltd (EPP) has completed a vendor initiated management buyout (VIMBO) with financial backing received from Allied Irish Bank (GB). Allied Irish Bank (GB) has structured an undisclosed funding package to support the VIMBO led by Managing Director Steve Merritt and his team Stewart Morris, Melissa James and Roger Mott...

Maven invests £3million in Altra Consultants Limited

Investment will fund the build out a new multi-line insurance broking business and enable the expansion and strengthening of the core and senior management teams Maven Capital Partners (“Maven”), one of the UK’s most active private equity houses, is pleased to announce a £3million investment in Altra Consultants Limited (“Altra”)...

Maven exits Crawford Scientific with 4.7x return following sale to Limerston Capital

Maven Capital Partners (“Maven”), one of the UK’s most active private equity houses, has exited its investment in Crawford Scientific (“Crawford”), a leading supplier of chromatography products and analytical services to the laboratory research and testing sectors, following its sale to Limerston Capital Partners I, LP (“Limerston”)....

Tighter Rules for Foreign M&A

UK remains M&A leader across Europe despite political uncertainty The first half of 2017 saw 780 deals take place in the UK and neighbouring Ireland - the highest level in Europe Foreign buyers accounted for nearly half (49%) of deals Business services was the strongest sector comprising nearly 40% of all deals Despite a period of uncertainty...

Mena

Private equity consortium invests into supplier of corporate and promotional apparel

A private equity consortium comprising RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products.  Kevro was acquired from Ethos Fund VI, which had owned a 72% stake in the group since 2011 and...

European business deals with Iran are safe, says Tillerson

AFP Last updated: October 22, 2017 The United States does not intend to disrupt European business deals with Iran, Secretary of State Rex Tillerson said in comments published Friday.Tillerson, speaking one week after President Donald Trump refused to certify the Iran nuclear deal and left its fate to the US Congress,...

Mourant Ozannes advises Saudi Aramco on US$10 Billion Islamic bond issuance programme

Mourant Ozannes has advised the Saudi Arabian Oil Company, otherwise known as Saudi Aramco, in connection with the corporate structuring of its first Sukuk Issuance Programme, for an issuance of up to SAR 37.5 billion (US$10 billion) Sukuk (Islamic bonds), and its SAR 11.25 billion (US$3 billion) Sukuk issuance under the Programme. The Mourant Ozannes...

Job fair offers hope for Syrian refugees in Jordan

Around 50 companies were represented at the one-day event Wednesday as they scouted for candidates to fill some 1,000 job opportunities, compiling lists of applicants by name, age and qualification.The EU-funded job fair, a first at the desert camp that houses some 80,000 refugees, comes after the launch in August of the only employment office at Zaatari...

Gulf states say goodbye to tax-free reputation

Some have hailed introducing VAT as the start of "exciting, dramatic" change in the region, but the measure is also expected to push prices up for all residents including citizens and low-income workers.On Sunday, the United Arab Emirates doubles the price of tobacco and increases soft drink prices by 50 percent, ahead of the more general VAT on goods...

International

Graphite backs £72m MBO of leadership consultancy YSC

Graphite Capital, a leading mid-market private equity specialist, has backed the £72 million management buy-out of YSC Consulting, the independent global provider of leadership strategy consultancy services. Headquartered in London, YSC Consulting operates from 17 offices in Europe, North America, South Africa and Asia-Pacific. It has built a...

Share prices of global acquirers continue to underperform World Index in the third quarter

New research reveals global trend for successful M&A deals becoming increasingly difficult to deliver as market reacts to new political winds The global M&A market continues to struggle to add value, underperforming the Index in 2017 for the second quarter this year, which is a trend not seen since 2012, according to Willis Towers Watson’s latest...

Equiteq advises GNC Group on their merger with Grant Thornton

Equiteq, a global consulting and IT services sector M&A specialist, is pleased to announce the merger of its client, GNC Group Consulting (“GNC Group”), with Grant Thornton Australia (“Grant Thornton”).  The transaction completed on September 1, 2017. GNC Group is a Melbourne-based retail and consumer product focused management consulting...

M&A insurance buyout as premiums and retentions fall, and new insurers enter market

Premium rates fall as demand increases – 2017 sees a 12% drop on 2016 levels and a 25% drop on 2015 levelsWidening consumer choice and increased competition - average retention rates fall by 44% from 2016 level In its most recent Global M&A Insurance Index, JLT Specialty (JLT), reported a 76% increase in the number of M&A insurance policies they...

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...