Deals

Asia Pacific

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...

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...

Europe

Maven and Enso invest £2 million to support roll-out of Cognitive Geology’s Hutton software

Funding will enable Cognitive to develop its pipeline of third generation petroleum geoscience software modules Maven Capital Partners (“Maven”), one of the UK’s most active private equity houses, and Enso Ventures (“Enso”), a leading specialist early-stage venture capital firm have invested £2million in Cognitive Geology (“Cognitive”),...

Tenzing backs the management team of cyber security leader, Smoothwall

UK lower mid-market investor, Tenzing, today announces its investment in Smoothwall Ltd, the market leading provider of dynamic web filtering technology for the education and public sectors. Founded in 2001, Smoothwall is a specialist web filtering provider with both on-premise and cloud-based offerings. Smoothwall pioneered real-time, content...

Fresh Montgomery Acquires FDIN

Influential food & drink entities join forces to drastically enhance category value Fresh Montgomery, the UK’s leading organiser of food, drink & hospitality events has embarked on an acquisition of the Food & Drink Innovation Network (FDIN). A huge development for the UK food & drink industry, this acquisition adds enormous value to food/drink/hospitality...

Maven and YFM-backed Indigo Telecom Group acquires Belcom247

Acquisition adds a range of additional services and geographical reach to strengthen Indigo’s capabilities customer offering and market positionFirst acquisition by Indigo as part of its buy-and-build strategy following its MBO which was funded by Maven Capital Partners and YFM Equity PartnersEnlarged Group has revenues of £28 million; EBITDA doubles...

YFM Equity Partners invests £1.5m into e2E

YFM Equity Partners (“YFM”), the specialist private equity fund manager, has backed a £1.5 million investment into e2E Engineering Limited (e2E), a leading technical consultancy operating in the telecommunications market, with particular expertise in satellite communications. YFM’s funding comes from its two advised VCTs, British Smaller Companies...

Mena

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...

UAE to open Arab Gulf's first nuclear reactor in 2018

AFP Last updated: September 26, 2017 The United Arab Emirates on Monday announced plans to open a nuclear power plant next year, in what would be a first for the emirate and the Arab Gulf region.The $20-billion Barakah plant west of Abu Dhabi is being constructed by a consortium led by Korea Electric Power Corp."We...

M&A deals back on Middle East's agenda

At the beginning of the year, MENA executives were hitting the pause button on M&A deals. Macroeconomic uncertainty had dampened M&A enthusiasm and had executives thinking twice about closing deals. However, there has been a recent turn in sentiment and a cautious enthusiasm to increase investments. The latest Capital Confidence Barometer report...

International

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...

​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...