Deals

Americas

Five Point sells minority stake in WaterBridge to GIC

Five Point Energy has sold a minority stake in WaterBridge Resources LLC to GIC. The price of the transaction puts WaterBridge's enterprise valuation at about $2.8 billion. Barclays served as financial adviser to Five Point Energy and WaterBridge on the transaction. Houston-based WaterBridge is a developer, owner and operator of water infrastructure...

Amazon squares up to Uber with backing for UK food app Deliveroo: Reuters

Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.Read More

Canopy Rivers invests in BioLumic’s $6.7 mln Series A financing

Canopy Rivers has invested $1.5 million in BioLumic Ltd, a Palmerston North, New Zealand-based maker of a sustainable ultraviolet (UV) crop yield enhancement system. The investment is part of the company’s $6.7 million Series A financing, led by Finistere Ventures, a U.S. food and agriculture venture capital firm. Canopy Director Mary Dimou will join...

CODI to sell Clean Earth for about $625 mln

Compass Diversified Holdings, an owner of middle-market businesses has agreed to sell Clean Earth to Harsco Corporation for about $625 million in cash. The deal is expected to close within the next few months. Moelis & Company LLC and Houlihan Lokey provided financial advice to CODI on the deal with Squire Patton Boggs (US) LLP providing legal counsel....

VC-backed Fastly goes public

Fastly Inc, a provider of an edge cloud platform, has debuted its IPO after pricing its 11.25 million shares at $16 per share. The stock began trading May 17, 2019 on the New York Stock Exchange under the ticker symbol "FSLY." BofA Merrill Lynch, Citigroup and Credit Suisse are the lead underwriters. Fastly's pre-IPO backers included Sapphire Ventures,...

Asia Pacific

HSA Advocates advised a consortium of four ports in relation to strategic sale of Dredging Corporation of India by Government of India

HSA Advocates represented a consortium of four ports Vishakapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust in relation to strategic sale of Dredging Corporation of India concluded by Government of India (GoI). The four ports have acquired 100% of GoI's shares in Dredging Corporation of India (i.e. 73.47%...

Duff & Phelps enhances restructuring and dispute offering with acquisition of Zolfo Cooper Asia

Expands Footprint in Greater China Region Duff & Phelps, the global advisor that protects, restores and maximizes value for clients, today announced the acquisition of Zolfo Cooper Asia, a leading independent provider of restructuring, insolvency, litigation support and forensic accounting services. The combination of Duff & Phelps and Zolfo...

Investcorp launches in India with acquisition of IDFC Alternative’s Private Equity and Realty Businesses

Entry in to India expands footprint of direct investments into Asia Investcorp a leading global provider and manager of alternative investment products, today announced the launch of its operations in India with the imminent completion of its first deal, the acquisition of the Private Equity and Real Estate investment management businesses of IDFC...

China, Japan overseas M&A push to extend in 2019

China’s economic growth slowdown to drive dealmaking abroadJapanese companies may continue to seek large foreign dealsCompanies in China and Japan will continue their pursuit of overseas acquisitions this year amid the economic growth slowdown and geopolitical uncertainty, according to JPMorgan Chase & Co. Ready availability of capital will...

Japanese groups invest £4.2bn in the UK and Ireland between 2013 and 2017, reveals new M&A report by Livingstone

Transaction values in UK and Ireland reached £978m from Japanese group acquisitions in 2017230 middle market companies acquired across the globe by Japanese groups – up 13% from 2016 Global increase in total transaction values globally to £15.9bn in 2017 –up 15% Europe continued to experience high buyer interest from Japan in 2017, with average...

Europe

Captec Group's latest acquisition fuels IPO momentum

The Captec Group, designer and manufacturer of specialist computer equipment, today announces it has completed the 100% share capital acquisition of Cove Industrial Enterprises Ltd, for an undisclosed fee. Adding Cove’s 56 years’ knowledge and experience to its capabilities set, Captec will enable a more integrated offering to customers...

Asterion Industrial Partners completes first close with commitments over €500m for pan-European Infrastructure Fund

The Fund, which has a target size of €850m, has reached a first close in four months since it was registered with the CNMVAsterion has completed its first deal with the acquisition of a co-controlling stake in French utility group Proxiserve  Guido Mitrani, former Director in the KKR infrastructure team, to join Asterion as a Partner Pan-European...

GCA Altium leads Synova investment in Mediatonic

Global investment bank GCA Altium has advised the UK’s leading independent mobile live games developer, Mediatonic, on an investment from Synova Capital.  Founded in 2005, and with headquarters in London, Mediatonic has launched over 100 games in partnership with some of the world’s largest game publishers, including Scopely and Square Enix....

Bowmark Capital completes take-private of Tax Systems Plc

Bowmark Capital, the mid-market private equity firm, has completed the take-private of AIM-listed Tax Systems Plc, the leading provider of corporation tax software and services in the UK and Ireland.  The transaction values Tax Systems at £114 million.  Founded in 1991, Tax Systems’ portfolio of solutions automates the end-to-end tax compliance...

Cavendish Corporate Finance advises Inflexion Private Equity on its buyout of Creative Car Park Limited

Transaction is Cavendish’s first buy side deal and illustrates how its recent merger with finnCap has created a Group with an unrivalled breadth of services in the mid-market Cavendish Corporate Finance, the UK’s leading mid-market M&A firm, and part of the finnCap Group, has advised Inflexion Private Equity on its successful buyout...

Mena

Israel’s Magenta Venture Partners announces first closing of a new $100M fund focused on early stage Israeli startups

Israeli VC firm Magenta Venture Partners announced today a new venture capital fund targeting $100 million. The new fund had its initial closing in October 2018 and is planning its final closing in 2019. Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., one of the largest trading and investment companies in Japan,...

Roquette invests in Israeli seed breeding company Equinom

The companies signed an agreement to develop high-protein pea varieties for food markets Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development...

Maitland acquires Talaria, launches Maitland Family Office

Cross-border specialist wealth service likely to appeal to those needing offshore estate planning Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the...

MENA drops 57.6% in value of M&A

The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...

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...

International

Uber to acquire Careem to expand the greater Middle East regional opportunity together

Careem to become a wholly-owned subsidiary of Uber, operating as an independent company under the Careem brand and led by Careem foundersOpportunity for both companies to rapidly expand and capitalise on the region’s underpenetrated mobility opportunity and growing digital economy Transaction would be largest-ever technology industry transaction...

Litigation funding to double in five years as asset class becomes mainstream

Litigation funding is undeniably becoming a mainstream asset class with the market set to double in the next five years.  This is the prediction from Dilip N Massand of Legal Ventures, a UAE based fund by Phoenix Advisors that specialises in emerging markets. It is backed by Dalma Capital, a leading alternative investment manager. Litigation ...

Offshore deal value jumps usd 100 billion in 2018

Record 196 offshore IPOs completed over course of the year, Appleby reports The total value of offshore M&A deals rose by a massive 47% in 2018 when compared to the previous year, driven in part by a surge in megadeals each valued at USD 5 billion or more, according to a report released today by offshore law firm Appleby. The latest edition of...

EMEA Deal Drivers in 2018

This exclusive and comprehensive report presents an in-depth review of all M&A activities across Europe, the Middle East and North Africa (EMEA), with analyses of specific geographical regions and market sectors. It also identifies key trends set to develop over the course of 2019. The report key highlights include: 2018 saw uneven progress for M&A,...

Intralinks® Deal Flow Predictor for Q2 2019

The number of announced M&A deals in Europe, the Middle East & Africa is forecast to fall by around 1 percent year-over-year during the first six months of 2019, with the Real Estate, Energy & Power and Materials sectors in Southern Europe and the Middle predicted to lead growth, according to the latest issue of the Intralinks Deal Flow Predictor.  Along...