Deals

Asia Pacific

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...

Japanese electronics and ceramics manufacturer invests in British business

KYOCERA Document Solutions UK, one of the world's leading document solutions companies, announced the acquisition of Annodata, one of the UK’s largest independent providers of managed print and ICT services.  The acquisition, which was led by Kyocera Corporation in Japan, significantly increases the capabilities of KYOCERA Document Solutions...

Tech-focused investment bank China Renaissance targets growth at home, U.S.

Boutique investment bank China Renaissance, which has advised on some of China's top technology deals such as the listing of e-commerce firm JD.com (JD.O) and the formation of ride-hailing company Didi Chuxing, is making a big push to expand at home and in the United States.  The Beijing-based firm launched a domestic securities joint venture...

Europe

H.I.G. Capital Acquires Assets of Xtera Communications

H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €20 billion of equity capital under management, announced today that it has acquired substantially all the assets of Xtera Communications, Inc (“Xtera”), a provider of innovative and bespoke sub-sea fiber optic solutions. H.I.G. previously provided debtor-in-possession...

Partnership between Izicap and Yello gives power to retailers wanting to improve customer experience

The first of its kind, smart point of sale (SPOS) company Yello has today partnered with cloud-based rewards, loyalty and marketing platform, Izicap. The partnership means retailers can gain the benefits of all-in-one YelloPad with the added functionality of Izicap’s proven marketing and loyalty solution. Co-CEO and Co-Founder of Yello, Mike Ausems,...

​RiskIQ deepens digital threat mitigation capabilities with acquisition of Maccabim

Increase in Brand Abuse, Malvertising, Spearsphishing, Spoofing Requires More Automated Digital Threat Triage, Legal Coordination and ResponseRiskIQ, the leader in digital threat management, today announced that the company has completed the acquisition of brand threat project management company Maccabim.com Ltd and has appointed Jonathan Matkowsky,...

M&A market in Central-Eastern Europe boasts its highest value since 2013

UK and Asian investors increasingly active in the CEE regionAccording to the “Emerging Europe M&A report 2016/2017” published by CMSin cooperation with EMIS, M&A deals in Central-Eastern Europe peaked in value in 2016 at €86.7bn. This represents a 62% increase compared to 2015, and the highest result since 2013. With 1,985 transactions, the...

​H.I.G. Capital invests in Spanish tourist apartments complex

H.I.G. Capital, LLC ("H.I.G."), a leading global private equity and alternative asset investment firm with €20 billion of equity capital under management, announced that one of its affiliates has completed an investment in a real estate asset consisting of the apartment complex Valle Romano located in Estepona, Málaga. Financial terms were not disclosed.Valle...

Mena

Oil exporter Saudi starts hunt for solar and wind firms

AFP Last updated: February 21, 2017 It invited local and international firms to try to qualify for bidding on two projects.One is for 300 MW of solar energy to be built in Al-Jouf province, in the kingdom's north.The second is for a 400 MW wind power development in Tabuk, northwestern Saudi Arabia, the energy...

Dubai investment firm acquired California shopping center Poinsettia Plaza

Al Mal Capital, a Dubai-based investment firm, has acquired Poinsettia Plaza, a 153,000 square feet shopping center located in Ventura, California. This is the second investment for Al Mal Capital in the US. The first was in a residential complex in Louisiana comprising 290 apartments, which the company exited in 2015 for an IRR of 16%. Al Mal Capital...

Women named to head Saudi bourse and a major bank

AFP Last updated: February 20, 2017 Samba Financial Group on Sunday said Rania Mahmoud Nashar had begun work as chief executive officer.The announcement came three days after the Saudi stock exchange, known as Tadawul, named Sarah al-Suhaimi as chairman of its board.While other Saudi women have already assumed...

Trump Organization to launch Dubai golf course

AFP Last updated: February 15, 2017 US President Donald Trump's sons are to inaugurate a branded golf course in Dubai on Saturday, the first public launch for the business empire since Trump took office in January. Donald Trump Jr and Eric Trump will attend the opening of the Trump...

Dubai welcomed record 14.9 million visitors in 2016

AFP Last updated: February 9, 2017 Dubai welcomed a record 14.9 million visitors in 2016, the city's tourism department said Tuesday, as the Gulf emirate capitalised on its reputed safety in a region wracked by turmoil. The city-state, one of seven sheikhdoms that make up the United Arab Emirates, aims to attract 20 million visitors annually by 2020...

International

​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,...

​Global M&A volume and value decline in 2016 M&A value rises in MENA, declines in all other regions

Both the volume and value of global mergers and acquisitions (M&A) declined in 2016 after a record breaking year on both fronts in 2015, according to information collected by the leading M&A database Zephyr. In all there were 96,665 deals worth a combined USD 4,734,165 million announced over the course of the 12 months. Value declined 21 per cent on...

​Investcorp to invest $20 million in cloud solutions provider Calligo

Investcorp, a global provider and manager of alternative investment products, today announces that it has reached an agreement to invest $20 million in Calligo Limited (“Calligo”), a fast growing provider of cloud solutions focused on serving the global mid-tier enterprise segment.  Founded in 2012, with the aim of leveraging jurisdictions...