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

AXA Investment Managers - Real Assets closes CRE Senior 10 with c. €1.5 billion, taking total debt platform to over €14 billion of commitments

€400 million of funds already invested, c.25% of which in US mortgage loans and bonds AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces that it has successfully closed its tenth commercial real estate senior...

Duff & Phelps snnounces sale of Thermoplastics Engineering business, Petlon Polymers to Visionscape Group

Duff & Phelps has completed the sale of the business and assets of Petlon Polymers Limited to UAE based, Vision Petlon Polymers Limited, a subsidiary of Visionscape Group. Petlon Polymers is a compounder and polymer recovery company specializing in engineering thermoplastics and had experienced working capital difficulties in the lead up to Administration...

Gattai, Minoli, Agostinelli & Partners and BonelliErede in I.M.C. – Industria Metallurgica Carmagnolese’s 75% acquisition by Mittel

Gattai, Minoli, Agostinelli & Partners advised the investment firm Mittel S.p.A. on the binding agreement for the acquisition of a 75% controlling stake in I.M.C. - Industria Metallurgica Carmagnolese S.r.l., an Italian auto parts manufacturer Established in 1962 in Carmignola (Turin), I.M.C is a tier 1 supplier of Europe’s largest automotive...

Nordic Capital has sold its remaining shares in Tokmanni, the largest general discount retail chain in Finland

Nordic Capital Fund VII ("Nordic Capital") has sold all of its remaining shares in Tokmanni Group Corporation ("Tokmanni"). Under Nordic Capital’s ownership, Tokmanni has grown substantially, reinforcing its leadership position in the attractive Finnish general discount retail market. The remaining shareholding of 15.21 percent was sold...

Silverfleet invests in specialist German industrial pump manufacturer, Pumpenfabrik Wangen

Wangen’s client base includes the Royal Navy, Schwarzkopf, Ritter Sport and the Wirtgen Group Silverfleet Capital, the Pan-European private equity firm that specialises in buy-to-build, has entered into a binding contract to acquire Pumpenfabrik Wangen GmbH (“Wangen” or the “Company”), a leading designer and manufacturer of high quality...

Mena

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...

Dubai developers unveil mega projects despite downturn

AFP Last updated: September 12, 2017 Property developers in Dubai showcased new multi-billion-dollar mega-projects on Monday despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn.Exhibitors at the three-day Cityscape Global showed off models of high-end skyscrapers...

Religious tourism: the white gold of Saudi Arabia

Nadera Bouazza Last updated: September 5, 2017 With global oil prices flailing, Saudi Arabia is turning to another natural resource: billions of dollars gained from religious tourism as the kingdom hosts the annual hajj pilgrimage.Shops line the packed esplanade of the Great Mosque of Mecca, one of the holiest...

Saudi Arabian 'honesty' app takes internet by storm

AFP Last updated: September 5, 2017 Tawfiq catapulted to fame when he took time out of his day job as a business analyst last year to develop an anonymous messaging tool called Sarahah -- honesty in Arabic -- that subsequently topped the charts for app downloads.Initially conceived as a tool for soliciting bluntly...

Qatar limits hours and ensures pay for domestic workers

AFP Last updated: August 23, 2017 Qatar has approved a law limiting domestic staff to a maximum of 10 hours work a day, the first such protection for thousands of household maids, nannies and cooks in the emirate.The "Domestic Employment Law" also orders employers to pay staff wages at the end of each month and...

International

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...

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...