Deals

Asia Pacific

Inox Renewables to sell wind power assets to Leap Green Energy

Leap Green Energy said the acquisition will help it increase its operating capacity to 762MW across four states Inox Group has decided to exit the wind farm business to focus on its core businesses, including that of wind turbine manufacturing. Mumbai: Renewable energy firm Inox Renewables Ltd on Tuesday said it has agreed to sell its operating wind...

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...

Europe

​Consortium announces investment in Thames Water

Borealis Infrastructure (“Borealis”), the infrastructure investment manager of OMERS, and Wren House Infrastructure Management Limited (“Wren House”), the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), are pleased to announce that they have agreed to acquire...

​Aquila Capital expands Nordic portfolio with acquisition of wind project in Finland

Aquila Capital is expanding its portfolio in the Nordics with the acquisition of its first project in Finland, a wind farm with an installed capacity of 14.4 MW on the coast near Kokkola.The Windpark Ykspihlaja includes four Nordex N131/3600 turbines and is in one of Finland’s most favorable locations with an average wind speed of 7.7 meters/second....

New ONS M&A report shows increase international deals in the UK hit record levels

Livingstone has just released its 2014-2016 Global M&A deals Tracker (attached) which breaks down the volume of international M&A deals. Stats include the following;Chinese acquisitions of UK companies increased by 215% in the period 2014-2016, although they account for only one in 20 international acquisitions in the UK marketplace;US investors remain...

​Maven Capital Partners completes £6.5 million MBO of Healthpoint Limited

Funding package will enable Healthpoint to drive growth through new product development and further penetrate grocery multiples, value retailers and export marketsMaven Capital Partners (“Maven”), one of the UK’s most active private equity houses, has completed a £6.5 million management buy-out of Healthpoint Limited (“Healthpoint”), which...

Advent International submits binding offer for STADA Arzneimittel Aktiengesellschaft to STADA management board

Cash offer of €58 per share – Premium of 66 percent compared to STADA’s stock price prior to the publication of share purchases of activist investorsSTADA shareholders will additionally benefit from the expected dividend payment in June 2017Decision of submission of identical public takeover offer to STADA shareholders subject to approval by the...

Mena

Will Iran's Rouhani survive the bleak economy?

"This year was full of stress -- no jobs, recession, a stagnant housing market," said Ali Bakhtiyari, a jeweller in the Tajrish bazaar of northern Tehran.Business has been slow, he said, even during last week's run-up to Nowruz, the Persian new year."The government is trying to unlock things, but four years have passed. The locks should have been opened...

Reduxio raises $22M of Series C to enable hybrid IT data storage and accelerate customer growth

Largest funding round in company’s history led by C5 Capital. Reduxio Systems, the innovation leader in storage and data management solutions for the enterprise with to-the-second BackDating™ recovery capability, announced it has secured $22.5 million USD of its Series C funding in a round anticipated to total up to $32 million USD. The round...

Dubai's Emaar Malls rivals Amazon with $800m Souq.com bid

AFP Last updated: March 28, 2017 Dubai's Emaar Malls has offered $800 million to buy Souq.com, the Middle East's largest online retailer, it said Monday, challenging a reported offer by global giant Amazon. "Emaar Malls has submitted a bid of $800 million (736 million euros) for Souq.com...

Qatar set to invest £5 billion in UK over next five years

AFP Last updated: March 28, 2017 Qatar will invest £5 billion in Britain within five years in a boost for the post-Brexit economy, Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani announced Monday. "Over the next three to five years Qatar will invest £5 billion ($6.23...

Khamenei fleshes out "Made in Iran" vision

AFP Last updated: March 23, 2017 Supreme leader Ayatollah Ali Khamenei fleshed out his vision of a "Made in Iran" economy Tuesday, calling for a ban on certain imports and an end to the $15-billion smuggling trade. The annual speech on the first day of the Persian year serves as a sort...

International

Global M&A Activity Predicted to Increase in First Half of 2017

The Intralinks Deal Flow Predictor, an indicator of future mergers and acquisitions (M&A) announcements, with a proven track record for accuracy, forecasts a six percent increase in the total number of M&A deals announced globally in 1H 2017 compared to 1H 2016, setting a new record for annual first half global announced deal count.“The fact that...

Could protectionism stop your dealmaking? - Intralinks Deal Flow Predictor report released

The Intralinks Deal Flow Predictor forecasts the volume of future merger and acquisition (M&A) announcements by tracking early-stage M&A activity – sell-side M&A transactions across the world that are in the preparation stage or have reached the due diligence stage. These early-stage deals are, on average, six months away from their public announcement.Along...

​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,...