IMAP
Dealbook
2015
www.imap.com
©IMAP, Inc. 2015
Contact
Sudhanshu Karandikar
[email protected]
IMAP, Inc.
Av. Diagonal, 618
08021 Barcelona - Spain
www.imap.com
T: +34 936 026 710
Contents
/ Foreword
by Jurgis V Oniunas, Chairman
04
06
/ About IMAP:
Milestones and achievements
/ Deals by sectors: 08
/ Consumer Products & Services 08
/ Consumer Staples 17
/ Energy & Power 23
/
Financials 27
/
Healthcare 30
/
Industrials 36
/
Materials 50
/
Real Estate 56
/
Retail 58
/
TMT61
Jurgis V Oniunas
Chairman
D
eals are the lifeblood of the IMAP organization. It is
what we do: to get the best deal for our clients – the best
partner, the best valuation, the best earn-out, the best
terms. Our experts around the world live and breathe deals,
from Beijing, to Tokyo, to Mumbai, to Istanbul, to Frankfurt, to
London, to Boston, Chicago and Silicon Valley - every single day,
somewhere in the world, an IMAP deal is signed or closed.
IMAP is a unique organization, encompassing almost 40
independent firms working together under one IMAP brand to
bring the financial and sectorial expertise and knowledge of all
its 400 or so professionals to every deal. We work exclusively in
the mid-market, so you will not find here blockbuster telecom
deals, or front page mergers. Instead, you will find examples
of hundreds of companies, many founded and owned by
individual entrepreneurs, companies that are the backbone
of the economies in which they operate. Their owners have
put their trust in IMAP partners, to guide them through what
may be the most important and perilous process of their
professional careers – to sell what they have built, or to buy
what someone else has built. And IMAP partners perform this
job brilliantly, time and time again.
This is why we are proud to present here some of our work over
the past several years. Proud, not just because these deals were
completed, but because we know that they were completed
with special care for our clients and with respect for their
accomplishments.
About IMAP
IMAP HISTORY TIMELINE
1973
1993
1999
2005
Founding of IMAP by
a group of US-based
M&A Practitioners
under the acronym
NAMAC
Merger of two
US-based M&A advisory organizations
(INTERMAC and
IMAP) into one.
Presence in UK,
France, Germany
Spain and Italy.
Merger of Central
and Eastern
European
organizations
(MACEE) into IMAP.
Argentina
Belgium
Bosnia and
Herzegovina
Brazil
Canada
Chile
China
Croatia
Czech
Republic
Denmark
Egypt
Finland
France
Germany
Hungary
India
Ireland
Italy
Ivory Coast
Japan
Mexico
Montenegro
Morocco
Netherlands
Norway
Peru
Poland
Portugal
Kosovo
Russia
Senegal
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
United
Kingdom
United
States
Vietnam
See our corporate video
Global Reach
IMAP offers an exceptional combination of global breadth and local depth to the client transaction.
IMAP is located in more than 35 countries throughout North and South America, Eastern and Western Europe, the Middle East,
Africa and Asia. These firms share common values and principles, reinforced by rigorous standards and qualifications to ensure
unmatched service, quality and unequaled results
2008
2010
2014
2015
Consolidation of
cross-border
collaboration.
IMAP adds more
global locations.
Presence in Peru,
Norway and
Vietnam.
IMAP coverage
extends to Brazil,
Morocco, Senegal and
Ivory Coast.
consumer
products consumer
& services staples
Energy
& Power
REAL
Financials Healthcare Industrials Materials ESTATE
RETAIL
TMT
government
global performance 2012-2014
Undisclosed Values & Values
up to $200 million
(Based on number of transactions)
Rank
Financial Advisor
1
PwC
2
KPMG
3
Ernst & Young LLP
4
IMAP
5
BDO
6
Deloitte
7
Rothschild
8
Houlihan Lokey
9
Lazard
10
Mizuho Financial Group
IMAP
ranked
4th
in the world in the number of closed
transactions valued up to
US$200 million
(as ranked in the Thomson Reuters’ League Tables)
consumer
products
& services
Worldstrides
Vistria Group
Private Equity
Group
United States
Acquired 100% of
Business Operations
Penn Foster
Corporate training
& consumer
distance education
United States
Advised on Sale of
Company
Up to $500M Source: Thomson Reuters
1 PwC
2 KPMG
3 BDO
4 IMAP
5 Deloitte
6 Ernst & Young LLP
7 M&A International
8 Mizuho Financial Group
9 Sumitomo Mitsui Finl Grp Inc
10 Grant Thornton
Advised Penn Foster,
a leader in careerfocused distance and
hybrid learning that
now offers comprehensive high school,
career school and
college programs, on
its acquisition by The
Vistria Group. Vistria
is a Private Equity Firm
focused on investing in middle market
companies in the
education, healthcare
and financial services
sectors.
EDUCATIONAL SERVICES
Provides
educational travel
programs
United States
Acquired 100% of
Business Operations
Oxbridge
Academic
Resourses
Greybull
Stewardship
Private Equity
Group
United States
Acquired 100% of
Business Operations
BrightStar
Education
Group
Provides study
abroad programs
United States
For-profit post
secondary
education
company
United States
Advised on Sale of
Company
Advised on Sale of
Company
Advised Oxbridge Academic Resources on its
sale to WorldStrides,
a portfolio company
of The Carlyle Group.
Oxbridge joins WorldStrides’ impressive
lineup of educational
student travel programs. WorldStrides,
is the nation’s largest
and one of the most
respected accredited
travel organizations,
specializing in providing exceptional educational experiences.
Advised BrightStar
Education Group, dba
Institute of Technology, on its sale to
Private Equity Firm
Greybull Stewardship.
BrightStar is a portfolio
company of Arlington
Capital Partners.
BrightStar, which will
be now known as Select Education Group,
is a leading for-profit
post-secondary education company with four
campuses in California
and Oregon.
9
All NRG
Holding A/S
SAE Institute
(Navitas Ltd)
Provides preuiniversity
and university
programs
Australia
Buy-and-build
majority owned by
Via Venture (PEG)
Denmark
Sonans AS
Acquired 100% of
Business Operations
Private high
school
Norway
Ex’Pression
College
Acquired 100% of
Business Operations
Provides
bachelor’s
degrees in digital
arts
United States
Advised on Sale of
Company
Advised Ex’pression
College, a Californiabased creative media
college founded in
1998. The College
grants Bachelor
degrees in six programs. Ex’pression
will become part of the
SAE Institute, Navitas’
creative media education division.
Nordic
Academy AS
DEKRA AG
Automotive,
industrial and
personnel
Germany
Acquired Majority
Stake
TUC Group
Supplier of
courses
Norway
Education within
transportation
Denmark
Advised on Sale of
Company
Advised on Sale of
Company
Advised Nordic
Academy with its sale
to Sonans Utdanning.
The deal is expected to
significantly strengthen
Sonans position in the
professional courses
market which focuses
on restructuring processes, job clarification
and activation.
Advised TUC Group on
the sale of a majority stake to Germanybased Dekra. With
the acquisition, Dekra
secures a strengthened footprint in
Scandinavia. The goal
is to further expand its
service portfolio and
presence.
Acquired 100% of
Shares
Q-Star Energy
A/S
Manpower
provider for the
energy sector
Denmark
Advised on Sale of
Company
Advised the shareholders of Q-Star Energy in
their sale to Via Venture
Partners-controlled
company All NRG. QStar Energy A/S, based
in Esbjerg, provides
highly specialized
welders, electricians,
scaffolders and insulators, as well as wind
turbine experts and
rope access services,
to the oil, gas and wind
industry in Europe.
EMPLOYMENT SERVICES
D&B Beheer
B.V.
Personal holding
Netherlands
Acquired 100% of
Business Operations
Human
Resource
Project
Partners B.V.
Secondment
agency
Netherlands
Advised on Purchase
of Company
Advised D&B Beheer
B.V. on the management buy-out of Human
Resource Project Partners, a secondment
agency specialized
in on- and offshore
engineering.
10 / Consumer Products & Services
Jobindex A/S
TSL Education
Ltd
Primary
Capital
Limited
Private Equity
United
Kingdom
Acquired Majority
Control of Business
Operations
Gatenby
Sanderson
Limited
Private sector
recruitment
United
Kingdom
Advised on Sale of
Company
Advised recruitment
agency Gatenby Sanderson on its management buyout, backed
by Private Equity House
Primary Capital.
EMPLOYMENT SERVICES
Support services
and resource
provision to
teacher
United
Kingdom
Acquired Majority
Control of Business
Operations
Vision for
Education
Recruitment
services for the
education sector
United
Kingdom
Indentified the Buyer
and Introduced the
Transaction
Facilitated an introduction between Vision
for Education and TES
Global, the UK’s leading player in teacher
recruitment.
Online job
database
Denmark
Acquired 100% of
Business
StepStone A/S
and it-jobbank
A/S
Online job
database
Denmark
Advised on Purchase
of Company
Advised Jobindex
in their acquisition
of Stepstone and
IT-Jobbank. Jobindex,
Denmark’s largest
job database and
recruitment company
acquires the Danish
part of StepStone, the
leading provider of
executive and career
positions in Denmark,
as well as the sister
company it-jobbank,
the largest Danish
provider of IT jobs.
Cordant Group
plc
Recruitment
conglomerate
United
Kingdom
Acquired 100% of
Business Operations
Sugarman
Group Limited
Public sector
recruiter
United
Kingdom
Advised on Sale of
Company
The Rowley
Company
Manufacturer and
wholesaler of
window decor
United States
Acquired Minority
Ownership Position
Individual
Owner
United States
Advised the Sugarman
Group on its sale to
Cordant Group. With
Cordant’s support,
Sugarman’s management team has a
great opportunity to
continue to accelerate
the business’ growth;
the transaction also
enables Cordant to gain
a strategic foothold
in the healthcare and
education sectors.
Advised on Recapitalization of Company
Advised The Rowley
Company on a recapitalization. The acquisition of an individual
owner’s minority owner
position provides the
company with additional leverage in the
regional window décor
market.
home furnishings
11
Champlain
Capital
Partners
Small and middlemarket Private
Equity Firm
United States
The Rowley
Company
Manufacturer and
wholesaler of
window decor
United States
Acquired 100% of
Assets
Article Inc.
International
home decor
manufacturer and
distributor
Canada
Advised on Purchase
of Company
Advised The Rowley
Company, a manufacturer and international
distributor of decorating supplies, on its
acquisition of Article.
The deal strengthens
Rowley’s product offerings and expands its
international operations footprint.
Acquired 100% of
Business Operations
Master
Cutlery, Inc.
Manufacturer of
knives, swords
and defense
products
United States
Advised on Sale of
Company
Advised Master
Cutlery, a prominent
designer and manufacturer of crossbows,
hunting knives, military
& tactical gear and
self-defense products
on its acquisition by
Champlain Capital,
a Private Equity Firm
focused on small and
middle market, niche
businesses in manufacturing, consumer
products, distribution
and non-financial
services.
MBO
Partenaires
Ferritico Peru
(subsidiary
of Acero
Comercial
Ecuatoriano)
Distributor
of industrial
machinery
Ecuador
Acquired 100% of the
Company
Sullair del
Pacifico
Distributor of
Sullair brand air
compressors
Peru
Advised on Sale of
Company
Advised Sullair del
Pacifico, a distributor
of Sullair brand air
compressors based
in Peru, on its sale to
Ferritico Peru, a subsidiary of Acero Comercial
Ecuatoriano based in
Ecuador that distributes
industrial machinery.
Other Consumer Products
Private Equity
Firm
France
Adara
Packaging Oy
Total packaging
solution provider
Finland
Acquired 100% of
Shares
Display Pack
Finland
Cardboard
marketing display
manufacturer
Finland
Advised on Sale of
Company
Advised Display Pack
Finland, a cardboard
marketing display ma­
nufacturer on the sale
of 100% of its shares
to Adara Packaging,
a packaging solution
provider.
Acquired Majority
Control of Business
Operations
AlkosCosmogen
Cosmetic
packaging and
manufacturing
France
Advised on Sale of
Company
Advised on the MBO of
Alkos, French cosmetics manufacturer, and
Cosmogen, innovative
cosmetics packaging
supplier. The transaction allows management to increase its
shares; the PE firm to
invest in the Group;
with offices in China,
Brazil & USA, sales up
to €100M are expected
within 5 years.
12 / Consumer Products & Services
Republic
Tobacco LP
Distributor of
tobacco products
United States
Atlantic Trade
d.o.o.
Leading FMCG
distributor in
SouthEast Europe
Croatia
Purchased 100%
of the Company
and Took Over the
Distribution of
Unilever in Slovenia
and Croatia
Prodis d.o.o.
Distributor of
FMCG in Slovenia
Slovenia
Advised on Sale
of Company and
Transfer of Unilever
Distribution Agreements
Atlantic Trade doo, a
unit of Atlantic Grupa
dd, acquired the entire
share capital of Prodis
doo, a Zagreb-based
distributor of food and
non-food products.
Acquired 50% of
Business Operations
American
Crane Group
Johnson Creek
Enterprises
LLC
Newly formed
parent company
of AE & 4OCG
United States
Manufactures
e-liquids for use in
e-cigarettes
United States
Acquired 100% of
Business
Advised on Sale of
Company
American
Equipment
Overhead crane
manufacturer and
service company
United States
Advised on Merger
with 4OCG
Advised American
Equipment on its
merger with 4OCG,
thus creating American
Crane Group, the newly
formed parent company of AE and 4OCG.
Other Consumer Products
Advised Johnson Creek
Enterprises LLC in
the sale of 50% of its
ownership to Republic
Tobacco LP. The transaction marks Republic
Tobacco’s strategic
move into the burgeoning electronic cigarette
and consumer vaping
markets. By joining
forces with Republic,
Johnson Creek Smoke
Juice and accessories
will soon be available
in thousands of outlets
throughout the country.
Lifetime
Brands Inc
Leading global
provider of
kitchenware &
tableware
United States
Acquired 100% of
Business Operations
Thomas Plant
(Birmingham)
Ltd
Supplier of
kitchenware
products
United
Kingdom
Advised on Sale of
Company
Advised the shareholders of Kitchen Craft on
its sale to NASDAQlisted Lifetime Brands.
Kitchen Craft and
Lifetime Brands share
the same values and
ethos; the combination
of the two businesses
provides significant
opportunities for
growth in the UK and
internationally.
Bunzl plc.
Multinational
distribution and
outsourcing
company
United
Kingdom
Acquired 100% of
Business Operations
Ocean S de RL
Distributor
of personal
protective
equipment
Mexico
Advised on Sale of
Company
Advised Espomega, a
leading redistribution
business supplying a
variety of safety products, including gloves
and protective clothing,
throughout Mexico, on
its sale to Bunzl. The
acquisition expands
Bunzl’s safety business
in Mexico.
13
Studec SAS
Magnum
Capital
Industrial
BISNODE
Acquired
Acquired 100%
Shares of Newly
Spun Off Enterprise
EU leading credit,
market & business
info provider
Czech Republic
Private Equity
Spain
Iberchem SA
Flavours and
fragances
manufacturer
Spain
Advised on MBO
Process
Advised Iberchem, a
fragrances & flavors
firm, on its sale of a majority stake to Magnum
Capital. Through this
acquisition, Magnum
intends to consolidate
its existing position in
China, Indonesia and
the Middle East. The
firm also plans to enter
emerging markets.
R2i Services
Facility services
France
Acquired 100% of the
Capital
PEOPLE
COCCINELLE
Modeling agency
France
Advised on Sale of
Company
Advised People Coccinelle, a modeling
agency, on the sale
of its capital to R2i
Services, a facility services provider based in
France.
Professional Services
IS OCTOPUS,
s.r.o.
CZ leading credit
info assessment
system
Czech Republic
Spin Off & Sale of the
New Entity
Advised IS Octopus,
a leading credit information assessment
system company on
its sale of their newly
spun off enterprise to
Bisnode, a EU leading
credit and business
information provider.
Technical
documentation,
engineering and
ILS
France
Acquired 100% of the
Spanish Business,
and the German
Business Assets
AC&S SRL
(Spain),
AC&S GmbH
(Germany).
Training solutions
& technical
documentation
Spain
Advised on Sale of
two Subsidiaries
Advised ESG on the
sale of its subsidiary
AC&S Spain and the
ILS business from
AC&S Germany to
Studec SAS. ESG is a
provider of engineering
services for aerospace, automotive and
defense.
Cardtronics,
Inc.
Global operator of
off-premise ATM’s
United States
Acquired 100% of
Business Operations
Sunwin
Services
Group Ltd
Operator of ATM’s,
CIT and security
services
United
Kingdom
Advised on Sale of
Company
Advised The Co-opera­
tive Group on the sale
of its Sunwin Services
Group business to
Cardtronics. The
Sunwin Services Group
includes the following
services: cash and
valuables transit, ATM
support and Sunwin
Managed Security.
14 / Consumer Products & Services
Ambienta SGR
Private Equity
Italian fund
Italy
Fujitsu Limited
Acquired 100% of
Business Operations
Leading IT
company
Japan
MDLG INVEST
Holding company
of the managers
France
Acquired 100% of
Business Operations
ETC
Energy control
consulting
services
France
Advised on Sale of
Company
Arranged an MBO for
ETC, a thermal and
acoustical engineering
firm located in Normandie. ETC is specialized in residential home
diagnoses.
Professional Services
Acquired Investment
Interest
Yokogawa
Medical
Solutions
Developer
of medical
equipment
Japan
Advised on Purchase
of Company
Advised Fujitsu, a lea­
ding global IT company,
on minority investment
into Yokogawa Medical
Solutions, a developer
of medical IT systems
and subsidiary of
Yokogawa Electric, for
a business & capital alliance in future medical
solutions.
IP Cleaning
SpA
Enterprise
Rent-A-Car
Vehicle rental
United States
Acquired 100% of
Business Operations
Burnt Tree
Holdings
Vehicle rental
United
Kingdom
Advised on Sale of
Company
Advised Burnt Tree,
the UK’s largest
commercial vehicles
rental provider, on its
cross-border sale to
Enterprise Rent-A-Car.
Machinery &
equipment for
professional
cleaning market
Italy
Daiwa House
Distressed M&A
Acquired Majority
Control of Business
Operations
Advised Ambienta SGR,
the largest European
Private Equity fund
specialised in the
environmental sector,
i) on the acquisition
of IP Cleaning, owned
by Synergo SGR, and
ii) on the definition of
an agreement with the
lending banks, concerning the reschedu­
ling of the outstanding
medium-long term debt
and the confirmation
of current short term
credit facilities.
Leading home
builder and real
estate company
Japan
TOMO
Parking facilities
operator
Japan
Advised on Purchase
of Company
Advised Daiwa House,
a top ranked home
builder, on the acquisition of Tomo, a parking
facilities operator, to
expand it parking facilities business.
15
Mubadala
Development
Company
Soho Design
A financial
investment
company
United States
Acquired all Assets of
Business Operations
Tui Lifestyle
A turnkey lifestyle
luxury furniture
provider
United States
Adviced on Purchase
of Company
Advised Soho Design, a
55%-45% joint venture
between Sevin Ergun, a
private Turkish investor
and Tui Pranich, an
interior luxury designer,
during the acquisition
of all assets of Tui
Lifestyle.
Investment and
development
company
United Arab
Emirates
Finnmap
Consulting Oy
Engineering and
building services
Finland
Acquired Investment
Interest
Piaggio Aero
Industries SpA
Sentica
Partners Oy
LDC
Private Equity Arm
of Lloyds Banking
Group
United
Kingdom
Acquired Selected
Assets of Business
Operations
Aviation, defence
and security
Italy
Invested
Profil-Bau
Consulting Oy
Sold Equity Stake
of 31%
Outsourced
procurement
services
United
Kingdom
Engineering and
building services
Finland
Represented the
Seller
Advised Profil-Bau
Consulting on the sale
of some of its selected
assets to Finnmap
Consulting, a leading
engineering and buil­
ding services company.
Advised a group of
private investors in
the disposal of a 33%
stake in Piaggio Aero,
a state of the art group
in the aviation industry,
developing and manufacturing unmanned
aerial systems, aircraft
and aero-engines for
private operators, go­
vernments and military,
to Mubadala.
CEL
Procurement
Advised on the Equity
Raise
Advised Private
Equity house LDC
on its investment in
CEL Procurement, a
procurement services
provider for public sector organisations.
Sentica is an
independent
Private Equity
company
Finland
Acquired 100% of the
Company Shares
Secto
Automotive
Oy
Corporate car
leasing service
and fleet
management
Finland
Advised the Seller
Advised Secto Automotive, Finland’s largest
privately-held car
leasing company, on its
sale to Funds managed
by Sentica Partners.
The deal furthers
Secto’s growth strategy
for its leasing services.
16 / Consumer Products & Services
Excellere
Capital
Management
Private Equity
Firm
United States
Acquired 100% of
Business Operations
G2 Partners,
LLC
Consulting Firm
United States
Advised on Purchase
of Company
Served as the buy-side
advisor to Excellere
Capital Management,
LLC ,a Private Equity
Firm, in its acquisition
of G2 Partners, LLC, a
rapidly-growing consultant and advisor to
the energy, transportation & manufacturing
industries.
Professional Services
GE Healthcare
Trex Services
Logistics company
United States
Technology,
services, research
for healthcare
sector
United
Kingdom
Acquired 100% of
Business
Acquired Majority
Control of Business
Operations
Turner Rapid
Express
Finnamore Ltd
Logistics company
United States
Advised on Sale of
Company
Advised Turned Rapid
Express, a US based logistics company, on its
sale to Trex Services.
Trex is an entity formed
by an individual for the
purpose of acquiring the Turner Rapid
Express.
LDC
Private Equity
house
United
Kingdom
Acquired Majority
Control of Business
Operations
Away Resorts
Holdings
Limited
Consultancy
services to UK
healthcare sector
United
Kingdom
Holiday park
operator
United
Kingdom
Advised on Sale of
Company
Advised on Sale of
Company
Advised Finnamore,
one of the leading
dedicated health and
social care consultancies in the UK, on its
sale to GE Healthcare
(NYSE: GE).
Advised the shareholders of Away Resorts,
the UK holiday park
owner and operator, on
its agreed sale to midmarket Private Equity
house LDC.
TRAVEL SERVICES
17
consumer
staples
Wilmar
International
Leading agri
commodities
player
Singapore
Acquired Equity
Stake - Joint Venture
Agreement
Shree Renuka
Sugars
Limited
India’s
largest sugar
manufacturer
India
Advised Seller
Up to $200M
Source: Thomson Reuters
1 PwC
2 KPMG
3 Rothschild
4 IMAP
5 Deloitte
6 BDO
7 Ernst & Young LLP
8 Sumitomo Mitsui Finl
Grp Inc
9 Mizuho Financial Group
10 Rabobank NV
Entailed infusion of
$200 million of primary
capital by Wilmar International Limited
through its 100% subsidiary Wilmar Sugar
Holdings into Shree
Renuka Sugars Limited
(SRSL) under a Joint
Venture Agreement
with both parties holding equal shareholding
and board representation in SRSL.
Qualified
Moroccan
Investors
Undisclosed
Undisclosed
description
India
Acquired Selected
Assets
Sir Shadi Lal
Enterprises
Ltd
Sugar
manufacturer
based in India
India
Advised Seller
Advised Sir Shadi Lal
Enterprises on the
strategic sale of UNN
Sugar Complex to an
undisclosed buyer.
Agriculture and Livestock
Qualified
Moroccan
investors;
Fitch ratings
Morocco
$35 Million Senior
Notes Issued to
Moroccan Investors
Zalagh
Holding
Integrated player
in the Moroccan
poultry industry
Morocco
Senior Notes Issued
to Moroccan Investors and Rating
Senior notes issued to
Moroccan investors
and rating.
18 / Consumer Staples
La Doria SpA
PrimaMundo
Group
Distributor of daily
fresh fruits and
vegetables
Belgium
EBRD
Development
financial
institution
Morocco
$12 million Senior
Notes Issued to EBRD
Zalagh
Holding
Integrated player
in the Moroccan
poultry industry
Morocco
Exclusive Financial
Advisor on EBRD
Private Placement
Acted as the exclusive
financial advisor on
EBRD’s private placement.
International
Finance
Corporation
Largest global
development
institution
Morocco
Equity Injection of $24
million
Zalagh
Holding
Integrated player
in the Moroccan
poultry industry
Morocco
Advisor on an Equity
Private Placement
Advised on an equity
private placement of
$24 million in Zalagh
Holding.
Agriculture and Livestock
Acquired 100% of
Business Operations
Alva Verse
Vruchten nv
Distributor of daily
fresh fruits and
vegetables
Belgium
Advised on Sale of
Company
Advised the sharehol­
ders of ALVA Verse
Vruchten, an importer
and distributor of fresh
fruit and vegetables, in
the sale of their business to PrimaMundo
Group. PrimaMundo
is active in the same
market achieving a
turnover of € 150
million.
Food and Beverage
Production of
tomato based
products
Italy
Acquired 100% of
Business Operations
Pa.Fi.Al. Srl
(Althea SpA
Delfino SpA)
Production of
ready to use pasta
sauces
Italy
Advised on Sale of
Company
Advised the sharehol­
ders of Pa.fi.al. Group,
controlling Althea and
Delfino, both leading companies in the
European private label
segment of ready to
use pasta sauce market, in the disposal of
100% to La Doria, listed
company engaged
in the production of
tomato based products,
canned vegetables and
fruit juices.
A Group
of Private
Investors
A group of private
investors
Turkey
Acquired Investment
Interest
Likya Tarim
Turkey-based
agricultural
company
Turkey
Advised on Purchase
of Company
Advised a group of private investors on their
purchase of a minority
stake in Likya Tarim, the
Turkey-based pioneer
and agricultural innovator company specialized in almonds.
19
Delika Food
Group A/S
Manufacturer of
processed meat
products for retail
Denmark
Balconi Family
Investment
Holding
Italy
Acquired 100% of
Business Operations
Fida S.r.l.
Jelly candies
producer
Italy
Advised on Sale of
Company
Advised Credem
Private Equity SGR
and the disposal of
100% share capital of
Fida, an Italian leader
in the candy sector,
to a group of private
investors.
Acquired 100% of
Business Operations
Eberhart A/S
Manufacturing
and sale of
smoked meat
products
Denmark
Advised on Sale of
Company
Advised Eberhart, a
family owned meat
processing company in
the production of boiled
and smoked products
of high quality, on its
sale to Delika Food
Group,a Danish processer of a wide range of
meat products for the
retail and food service
segments.
Davide
Campari
Milano SpA
Leading Italian
player in the
spirits business
Italy
Acquired 100% of
Business Operations
F.lli Averna
SpA
Producer of the
the well known
Amaro Averna
Italy
Advised on Sale of
Company
Advised the sharehol­
ders on the disposal of
Averna, an Italian leading spirit company, to
Campari Group, a major
player in the global
branded beverage industry, with a portfolio
of over 50 premium
and super premium
brands marketed and
distributed in over 190
countries worldwide.
WHW Bakeries
Retail seller of
bread products
Ireland
Acquired 100% of
Business Operations
Irish Pride
Bakeries
Ireland’s second
largest bakery
Ireland
Advised on Sale of
Subsidiary
Advised One Fifty One
on the sale of Irish
Pride Bakeries to WHW
Bakeries, a Lloyd Group
company. The Lloyd
Group is a diversified
holding company with
interests in the IT and
engineering sectors.
Irish Pride is Ireland’s
second largest bakery,
with sales in excess of
€ 50 million. The acquisition provides WHWB
with a foothold in the
Irish bakery industry.
Wagner
Holding GmbH
Family Office of
an entrepreneurial
family
Germany
Acquired 49% of
Business Operations
Ökofrost
GmbH
Wholesaler of
organic frozen
foods
Germany
Advised on Aquisition of Portfolio
Company
Advised Wagner
Hol­ding GmbH on the
acqui­sition of a 49%
stake in Ökofrost GmbH,
thereby expanding its
portfolio of innovative
SMEs in the sustainable
food sector.
20 / Consumer Staples
Carlyle
Cardinal
Ireland
AS Group
Leading food and
beverage producer
Bosnia and
Herzegovina
Paladin
Capital
Partners
Private Equity
fund
Italy
Acquired 100% of
Business Operations
Greci Industria
Alimentare
SpA
Production and
distribution of
food products
Italy
Distressed M&A
Advised Greci Industria
Alimentare, leader
in the production
and distribution of
food products, in its
disposal to the Private
Equity Paladin Capital
Partners.
Food and Beverage
Acquired Majority
Control of Business
Operations
Klas dd
The leading
industrial mill and
bakery in Bosnia
Bosnia and
Herzegovina
Advised on Sale of
Company
Advised Klas d.d.,
market leader in
the milling & bakery
industry in Bosnia and
Herzegovina, in the
sale of an undisclosed
majority interest to AS
Jelah Group. The deal
enables AS Group to
strengthen, expand
business operations
in line with becoming
BIH’s leading player in
the food industry.
€300m Irish PE
fund founded by
The Carlyle Group
Ireland
The European
Bank for Reconstruction
and Development (EBRD)
Development
financial
institution
Morocco
Mezzanine Loan
Subscribed by EBRD
Citruma
Producer of juices
and concentrated
citrus
Morocco
Advised on a Mezzanine Loan Subscribed
by EBRD
Advised on a mezzanine loan subscribed
by EBRD.
ARX Equity
Partners and
Darby Private
Equity
Regional Private
Equity Firms
Hungary
Acquired 100% of
Business Operations
Gramex 2000
Kft & G.F
Investment
Kft.
Manufacturer of
soft drinks
Hungary
Advised on Sale of
Company
Advised Gramex, a
Hungary based manufacturer of soft drinks,
on its sale to ARX
Equity Partners and
Darby Private Equity.
Acquired Majority
Control of Business
Operations
Lily O’Brien’s
Premium
chocolate
and dessert
manufacturer
Ireland
Advised on Sale of
Company
Advised the shareholders of Lily’s
Limited on the sale
of Lily O’Brien’s, an
Irish manufacturer of
premium chocolates
and desserts, to Carlyle
Cardinal Ireland. Lily
O’Brien’s represents
CCI’s first investment in
Ireland; the transaction
positions the business for international
growth.
21
Glanbia, Plc
Global nutritional
solutions and
cheese group
Ireland
Acquired 100% of
Business Operations
Nutramino
Holding ApS
Danish sports
nutrition brand
Denmark
Advised on Sale of
Company
Advised Roll-o-Matic
A/S, a leading player
on the Scandinavian
market for sports
nutrition products, on
its sale to Glanbia, with
sales in more than
130 countries. The
acquisition expands
Glanbia’s presence in
the Nordics within the
performance nutrition,
healthcare and education sectors.
The Abraaj
Group
Private Equity
Firm in the Middle
East
United Arab
Emirates
Acquired Majority
Control of Business
Operations
Yörsan Gida
Mamulleri San
ve Tic A.S.
One of the largest
dairy producers
Turkey
Advised on Purchase
of Company
Acted as the exclusive
financial and strategic
advisor to The Abraaj
Group in its agreement
to acquire a majority
stake in Yörsan, one of
Turkey’s largest dairy
producers. The deal
offers Yörsan strategic
market opportunities.
Univeg Group
NV
Fresh produce
grower and
distributor
Belgium
McCormick &
Company
Acquired 100% of
Business Operations
One of global
leaders in flavor
United States
Empire World
Trade Ltd
Acquired
Fresh produce
distributor
United
Kingdom
Advised on Sale of
Company
Advised Empire
World Trade on its
cross-border sale to
UNIVEG Group. This
deal is an example of
the predicted trend for
more deals in the food
and beverage space
as European strategic
buyers aim to increase
their exposure to UK
markets.
Wuhan
Asia-Pacific
Condiments
One of the leading
flavor suppliers in
China
China
Advised on Purchase
of Company
Advised McComirck &
Co on the acquisition of
Wuhan Asias-Pacific
Condiments, one of the
leading flavor suppliers
in China. This enables
McCormick to increase
its presence in the
country.
Alicorp
Leading consumer
goods company
Peru
Acquired 100% of
Business Operations
Pastificio
Santa Amalia
Pasta and other
food products
manufacturer
Brazil
Advised on Sale of
Company
Advised Pastificio Santa Amalia, a producer
of pasta and other food
products, on its cross
border sale to Alicorp,
the leading consumer
goods company based
in Peru.
22 / Consumer Staples
Kwik Tek
Provides summer
recreational
products
United States
Fuji Oleos
America do
Sul
Subsidiary of Fuji
Oil Co., Ltd.
Brazil
Acquired Majority
Control Of Business
Operations
Harald
Alimentos
Chocolate
Manufacturer
Brazil
Advised on Purchase
of Company
Advised Fuji Óleos
América Do Sul,
Importaçao, Serviços e
Comércio de Produtos
Alimentícios Ltda., on
its purchase of the
chocolate manufacturer Harald Indústria e
Comércio De Alimentos
Ltda.
Food and
Beverage
Acquired 100% of
Business Operations
Undisclosed
Buyer
Paper
manufacturer
Peru
Acquired selected
assets of Seller
inlcuding Minerva
Brand
Viuda de
Mariategui
(MINERVA)
Paper products
and notebooks
manufacturer
Peru
Advised on Sale of
main Assets including
MINERVA Brand
Advised on sale of
main Assets including
MINERVA Brand to an
undisclosed buyer.
Yukon
Charlie’s
Designs winter
& outdoor
recreational
products
United States
Advised on Sale of
Company
Represented Syner­gy
Sportz, dba Yukon
Charlie’s, in its sale to
Kwik Tek Inc. Yukon
Charlie’s is a branded
recreational products
company that designs
and develops winter
sports and outdoor
lifestyle products, specializing in snowshoes.
Kwik Tek Inc. is a designer and distributor
of branded consumer
goods for the outdoor
recreation industry.
Other Consumer Staples
Dorel
Industries Ltd.
Manufactures,
& sells juvenile
products and
bicycles
Canada
Acquired 100% of
Business Operations
Tiny Love Ltd
Baby Products &
developmental toy
company.
Israel
Advised on Sale of
Company
Advised Tiny Love, an
award-winning baby
products and developmental toy company
headquartered in Tel
Aviv, Israel, on its sale
to Dorel Industries. Tiny
Love is a recognized
innovator in developmental toys for babies
and toddlers. Dorel
Industries is a world
class juvenile products
and bicycle company.
Palatine
Private Equity
Private Equity
house
United
Kingdom
Acquired Majority
Control of Business
Operations
Character
World Holdco
Limied
Designer &
distributor of
home furnishings
United
Kingdom
Advised on
Secondary MBO
Advised Character
World, a licensed
bedding specialist, on
a £36 million secondary
management buyout
backed by Palatine
Private Equity.
Textiles and Apparel
23
Energy
& Power
Hansol Paper
Co Ltd
Paper producer
Democratic
People’s
Republic of
Korea
Acquired 100% of
Business Operations
Telrol BV
Label
manufacturer
Netherlands
Advised on Sale of
Company
Advised Telrol, a
leading European
manufacturer of self
adhesive labels, on the
sale to Hansol Group,
a listed South Korean
conglomerate with
operations in paper
production, chemicals,
home decoration and
IT parts having sales of
$ 726 million.
Modalliance
Holding
France
Acquired 100% of
Business Operations
Codis
International
Textile trading
company
France
Advised on Purchase
of Company
Advised a manager in
the acquisition of Codis
International, with
the support of PEGs
Entrepreneur Venture
& Ouest Croissance.
Founded over 30 years
ago, Codis International
is a leader in massmarket clothing (1500
apparel models and
underwear). Headquartered in South West of
France, the company
has 3 other regional
locations.
VB Enterprise
A/S
Up to $200M
Source: Thomson Reuters
1PwC
2 RBC Capital Markets
3KPMG
4 Ernst & Young LLP
4*Simmons & Co
International
6 Goldman Sachs & Co
6*Evercore Partners
8 Macquarie Group
9Citi
10Lazard
11 Morgan Stanley
12Rothschild
13 Bank of America
Merrill Lynch
14 Tudor Pickering
& Co LLC
14*Deloitte
16 M&A International
16* IMAP
18Barclays
Installation and
service of wind
turbines
Denmark
Acquired Majority
Control
APRO Wind
A/S
Installation and
service of wind
turbines
Denmark
Advised on Sale of
the Company
Advised Apro Wind in
their sale to VB Enterprise (controlled by Via
Venture Partners). Apro
Wind employs around
200 employees and
performs mechanical
installation and service
tasks for wind turbines
manufacturers and
park owners, globally.
Alternative
Energy Sources
24 / Energy & Power
Consortium
of Private
Investors
Antofagasta
Minerals S.A.
Cepsa S.A.
Copper mining
group
Chile
Acquired 40% Interest
in Project
Alto Maipo
SpA
531MW hydro
power project
Chile
Advised on Purchase
of Company
Advised Antofagasta
Minerals, in its acquisition of a 40% stake in
Alto Maipo SpA, a 531
MW hydro power project being developed
by AES Gener in the
central part of Chile.
Alternative
Energy Sources
Montepio
Geral
Commercial Bank
Portugal
Provided Revolving
Credit Facility
Gascan, S.A.
Distribution and
market of propane
gas
Portugal
Advised on Restructuring Financial
Obligations
Advised Gascan on its
financial obligations’
restructuring.
Oil and Gas
An integrated
energy company
Spain
Capital Restructuring
and Business
Expansion in China
Cepsa S.A.
Cumene
production
China
Advised on Recapitalization of Company
Advised the Spanish
energy group Cepsa
S.A. on the completion
of the capital restructuring of its investment
in China and expansion
of its China presence
for cumene production.
Consortium of
private investors
Russia
Acquired 62% stake
CJSC Uralneftegazprom
Oil & gas
exploration and
development
project
Russia
Advised on Purchase
of Company
Advised investors on
the acquisition of a
majority interest in
UNGP from Stroytransgaz, a leading oil
& gas infrastructure
construction company.
UNGP is a developer of
oil and gas fields in the
Orenburg region.
OTK Group
Midcap integrated
oil and gas
company
Russia
Acquired 100% of
Business Operations
Izhevsky oil
refinery
Oil refinery
Russia
Advised on Purchase
of Company
Advised OTK Group,
a Russian midcap
integrated oil & gas
company, on its
acquisition of Izhevsky
oil refinery, a Russian
oil refinery. This acquisition provides OTK
Group better access to
resources, strengthening its market position.
25
Mitta Oy
Newco
Major oil company
Belgium
Energy efficiency
performance
certification
United
Kingdom
Acquired 100% of
Shares
Acquired Investment
Interest
Verolma
Maastricht
Beheer BV /
Verolma BvbA
Stroma
Lukoil Belgium
NV
Retail petrol
stations
Netherlands
Advised on Purchase
of Company
Advised Lukoil on its
acquisition of 59 gas
stations in Belgium
and the Netherlands.
According to Bulat
Subaev, managing
director of LUKOIL
Belgium, entering the
Dutch market fits with
LUKOIL’s gas station
expansion strategy in
the Benelux market.
Energy efficiency
performance
certification
United
Kingdom
Advised on Purchase
of Company
Provided debt advisory
and strategic buy-side
support to LDC for its
investment in Stroma.
Stroma, with a strong
market position in certification and fieldforce
software within the
domestic and commercial energy market, is
well-placed to leverage
this market’s growth
opportunities.
Other Energy
and Power
Provider of
geodetic
surveying and
measurement
Finland
Acquired 100% of
Shares
Kemijoki
Aquatic
Technology Oy
Hydrology and
geotechnic
services
Finland
Advised on Sale of
Company
Advised the most
important producer of
hydroelectric power
and related services
in Finland, Kemijoki
Oy, to sell its subsi­
diary Kemijoki Aquatic
Technology Oy to Mitta
Oy. The divestment was
an important part of
Kemijoki Oy’s change
management program
to streamline its organizational structure.
Power
Fina Enerji
Holding A.S.
Developer and
constructor of
energy projects
Turkey
Acquired Majority
Control of Business
Operations
Polyak Enerji
Üretim
Madencilik
San. Tic. A.S.
Company engaged
in coal based
energy generation
Turkey
Advised on Purchase
of Company
Acted as the exclusive financial and
strategic advisor to
Fina Enerji Holding in
its acquisition of a 70%
stake in Polyak Enerji
Üretim Madencilik San.
Tic. A.S., a company
engaged in energy
generation.
BW Rogers Co
Value-added
distributor of fluid
power products
United States
Acquired 100% of
Business Operations
K-D Fluid
Power Corp
Value-added
distributor of fluid
power products
United States
Advised on Purchase
of Company
Advised B.W. Rogers,
a 20-year client, on
its acquisition of K-D
Fluid Power. Both are
established distributors of Parker Hannifin
(NYSE: PH) hydraulic
and pneumatic products. IMAP’s relationship with PH has been
influential in launching
the consolidation trend
of its distributorships.
26 / Energy & Power
Sierra Gorda
SCM
A new copper
mine in Chile.
$2.88 bn
invesment
Chile
Pure
Technologies
Develops
technologies for
water pipelines
Canada
To contract Power
Supply for 251 MW
for 20 yrs. & the
Development of a
New 500 MW Power
Plant
Empresa
Eléctrica
Cochrane S.A.
Power generator
Chile
Advised on a Bidding
Process to Purchase
Long Term Power
Supply & Development of a New Power
Plant
Advised Sierra Gorda
on the tendering of a
20-year power purchase agreement (PPA)
for its Sierra Gorda
greenfield mining project, including construction of a new coal-fired
power plant. Empresa
Eléctrica Cochrane
S.A. (subsidiary of AES
Gener S.A.) will supply
in total 251 MW.
Power
Number of
Institutional
Investors
Acquired 100%
of Business
Infrastructure
BHP Billiton
Mining group
Australia
Secured Long-Term
Power based on the
Construction of a
New Combined Cycle
Power Plant
Kelar S.A.
Power generator
Chile
Financial Advice on
Bidding Process
Acted as financial
advisor to BHP Billiton
on the bidding process
to secure long-term
power based on the
construction and
operation of Kelar (517
MW) combined cycle
power plant.
Wachs Water
Services
Water flow
control
maintenance &
support
United States
Advised Company
on Sale
Advised Wachs Valve
and Hydrant Services,
LLC (“Wachs Water
Services”) on its acquisition by Pure Technologies Ltd. Wachs
Water Services is a
leading provider of flow
control maintenance
and support, leak
detection and related
asset management
services to the water
sector in the United
States.
Veitransport
AS
Number of
institutional
investors
United
Kingdom
Logistics
Norway
Acquired One51 PLC
Shareholding in
Augean PLC
Acquired 100% of
Business Operations
Augean PLC
Mathisen
Renovasjon
AS
A national
sanitation
company
Norway
Advised on Purchase
of Company
MECE Invest AS, which
owns the transport
companies Veitransport
AS and Veikran AS,
has acquired 100% of
the shares in Mathisen
Renovasjon AS. The
acquisition strengthens the Veitransport
Group’s position within
refuse collection and
waste management.
Water and Waste Management
Specialist waste
management
company
United
Kingdom
Advised on Sale of
Shares in Subsidiary
Advised One51 PLC
on the disposal of its
stake in Augean PLC,
a UK hazardous waste
management company
listed on the Alternative
Investment Market. The
sale represented an
important step One51’s
strategy to divest of
non-core assets and
focus on its plastics
and environmental
service business in
Ireland, the UK and
China.
27
Financials
Empresas
Públicas de
Medellín
Rakuten
Securities
Multi-utility
provider of
regulated services
Colombia
Online brokerage
firm
Japan
Acquired 100% of
Business Operations
Acquired 100% of
Business Operations
Aguas de
Antofagasta
S.A.
FXCM Japan
Securities
Online retail FX
brokerage firm
Japan
Water company
serving
Antofagasta
Region, Chile
Chile
Advised on Purchase
of Company
Advised Empresas
Publicas de Medellin,
a multi-utility provider
of regulated services,
on its cross border
acquisition of the
water company Aguas
de Antofagasta, based
in Chile.
Advised on Sale of
Subsidiary
Up to $200M
Source: Thomson Reuters
1 PwC
2 KPMG
3 Ernst & Young LLP
4 Lazard
5 Rothschild
6 IMAP
7 Houlihan Lokey
7*Deloitte
9 BDO
10 Goldman Sachs & Co
Advised FXCM, the
leading US-based
global provider of online foreign exchange
trading and related
services, in the sale of
100% of its shares of
FXCM Japan Securities
to Rakuten Securities,
a leading online securities firm in Japan, for
$62 million.
Brokerage
Coast Capital
Savings
Credit union
operating
throughout
Canada
Canada
Acquired the Prime
Equipment and
Vehicle Finance
Assets
Travelers
Financial
Corp. Vehicle Asset
financing
division
Equipment finance
broker
Canada
Advised on Sale
Advised on the sale
of Travelers Financial
Corp’s vehicle financing
assets to Coast Capital
Savings, a credit union
operating throughout
Canada.
Credit Institutions
28 / FINANCIALS
3i Debt
Management
Limited
A leading debt
management
business
United
Kingdom
Acquired €2 billion
CLO Management
Contracts
7 European
CLOs from
Invesco
Investment
management
corporation
United
Kingdom
Advised on the Acquisition of €2 billion
CLO Management
Contracts
Advised 3i Debt
Management on the
acquisition of seven European Collateralised
Loan Obligation (‘CLO’)
management contracts
from Invesco. The
transaction builds on
the company’s strategy
to grow its business
and take advantage of
attractive opportunities,
in Europe and North
America.
Credit
Institutions
Sterling
Bancorp
Offers banking
products and
services
United States
Acquired 100% of
Business Operations
Damian
Services
Corporation
MacQuarie
Capital Pawn
Holdings LLC
Bank
United States
Pawn store
operator
United States
Provided Acquisition
Funding
Acquired 100% of
Assets
Provider of payroll
funding and
services
United States
Capital Pawn
Holdings LLC
Capital Pawn
Inc.
Operator of pawn
locations
United States
Pawn store
operator
United States
Advised on Sale of
Company
Advised on Placement of Debt
Advised on Purchase
of Company
Advised Damian
Services Corporation,
a payroll funding and
services provider, on
its sale to Sterling
Bancorp (NYSE: STL),
through its principal
subsidiary Sterling
National Bank.
Diversified Financials
Advised a family office
in its acquisition of
Capital Pawn Holdings,
LLC. Capital Pawn
Holdings, LLC is a leading operator of pawn
store locations in the
Southeastern United
States.
Advised a family office
in its acquisition of
Capital Pawn Holdings,
LLC. Capital Pawn
Holdings, LLC is a leading operator of pawn
store locations in the
Southeastern United
States.
Undisclosed
Undisclosed
description
India
Acquisition of 7.5%
equity stake
National
Commodity
& Derivatives
Exchange Ltd.
Leading
commodities
& derivatives
exchange in India
India
Advised on Sale of
Equity Stake
Advised on sale of 7.5%
equity stake in NCDEX
to an undisclosed
buyer for $ 10 million.
Exchanges
29
Tryg
Forsikring A/S
Nordic insurance
provider
Denmark
Acquired 100% of
Business Operations
Securator A/S
Extended
warranties
for consumer
electronics
Denmark
Advised on Sale of
Company
Advised Securator
A/S (DK) – Denmark’s
leading provider of
extended warranties
for consumer electronics – in their sale to
the Nordic insurance
group Tryg Forsikring
A/S (DK).
Insurance
CADCO
Holdings
Hub
International
International
insurance brokers
United States
Acquired 100% of
Business Operations
CanSure
Underwriting
General agency
commercial
property and
liability
Canada
Advised on Sale of
Company
Advised Can Sure
Underwriting, a commercial property and
liability agency, on its
sale to HUB International, an insurance
brokers company.
KJK Capital
OY
An independent
asset manager
Finland
Acquired Majority
Control of Business
Operations
Iskra ISD
Manufacturer of
plastic and metal
components
Slovenia
Advised on Sale of
Company
Advised Iskra ISD, a
manufacturer of plastic
and metal components,
on its cross border
sale to KJK Capital,
and independent asset
manager.
Other Financials
Grant
Thornton
Belgium
Audit,
accountancy and
tax
Belgium
Acquired Majority
Control of Business
Operations
BeAligned
Belgium
Strategy
implementation
Belgium
Advised on Sale of
Company
Advised BeAligned
Belgium on the sale of
its business operations
to Grant Thornton.
Private investing
entity
United States
Provided Growth
Funding
Latin
American
Consumer
Finance
Consumer finance
company
Mexico
Advised on the
Placement of Debt
Advised a financial
buyer to finance the
growth of Latin American Consumer Finance,
LLC. Latin American
Consumer Finance, LLC
is a leading operator
of installment lending
locations in Mexico.
30 / FINANCIALS
Groupe
Chèque
Déjeuner
Healthcare
#3 global
provider of
voucher and
prepaid cards
France
Acquired 100% of
Business Operations
Sí Vale
(Prestaciones
Universales)
#1 Mexican
provider of
voucher and
prepaid cards
Mexico
Other Financials
Siegfried
Group
Private Equity
house
United
Kingdom
Contract
manufacturing
organization for
pharma
Switzerland
Acquired Majority
Control of Business
Operations
Acquired 100% of
Business Operations
Nurse Plus
and Carer Plus
(UK) Limited
Advised on Purchase
of Company
Advised Group Chèque
Déjeuner, third-largest
player worldwide in its
market, in its acquisition of Si Vale. The
transaction enables
the buyer to access the
American continent,
establishing Mexico
as a hub to expand in
other countries such as
Colombia, Peru, Chile,
United States and
Canada.
Sovereign
Capital
Partners LLP
Up to $200M
Source: Thomson Reuters
1 KPMG
2 PwC
3 Houlihan Lokey
4 BDO
5 IMAP
6 The Braff Group
7 Rothschild
8 Deloitte
9 Jefferies LLC
10 Ernst & Young LLP
Provider of nurses
and carers
United
Kingdom
Advised on Purchase
of Company
Nurse Plus, a provider
of staffing solutions &
homecare services,
has received significant investment from
Sovereign Capital in a
deal advised by IMAP.
Hameln
Pharma
Sterile filling of
pharmaceutical
products
Germany
Advised on Sale of
Subsidiaries
Advised Hameln Group
in carving out its
contract manufacturing
unit and sell it to the
strategic buyer Siegfried. The divestment
helps Hameln to focus
on its branded generic
business.
Biotech/Pharma Services
(CRO, CMOs and Tools)
31
União Quimica
Leading Brazilian
pharmaceutical
company
Brazil
Acquired a
Manufacturing
Facility
Novartis Taboa
da Serra plant
Global leading
pharmaceutical
company
Brazil
Advised on Sale of
Assets
Advised Novartis in
carving out its non-core
solid manufacturing
plant in Brazil from its
commercial business
and sell it along with
a long term toll manufacturing agreement
to the local lab União
Quimica.
Biotechnology Pharmaceuticals
Abbey Pharma
Ltd
Laczay Family
SBK Holding
Turkey-based
conglomerate
Turkey
Acquired 100% of
Business Operations
Biofarma Pharmaceutical
Indsutry Co.
Turkey-based
manufacturer of
generic drugs
Turkey
Advised on Purchase
of Company
Advised SBK Holding,
the Turkey-based
conglomerate, on its
acquisition of Biofarma,
established in 1945 and
one of the oldest manufacturer of generic
drugs in Turkey.
Majority owners
of target
company
Hungary
Acquired 25% Shares
from the Minority
Owner
Lavet Kft.
A leading
veterinary
producer and
distributor
Hungary
Advised on Sale of
25% Shares of the
Company
Advised on sale of the
sale of 25% shares
of Lavet, a leading
veterinary producer
and distributor to the
Laczay family, the
majority owners of the
business.
SBK Holding
Turkey-based
conglomerate
Turkey
Acquired 100% of
Business Operations
Münir Şahin
İlaç Sanayi
Turkey-based drug
manufacturer
Turkey
Advised on Purchase
of Company
Advised SBK Holding,
the Turkey-based
conglomerate, on its
acquisition of Münir
Şahin İlaç, established
in 1929 and one of the
most deep rooted drug
manufacturer in Turkey.
Supplier of niche
pharmaceutical
medicines
United
Kingdom
Acquired 100% of
Business Operations
Peckforton
Pharmaceuticals Ltd
Speciality
pharmaceutical
company
United
Kingdom
Advised on Sale of
Company
Specialist pharmaceuticals company
Peckforton has been
acquired by Abbey
Pharma, in a transaction advised by IMAP.
32 / Healthcare
Stada
Arzneimittel
AG
Galderma S.A.
World-leading
dermatology
group
Switzerland
Fagron BV /
Arseus NV
Pharmaceutical
compounding
Netherlands
Sold Remaining 49%
Stake
Unit Dose
Packaging BV
Innovative
medical unit dose
packaging
Netherlands
Advised on Sale of
Company
Advised Hanto Invest,
Allcare 4 IT and 4C
Care & Consultancy in
their sale of patents regarding single packaging of pharmaceuticals
to Fagron NV a listed
company.
Biotechnology Pharmaceuticals
Acquired 100% of the
Shares
Spirig Pharma
AG
European
dermatology
group
Switzerland
Advised on Sale of
Company
Advised Spirig Pharma
on its sale to Galderma,
a joint venture of
Nestlé and L’Oreal .
The deal is expected to
significantly strengthen
Galderma’s position in
the dermatology market
in CH, DE, AT, CZ, and
SK; expand global
distribution for Spirig’s
skin care and dermatology products.
Leading provider
of OTC and
generic drugs
Germany
Acquired 100% of
Business Operations
Spirig
Healthcare AG
OTC & generic
drugs carve-out of
Spirig Pharma AG
Switzerland
Advised on Carve-out
/ Sale of a Business
Unit
Advised the owners
of Spirig Pharma on
the sale of its generic
drugs and OTX business unit. The business
unit was spun off into
a new legal entity,
which was then sold to
STADA. The transaction was initiated to
leverage accelerating
global consolidation
in the generic drugs
industry.
Undisclosed
Buyer
Manufacturer
and distributor of
medical products
Sweden
Acquired 100% of
Business Operations
Countrywide
Supplies Ltd
Distributor of
prescription
medical products
United
Kingdom
Advised on Sale of
Company
Advised Countrywide
Supplies, a leading
distributor of prescription medical products,
on its cross-border sale
to Atos Medical. This
transaction further supports Atos Medical’s
commitment to the UK
market and consumers.
Sterling
Partners
Private Equity
fund
United States
Acquired Business
Surgical
Solutions LLC
Healthcare service
provider for
operating rooms
United States
Advised on Sale of
Company
Advised Surgical Solutions, LLC in its majority
sale to Sterling Partners, a financial buyer.
Surgical Solutions,
LLC is a healthcare
services company
providing technicians
and equipment to hospital operating rooms
and surgery centers
in support of minimally
invasive surgeries.
Medical Devices - Equipment and Diagnostics
33
Lincare
Holdings
SBK Holding
Turkey-based
conglomerate
Turkey
Acquired 100% of
Business Operations
Betasan
Manufacturer of
bandages and
plasters
Turkey
Advised on Purchase
of Company
Advised SBK Holding,
the Turkey-based
conglomerate, on its
acquisition of Betasan
Bant, the first Turkey
based manufacturer
of adhesive bandages,
flexible bandages and
plasters.
Undisclosed
HNW
Individual
Financial investor
France
Acquired 100% of
Business Operations
FLAMARC
Distribution of
consumables to
dental labs
France
Advised on Sale of
Company
Advised the sale of
FLAMARC to an external manager. Founded
in 1979, FLAMARC is
an innovative company
specialized in manufacturing and distribution
of high end consumables for dental technicians.
Respiratory,
infusion therapy
& medical equip
United States
Acquired Selected
Assets of Business
Operations
Wright &
Filippis Non
Clinical Group
Prosthetics &
orthotics
United States
Advised on Sale of
Company
Lead a sale process for
Wright Filippis noncore
Sleep Therapy, Respiratory and DME service
lines. The transaction
represents a significant
step in the Company’s ultimate goal of
refocusing on its core
Prosthetics, Orthotics,
Mobility and Accessibility businesses.
EMKA TECHNOLOGIES
Silver Peak
Partners
Private Equity Firm
United States
Acquired 100% of
Business Operations
MedSource
Incorporated
Sales and
distribution of
durable medical
equipment
United States
Advised on Sale of
Company
Advised MedSource
Inc, a distributor
and seller of durable
medical equipment, to
Silver Peak Partners, a
Private Equity Firm.
Instruments for
medical research
France
Acquired 100% of
Business Operations
SCIREQ
Respiratory
research
equipments
Canada
Advised on Purchase
of Company
Advised EMKA
Technologies in the acquisition of 100% of the
share capital of SCIREQ
Scientific Respiratory
Equipement Inc., a
Canadian designer and
manufacturer of preclinical equipment for
respiratory research.
34 / Healthcare
LDC backed
management
team
UK-based Private
Equity House
United
Kingdom
Acquired 100% of
Business Operations
Prism UK
Medical Ltd
Moving and
handling
equipment
manufacturer
United
Kingdom
Advised on Sale of
Company
Assisted Prism Medical
on its strategic objective to exit the UK via
the sale of its UK
subsidiary through an
MBO backed by LDC.
IMAP also advised
the acquirer on debt
financing for the transaction, after running a
competitive process
with funders.
LifeLabs Inc
Medical
laboratory testing
services
Canada
LDC backed
management
team
UK-based Private
Equity House
United
Kingdom
Acquired 100%
Fort Mobile
High net worth
individual looking
for new platform
United States
BIOVENDOR
- Laboratorni
Medicina a.s.
Supplier of invitro diagnostics
products
Czech Republic
Acquired 100% of
Business
Acquired Part of the
Seller’s Business
Moving and
handling
equipment
manufacturer
United
Kingdom
Quality Mobile
X-Ray
Merebit s.r.o.
Raised Debt Funding
Advised on Purchase
of Company
Prism UK
Medical Ltd
Advised Toronto-based
Prism Medical Ltd
on the sale of its UK
subsidiary, through a
management buyout
backed by LDC.
Medical Devices - Equipment and Diagnostics
Mobile x-ray
service provider to
nursing homes
United States
Advised Fort Mobile on
its acquisition of Quality
Mobile X-Ray Services,
an x-ray services provider.
R&D of laboratory
equipment
Czech Republic
Advised on Sale of
Part of the Business
Advised Merebit,
a R&D of laboratory equipment
company, on its sale to
BioVendor, a supplier
of in-vitro diagnostics
products.
Acquired
BC Biomedical
Laboratories
Ltd
Medical
laboratory testing
services
Canada
Advised on Sale of
Company
Advised BC Biomedical on its sale
to LifeLabs. Both
companies provide
patient diagnostic and
lab testing services, as
well as home care and
long-term care visits.
The two companies are
merging to better serve
BC patients and their
health providers.
35
Elements
Behavioral
Health
Silver Peak
Partners
Mediplast AB
Private Equity Firm
United States
Distribution
of disposable
medical products
Sweden
Purchased 100% of
Business Operations
Acquired 100% of
Business Operations
Aamco
Medical
ErgoNordic AB
Sales and
distribution of
durable medical
equipment
United States
Advised on Sale of
Company
Advised Aamco
Medical, a Lehi-based
provider of medical
equipment, on its acquisition by Silver Peak
Partners. The deal is in
line with Silver Peak’s
investment strategies
for small companies.
Distribution
of disposable
medical products
Sweden
Advised on Sale of
Company
Advised ErgoNordic, a
distributor of products
within ostomy care,
surgery and wound
care, in their sale to
Mediplast, a Nordic
leader within disposables for the medical
sector, with subsidiaries in all Nordic
countries.
Other Healthcare
BENU Ceska
Republika a.s.
Pharmacy chain,
part of PHOENIX
Intl.
Czech Republic
Acquired 100% of
Shares
VEROPHARM
a.s.
Pharmacy chain
Czech Republic
Advised on Sale of
Company
Advised VEROPHARM,
a pharmacy chain
based in Czech
Republic, on the sale
of 100% of its shared to
BENU Ceska Republika,
a­nother pharmacy
chain part of PHOENIX
Int.
FIZAN BIS 2
Provides
behavioral health
care programs
United States
PZU SA
Investment Fund
Poland
Acquired 100% of
Business Operations
Acquired Majority
Control of Business
Operations
Park Bench
Group
A drug & alcohol
treatment center
United States
Advised on Sale of
Company
Advised Park Bench
Group, a progressive
addiction treatment
center specializing in
therapies for drug and
alcohol abuse, on its
acquisition by Elements
Behavioral Health.
Elements is a family of
behavioral health care
programs that offers
comprehensive, innovative treatment for
substance abuse, sexual addiction, trauma,
eating disorders and
other mental health
disorders.
ELVITA
Jaworzno III
Sp. z o.o.
Healthcare and
diagnostics,
occupational
medicine
Poland
Advised on Sale of
Company
Advised TAURON, # 2 in
Polish power generating sector, in the sale
of 7 clinics operated
by health care firm
Elvita Jaworzno III.
The transaction was
envisa­ged as an
element on TAURON’s
disposal of its non-core
assets. The company
was acquired by TFI
PZU, a fund managed
by Poland’s largest
insurer PZU S.A.
Patient Services (HMOs, Hospitals, Sr. Facilities)
36 / Healthcare
Industrials
Cambian
Group plc
Provider of
specialist
behavioural health
services
United
Kingdom
Acquired 100% of
Business Operations
Ansel Ltd
Specialist
personality
disorder services
United
Kingdom
Advised on Sale of
Company
Advised The Ansel
Group (Ansel), a
specialist in personality disorder services,
on its sale to London
Stock Exchange-listed
Cambian Group.
Fiba Saǧlik
Yatirimlari
A.S.
Allied Irish
Bank
Banking institution
United
Kingdom
Provided Term Loan
Facility
Vanguard
Healthcare
Group Ltd
Provider of mobile
surgical facilities
United
Kingdom
Represented the
Borrower
Vanguard Healthcare
Solutions has raised
£16.5 million in a debt
refinancing deal with
high street bank AIB, in
a transaction advised
by IMAP.
Patient Services
(HMOs, Hospitals, Sr. Facilities)
Fiba Group
Company engaged
in operating
hospitals
Turkey
Acquired Investment
Interest
Florence
Nightingale
Hastaneleri
Holding A.S.
One of the most
pretigious health
groups in Turkey
Turkey
Advised on Sale of
Company
Advised Florence
Nightingale Hastaneleri
Holding, Turkey based
health group, in its
50% stake sale to Fiba
Saǧlik Yatirimlari, a
Fiba Group Company.
Up to $500M
Source: Thomson Reuters
1 PwC
2 KPMG
3 IMAP
4 Ernst & Young LLP
5 Deloitte
5*BDO
7 Lincoln International
8 Mizuho Financial Group
9 Rothschild
10 M&A International
37
Webasto SE
Cooling & heating
systems for car,
truck & offroad
Germany
Acquired 100% of
Business Operations
Intro Aviation
GmbH
Specialists
in airline
restructuring
Germany
Acquired 100% of
Business Operations
CityJet
Regional business
airline
Ireland
Advised on Sale of
Subsidiary
Advised Air France on
the sale of its Irish subsidiary CityJet to INTRO
Aviation GmbH, a
subsidiary of the INTRO
Group. Intro Aviation
focuses on restructuring airlines and CityJet
is its eleventh such
investment.
Aerospace
and Defense
Komercni
banka a.s.
Leading merchant
bank in the Czech
Republic
Czech Republic
Provided Entire
Refinancing of the
Project
TESLA Jihlava
a.s.
Leading
mechatronic
composite parts
provider
Czech Republic
Advised on Restructuring of Debt and
Debt Refinancing
Advised on restructuring of debt and debt
refinancing.
Hebei Nanfeng
Automobile
Equipment
Group Co.,
Ltd.
Mercedes
AMG GmbH
Mercedes-Benz
automobiles
Germany
Heating devices
for buses and
trucks
China
Acquired Investment
Interest
Advised on Purchase
of Company
Production of
exclusive and
sport motorbikes
Italy
Advised Webasto
Thermo & Comfort
SE on the acquisition
of 70% of the shares
of Heibei Southwind
Automobile Equipment
(Group) Co., Ltd.; Heibei, China. Through this
acquisition, Webasto
has taken a solid step
in the fast-growing
Chinese market and
consolidated its market
leader position.
Automobiles and Components
MV Agusta
Motor SpA
Advised on Sale of
Company
Advised MV Agusta
Motor, leader in the
manufacturing and
distribution of exclusive
and sport motorbikes,
in opening its share
capital to MercedesBenz, German automotive leader.
Regimen
Equity
Partners
Private Equity
investor
Canada
Acquired 60% of the
Business
CRS
Cranesystems
Inc
Overhead bridge
crane service
Canada
Advised on Sale of
Company
Advised CRS Cranesystems on its sale to the
Private Equity investor
Regimen Equity
Partners.
38 / Industrials
Western
Power Sports
Distributor of
power sports
equipment
United States
Acquired Selected
Assets of Business
Operations
Marshall
Distributing
Distributor of
winter sporting
goods
United States
Advised on Sale of
Company
Advised Marshall Distributing on its sale to
Western Power Sports,
a catalog-based wholesaler of a wide range of
aftermarket parts and
accessories, as well as
sports apparel, for the
powersports market.
The transaction exceeded initial expectations and provided not
only complete recovery
to the lenders, but also
equity return to the
shareholders.
Per Vannesjo
Industri AB
Industrial
conglomerate
Sweden
Merlinum AB
Acquired 100% of
Shares
Private industrial
investment
company
Sweden
Ess Kå
Metallindustri
AB
Producer of
hydraulic pressed
components
Sweden
Advised on Sale of
Company
Advised Ess Kå
Metallindustri AB,
a leading Swedish
supplier of hydraulic
pressed and eccentric
pressed components
to the heavy vechicle
industry.
This transaction will
generate both Ess
Kå Metallindustri
and Ekenäs Mekaniska a well-balanced
customer and product
portfolio, as well as
improved cross-selling
potential.
Automobiles and Components
TA Holding
GmbH,
Obermark
Value
SPV
Czech Republic
Private Equity
company
Germany
Acquired 65% of the
Company
Acquired 100% of
Business Operations
Telcska
Strojirenska,
a.s.
THUN
Automotive
GmbH
TEGR, a.s.
High precision
automotive
engines parts
producer
Czech Republic
Advised on Sale of
65% Shares
Advised on sale of
65% shares of Telcska
Strojirenska to TEGR.
Automobile
supplier
Germany
Advised on Sale of
Company
Advised an investment
fund on the acquisition
of 100% of the shares
of THUN Automotive
GmbH, Gevelsberg.
Acquired 100% of
Business Operations
Swepart
Transmission
AB
Manufacturer of
gearboxes and
gearwheels
Sweden
Advised on Sale of
Company
Advised Hexagon on its
divestment of SwePart.
Taken private by Hexagon in 1999, SwePart,
with EBP, comprised
Hexagon’s “Other
Operations” division.
EBP was sold in 2013;
this deal is in alignment
with Hexagon’s strategy to focus on its core
business.
39
Inter IKEA
Investments
AB
Investment group
Sweden
Acquired 40% of
Business Operations
Ryds Bilglas
AB
Leading vehicle
glass repair and
replacement
group
Sweden
Advised on Sale of
Company
Advised Ryds Bilglas
on its sale of a 40%
stake to Inter IKEA
investments. The deal
provides Ryds with an
opportunity to build a
stronger platform. During the deal process,
Ryds Bilglas acquired
Sweden’s third largest
glass player, Samglas.
Yellow Dot,
Inc.
Grupo
Gerencial
Private investors
Argentina
Acquired 70% Shares
Mecanismos
International
SA
Argentine market
of OEM
Argentina
Advised on Purchase
of Company
Advised Mecanismos
International SA, a
Buenos Aires-based
manufacturer of motor
vehicle parts, on the
divestment of a 70%
interest in the company
to an undisclosed acquirer.
Private Equity
United States
SIG plc
Distributor
insulation and
ventilation
products
United
Kingdom
Acquired 100% of the
Business
Multijoint
Distributor of
insulation and
ventilation
products
Switzerland
Advised on Sale of
the Company
Advised Multijoint, a
distributor of insulation
and ventilation products, on its sale to SIG.
Acquired 100% of
Business Assets
Yellow Dot,
LLC
HVAC Installer &
Servicer
United States
Advised on Sale of
Company
Advised Yellow Dot
Heating and Air
Conditioning in its
sale to a family office.
Yellow Dot Heating
and Air Conditioning
is a leading provider
of HVAC installation
and services to the
residential and commercial markets in
North Carolina.
Building/Construction and Engineering
Management
team
Holding company
of the managers
France
Acquired 100% of
Business Operations
BASTIDE
BONDOUX
Thermic
engineering
services company
France
Advised on Sale of
Company
Advised EDF in the sale
of Bastide Bondoux to
the management team.
Bastide Bondoux is a
thermic engineering
firm located in the
Rhône-Alpes region
and specialized in
residential home.
40 / Industrials
Ahlsell
Industrial group
Sweden
Polaris Private
Equity
Private Equity
fund
Denmark
Acquired 100% of
Business Operations
Louis Poulsen
Lighting
Production of
design lighting
fixtures
Denmark
Advised on Sale of
Company
Advised Targetti, an
Italian leader in the
architectural lighting
sector, in the disposal
of a 100% stake in Louis
Poulsen, a Danish operator in the design
lighting sector, to the
Private Equity Fund
Polaris.
Arco Limited
Distributor of PPE
United
Kingdom
Acquired 100% of
Business Operations
Total Access
(UK) Limited
Provider of
equipment and
training
United
Kingdom
Advised on Sale of
Company
Advised height safety
services provider Total
Access (UK) Ltd on its
sale to Arco Ltd, a leading supplier of safety
equipment, training &
consultancy.
Building/Construction and Engineering
SSG Sahala Oy
Industrial
maintenance and
service provider
Finland
Acquired 100% of the
Shares
Myllykosken
Asennuspalvelu Oy
Industrial
maintenance and
service provider
Finland
Advised on Sale of
Company
Advised Myllykosken
Asennuspalvelu, an
industrial maintenance
and service provider,
on its sale to SSG Sahala.
Acquired 100% of
Business Operations
Almen Special
Fastener
Swedish fastening
material company
Sweden
Advised on Sale of
Company
Advised the owners
of Almen Fastener,
a company specialized in customized
fastening products,
in their sale to the
industrial group Ahsell,
the leading technical
trading company in the
Nordic countries within
installation products,
tools and machinery,
with operations also in
the Baltic States and
Russia.
Amsycom
Real Estate
services
France
Acquired 100% of
Business Operations
Cardete &
Huet
Architectural
company
France
Advised on Sale of
Company
Advised the founders
Francis Cardete and
Gérard Huet in the sale
of their architectural
company to the group
Amsycom. This operation allows the group
to largely enhance its
architectural division
and become a global
group in its field, able
to compete with the
big players within the
industry.
41
Axtone sp. z
o.o.
M.T. SARL
Holding company
of the buyer
(private individual)
France
Acquired 100% of
Business Operations
SOCRA
Restoration
of historic
monuments and
works of art
France
Prailcar
components’
manufacturer
Poland
Acquired 100 % of
Business Operations
HSW Zaklad
Sprezynownia
sp z o.o. - HSW
ZS
Manufacterer of
rolled coil springs
for rail vehicles
Poland
Advised on Sale of a
Subsidiary
Advised on Purchase
of Company
Advised Vinci
Construc­tion in the
sale of SN Socra to
the managing director,
associated with a
regional entrepreneur.
SN Socra is now
ready to start to grow
outside of France
under the leadership
of its new management team.
Advised Axtone in the
acquisition of HSW
Sprezynownia sp. Z
o.o., the sole producer
of hot formed coil
springs in Poland. The
transaction was focused on strengthening
Axtone position in rail
springs and followed
the acquisition of German L&S in 2012.
L’Albaron
Maintenance and
electrical works
France
Acquired 100% of
Business Operations
Holley Duran
Plumbering works
France
Advised on Purchase
of Company
Advised L’Albaron for
the acquisition of a
majority stake in Holley
Duran. The family
group, Albaron is specialized in maintenance
and small construction
works. The acquisition
of the company Holley
Duran in Vincennes
allows the group to
create a plumbing and
heating branch in Paris
region.
Management +
PEG
Management +
PEG
France
Acquired 100% of
Business Operations
Groupe Wings
Electrical works
France
Advised on Sale of
Company
Advised the restructuring of the Group Wings:
Stéphane Lericq
(Managing Director for
4 years), the managers
and BNP DEV (PEG)
became majority shareholders of the Group.
The Group Wings is
one of the main actors
in the electrical installations sector in the
Paris region.
Panostaja Oyj
Listed Private
Equity Firm
Finland
Acquired 100% of the
Shares
KotiSun Oy
Standardized
HV projects
for domestic
properties
Finland
Advised the Sellers
Advised KotiSun Oy,
a water and heating
network renovation
services provider, on
its sale to Panostaja
Oyj. The deal enables
Panostaja to expand its
business operations to
a new business area
specializing in building
technology renovation
for houses.
42 / Industrials
Management
team backed
by minority
shareholder of
entity
Construction excavations and
civil engineering
Poland
Masonite
International
Corporation
Global designer
and manufacturer
of doors
United States
Management Buy Out
Regimen
Capital
Partners
Private Equity
Firm targeting
industrial business
Canada
Acquired a 50%
Interest
TVE Industrial
Services Ltd.
Industrial services
and maintenance
provider
Canada
Represented the
Seller
Represented TVE Industrial Services on the
sale of a 50% interest to
Regimen Capital Partners, a Private Equity
Firm targeting industrial
businesses.
Gollwitzer
Polska sp. z
o.o.
Construction excavations and
civil engineering
Poland
Advised on Sale
of 75% Stake in
Subsidiary
Advised the civil
engineering company
Harald Gollwitzer
GmbH on the sale of its
75% stake in Gollwitzer
Polska Sp. z o.o. As
part of a MBO, the
family of the polish
managing director Jan
Michna, together with
the technical manager,
increase their 25%
stake to 100%. Both
Gollwitzer companies
will continue their
existing successful cooperation in Germany
and Poland.
Building/Construction and Engineering
Altrad
Stellingbouw
Balliauw
Active in
scaffolding
& industrial
insulation
Belgium
Acquired 100% of
Business Operations
Profix Group
Active in
scaffolding
& industrial
insulation
Belgium
Advised on Sale of
Company
Advised Profix Group,
a company active
in scaffolding and
industrial insulation, on
its sale to Altrad Stellingbouw Balliauw.
Acquired 100% of
Business Operations
Door-Stop
International
Ltd
Via Venture
Partners
Private Equity Firm
Denmark
Acquired Majority
VB Enterprise
A/S
Manufacturer of
composite exterior
doorsets
United
Kingdom
HV installation &
service - Offshore
Wind
Denmark
Advised on Sale of
Company
Advised on Sale of
Company
Advised the shareholders of Door-Stop
International on the
cross-border sale to
Canadian trade buyer
Masonite International.
The transaction allows
Masonite to strengthen
its global manufacturing network and
provides a gateway
into the UK composite
entrance door market.
Advised VB Enterprise,
the global market
leader in installation
and O&M services for
high-voltage components to the offshore
wind turbine industry,
on its sale to Via Venture Partners, a Danish
PE Group focusing on
companies within the
Scandinavian SMEsegment.
43
MiTek
Industries
Supplier of
structural
connector systems
United States
Acquired 100% of
Business Operations
Benson
Industries llc
Provider
of custom
curtainwall and
cladding
United States
Advised on Sale of
Company
Advised on the sale of
Benson Ind. to MiTek
Ind., a subsidiary of
Warren Buffett’s
Berkshire Hathaway
Inc. Benson is the
global leader of custom
unitized curtain wall
systems for high-end
commercial buildings
worldwide.
Sec Partners
& Ciclad
Private Equity
Group
Switzerland
Acquired Investment
Interest
F Bernasconi
& Cie SA
A leading
construction &
civil engineering
group
Switzerland
Advised on Sale of
Company
Advised Bernasconi on
the reorganization of
its shareholding with
the Geneva-based
Private Equity Firm
SEC Partners and the
French Private Equity
Fund Ciclad. The investment is in line with
Bernasconi’s growth
strategy within the
Suisse romande region.
Prosperus FGS
Private Equity
Fund
Croatia
Acquired 26,5%
Minority Share Increase in Capital
Vodoskok d.d.
& Heplast pipe d.o.o.
Leading wholesaler&producer of
pipes and fittings
Croatia
Advised on Sale of
Company
Advised Vodoskok on
its sale of a minority
stake to Private Equity
company Prosperus-­
Invest. Funds will be
used for further development and investments in upgrading the
production facilities in
Vodoskok’s subsidiary.
Management
of the UK
municipal
division of
Ovivo Inc
Wastewater
treatment
equipment and
services
United
Kingdom
Acquired Selected
Assets
Ovivo Inc
Global provider of
solutions for water
treatment
Canada
Advised on Purchase
of Company
Advised on the
management buyout
of the Midlands-based
municipal arm of
Canadian-listed group
Ovivo (TSX: OVI).
Machinery
Dr. Dieter Murmann Beteiligungsgesellschaft mbH
German Family
Office
Germany
Acquired 100% of the
Shares
Profilator
Group
Specialized
machine tool
manufacturer
Germany
Advised on Sale of
Company
Advised the ProfilatorGroup on selling their
shares to Dr. Dieter
Murmann Beteiligungsgesellschaft
mbH, including all
locations in Germany
and the USA from the
founding shareholding
company Wera Werk
Hermann Werner
GmbH & Co.KG.
44 / Industrials
TES Industries
Holding B.V.
Sarea Group
Private Equity
fund
Canada
Machine
Solutions
Equipment
manufacturer
for healthcare
industry
United States
Acquired 100% of
Assets
Steeger USA
Atlantic
Capital
Private Equity
Netherlands
Acquired 100% of
Business Operations
Wagner
Holding GmbH
Family Office of
an entrepreneurial
family
Germany
Acquired 30% of
Business Operations
Braiding
machinery
manufacturer
for healthcare
industry
United States
Viba N.V.
Technical trading
company in
mounting
solutions
Netherlands
Mamito GmbH
Advised on Sale of
Company
Advised on Purchase
of Company
Advised on Acquisition of Portfolio
Company
Advised Steeger USA
in its sale to Forsyth
Capital, a financial
buyer. Steeger USA is
a leading manufacturer
of braiding manufacturing equipment for
the medical device
industry.
Machinery
Advised management
of Viba, a wholesaler
of industrial fixing systems and automotive
parts, in the process of
de-listing the company
and the sale to Atlantic
Capital, a Dutch Private
Equity Firm.
System supplier
to support deep
frying processes
Germany
Advised Wagner
Holding GmbH on the
acquisition of a 30%
stake in Mamito GmbH,
thereby expanding its
portfolio of innovative
SMEs in the sustainable food sector.
Acquired 100 % of
Business Operations
Redecam
Equipment to
complex flue gas
treatment system
Italy
Other - Distressed
M&A
Advised Redecam,
Ita­lian leading Group in
the design, manufactu­
ring and installation of
solutions ranging from
simple filtration equipment to complex flue
gas treatment systems,
on the disposal to Sarea
Group, a Canadian
Private Equity fund, by
executing a complex
financial restructuring
agreement with a pool
of financial institutions.
Holding company
Netherlands
Acquired 100% of
Business Operations
Holding TES
Industrial
Systems B.V.
Development
and production
of crane drive
concepts
Netherlands
Advised on Purchase
of Company
Advised TES Industries
Holding B.V. with the
100% acquisition of
Holding TES Industrial
Systems. TES Industrial
is active in the development and production
of drive concepts for
cranes in container,
bulk handling, heavy
lift, steel and aluminum
industries, conveyors,
winches across the
world.
45
Neptune
Marine
Lakics Kft.
Private
Investor
Private investor
Belgium
Acquired 100% of
Business Operations
Firma Léon
Callot
European
distributor of
needles and spare
parts
Belgium
Advised on Sale of
Company
Advised on the sale of
Firma Leon Callot, and
european distributor
of needles and spare
parts, to a private
investor.
Production of
welded steelconstructions
Hungary
Acquired Majority
Control of Business
Operations
Rutin Kft.
Manufacturing
and erection of
steel structures
Hungary
Advised on Sale of
Company
Advised Rutin, a
company specialised
in manufacturing and
erecting steel structures, on its sale to
Lakics, a production of
welded steel constructions company.
Maritime service
provider
Netherlands
Acquired 100% of
Business Operations
Stagro
Hydraulics
B.V.
Hydraulics
Netherlands
Advised on Sale of
Company
Advised Stagro
Hydraulics, active in
hydraulic systems,
components and services for the dredging
industry in their sale
to Neptune Shipyards.
Neptune Shipyards
is a maritime service
provider, specialized
in workboats for the
offshore and dredging
markets.
Logopak
Systeme
GmbH & Co.
KG
Manufacturer of
labeling systems
Germany
Acquired 100% of
Business Operations
LSS
Etikettering
A/S
Stone Pointe,
LLC
Private Equity
Group
United States
Provided
Recapitalization
Options
Vapor Power
International
LLC
Manufacturer of
labeling systems
Denmark
Manufacturer
boilers &
generators for
industrial use
United States
Advised on Sale of
Company
Advised on Recapitalization of Company
Advised LSS Etikettering, the leading manufacturer of customized
labeling systems in
Scandinavia, on its sale
to Logopak Systeme,
a top European manufacturer of logistical
integrated labeling
systems. The acquisition provides numerous
synergies to both
companies without loss
of independence.
Advised Vapor Power
International, LLC on
its recapitalization by
Stone Pointe, LLC and
management. Vapor
Power manufactures
boilers, steam generators, thermal fluid heaters and electric boilers
for use in industrial,
commercial, marine
and military boiler
applications around the
globe.
46 / Industrials
Guangxi
Liugong
Machinery
RENA GmbH
American
Crane Group
Newly formed
parent company
of AE & 4OCG
United States
Acquired 100% of
Business
4OCG
Overhead crane
service company
United States
Advised on Merger
with American
Equipment
Advised 4OCG, an
overhead crane
service company, on its
merger with American
Equipment. A parent
company, American
Crane Group, was also
formed in the process.
Machinery
Equipment and
chemical process
technology
Germany
Capital Injection
Stulz H+E
Holding GmbH
Technology water
purification &
renewable energy
Germany
Advised on Purchase
of Company
Advised RENA, a
leading supplier of
production systems for
the wet chemical processing of substrates
for the photovoltaics
and semiconductor
industries, on a capital
injection to Stulz H+E.
The transaction will
foster further growth of
the SH+E Group.
Corning
Incorporated
Leading Chinese
construction
equipment
manufacture
China
Provides end-end
fiber & coper
product solutions
United States
Acquired 100% of
Business Operations
Division I HSW
S.A.
Producer of
construction
equipment
Poland
Advised on Sale
of a Division of the
Company
Advised Huta Stalowa
on its sale of a division to China-based
LiuGong Machinery.
The deal is expected to
strengthen LiuGong’s
market position.
LiuGong Machinery
has a publicly-stated
goal of becoming one
of the world’s top 10
construction equipment
manufacturers by 2015.
Acquired 100% of
Business Operations
Groupe JBT
Production
of plastic
components
France
Acquired 100% of
Business Operations
Kaona
Injection moulding
of plastic parts
Hungary
Advised on Purchase
of Company
Advised Groupe JBT, a
company specialised
in the production of
plastic components, on
its acquisition of Kaona,
an injection moulding of
plastic parts company.
Other Industrials
TR
Manufacturing
Manufactures fiber
optic & copper
cable
United States
Advised on Sale of
Company
Advised TR Manufacturing, a leading
provider of fiber-optic
and copper cable, component interconnects
and electro-mechanical assemblies, on its
acquisition by Corning,
a global provider of
connectivity solutions for every part of
the communications
network.
47
NIBE
Industrier AB
(PUBL)
Conair
Corporation
NES
Investments
II BV
Private Equity
Firm
Netherlands
Acquired Majority
Control of Business
Operations
Adesso Valve
BV
Production and
sales of subsea
valves
Netherlands
Advised on Sale of
Company
Advised Nostro Futuro
BV on their sale of a
majority of the shares
of Adesso Valve BV,
a valve manufacturer
specialised in subsea
valves for the offshore,
to NES II BV, a Dutch
Private Equity Firm.
Household &
personal products
United States
Acquired 100% of
Business Operations
Corporacion
Milenium
Distribution of
household &
personal products
Mexico
Advised on Sale of
Company
Advised Corporacion
Milenium, a private
family-owned Mexican
company, on the sale
of 100% of its shares
to Conair Corporation,
one of the 200 largest
privately-owned
companies in the US.
Corporacion Milenium
is a leading distributor of household &
personal care products
in México.
An international
heating
technology
company
Sweden
Offer to Acquire
100% of the of the
Outstanding Shares
of WaterFurnace
Renewable Energy,
Inc.
WaterFurnace
Renewable
Energy, Inc.
Geothermal and
water source heat
pumps
United States
Financial Advisor
to the Independent
Committee of WaterFurnace Renewable
Energy, Inc.
Acted as financial advisor to the Special Committee of the board of
directors of WaterFurnance, and provided a
fairness opinion to the
Special Committee supporting the proposed
transaction.
Xingyu
Automotive
Lighting
Systems Co.
Ltd.
Manufacturer
of automotive
luminaires
China
Acquired 70% of the
Shares
Neue I&T
GmbH
Manufacturer
of extruded flat
flexible cables
Austria
Advised on Sale of
the Company
Advised Neue I&T
GmbH on its sale of
70% of its shares to
Xingyu Automotive
Lighting Systems Co.
Ltd. With the acquisition of the Neue I&T
GmbH in Austria and
its patented production of extruded flat
flexible cables, Xingyu
can extend its product
range to other industries as well as launch
a new generation
of luminaires for the
automotive industry
through a smaller and
lighter design.
Lagercrantz
Group AB
Industrial
conglomerate
Sweden
Acquired 100% of
Business Operations
Load Indicator
AB
Manufacturing
of load cells and
torque sensors
Sweden
Advised on Sale of
Company
Advised Load Indicator,
a niche company active
within designing and
manufacturing of load
cells, force sensors and
torque sensors, in their
sale to Lagercrantz
Group.
48 / Industrials
LDC
ILAN
German Family
Office
Germany
Private Equity
United
Kingdom
Acquired 51% of
Business Operations
Acquired 100% of
Business Operations
LemTec Innova
GmbH & Co.
KG
Angus Fire Ltd
Manufacturer
of lighting
equipment&
electric lambs
Germany
Advised on Purchase of Majority
Participation
Advised ILAN, a German Family Office on
the acquisition of 51%
of the business operations of LemTec Innova
GmbH & Co. KG. With
this strategic transaction, ILAN was able to
expand their investment portfolio in the
field of light systems.
Other Industrials
Manufacturer
of fire fighting
products/
technology
United
Kingdom
Carmanah
Technologies
Corp
Solar technology
Canada
Acquired 100% of
Business Operations
SOL Inc
Solar technology
United States
Other
Provided fairness
opinion.
Advised on Purchase
of Company
Supported the £62
million MBO of Angus
Fire from NYSE-listed
United Technology
Corporation. PE firm
LDC took a major
equity stake in the
newly-created entity
as part of the deal; will
capitalize on growing
global demand for its
products within the oil
& gas sector.
Worthington
Cylinders Corp
Diversified metals
manufacturer
United States
Acquired 100% of
Business Operations
Westerman
Cos
Manufacturer
of oil and gas
productin units
United States
Advised on Sale of
Company
Advised Westerman
Companies, the only
North American ma­
nufacturer of enriched
UF6 storage/transportation cylinders for the
nuclear industry, on
its sale to Worthington
Cylinders Corp, a
unit of Worthington
Industries Inc.
Danube SCA
Sicar
Private Equity Firm
Luxembourg
Acquired 100% of
Business Operations
Ramirent Oyj
Equipment rental
company
Hungary
Advised on Purchase
of Company
Advised Danube on
the acquisition of the
operations of Ramirent,
a provider of machi­
nery rental services,
in a leveraged buyout
transaction. This falls in
with Danube’s strategy
to enter new markets.
49
CataCap
Management
ApS
FB Capital
Private Equity
Firm
United
Kingdom
Bank of
America
Bank
United States
Provided Revolving
Credit Facility
American
Micro
Products
Precision
machining
company serving
the transport
United States
Advised on the
Placement of Debt
Advised on the refinancing of American
Micro Products, Inc.
Transportation and
Infrastructure
DEKRA CZ a.s.
Global automotive
& industrial expert
organisation
Czech Republic
Asset Deal
TMW, a.s.
Selected assets
- technical
inspection center
Czech Republic
Advised on Purchase
of Company
Advised Dekra, a global
automotive and industrial expert organisation, on the acquisition
of TMW’s selected
assets.
MALHERBE
Fast growing
transportation
group, PEG owned
France
Provided Growth
Funding
Acquired Majority
Control of Business
Operation
Parcel Monkey
Ltd
ADVANCE
CODIMAS
Online aggregator
of freight services
United
Kingdom
Advised on the
Placement of Equity
Acted for Parcel
Monkey in a £1 million
investment from Private
Equity Firm, Frost
Brooks. The Parcel
Monkey Group, is a
group of eCommerce
service companies
consisting of three
brands- Parcel Monkey, Cloud Fulfilment
and KONG.
General logistics
and freight
forwarding group
France
Advised on Sale of
Company
Advised the sale
of CODIMAS to
MALHERBE GROUP.
CODIMAS is a specialist of high end logistics
with a revenue of €
15 million and a total
headcount of 100 employees. MALHERBE is
the third French goods
transportation in lots
and bulking.
Danish PEG
focused on the
SME market
Denmark
Acquired Majority
Control of Business
Operations
HandicapBefordring &
Colum-bus
Provider of special
care transport
services
Denmark
Advised on Sale of
Company
Advised on the merger
of Handicap-Befordring
and Colum-bus, the
clear market leader
within special care
transport services in
Denmark, on its sale
to CataCap, a Danish
Private Equity group
with a focus on companies with high growth
potential within the
Danish SME-segment.
Materials
Blackford
Capital LLC /
Amtech, LLC
Midwest based
Private Equity
Firm
United States
Acquired Majority
Control of Business
Operations
McClarin
Plastics, Inc.
Up to $500M
Source: Thomson Reuters
1 KPMG
2 PwC
3 Ernst & Young LLP
4 BDO
5 IMAP
6 Deloitte
7 Morgan Stanley
8 Barclays
9 Mizuho Financial Group
10 Rothschild
Designer &
manufacturer of
thermoformed
plastic
United States
Advised on Sale of
Company
Advised McClarin
Plastics, a designer
and manufacturer of
thermoformed plastic,
on its sale to Blackford
Capital LLC / Amtech.
Chemicals
Siparex, BPI
France and
Management
PEG
France
Acquired 100% of
Business Operations
Duralex
Peintures
Paints
manufacturing for
professionals
France
Advised on Sale of
Company
Advised Initiative &
Finance in the sale of
Duralex Peintures to
Siparex Proximite Innovation and BPI France,
allowing the actual
manager to increase its
stake in the company.
Vertellus
Specialties
Chemicals
manufacturer
United States
Acquired 100% of
Business Operations
Pentagon
Chemicals
Chemicals
manufacturer
United
Kingdom
Advised on Sale of
Company
Pentagon Chemicals
Holdings, the UK
chemical manufacturer,
has been acquired by
US group Vertellus in
a deal advised by IMAP.
51
Mann +
Hummel
Group
Indorama
Corporation
Pte. Ltd.
Filtration solutions
Germany
Manufacturer of
industrial products
Singapore
Acquired Majority
Control of Business
Operations
Industries
Chimiques du
Sénégal (ICS)
Phosporic acid
producer
Senegal
Advised on Sale of
Company
Archean Group (Archean) divested its fertilizer
business in Senegal viz.
Industries Chimiques
du Sénégal (ICS) to
Indorama Corporation
(Indorama). The deal
marks a successful
exit for Archean which
had entered ICS in
2008 through a JV with
IFFCO and the Government of Senegal.
Acquired 50% of the
Business
Lotorp
Industrial group
Sweden
Acquired 100% of
Business Operations
Candor
Sweden
Chemical and
metal supplier
Sweden
Advised on Sale of
Company
Advised the owners of
Candor in the sale process to Bolagsgruppen
Lotorp, an industrial
group that acquires
and develops medium
sized businesses with
a long term view on the
investments.
Microdyn
Nadir GmbH
ICM Products
Specialty silicone
manufacturer
United States
Production of
membranes
Germany
Acquired 100% of
Business Operations
Advised on Sale of
Company
Specialty silicone
manufacturer
United
Kingdom
Advised Microdyn
Nadir GmbH on the sale
of 50 % of their shares
to Mann + Hummel. In
the sector water filtration with its patented
products, Microdyn
Nadir offers an optimal
addition to the already
existing product portfolio of Mann+Hummel
(M+H). With Microdyn
Nadir, Mann+Hummel
can especially expand
its business in Europe
and USA.
Amber Group
Advised on Sale of
Company
Advised Caledonia
Investments on the sale
of Amber Chemical to
strategic US purchaser
ICM Products. This
deal represents the
ongoing consolidation
in specialty chemicals, as multi-national
chemicals groups look
to grow and diversify.
Lubar & Co.
Family Office
United States
Acquired 100% of
Business Operations
ChemDesign
Products, Inc.
Provides chemical
toll processing
United States
Advised on Sale of
Company
Advised ChemDesign Products Inc., a
provider of custom
toll manufacturing
services to the global
chemical industry, on
its sale to Lubar & Co.
in a secondary buyout
transaction.
52 / MATERIALS
Altra
Industrial
Motion Corp.
(Nasdaq:
AIMC)
Manufacturer
of power
transmission/
motion control
products
United States
Pohjanmaan
Rakennuspelti
Oy
Sheet metal and
glass works
Finland
Acquired 100% of
Shares
Scan-Mikael
Oy
Manufactures and
designs glass wall
systems
Finland
Advised on Sale of
Company
Advised Scan-Mikael,
a manufacturer and
designer of glass wall
systems, on the sale
of a 100% of its shares
to Scanmikael, a sheet
metal and glass works
company.
Management
Management team
Belgium
Acquired 100% of
Business Operations
RG
Tegelfabriek
Rousseau
A leading player
of ceramic tiles in
Belgium
Belgium
Advised on Sale of
Company
Advised RG Tegelfabriek Rousseau on the
sale of their business
operations to its manager’s daughter.
Construction Materials
Acquired 100% of
Business Operations
Guardian
Industries, Inc.
Manufacturer
of industrial
couplings
United States
Advised on Sale of
Company
Advised Guardian
Industries on its sale to
Altra Industrial Motion
Corp. in a negotiated
transaction. The buyer
viewed Guardian as
a strategic fit with its
current portfolio and an
opportunity to increase
its presence in the
country.
Inwido AB
Europe’s largest
manufacturer
of windows and
doors
Sweden
Acquired 100% of
Business Operations
JNA Vinduer
& Døre A/S
and Säästke
OÜ
Manufacturing
and sale of
windows
Denmark
Advised on Sale of
Company
Advised JNA Vinduer &
Døre og Spar Vinduer,
two leading windows
& doors marketers in
Denmark, on the sale
to Inwido, Europe’s
leading window & door
solutions provider (20
brands/ 3,100 employees in 8 countries). The
deal increases Inwido’s
presence in the growing windows & doors
online market.
Chettinad
Cement
Corporation
Limited
Amongst top
10 cement
manufacturers in
India
India
Acquired
Anjani
Portland
Cement Ltd.
Established
cement
manufacturer
India
Advised Buyer on
Purchase and Open
Offer Process as per
Public Market Regulations in India
Advised Chettinad Cement on the acquisition
of the equity shares
held by the promoters
of APCL along with
debt in the company for
an overall Enterprise
Value of $ 60 million.
The acquisition of APCL
triggered an open offer
for 26% of equity stake
as per SEBI (SAST)
Regulations.
Construction
materials >Cement
53
RPC GROUP
PLC
MyHome
Industries-CRH
Plc
Leading cement
manufacturer in
south India. Joint
Venture with CRH
Plc
India
Acquired 100%
Shares
Sree Jayajothi
Cements
Limited
Cement
manufacturer in
south India
India
Advised Buyer on
Purchase
Advised MyHome
Industries-CRH Plc on
acquisition of 100%
equity shares of Sree
Jayajothi Cements
along with debt in the
company for an overall
Enterprise Value of
$ 230 million.
Bunzl Plc
Gilde Equity
Management
Benelux
Private Equity
Netherlands
Acquired Majority
Control of Business
Operations
pack2pack
Halsteren B.V.
Industrial tinplate
packaging
Netherlands
Advised on Sale of
Company
Advised Greif international B.V. on the carve
out of their European
tinplate packaging
subsidiary pack2pack
Halsteren B.V. to Dutch
Private Equity group
Gilde and management.
Multinational
distribution and
outsourcing
company
United
Kingdom
Acquired 100% of the
Company
OSKAR
PLAST, s.r.o.
Distributor of
disposable
packaging
products
Czech Republic
Advised on Sale of
Company
Advised Oskar Plast, a
specialized supplier of
packaging materials on
its sale to Bunzl. The
owner has monetized
its own business and
is now managing the
entire Bunzl operation
in the Czech Republic.
Containers and Packaging
Leading supplier
of rigid plastic
packaging
United
Kingdom
Acquired Majority
Control of Business
Operations
Helioplast doo
Leading producer
of rigid plastic
packaging in SEE
Bosnia and
Herzegovina
Advised on Sale of
Company
Advised Helioplast
doo, manufacturer and
wholesaler of plastic
containers, in its sale
of a majority interest to
UK-based RPC Group
PLC. The acquisition
offers RPC market entry
to Bosnia and Herzegovina, strengthening
its sales and manufacturing position in south
east Europe.
Minemakers
Limited
Exploration,
evaluation &
development of
mineral deposits
Australia
Acquired 100% of
a Near-term Rock
Phosphate Project
Project
Baobab
Eocene-era
phosphate rock
deposit (1,553km2
conc.)
Senegal
Advised on Sale of
Assets
Advised on the disposal
of a rock phosphate
project in Senegal.
Metals and Mining
54 / MATERIALS
Gjuteriteknik
LM
Abrahamsson
AB
Zink foundry
business with
surface treatment
Sweden
Acquired 100% of
Business Operations
KH
Metallgjuteri
AB
One of the leading
zink foundries in
the Nordics
Sweden
Advised on Sale of
Company
Advised KH Metallgjuteri in their sale
to Gjuteriteknik LM
Abrahamsson AB.
KH is engaged in manufacturing and finishing
of die casted parts in
zinc to the electronics,
hydraulics, furniture
and heavy vehicle
industries.
Metals and Mining
Klesch Group
(through Aldel
Holding BV)
Scorpio
Mining Corp.
Silver producer in
Mexico
Canada
Acquired 100% of
Business Operations
U.S. Silver &
Gold Inc.
Silver producer
in U.S
Canada
Advised the Buyer
Production-trading
of chemicals,
metals and oil
Switzerland
Acquired Selected
Assets of Business
Operations
Leali SpA /
Acciaieria
Valsugana
SpA
Leading player in
the Italian steel
sector
Italy
Distressed M&A
Advised the special
committee of Scorpio
Mining Corp as its
exclusive advisor in the
business combination
with U.S. Silver & Gold
to complete a merger
of equals creating a
junior silver producer
with production facilities in the USA and
Mexico. The pro-forma
market capitalization
was valued at $67
million.
Advised Leali Group
(Leali and Acciaieria
Valsugana) in the disposal of the Odolo and
Borgo Valsugana steel
plants and the participation in a subsidiary to
Klesch Group, a global
industrial commodities
business, with three
divisions specialising
in the production and
trading of chemicals,
metals and oil.
Fomas Spa
through the
subsidiary
Fomas Inc.
Production of
forgings and
seamless rolled
rings
Italy
Acquired 100% of
Business Operations
Ajax Rolled
Ring &
Machine
Production of
forgings and
seamless rolled
rings
United States
Advised on Purchase
of Company
Advised Fomas, leading manufacturer of
forgings and seamless
rolled rings, in the
acquisition of 100% of
Ajax Rolled Rings &
Machine LLC, another
player of the same
sector based in South
Carolina, US.
Portuguese
Investment
Bank
Investment bank
Portugal
Acquired Investment
Interest
I’M Mining,
Sgps, S.A.
Mining of copper
and zinc
Portugal
Advised on Sale of
Company
Was invited to advise
on the sale of a minority
stake (9%) in the I’M
Mining. I’M Mining is a
cooper and zinc mine
located in the southern
part of Portugal.
55
Management
of Eurogalva
Albertini
Cesare SpA
Management of
Eurogalva
Portugal
Engaged in the
aluminium diecasting
Italy
Acquired 100% of
Business Operations
Acquired Selected
Assets of Business
Operations
Eurogalva Galvanização
E Metalomecanica, S.A.
Hot dip
galvanization
Portugal
Private Buyer
Advised on Purchase
of Company
Acquired 100% of
Business Operations
Advised the management team of Eurogalva
on the acquisition of
100% of the company
and also on raising
debt to execute the
transaction. Eurogalva
is a Portuguese company, located in the north,
who specialises in hot
dip galvanizing.
DB Metalin nv
Private investor
Belgium
Metal working
Belgium
Advised on Sale of
Company
Advised DB Metalin on
the sale of its business
operations to a private
buyer.
Form SpA in
A.S.
Aluminum
component
supplier for
the automotive
industry
Italy
Extraordinary
Administration
Advised Form SpA in
A.S. on the sale of certain selected assets to
Albertini Cesare SpA,
a company engaged
in the aluminium diecasting market.
XANO
Listed industrial
group
Sweden
Koppers Inc
Acquired 100% of
Business Operations
Railroad utility
business
United States
Åges
Industrier
Acquired 100% of
Business Operations
Manufacture
of die-casted
aluminium
components
Sweden
Advised on Sale of
Company
Advised ÅGES on its
sale to Xano. ÅGES
has manufactured and
sold die cast aluminum
components since the
mid-1950s.
Tolko
Industries
Specialty forest
products
Canada
Advised on Sale of
Treating Division
Advised on the sale of
Tolko Industries’ treating division to Koppers
Inc., a railroad utility
business.
Paper and Forest
Products
REAL
ESTATE
Brookfield
Canada Office
Properties
Canada’s
preeminent Real
Estate Investment
Trust
Canada
Acquired
Brookfield
Canada Office
Properties
Brookfield
Place Calgary
East Tower
Development
1.4 Million sq.
foot office tower
development
Canada
Advised Independent
Committee of Board
on Purchase of
Property
Advised the independent committee
of Brookfield Office
Properties (BOX) as
its financial advisor.
BOX’s board of trustees
established the independent committee to
assess the transaction
and the committee
unanimously recommended the board of
trustees’ approval. The
transaction was for the
acquisition of the east
tower of the Brookfield
Place Calgary development in downtown
Calgary.
Non Residential
Vancouver
Airport
Authority
Vancouver
international
airport
Canada
Acquired Two Real
Estate Portfolios
Huntingdon
Capital Corp YVR Property
Portfolio
11 building
portfolio adjacent
to airport
Canada
Advised on Purchase
of Company
Advised Vancouver
Airport Authority on
acquiring two Real
Estate portfolios.
Canada’s
preeminent Real
Estate Investment
Trust
Canada
Acquired
Bay Adelaide
Centre East
Development
in Toronto
A 44-storey,
980,000-sf office
building
Canada
Advised on Purchase
of Company
Advised and provided a
fairness opinion to the
special committee of
the Board of Trustees
of Brookfield Canada
Office Properties,
Canada’s preeminent
Real Estate investment
trust, on its acquisition
of Bay Adelaide Centre
East development.
57
Seniority Chile
Seldar Egypt
Real Estate and
leisure business
Egypt
Acquired Selected
Assets of Seller
Business Operations
Infond a.s.
Investment fund
Czech Republic
Acquired 100%
Shares
OfficeSumavska
s.r.o.
Real Estate
investments
Czech Republic
Advised on Purchase
of Company
Advised Infond AS, a
Real Estate investment
fund, on its acquisition
of Office Sumavska,
owner and operator of
a large office complex.
Gulf Company
for Building &
Constructions
Real Estate
Egypt
Advised on Sale of
Shares
Advised GSSG holding
Egypt on selling one of
its subsidiaries (Gulf for
Building and constructions) to Seldar Egypt.
Both are investment
Companies focused
on incorporating new
companies in addition
to raising funds in
existing companies,
with strong presence
in Egypt and the Gulf
countries.
Daiwa House
Industry Co
Ltd
Developer and
operator of senior
housing projects
Chile
Leading home
builder in Japan
Japan
Signed a Long term
Lease Agreement for
the Development and
Operation of a Senior
Housing Project
Acquired 100% of
Business Operations
Inmobiliaria
Isla Hope SpA
DAIYOSHI
TRUST
CO.,Ltd.
Parking lot
operator
Japan
Advised on Purchase
of Company
Advised Daiwa House,
a leading house builder
with $18.5 billion revenue, in its acquisition of
Daiyoshi Trust, a parking lot operator. The
transaction creates
synergies, strengthens
their operations, and
will promote flexible
management.
Real Estate Management and Development
Group of local
Real Estate
investors
Chile
Advised on the
Selection Process
of a Qualified Developer and Operator
for a Senior Housing
Project
Advised Inmobiliaria
Isla Hope SpA on the
selection process for
a long term lease of a
Real Estate property for
the development and
financing of a senior
residence project. The
contract was awarded
to Seniority Chile S.A.
Residential
RETAIL
Schakel
Utrecht B.V.
Ford car dealer
Netherlands
Levant Capital
Middle East based
Private Equity Firm
United Arab
Emirates
Acquired Majority
Control of Business
Operations
Panço
Up to $500M
Source: Thomson Reuters
1 PwC
2 KPMG
3 Mizuho Financial Group
4 Sumitomo Mitsui Finl
Grp Inc
5 IMAP
6 Rothschild
7 Nomura
8 M&A International
9 Deloitte
10 BDO
Turkey based
manufacturer of
children’s wear
Turkey
Advised on Sale of
Company
Advised Panço, a
Turkey based manufacturer of children’s wear,
in its majority stake
sale to Levant Capital,
a Middle East based
Private Equity Firm.
Apparel
Retailing
Private
investor
Private investor
Belgium
Acquired 100% of
Business Operations
Anglo Parts nv
European
distributor of
oldtimer spare
parts
Belgium
Advised on Sale of
Company
Advised Anglo Parts,
the european distributor of oldtimer spare
parts, on its sale to a
private investor.
Automotive
Retailing
Acquired Selected
Assets of Business
Operations
Roeleveld
Nieuwegein
B.V.
Ford car dealer
Netherlands
Advised on Purchase
of Company
Advised Schakel
Autogroep BV, a major
group of Ford dealers
in The Netherland, on
the acquisition of the
assets of Roeleveld
Nieuwegein BV, a Ford
dealer in Nieuwegein.
This acquisitions helps
to roll out the long term
strategy of the group.
59
Nordisk Film
A/S
Dustin AB
IT and electronic
products reseller
Sweden
Acquired 100 % of
Shares
Businessforum
Oy
IT hardware,
software and
service reseller
Finland
Advised on Sale of
Company
Advised the owners
of Businessforum Oy,
one of Finland’s largest
IT hardware, software
and service resellers,
on its sale to Swedish
Dustin AB. The deal
allows Dustin AB entry
into the Finnish market,
expanding its Nordic
coverage to Sweden,
Denmark, Norway and
Finland.
Computers and
Electronics Retailing
Film and TV
production
services
Denmark
LDC
Private Equity
house
United
Kingdom
Acquired Majority
Control of Business
Operations
Waterfall
Services
Limited
Supplier of
contract catering
services
United
Kingdom
Advised on Sale of
Company
Leading independent
contract caterer
Waterfall Services has
completed its £20 million
secondary buyout,
backed by LDC, in a
deal advised by Clearwater International.
Acquired 100 % of
Business Operations
Benev Capital
Inc
Topline royalty
acquisition
company
Canada
Gavekortet.dk
A/S
Petco
Holdings, Inc.
Specialty retailer
of pet supplies
United States
Acquired
Acquired 100% of
Business Operations
Franworks
Franchise
Corp
Doctors Foster
and Smith
Multi-location
restaurant chain
Canada
Omni channel
pet retailer and
pharmacy
United States
Advised on Acquisition
Advised on Sale of
Company
Advised Benev Capital,
a topline royalty
acquisition company,
on the acquisition of
Franworks Franchise.
Food and Beverage Retailing
Advised Doctors Foster
and Smith, an omni
channel pet retailer and
pharmacy, on its sale to
Petco Holdings.
Other Retailing
Online gift card
retail and services
Denmark
Advised on Sale of
Company
Advised the shareholders of Gavekortet.dk
in the sale to Nordisk
Film. Gavekortet.dk was
established in 2003 by
Henrik Jung Laursen,
Klavs Pedersen and
CEO Henrik Ravn,
and has since grown
to become a leading
reseller of gift cards
and incentive gift solutions across the Nordic
region, representing
a large number of
well-known retail and
leisure brands.
60 / RETAIL
Newco
Custom online
retailer for home
decor products
United States
MBO - Acquired
Majority Control
Online
Commerce
Group
Majority
shareholder
United States
Advised on Sale of
Company
Advised Online Commerce Group, LLC in a
buyout of the majority
shareholder by existing
management. Online
Commerce Group, LLC
is a leading provider of
customizable home décor products via its proprietary e-commerce
platform.
Other Retailing
Lloyds
Pharmacy
Group
Subsidiary of the
listed German
entity, Celesio AG
Ireland
Acquired 100% of
Business Operations
Medicare
Pharmacy
Group
Pharmacy
Ireland
Advised on Sale of
Company
Advised Medicare
Pharmacy Group, a
chain of retail pharmacies in Ireland, on
the 100% disposal of
business operations
to Lloyds Pharmacy
Group, a subsidiary of
listed German entity
Celesio AG.
Sportsman’s
Warehouse
Retailer catering
to outdoor
enthusiasts
United States
Acquired
Wholesale
Sports
Multi-channel
outdoor sporting
goods retailer
Canada
Advised on Sale of
Company
Advised United
Farmers of Alberta Cooperative Ltd., parent
company of Wholesale
Sports USA, in the sale
of the assets of ten Pacific Northwest-based
stores to Sportsman’s
Warehouse. The
transaction increases
the buyer’s presence
and market share in the
region.
Miko NV
Belgian coffee
roaster in the outof-home market
Belgium
Acquired 70% of
Business Operations
ABC Mokka
ApS
A leading Danish
provider of
vending machines.
Denmark
Advised on Purchase
of Company
Advised Miko NV on
its acquisition of a 70%
stake in ABC Mokka
ApS’ business operations. The acquisition
is in line with Miko’s
long-term strategy to
set up coffee service
organizations through
subsidiaries in a
growing number of
countries.
61
TMT
Penta
Teknoloji
Ürünleri
Distributor
of consumer
electronic
products
Turkey
Outerwall Inc.
Acquired 100% of
Business Operations
Ekip
Elektronik
A.S.
Distributor
of consumer
electronics
Turkey
Up to $200M
Advised on Sale of
Company
Source: Thomson Reuters
1 PwC
2 KPMG
3 Deloitte
4 Ernst & Young LLP
5 BDO
7 Mizuho Financial Group
8 Sumitomo Mitsui Finl
Grp Inc
9 Houlihan Lokey
9*Grant Thornton
9*Lazard
12 Morgan Stanley
High Technology
6 IMAP
Advised Ekip Elektronik
and its affiliate, Beyaz
Iletisim, a provider
of network solutions,
on the acquisition by
Penta Teknoloji Urunleri, a Turkey-based
distributor of consumer
electronics products
and Yildiz Holding
subsidiary.
E-commerce / B2B
DLM Invista
Private Equity firm
Brazil
Acquired 25% of the
Company
Interplayers
E-marketplace for
pharmaceutical
companies
Brazil
Advised on Sale of
Company
Advised Interplayers,
an e-marketplace for
pharmaceutical companies, on the sale of
a 25% participation to
DLM Invista, a Private
Equity firm.
Provides
automated retail
solutions via
kiosks
United States
Acquired 100% of
Business Operations
ecoATM Inc.
Automated self
service kiosks for
mobile devices
United States
Advised on Sale of
Company
Advised ecoATM,
an automated self
service kiosk for mobile
devices, on its sale to
Outerwall, a company
providing automated
retail solutions via
kiosks.
Hardware
62 / tmt
The Abraaj
Group
Middle East
based Private
Equity Firm
United Arab
Emirates
Acquired Minority of
Business Operations
Hepsiburada
Market leader in
online shopping in
Turkey
Turkey
Advised on Purchase
of Company
Advised The Abraaj
Group, a Middle East
based Private Equity
Firm, on its purchase
of a minority stake
in Hepsiburada, the
market leader in online
shopping in Turkey.
Internet Software
and Services
Business
Collaborator
Ltd
Collaboration
software tool
provider
United
Kingdom
Acquired 100% of
Business Operations
Business
Collaborator
Ltd
Collaboration
software tool
provider
United
Kingdom
Advised on Purchase
of Company / MBO
Advised Business
Collaborator on its sale
to Private Equity House
YFM Equity Partners
and the Management
Team.
Jorudan
Internet
application
and software
developer
Japan
Formed Joint Venture
Remunera
Electronic meal
voucher system
provider
Israel
Advised on Formation
of JV
Advised Remunera,
a leading electronic
meal benefits service
provider in Israel,
on establishment
of JV with Jorudan,
Japan-based software/
systems developer. The
JV will provide an electronic meal voucher
system for corporate
clients and restaurants
in Japan.
MOL Global
Online payment
solutions provider
Singapore
Acquired 30% of
Business Operations
Sihirli Kule Game Sultan
MOL Global
Online payment
solutions provider
Singapore
Acquired 30% of
Business Operations
Online payment
solutions and
e-pin distribution.
Turkey
PaytoGo
Advised on Sale of
Company
Advised on Sale of
Company
Advised Game Sultan,
an online gaming
payment provider, in its
30% stake sale to MOL
Global, who provides
e-payment solutions
for online goods and
services in Southeast
Asia.
Mobile payment
solutions provider
Turkey
Advised PaytoGo,
a mobile payment
solutions provider, in its
30% stake sale to MOL
Global, who provides
e-payment solutions
for online goods and
services in Southeast
Asia.
63
Campbell
Scientific
Netz16 GmbH
Manufacturer of
dataloggers, data
acquisition
United States
IT service provider
Germany
Acquired Majority
Control of Business
Operations
Alphasystems
GmbH
HSBC
Bank
United
Kingdom
Provided Acquisition
Funding
Defaqto
Provider of info on
financial services
products
United
Kingdom
Advised on the Debt
Raise
Advised Synova Capital
on its investment in
Defaqto, an information
provider to the financial
services industry, as
part of a MBO.
IT Consulting
and Services
IT service provider
Germany
Advised on Sale of
Company
Undisclosed
A group of private
foreign Investors
United States
Acquired Investment
Interest
Ininal
Advised alphasystems
on selling 80 % of
their shares to Netz16
GmbH to strengthen
its commitment in the
sectors of software
development and
process optimization.
With this transaction,
Netz16 GmbH expands
its product portfolio
and develops new
customer groups. The
service of Alphasystems receives further
dynamics and is able to
strengthen its position
in the IT sector.
Turkish developer
of prepaid
payment cards
Turkey
Advised on Sale of
Company
Advised Ininal, the
1st player in Turkey
to develop a nationwide sales program
for general purpose
reloadable prepaid
cards at retail stores, in
its minority stake sale
to a group of Private
Foreign Investors.
Acquired 100% of
Business Operations
Corobor
Systems
Meteorological
software
publisher and
integrator
France
Represented the
Seller
Advised the owner of
Corobor Systems, a
Meteorological Software Publisher and Integrator based in Paris
in selling the shares to
Campbell Scientific, a
leading measurement
and control products
provider based in Utah
(USA). With this deal
Corobor Systems will
be able to address new
territories (mainly north
America).
Firstsource
Solutiions
Business Process
Management
(BPM/BPO)
solutions provider
India
Provided Growth
Funding
NanoBi Data
and Analytics
Pvt. Ltd.
Software product
company
India
Advised on the
Placement of Equity
NanoBI Data and Analytics Pvt. Ltd. (NanoBI)
has raised a strategic
round of funding from
Firstsource Solutions
(NSE:FSL) a leading
BPM player from the
RP-Sanjiv Goenka
Group. The deal will enable NanoBI to expand
its marketing and sales
network in some of the
largest global markets.
64 / tmt
TeamSystem
S.p.A.
ÅF Group
Procano AS
Enterprise cloud
solution
Norway
Acquired 100% of
Business Operations
Instant Office
AS
Customized IT
services
Norway
Advised on Purchase
of Company
Advised Procano in the
acquisition of Instant
Office. The deal is in
line with the Buyer’s
strategy of acquiring
IT operation companies that matches the
culture and values
Procano stands for.
Vitec Software
Group AB
Engineering
company
Sweden
Provider of
industry-specific
business systems
Sweden
Acquired 100% of
Business Operations
Acquired 100% of
Business Operations
Four
Dimensions
AS
AutoData
Norge AS
Project
management ITC
Norway
Advised on Purchase
of Company
Advised ÅF Advansia
in the acquisition of
Four Dimensions AS.
Through the purchase
of Four Dimensions,
ÅF Advansia will use
their expertise within
management of large
complex projects to
develop services within
implementation of ITC
facilities and systems.
IT Consulting and Services
ERP system for
the Norwegian
automotive
industry
Norway
Advised on Purchase
of Company
Advised Vitec Software
Group, a leading
provider of industryspecific software
systems, to acquire
Autodata Norge AS.
Autodata Norge AS
offers an industry-specific ERP system for the
Norwegian automotive
industry.
Software solutions
for professionals
and SME
Italy
Acquired Selected
Assets of Business
Operations
24 Ore
Software
S.p.A.
Software solutions
for professionals
Italy
Advised on Purchase
of Company
Advised TeamSystem,
leading player in the
sector of software
solutions for professionals and SME, on
the acquisition of 100%
shares capital of 24Ore
Software, the software
division of Sole24Ore
Group, which provides
software solutions for
professionals, SME and
construction sector.
Ausy SA
Consulting &
engineering
company
France
Acquired Minority
Stake with Option to
Acquire 100%
Pentasys AG
Consulting and
engineering
company
Germany
Advised on Purchase
of Company
Advised Ausy on its acquisition of a 35% stake
in Pentasys, a provider
of IT consulting services. Concurrently,
Ausy was granted an
option to acquire the
remaining 65% interest
in Pentasys. The deal
enables Ausy SA to
expand its activities in
Germany.
65
Active
Network
KSR
International
Co.
Tier one
automotive
supplier
Canada
Acquired 100% of
Business Operations
Electronic
Motion
Systems
Holdings
Limited
Supplier of power
conversion
modules and
systems
United
Kingdom
Represented the
Buyer
Advised in the acquisition of Electronic Motion Systems Holdings
Limited by KSR International Co. Acted as
the exclusive financial
advisor to KSR.
Semiconductors
Belysimo Ltd
Fiducial
Informatique
Investment
company
United
Kingdom
Multi sector IT
services for SME
France
Acquired 100% of
Shares
MPE
Electronics
Ltd
Contract
electronics
manufacture
United
Kingdom
Advised on Sale of
Company
Advised MPE Electronics on the sale of the
business to Belysimo
Ltd, an investment
vehicle owned by a
group of private investors. MPE is a contract
electronics manufacturer providing surface
mount and through
the hole assembly of
printed circuit board
assemblies.
SIGMA BS
GmbH
Family holding
company
Germany
Equity Placement
RENA GmbH
Equipment of
chemical process
technology
Germany
Advised on the
Placement of Equity
Advised RENA on the
increase of its equity to
finance its acquisition
of Stulz Group. RENA’s
family holding retains
85% of shares, while
Stulz, of Sigma Holding,
gained 15% of shares.
Leader in activity
and participant
management
United States
Acquired 100% of
Business Operations
IPICO Inc.
Acquired Selected
Assets of Business
Operations
Global provider
of race timing
technology
Canada
I’Car Systems
R2-R3
Advised on Sale of
Company
Automotive dealer
and repairer
management
software
France
Advised on Sale of
Company
Advised the company I’Car Systems,
a software publisher
owned by the PEG,
Argos Soditic, in the
sale of its R2/R3 operations (dedicated to car
repairers and repair
workshops) to Fiducial
Informatique, a leading
software publisher for
SME’s.
Software
Acted as exclusive
financial advisor to the
shareholder of IPICO
Sports on its sale to
ACTIVE Network. The
integration of IPICO will
expand on ACTIVE’s
real-time, on-site capabilities and provide
a comprehensive
solution that includes
timing, data, analy­
tics, and insights that
are needed by Timing
Managers and Event
Organizers to make
business decisions,
increase participation,
and drive growth of
their events.
66 / tmt
Amtech Group
Ltd
Software for
the construction
sector
Germany
Acquired 100% of
Business Operations
Byggeweb A/S
Software for
the construction
sector
Denmark
Advised on Sale of
Company
Advised the shareholders of Byggeweb in the
sale to German RIB
Software. Since the
company’s foundation
in 1997, Byggeweb
has grown to become
a leading provider of
SaaS based collaboration software solutions
within Project and
Facility Management,
covering all stages of a
building’s life cycle.
Software
Electronics for
Imaging, Inc
Getinge AB
Global medical
technology
company
Sweden
Acquired 100% of
Business Operations
Cetrea A/S
Enterprise
software solutions
for hospitals
Denmark
Advised on Sale of
Company
Advised the shareholders of Cetrea in the
sale to Getinge-owned
Maquet. Acted as the
exclusive financial advisor to the owners of
Cetrea in a structured
sales process with
several international
buyers.
Digital imaging
United States
Acquired 100% of the
Capital
RHAPSO
Group
Printing and
packaging
software solutions
France
Advised on Sale of
Company
Advised Rhapso, based
in France and Germany,
on its acquisition by
EFI, a global provider of
products, technology
& services leading the
transformation of analog to digital imaging.
The acquisition further
strengthens EFI’s ERP
leadership position in
Europe.
Software for the
building services
industry
United
Kingdom
Newton Media
a.s.
Media monitoring
and media
analysis company
Czech Republic
Acquired 100% of the
Company
ArtrA Ltd
Enterprise solution
for construction
management
United
Kingdom
Acquired 51% of the
Shares
MCA Grupa
d.o.o.
Media monitoring
and media
analysis company
Slovenia
Advised on Sale of
Company
Advised ArtrA Ltd., one
of the world’s leading
software applications’
developer of smart
models of buildings
and assets, on its sale
to Amtech Group Ltd,
the market-leading
software developer for
the Building Services
Industry. This acquisition will strengthen
Amtech’s BIM capabilities.
Advised on Sale of
Company
Media and Entertainment
RIB Software
AG
Advised Pristop
Skupina d.o.o., headquartered in Ljubljana
on sale of its 51%
share in MCA Grupa
to Newton Media a.s.,
the leading media
monitoring provider in
CEE, headquartered in
Prague.
Advertising and Marketing
g
67
Ocean Bidco
Limited
Imagination
Thirty Five Ltd
Boutique media
company
United
Kingdom
Investment vehicle
to facilitate MBO
United
Kingdom
Acquired 100% of
Business Operations
Acquired 100%
of Shares in a
Management Buy-Out
Signature
Outdoor
Limited
Leading
digital outdoor
advertising
provider
United
Kingdom
Advised the Vendors
and Assisted in
Negotiations
Has advised Signature
Outdoor on its sale to
LDC-backed Ocean
Outdoor, the leading
provider of digital
out-of-home (DOOH)
advertising sites.
SDI Displays
Ltd
Designer and
manufacturer of
POS displays
United
Kingdom
Advised on Sale of
Company
Advised SDI Displays, a
Leicester-based provi­
der of display solutions,
in the acquisition of its
entire share capital by
Imagination Thirty Five,
a newly-formed company, in a leveraged
buyout transaction.
Lloyds Bank
Bank
United
Kingdom
Vertix SGPS
SA
Media company,
TV broadcaster
Portugal
Acquired 10% Stake
Grupo Media
Capital SGPS
SA
Media company,
TV broadcaster
Portugal
Advised on Sale of
Company
Advised Portquay West
I BV in its sale of a 10%
stake in Grupo Media
Capital to Vertix SGPS,
a subsidiary of Grupo
Prisa. The transaction
raises Vertix’s stake in
GM, aligned with its
business strategy.
Broadcasting
Provided Term Loan
Facility
Groupe
Multimédia
IPM S.A.
Active in media
and entertainment
Belgium
Acquired 100% of
Business Operations
B&M nv
Gambling hall
Belgium
Advised on Sale of
Company
Advised B&M, a gambling hall, on its sale
to Groupe Multimedia
IPM.
Casinos and
Gaming
Barons
Holdings
Hotel and day spa
group
United
Kingdom
Restructuring of
Group and Debt
Financing
Acted for Barons
Holdings in a capital
reorganisation of the
group and £10 million
debt refinancing which
was provided by Lloyds
Banking Group. Barons
owns a hotel and two
day spa’s based in
quintessentially English
country manor houses.
Hotels and
Lodging
68 / tmt
McGraw-Hill
Global
Education
Holdings, LLC
A digital learning
company and
educational
publisher
United States
ALLTRICKS
Agencja
Rozwoju
Przemyslu
SA (Industrial
Development
Agency JSC)
State controlled
stock company
intended as an
instrument of
public industrial
policy
Poland
Provided Long
Term Credit for
Restructuring
Takt Ltd.
Produces
duplicated &
pressed compact
discs CD&DVD
Poland
Advised on Restructuring Financial
Obligations
Advised Takt Ltd, a
producer of duplicated
and pressed compact
discs, on the restructuring of its financial
obligations.
Motion Pictures /
Audio Visual
Aller Media
Carmike
Cinemas, Inc
Movie theater
chain
United States
Acquired 100% of
Business Operations
Muvico
Theatres Inc
Premium movie
theater chain
United States
Advised on Sale of
Company
Advised Muvico Entertainment on its sale to
Carmike Cinemas. The
acquisition of Muvico’s
nine premium movie
theater properties in
three states presents a
number of operational
and cost synergy opportunities for Carmike.
Media company
with own
magazines
Denmark
Acquired 100% of
Business Operations
Datagraf A/S
Media and
communication
company
Denmark
Advised on Sale of
Company
Advised the shareholders of Datagraf
Communications in the
sale to Aller Media. Datagraf Communications
A/S and DG Media A/S,
both of which have
subsidiaries in Sweden
and Norway, create
publications, related
advertising and content
marketing for various
private companies and
public bodies.
Publishing
Ecommerce B2C biking
France
Acquired 100% of
Business Operations
Riverside
Publications
Publisher biking print, ecommerce,
events
Germany
Advised on Sale of
Company
Advised the investment fund Genairgy in
the sale of Riverside
Publications, a 360°
media group (print,
online, ecommerce,
events) to Alltricks.fr,
the leading ecommerce
“bike shop”. As a
cross-media company,
Riverside Publications
will help Alltricks to
build a unique blend
of Content, Community and Commerce
dedicated to bike
enthusiasts.
Acquired the
Remaining 30% of the
Common Shares not
Already Owned by
Them
McGraw-Hill
Ryerson
Limited
Educational
services
Canada
Advised the Special
Committee of the
Board of McGraw Hill
Ryerson Regarding
Going Private Transaction
Advised the Special
Committee to provide
a Formal Valuation and
Fairness Opinion in
relation to the definitive
acquisition agreement
pursuant to which
McGraw-Hill Education
would indirectly acquire
all of the outstanding
common shares of McGraw-Hill Ryerson that it
did not already own. The
transaction was valued
at $100 million.
69
Investment firm
United
Kingdom
Provided Term Loan
Facility
Pure Leisure
Group
UK leisure parks
and overseas
luxury resort
United
Kingdom
Advised on Debt
Raise
IMAP’s Debt Advisory team led the £19
million refinance of
Royal Westmoreland in
Barbados, which was
funded by Grovepoint
Credit.
Recreation and
Leisure
The Business
Growth Fund
Private Equity
fund
United
Kingdom
Acquired 70% of
Business Operations
Sparring
Partners Ltd
ATRACCIONES
CONEY
ISLAND S.A.C
Advised the Shareholders
Completed its maiden
deal since its merger,
advising boutique gym
chain Gymbox on its
£10 million investment
of growth capital from
BGF.
Gorkom
News and media
company
Peru
Acquired Investment
Interest
Operator of niche
gym brand
United
Kingdom
Joxnet
EL COMERCIO
S.A
Broadband
operator
Russia
Merged
Iskra Telecom
Broadband
operator
Russia
Amusement parks
and entertainment
company
Peru
Advised on Merger
Advised on Sale of
Company
Advised Atracciones
Coney Island, an
amusement parks and
entertainment company
on the sale of a 70%
stake to El Comercio.
Telecommunications
Grovepoint
Credit Limited
Advised the shareholders of Gorkom, a large
alternative Moscowbased fixed broadband
operator, during the
merger with Iskra Telecom (part of WestCall
Group, a large Russian
PE-backed fixed broadband operator).
Broadband
operator
Russia
Acquired 100% of
Business Operations
AltegroVoronezh
Broadband
operator
Russia
Advised on Sale of
Company
Advised the shareholders of AltegroVoronezh, a broadband
operator based in
Voronezh city and a
part of a larger holding,
during the spin-off to
JoxNet, a Voronezhbased fixed broadband
operator.
Telecommunications Services
70 / tmt
Link Mobility
ASA
Norway’s leading
B2B suppliers of
mobile solutions
Norway
Acquired 100% of
Business Operations
PswinCom AS
B2B suppliers of
mobile solutions
Norway
Advised on Sale of
Company
Advised PSWinCom, a
leading B2B supplier of
mobile services, with
the sale to Link Mobility
Group. Link Mobility
Group is a major Nordic
mobile service provider.
Through the acquisition of PSWinCom, Link
Mobility will strengthen
its position as the
largest provider of
mobile services in the
Norwegian market.
Wireless
NetByNet
Broadband
internet provider
Russia
Acquired 100% of
Business Operations
Advantage
Telecom
Broadband
internet provider
Russia
Advised on Sale of
Company
CoreLogic,
Inc.
Provides property
information & data
services
United States
Acquired a Portion of
Business
DoApp
Advised the shareholders of Advantage
Telecom, the leading
broadband operator in
Dmitrov city (Moscow
region), during the sale
to NetByNet, the fixed
broadband business of
Megafon, a top-3 Russian telecom company.
Mobile application
for real estate
United States
Advised Company on
Divestiture
Advised DoApp, a mobile application for Real
Estate on a divestiture.
©IMAP, Inc. 2015
IMAP
Dealbook
2015
www.imap.com
©IMAP, Inc. 2015