Allocations
Allied Universal is to acquire US Security Associates (USSA) for approximately USD1.0 billion.
Based in Roswell, Georgia, USSA is one of the leading providers of security and related services in the United States, employing more than 50,000 security professionals serving several thousand clients across a wide range of industries. USSA generated 2017 pro forma revenues and Adjusted EBITDA of c. USD1.5 billion and USD95 million, respectively. The transaction is expected to close by the end of 2018, subject to customary regulatory approvals.
Allied Universal intends to fund the transaction with a combination of additional indebtedness and up to USD200
BlackRock’s results for the second quarter of 2018 reveal USD20 billion of total net inflows, positive across active, index and cash management.
The figures represent an 11 per cent revenue growth year-over-year driven by base fees, performance fees and technology services revenue and the firm writes that the 16 per cent operating income growth year-over-year reflects operating margin expansion.
There was 27 per cent diluted EPS growth (28 per cent as adjusted) driven in part by lower tax rate and USD300 million of quarterly share repurchases.
Laurence D. Fink, Chairman and CEO of BlackRock says: “BlackRock delivered strong financial results
By Andrew Harding – Ahead of the World Cup The Economist ran an article entitled “What makes a country good at football?” The journal explored the various components of a successful national side, taking account of GDP, population size and the popularity of the game in each country.
Wealth, size and popularity of the game were all found to be correlated with success, but these elements made up less than half the story. Centralised schemes to promote the game were found to significantly improve performance, and were much easier to establish in smaller countries such as Uruguay and Iceland. To
By Fiona Le Poidevin, TISE – There were 705 new listings on The International Stock Exchange (TISE) during 2017, which was an increase of 40 per cent on the previous year. In the first quarter of 2018, there was a 16.5 per cent rise year on year in new business, which took the total number of listed securities on the Exchange to 2,606 at the end of March 2018. These listings comprise a mix of equity and debt being issued by operating companies and nearly 400 securities issued by investment vehicles, including open and closed-ended funds and more than a
By Dr Andy Sloan (pictured), Guernsey Finance – Guernsey has been identified as an ‘emerging global contender’ in green finance. In a climate currently led by the global commitments made at the United Nations COP 21 conference in 2015, Guernsey has identified green issues as a key strategic objective.
The island is rapidly becoming the “go to” international finance centre for green finance. The introduction by the regulator, the Guernsey Financial Services Commission, of the world’s first regulated green fund product, the “Guernsey Green Fund” puts us at the forefront of green finance development.
The objective of the GGF is
Law firm Paul Hastings is advising Monaco Telecom on its agreement with MTN to acquire the entire issued share capital of MTN Cyprus, for net sale proceeds of EUR260 million.
MTN Cyprus is the fastest growing mobile and fixed operator in Cyprus with more than 400,000 customers and 2017 revenues of EUR123 million.
Monaco Telecom is majority owned by NJJ, the investment vehicle of Xavier Niel, one of France’s most prominent business leaders and an investor in telecommunications and technology ventures for 25 years.
Paul Hastings has previously advised NJJ on its EUR3.5bn acquisition of a majority stake in
Private equity firm TA Associates has completed a minority investment in Prudent Corporate Advisory Services (Prudent), an independent distributor of mutual fund and other wealth products in India.
Financial terms of the transaction have not been disclosed.
Founded in 2001, Prudent provides personal and corporate investment planning services through the distribution of mutual funds, bonds, broking and insurance products. The company operates through its network of over 10,000 Independent Financial Advisors (IFAs). Prudent provides its IFA partners with training and development services, technology platforms to grow and manage their client-base, back-office services, and sales and marketing support. The company
An affiliate of private equity firm HIG Capital (HIG) has sold Kondor Limited, a specialist provider of category management solutions for audio and mobile accessory products into the retail and mobile network channels in the UK and Europe, to DCC Technology.
Terms of the transaction have not been disclosed.
Headquartered in Dorset, England, Kondor distributes audio and mobile accessory products to a broad range of e-tail, retail and mobile operator customers. HIG invested in Kondor in 2014, and has since overseen a full reorganisation of the business. HIG worked in partnership with Kondor to professionalise back office systems, develop
Henkel has signed an agreement to acquire Aislantes Nacionales, a specialist in the Chilean tile adhesive and building materials market.
Aislantes Nacionales is a privately-owned company specialised in manufacturing and marketing a wide variety of products in the building materials market. The portfolio includes ceramic tile installation systems, mortars for finishing floors and walls, elastic sealants and insulation systems. In the fiscal year 2017, Aislantes Nacionales SA generated sales of about EUR80 million. The company is based in Santiago de Chile and employs around 220 people at a local production site.
The transaction is in line with Henkel’s strategy
Gide has advised Renault on the renewal of its strategic partnership with OYAK in Turkey, extending their joint venture relationship.
The agreements signed on 26 June 2018 regulate the new terms of the joint venture relationship, including the manufacturing by OYAK-Renault of Renault and Dacia vehicles, their parts and spare parts, as well as their commercialisation by MAİS on the Turkish market.
The agreements bring no change to the shareholding structure of the joint venture companies: Renault still holds 51 per cent and OYAK 49 per cent of the share capital of manufacturing entity OYAK-Renault, while OYAK holds 51
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
