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The UK Government’s intention to trigger the Article 50 process of leaving the European Union (EU) by the end of March has seen a 2 per cent decline in early-stage M&A activity in the UK in Q4 2016, compared to the same period one year prior.
This means announced M&A deals in the UK could decline in Q2 2017.
That’s according to the latest Intralinks Deal Flow Predictor, an accurate forecast of future mergers and acquisitions (M&A) announcements.
“Uncertainty around the government’s exit strategy with the EU is likely to have a chilling impact on inward investment and
TMX Group has sold the wireless and extranet infrastructure services business known as TMX Atrium to Intercontinental Exchange (ICE).
The decision to enter into this transaction was made within the scope of TMX's ongoing strategic initiative to streamline its organisational structure and position the company to deliver profitable long-term growth. Upon closing, TMX Atrium will become part of ICE Data Services, a leading global provider of market data solutions.
"The sale of the TMX Atrium business is the result of a shift in our strategic focus from infrastructure services to providing intellectual property-based analytics solutions that drive client investment decisions,"
Sidley Austin is significantly strengthening its private equity, corporate and restructuring practices with the addition of eight partners to its Munich office.
The new group comprises seven partners from Kirkland & Ellis, headed by leading private equity and M&A lawyer Volker Kullmann, and Kolja von Bismarck, head of the German Banking and Financial Restructuring group at Linklaters. Joining Kullmann in the move from Kirkland are tax partner Roderic Pagel, corporate partners Björn Holland, Christian Zuleger, Marcus Klie and Nicole Schlatter, and finance/capital markets partner Markus Feil, a close-knit team who have worked together for many years.
The eight new
Nexxus Capital is to invest in Translatum Holding (TransNetwork), a holding company to develop a fintech payments platform, of which the first component is TransNetwork, a company in the B2B electronic domestic and cross-border processing and payments industry.
The company enables transfers between the United States, Mexico and other Latin American countries as well as domestic money transfers within Mexico.
This investment will be made through Nexxus Capital Private Equity Fund VI, and Nexxus Capital VI Trust (jointly Nexxus VI), once certain closing conditions are met, including the approval of Mexico’s Antitrust Authority (COFECE).
TransNetwork’s money transfer business enables licensed
Mid Europa Partners, a private equity firm focused on Central and South Eastern Europe, has completed the acquisition of Romanian supermarket chain Profi Rom Food.
Profi is a modern retail network with the widest geographical spread in Romania, having a strong presence in almost 250 cities, smaller towns and villages. Profi operates two store formats in urban areas, Standard and City, and recently developed Loco, a successful format for rural parts of the country. Profi is one of the top employers in Romania, with nearly 11,000 employees.
The transaction execution was led by Andrej Babache with the support of Ratko
Goldman Sachs has agreed to invest USD95 million in MDC Partners through the purchase of non-voting convertible preference shares (the Preference Shares).
In connection with the closing of the transaction, Bradley J Gross, a managing director in the Merchant Banking Division of Goldman Sachs, will join the MDC Partners Board of Directors, which will expand to seven members. Subject to the satisfaction of certain conditions, the transaction is expected to close in the first quarter of 2017.
Scott L Kauffman, Chairman and Chief Executive Officer of MDC Partners, says: "We are extremely pleased to be partnering with Goldman Sachs.
Global investment bank GCA achieved record revenues of GBP148 million and EBIT of GBP27 million in 2016, successfully completing 133 deals over the course of the year.
This is GCA’s first set of results since its July 2016 merger with Altium.
Recent high profile deals included advising JayZ on the investment by Stream in Tidal, the sale of Urban Engines to Google and the acquisition of Pretty Little Thing by GBP1.5bn listed company boohoo.com.
GCA Altium, GCA’s European business, which is headquartered in Manchester and has seven offices across Europe, completed a total of 66 transactions, including two of the largest software buyouts
Cairngorm Capital Partners is making a further investment in Polyframe Group Limited (Polyframe), a UK manufacturer of trade windows and doors, to facilitate Polyframe’s acquisition and merger with Customade Group Limited (Customade).
The enlarged group, with revenues in excess of GBP100 million, will trade as Customade and now has a comprehensive product range across aluminium windows, composite entry doors and PVCu products. It operates nationwide, with almost 900 employees across 10 manufacturing facilities extending from Scotland to the South-West.
Established in 1980, Customade is a specialist manufacturer of high-quality aluminium and PVCu windows, doors and conservatory roof products. Known for
APS Holding (APS) has acquired a portfolio of Croatian non-performing loans (NPL) with a nominal value significantly exceeding EUR100 million. The firm’s newly established office in Croatia is expected to have more than 40 employees in the first half of the year.
The acquisition includes secured and unsecured non-performing corporate loans, with the secured positions held against mostly residential, commercial and industrial property. The portfolio has been acquired from Hrvatska Poštanska Banka with the approval of the Croatian National Bank.
Martin Machoň, CEO of APS, says: “Our target is to assist banks with distressed debts and help debtors to be
Last year proved to be a challenging year for the private equity (PE) industry as market instability and political uncertainty took hold worldwide. But 2017 has ushered in a more optimistic outlook, according to BDO’s Eighth Annual PErspective Private Equity Study.
When the initial survey of 200 fund managers across North America and Western Europe was conducted in October 2016, more than half (56 per cent) of fund managers characterised the investment environment as favourable, while 44 per cent said it was unfavourable—the highest proportion since 2014. In a follow-up poll conducted in early January, however, the number of fund
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