Deals

Americas

PE-backed Presco Polymers buys William Frick & Company

Presco Polymers, a portfolio company of River Associates, has acquired William Frick & Company, a provider of specialty labeling and marking products.Read More

Beans & Brews Coffeehouse grabs funding from Charger

Charger Investment Partners has made an investment in Sandy, Utah-based Beans & Brews Coffeehouse, an operator and franchisor of coffeehouses.Read More

Argosy launches new healthcare PE firm AHP

Argosy Capital has formed Argosy Healthcare Partners, a lower middle-market private equity firm focused on healthcare.Read More

Redwood promotes two to managing director

Redwood Capital Group has promoted Bill McDougall to managing director of investments and head of acquisitions and Field Stern to managing director of investments and head of capital markets.Read More

CD&R to invest in S&S Activewear

Clayton, Dubilier & Rice will invest in Illinois-based S&S Activewear, a distributor of imprintable apparel and accessories.Read More

Asia Pacific

Lyreco Group announces the acquisition of DeskRight

Lyreco Group today announced the acquisition of DeskRight, a leading office supplies business on the Singapore market. The move puts Lyreco, European leader and number three worldwide in the distribution of workplace supplies solutions to businesses, in a leadership position on the Singapore market and represents the first step in its new development...

HSA Advocates advised a consortium of four ports in relation to strategic sale of Dredging Corporation of India by Government of India

HSA Advocates represented a consortium of four ports Vishakapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust in relation to strategic sale of Dredging Corporation of India concluded by Government of India (GoI). The four ports have acquired 100% of GoI's shares in Dredging Corporation of India (i.e. 73.47%...

Duff & Phelps enhances restructuring and dispute offering with acquisition of Zolfo Cooper Asia

Expands Footprint in Greater China Region Duff & Phelps, the global advisor that protects, restores and maximizes value for clients, today announced the acquisition of Zolfo Cooper Asia, a leading independent provider of restructuring, insolvency, litigation support and forensic accounting services. The combination of Duff & Phelps and Zolfo...

Investcorp launches in India with acquisition of IDFC Alternative’s Private Equity and Realty Businesses

Entry in to India expands footprint of direct investments into Asia Investcorp a leading global provider and manager of alternative investment products, today announced the launch of its operations in India with the imminent completion of its first deal, the acquisition of the Private Equity and Real Estate investment management businesses of IDFC...

China, Japan overseas M&A push to extend in 2019

China’s economic growth slowdown to drive dealmaking abroadJapanese companies may continue to seek large foreign dealsCompanies in China and Japan will continue their pursuit of overseas acquisitions this year amid the economic growth slowdown and geopolitical uncertainty, according to JPMorgan Chase & Co. Ready availability of capital will...

Europe

Wetherspoon moves to buy up smaller pubs on the cheap amid Covid crisis

Chain targets London pubs as ex-Greene King boss leads separate buying spreeCoronavirus – latest updatesSee all our coronavirus coveragePubs driven to financial ruin by the impact of the pandemic could be bought up on the cheap under plans being drawn up by JD Wetherspoon as well as by a new venture fronted by the former boss of Greene King.In a statement...

Wetherspoons moves to buy up smaller pubs on the cheap amid Covid crisis

Chain targets London pubs with ex-Greene King boss also leading buying spree at knockdown pricesCoronavirus – latest updatesSee all our coronavirus coveragePubs driven to financial ruin by the impact of the pandemic could be bought up on the cheap under plans being drawn up by Wetherspoons as well as by a new venture fronted by the former boss of...

Tony Blair son plans big expansion for training firm valued at $200m

Venture capitalists provide $44m for Euan Blair start-up that helps people find apprenticeshipsAn education business started by Euan Blair has secured new funding from venture capitalists thought to value the business as high as $200m (£147m) and crystallising a fortune for the son of the former prime minister Tony Blair.Multiverse is a start-up founded...

Vauxhall plant at risk after 'brutal' 2030 ban, says Stellantis boss

Chief executive of newly formed carmaker warns future of UK production depends on governmentThe future of Vauxhall’s UK car production will depend on government support after the “brutal” decision to ban the sale of new petrol and diesel cars from 2030, according to the boss of Stellantis, the newly formed carmaker.Stellantis was officially created...

Sir David Barclay obituary

Reclusive billionaire who, with his twin, built a vast business empire including the Telegraph and the RitzTogether with his identical twin, Frederick, Sir David Barclay, who has died aged 86, was one of the Barclay brothers, the businessmen whose energetic pursuit of high-profile acquisitions, from the Ritz hotel to the Telegraph newspaper chain, was...

Mena

ÜNLÜ & Co advised on transfer of Anadolu Restoran shares to Birlesik Holding

ÜNLÜ & Co advised on transfer of Anadolu Restoran shares to Birlesik Holding Share purchase agreement has been signed for the sale 100% shares of Anadolu Restoran İşletmeleri Ltd. Şti. (“Anadolu Restoran”), (one of the leading pioneers in the QSR market) to Birlesik Holding Limited. Turkey’s leading investment services and asset management...

Israel’s Magenta Venture Partners announces first closing of a new $100M fund focused on early stage Israeli startups

Israeli VC firm Magenta Venture Partners announced today a new venture capital fund targeting $100 million. The new fund had its initial closing in October 2018 and is planning its final closing in 2019. Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., one of the largest trading and investment companies in Japan,...

Roquette invests in Israeli seed breeding company Equinom

The companies signed an agreement to develop high-protein pea varieties for food markets Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development...

Maitland acquires Talaria, launches Maitland Family Office

Cross-border specialist wealth service likely to appeal to those needing offshore estate planning Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the...

MENA drops 57.6% in value of M&A

The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...

International

Controller’s Receipt of “Non-Ratable Benefit” Mandates Entire Fairness Review

Is a controlling stockholder’s “mere presence” on both sides of a transaction enough to invoke application of the entire fairness standard of review, or is something more required? That’s the question that the Chancery Court recently grappled with in In re Viacom Inc. Stockholders Litigation (Del. Ch.; 12/20). The case arose...

2020 MAC Survey

Nixon Peabody recently posted its 2020 MAC Survey, and the results suggest that the terms of MAC clauses continue to move in a buyer-friendly direction. Here’s an excerpt: Of the 220 agreements surveyed, 97% contained a material adverse change in the “business, operations, financial conditions of the Company” as a definitional element. This is...

Antitrust: How Aggressive Will the Biden FTC Be?

This Fried Frank memo discusses managing antitrust risk in the Biden Administration. After noting that regulators have evolved toward more enforcement & have demonstrated a greater willingness to tolerate litigation risk in recent years, the memo suggests that because antitrust enforcement is one of the few truly bipartisan issues, the new Administration...

Controllers: Viva Zapata! Del. Chancery Refuses to Dismiss WeWork Lawsuit

This may sound strange to most of you, but when I took Corporations in the fall of 1984, corporate law was kind of a sleepy backwater.  Of course, the area awoke with a vengeance in 1985, but when I took the class, Van Gorkom, Moran, Unocal, Revlon, etc. weren’t even on the radar screen. In […]Read More

Busted Deals: What If LVMH & Tiffany Went to Trial?

Last year’s dispute between LVMH and Tiffany raised all sorts of intriguing legal issues, but the parties ultimately settled their case before the Chancery Court could weigh-in.  But what if that case had gone to trial? That’s the hypothetical situation that UCLA’s Stephen Bainbridge recently addressed on his blog. After concluding...