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AMERICAS
HEICO, an aerospace and electronics company, completed the acquisition of Wencor Group, a commercial and military aircraft aftermarket company, from Warburg Pincus, a private equity firm, for $2.05bn.
"Wencor is a perfect and highly complementary fit with HEICO, as the combination will be transformative, providing a unique and growing portfolio of proprietary cost-saving solutions for our airline and OEM customers. We welcome Shawn Trogdon, Wencor's talented CEO who will continue to lead Wencor, and the phenomenal Wencor Team to the HEICO family," Laurans A. Mendelson, HEICO Chairman and CEO.
Wencor was advised by Alderman & Company, Citigroup, Jefferies & Company, William Blair & Co and Cleary Gottlieb Steen & Hamilton. HEICO was advised by Lazard, Moelis & Co, Morgan Stanley, RBC Capital Markets, Truist Securities, Akerman and Paul Weiss Rifkind Wharton & Garrison. Debt financing was provided by Truist Securities.
Platinum Equity, an investment firm, completed the acquisition of The HC Companies, a manufacturer of horticultural containers. Financial terms were not disclosed.
"HC has earned a well-deserved reputation for innovation, quality and customer service, and the company offers one of the most comprehensive product lines in the industry. We are excited to work with the HC management team and to continue investing in the company's long-term strategic plans," Jacob Kotzubei, Platinum Equity Co-President.
The HC Companies was advised by Lincoln International and Haynes and Boone (led by Kellie Bobo). Platinum Equity was advised by Alston & Bird and Willkie Farr & Gallagher (led by Cristopher Greer and Thomas Sharkey).
TSG Consumer Partners, a private equity firm, completed an investment in Trinity Solar, a renewable energy solutions manufacturer. Financial terms were not disclosed.
"Trinity Solar is empowering households to take control of their energy needs, protect themselves against power outages and reduce their carbon footprint. We've been impressed by Trinity's evolution into one of the largest players in the nation amid strong industry tailwinds. Its customer-centric approach simplifies the solar journey for families and helps them reduce their costs," Michael Layman, TSG Managing Director.
Trinity Solar was advised by Prestwick Partners and Blank Rome. TSG Consumer Partners was advised by Ropes & Gray (led by Daniel Cowan and Christopher D. Comeau) and FGS Global.
Apollo, a private equity firm, completed an investment in Intermodal Tank Transport, a provider of ISO tank transportation logistics and depot services. Financial terms were not disclosed.
"We are thrilled to partner with Apollo to help accelerate our next phase of growth. We have a number of compelling opportunities to strengthen our global platform, and we believe Apollo's deep understanding of our business, scale and extensive value-creation expertise will help us unlock the significant growth potential of our business. I look forward to continuing to lead the dedicated, hardworking team at ITT as we continue driving value and enhancing customer experience," Jon Hulsey, ITT President and CEO.
Intermodal Tank Transport was advised by Raymond James and McGinnis Lochridge. Apollo Global is advised by Paul Weiss Rifkind Wharton & Garrison and Joele Frank.
Mr.Cooper, a non-bank mortgage originator and servicer, completed the acquisition of Roosevelt, a New York-based investment management firm. Financial terms were not disclosed.
"We are happy to welcome the talented Roosevelt team to Mr. Cooper, and we look forward to leveraging their knowledge and expertise as we execute on our asset management strategy," Jay Bray, Mr. Cooper Chairman and CEO.
Roosevelt Management was advised by Houlihan Lokey and Mayer Brown. Mr.Cooper was advised by Wachtell Lipton Rosen & Katz.
iM Global Partner-backed Litman Gregory, a boutique wealth manager, completed the acquisition of the private client business of Wedgewood Partners, an investment advisor. Financial terms were not disclosed.
"The acquisition of the WPI private client business represents a strategic move for LGWM to strengthen our position in the market and move forward with the goal of expanding our footprint across the US. We are thrilled to welcome the WPI private client team to LGWM and the broader iM Global Partner family. The WPI private client team shares our same intense focus on bringing comprehensive wealth services to each client. Through this acquisition, we are expanding our LGWM footprint in the Midwest region, furthering our ambition of developing a nationwide wealth management firm," Jeff Seeley, Litman Gregory CEO.
iM Global Partner was advised by Seward & Kissel. Wedgewood Partners was advised by Raymond James and Armstrong Teasdale.
JTC, a provider of fund, corporate and private client services, completed the acquisition of South Dakota Trust, an independent provider of administration services to the US personal trust sector, for $270m.
"We are delighted to welcome our new SDTC colleagues, clients and partners to JTC. Together we have significant opportunities to meet a wider range of clients' needs, building on our existing strong presence in the US market. This, in turn, will help maintain our growth momentum, contributing to our Cosmos era business plan, the highlights of which we look forward to sharing at our results on September 12," Nigel Le Quesne, JTC CEO.
Sprout Social, a provider of social media management software, completed the acquisition of Tagger Media, an influencer marketing and social intelligence platform, for $140m.
"As influencer marketing has changed the way brands build awareness and connection, our customers are increasingly demanding to break the workflow silos between core social media strategies. By bringing Tagger's influencer marketing software into Sprout's suite of solutions, we have the opportunity to deliver the next generation of social insights to our customers to fuel business strategy and measure the full ROI of holistic social investments. Tagger and Sprout have a shared mission for building powerful and intuitive software and we're excited to bring our industry-leading products and teams together," Justyn Howard, Sprout Social Co-Founder and CEO.
Sprout Social was advised by Citibank and Cooley.
Hillhouse, a global private equity firm, agreed to acquire Harneys Fiduciary from Harneys, a global offshore corporate services provider. Financial terms were not disclosed.
"We are impressed by the leadership team led by Ross Munro who have built a leading offshore corporate services provider. We look forward to a close strategic partnership with the Harneys law firm following the closing," Sean Carney, Hillhouse Partner.
Harneys is advised by PricewaterhouseCoopers and Linklaters.
Albemarle, a chemical manufacturing company, completed a C$109m ($82m) investment in Patriot Battery Metals, a hard-rock lithium exploration company.
The proceeds from the strategic investment will be used to accelerate the development activities at the company's Corvette Lithium Project and for general corporate purposes.
Albemarle was advised by Rothschild & Co.
US Fertility, a physician-owned fertility practices business, completed the acquisition of Reproductive Medicine Associates of New York, a fertility center operator. Financial terms were not disclosed.
"RMA NY stands for scientific excellence, education, and above all, inclusive patient care. We are proud of our multi-decade track record of delivering empathetic, evidence-based care to build families and helping parents make their dreams come true. Partnering with US Fertility creates new opportunities, widens the horizon of scientific discovery and patient outreach, and opens new avenues to deliver access and care to an increasingly diverse patient population," Alan Copperman, RMA Managing Partner and CEO.
US Fertility was advised by Joele Frank.
Seaport Capital, a private equity firm, completed the acquisition of CyberlinkASP, a managed service provider offering fully-outsourced IT management services to SMB and enterprise customers, from Staple Street Capital, a middle-market private equity firm. Financial terms were not disclosed.
"After spending the last few months with the Seaport Capital team, we believe they are the right strategic partner for Cyberlink's next phase of growth. I'm looking forward to executing key initiatives that will allow our business to continue to grow and scale to its full potential. Seaport's sector experience in tech-enabled services and its approach to partnership give us confidence and enthusiasm as we enter this next chapter," Chris Lantrip, Cyberlink CEO and Co-Founder.
CyberlinkASP was advised by Bank Street Group.
Ares Management, a global alternative investment manager, completed a $75m investment in Inter Miami, an American professional soccer club.
"Ares has been an important collaborator over the last two years in helping to accelerate the growth of Inter Miami. This latest investment comes at an inflection point for the club with the planned development of our new stadium and the joining of Lionel Messi, among other key initiatives," Jorge Mas, Inter Miami Managing Owner.
Proprietary Capital, an alternative investment manager, agreed to acquire American Financial Resources, a manufactured home lender. Financial terms were not disclosed.
"With the Acquisition of AFR, we will build on our already strong mortgage platform. With the addition of AFR's robust operational platform, loyal customer base, long-term dedicated employees, and their breadth of products and services, we will catapult our growth for many years to come," Craig Cohen, Proprietary Capital Managing Member.
T2 Capital-backed Muinzer, a real estate investment firm, completed the acquisition of Station 21, a student housing community. Financial terms were not disclosed.
"Our transaction with T2 unlocks the value that we have created to date and allows our original institutional equity partner to successfully exit. Muinzer is excited to increase our ownership stake in Station 21 while continuing our onsite property management role. Even in an uncertain macroeconomic environment, we have successfully completed over $300m of student housing acquisitions and dispositions thus far in 2023," Marc Muinzer, Muinzer Founder and CEO.
TDR, Sycamore in talks for joint $9bn Subway bid. (FS)
Private equity firms TDR Capital and Sycamore Partners are in talks to team up in their pursuit to acquire sandwich restaurant chain Subway.
Subway expects to fetch well over $9bn in a deal, and it remains uncertain whether TDR and Sycamore can meet its price expectations. Another group led by Roark Capital remains in the running. The bidders are continuing to carry out due diligence, and Subway may wrap up the sale process by the end of the month.
Private equity firm Advent International, which had teamed up with Goldman Sachs Asset Management on a bid for Subway, has dropped out of the process. Goldman Sachs may decide to team up with one of the other bidders.
JP Morgan the investment bank advising Subway, has given the private equity firms vying for Subway a $5bn acquisition financing plan, Reuters reported.
Shearer's Foods explores a potential $3bn sale. (FS)
Shearer's Foods, a snack maker backed by Ontario Teachers' Pension Plan, is exploring a sale that could fetch about $3bn including debt.
The company is working with a financial adviser on the potential transaction. The company generates more than $250m a year in earnings before interest, tax, depreciation and amortization. A final decision on pursuing a sale hasn't been made and the pension fund could still decide to keep the asset, Bloomberg reported.
KKR in advanced talks to buy Simon & Schuster for $1.65bn. (FS)
KKR is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global for $1.65bn. If the talks conclude successfully, a deal could be announced in the coming days.
KKR was competing against bidders including News Corp-owned HarperCollins Publishers for Simon & Schuster and investor Richard Hurowitz. Simon & Schuster's sale to KKR will not raise competition concerns with US regulators that led to the demise of the Penguin deal last year, Reuters reported.
Party City, creditors in talks to spin off balloon business.
Party City Holdco is considering splitting up its balloon manufacturing and retailing businesses as the latter charts a course out of bankruptcy.
The company has held confidential talks with debt holders about spinning off its Anagram unit. In January, Party City filed for bankruptcy protection after it saw its fortunes taper following a slowdown in sales due to lockdowns and store closures, Reuters reported.
Alphabet offloads nearly 90% of its stake in Robinhood.
Google-parent Alphabet said it had slashed its stake in Robinhood Markets by nearly 90%, days after the trading app said it had turned a profit for the first time as a public company.
Robinhood has been struggling to regain its footing after emerging as the breakout financial technology app during the pandemic, when several retail traders were drawn to its platform because of its commission-free trades and easy-to-use interface. The Federal Reserve's tightening cycle last year hammered equities, especially high-flying tech stocks in which there was a lot of retail interest, denting Robinhood's business, DealStreetAsia reported.
Nikola hires GM veteran Steve Girsky as CEO. (People)
Nikola, an EV manufacturer, is tapping a former General Motors vice chairman to serve as its CEO, replacing the current CEO after less than a year of running the electric truck maker.
Steve Girsky will take over as CEO of the troubled manufacturer that he helped take public three years ago and for which he has served as chairman for much of that time. He replaces Michael Lohscheller, effective immediately.
EMEA
Liontrust Asset Management has extended its offer period to buy Swiss fund house GAM for a third time in a sign the deal is struggling to go through, Bloomberg reported.
The new deadline will now be August 23. The provisional notice relating to the interim offer results is expected to be published on August 24 2023.
Crown LNG, a provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, agreed to go public via a SPAC merger with Catcha Investment, a special purpose acquisition company, in a $685m deal.
"This business combination with Catcha is a transformative step for accelerating Crown's growth, with the aim to provide its investors with a stable, long-term return on their investment. Our targeted blue-chip potential customer base will reflect the strong and growing global demand for harsh weather LNG infrastructure allowing for year-round operation to enable the global energy transition and ensure energy security by facilitating access to reliable natural gas supplies, as well as hydrogen, ammonia and power. The capital raised in this transaction will further strengthen our ability to execute on our diversified project pipeline in India, the UK, Vietnam, Canada, and other global markets," Swapan Kataria, Crown CEO.
Crown is advised by Emerging Asia Capital Partners and Nelson Mullins Riley & Scarborough. Catcha Investment is advised by Cohen & Company Capital Markets, WestOak Advisors, Goodwin Procter and ICR.
Britain's antitrust authority said Thursday that it has launched a formal probe into the planned merger of the European domestic appliance businesses of Arcelik of Turkey and Whirlpool as it seeks to assess whether the deal would weaken domestic competition.
The CMA announced the launch of its merger inquiry by notice to the Parties on 3 August 2023 and has a deadline of 29 September 2023 for its phase 1 decision.
Arcelik is advised by Clifford Chance and Kekst CNC (led by Claire Maloney and
Richard Campbell). Whirlpool is advised by Perella Weinberg Partners, Cleary Gottlieb Steen & Hamilton and Latham & Watkins (led by Sam Newhouse).
Novo Nordisk, a Danish drug developer, completed the acquisition of a 64.3% stake in Biocorp, a French medical device designer, for $109m.
"We are delighted to join Novo Nordisk, a leading global healthcare company. This combination rewards our efforts, begun 5 years ago, to digitalize the treatment and monitoring of chronic patients, with the constant aim of easing their daily lives. Our teams are enthusiastic about pursuing this public health mission, which will be intensified by the strength of Novo Nordisk's global presence," Eric Dessertenne, Biocorp CEO.
Crédit Agricole, a French international banking group, and Stellantis, a multinational automotive manufacturing corporation, completed the acquisition of the European activities of ALD, a French fleet managing and operational car leasing company, and LeasePlan, a leasing company. Financial terms were not disclosed.
"The acquisition of these six entities, together with Stellantis, is a great opportunity for us. An opportunity to seal our new partnership with Stellantis by looking together at a structuring development but also take a significant step towards our objective of becoming one of the European leaders in the field of leasing and mobility," Stéphane Priami, Crédit Agricole Consumer Finance CEO.
Crédit Agricole was advised by Credit Agricole and Dittmar & Indrenius (led by Jasper Kuhlefelt). ALD was advised by JP Morgan and Rothschild & Co. LeasePlan was advised by De Brauw Blackstone Westbroek (led by Pete Lawley).
Macquarie Asset Management, a financial services firm, agreed to invest $325m in Atlas Agro, a nitrogen fertilizer plants manufacturer.
"MAM, with their experience in projects and infrastructure, ability to initiate support investments with a wide range of expertise and their commitment to accelerate decarbonization of hard-to-abate-industries, is an ideal partner for us as we approach construction of our first plants in the United States," Petter Ostbo, Atlas Agro CEO.
Atlas Agro is advised by SpareBank 1 Markets and Homburger. Macquarie is advised by Allen & Overy.
AXA, a financial services firm, agreed to acquire Laya Healthcare, a healthcare insurance firm, from Corebridge Financial, a financial services company, for €650m ($714m).
"This divestiture allows Corebridge to streamline its portfolio and focus on core Life & Retirement products and solutions in the United States. AXA is an excellent owner for laya healthcare, with a global platform that will enable the business to continue to build on the success of its highly regarded member-centric approach to health insurance," Peter Zaffino, Corebridge Chairman.
Corebridge Financial is advised by Morgan Stanley and A&L Goodbody.
Crown Holdings, a supplier of rigid packaging products, completed the acquisition of Helvetia Packaging, a beverage can and end manufacturing facility. Financial terms were not disclosed.
"We look forward to welcoming the employees of the Saarlouis facility to the Crown family as we extend our European beverage can network to Germany to better serve the needs of local and regional customers," Timothy J. Donahue, Crown Chairman, President and CEO.
Crown Holdings was advised by Homburger.
Indosuez Wealth Management, a financial services firm, agreed to acquire a majority stake in Degroof Petercam, an investment house. Financial terms were not disclosed.
"We are delighted to have reached this agreement with the shareholders of Degroof Petercam, a long-standing leader in wealth management. This proposed alliance will be an important step in our development in Europe, in line with our strategic plan, and will make Belgium our second domestic market. We look forward to working with the Degroof Petercam team," Jacques Prost, Indosuez CEO.
Indosuez is advised by Credit Agricole.
AXA Investment Management, a private equity, agreed to acquire a 25% stake in Finerge, a renewable energy platform, from Igneo Infrastructure Partners, a private equity firm. Financial terms were not disclosed.
"Our conviction is that climate change is the great issue of this century and the central risk of tomorrow. We believe that integrated renewable energy independent power producers like Finerge, which have the capacity to scale as 21st century utilities, will be essential to delivering the energy transition as fast as it is needed. We look forward to partnering with Igneo and the Finerge management team to accelerate the build out of the Finerge fleet across solar, wind and other energy transition technologies," Julien Gailleton, AXA IM Deputy Head.
Igneo is advised by UBS.
Abu Dhabi National Oil, the state-owned oil company of the United Arab Emirates, agreed to acquire a 30% stake in Absheron Gas Field, a natural gas field. Financial terms were not disclosed.
"With global gas demand expected to steadily increase over the coming decades, ADNOC will continue to responsibly meet the world's energy needs by developing and producing natural gas from world-class assets such as Absheron. We believe this strategic partnership with SOCAR and TotalEnergies, unlocks the potential of the Caspian region for decades to come, and complements a broader energy collaboration between the UAE and Azerbaijan that will accelerate the growth of the global renewable energy sector, as both countries take bold steps to transition towards a lower-carbon future," Musabbeh Al Kaabi, ADNOC Executive Director of Low Carbon Solutions and International Growth.
Societe Generale is said to explore options for its asset custodian unit.
Societe Generale is exploring strategic options for its asset custodian unit, including a sale, as part a plan to boost its valuation by getting rid of poorly performing businesses.
The Paris-based bank is working with Citigroup on a potential deal for Societe Generale Securities Services, also known as SGSS. The unit could be valued at more than $1.1bn, Bloomberg reported.
Chelsea FC is in talks with Investor Ares Management. (FS)
Ares Management is in talks to invest in Chelsea FC, the English Premier League football club seeking a capital injection.
The US-based investment firm is discussing the size and structure of a possible financing deal with the west London club, Bloomberg reported.
KKR to transfer majority stake in Unzer to creditors. (FS)
Private equity firm KKR is reportedly set to transfer payments firm Unzer to a group of creditors. The debt providers Alcentra Asset Management, Goldman Sachs Asset Management and Partners Group have agreed in principle to take over a majority stake in Unzer. They will provide fresh equity and forego some debt.
KKR, which acquired control of Unzer in 2019, when the firm was still called Heidelpay, will retain a minority stake in the payments firm, Bloomberg reported.
"Unzer has recently received substantial funding to accelerate its growth following an agreement with our shareholders and a consortium of existing investors. KKR continues to have an economic interest in Unzer. Please understand that we cannot disclose further details of the investment. The new investment strengthens our capital structure and bolsters our liquidity so that we continue to be ideally positioned to deliver our business plan and make strategic investments that will drive our growth and shape the future of our industry," KKR and Unzer.
Daniel Kretinsky says he won't boost Eviden stake after French concerns.
Czech billionaire Daniel Kretinsky will not increase his stake in Atos's big data and cybersecurity business, Eviden, beyond 7.5%, and won't have any "active role" in the company, his spokesperson said in response to concerns from French lawmakers.
Nearly 80 politicians signed a letter that ran in the newspaper Le Figaro this week, raising concerns that the business, which does work for the military and is developing supercomputing capabilities, could pass out of French control.
Atos is in talks with Kretinsky for the potential sale of its legacy unit, Tech Foundations. The rest of Atos, including sensitive supercomputers, will remain listed under the Eviden brand. French lawmakers raised concerns about a foreigner being involved in Eviden, as its supercomputers are used by the nuclear industry, Bloomberg reported.
Credit Agricole's regional owners to tighten grip on the bank.
Credit Agricole's regional-bank holders are planning to purchase as much as $1.1bn of the lender's shares as the company reported a surge in profit for the second-quarter.
The regional lenders would increase their stake to no more than 65% of Credit Agricole, from 60.2% currently, and aim to finalize the transactions by the end of June next year. The purchases would be similar to a $1.1bn move that the regional holders announced last November and will look to take advantage of the lender's shares that are currently priced at nearly half their book value, Bloomberg reported.
Qualcomm, NXP team up to develop rival to Arm chip standard.
Qualcomm, NXP Semiconductors and other chipmakers are forming a new company to hasten the development of RISC-V, a standard that could challenge the near-ubiquitous technology of Arm, Bloomberg reported.
Together with Nordic Semiconductor and German companies Robert Bosch and Infineon Technologies, the semiconductor makers will invest jointly in a new business to promote the RISC-V architecture for chip design.
UBS plans shake-up in tech, media and telecommunications team.
UBS Group is reshuffling its technology, media and telecommunications team, elevating some bankers who joined this year as the Swiss bank charts its strategy following its takeover of Credit Suisse.
The changes are part of a broader shake-up driven by Sergio Ermotti, who returned as UBS's CEO this year following a stint at Swiss Re. They reflect the bank's desire to grow its market share in dealmaking, especially in the United States, Reuters reported.
APAC
Australian banking and financial services company ANZ Group's $3.3bn deal to buy finance, insurance, and banking corporation Suncorp Group's banking arm was blocked by the Australian regulator, citing competition concerns, Bloomberg reported.
The Australian Competition & Consumer Commission decided not to grant merger authorization for the acquisition.
NTT Anode Energy, a smart energy business developer, and JERA, a power generation company, completed the acquisition of the Japanese assets from Pattern Energy, a developer and operator of wind, solar, transmission, and energy storage projects. Financial terms were not disclosed.
"We're very proud of our partnership with GPI over the past eight years that together we grew into a leading renewable energy business in Japan. As we look to the future, Pattern is focused on its growing pipeline of projects in North America, including some of the largest wind and transmission projects in US history," Hunter Armistead, Pattern Energy CEO.
JERA was advised by Morgan Stanley.
Ascendion, a provider of software engineering services, completed the acquisition of Nitor Infotech, a software product engineering company. Financial terms were not disclosed.
"Ascendion's acquisition of Nitor Infotech is our latest step as a leader in using the power of software to drive client productivity and growth. Nitor Infotech is a natural fit with Ascendion because we are aligned around software engineering, real-world generative AI solutions, and digital innovation. Both companies have engineering in our DNA, a strong focus on innovation related to AI, and a relentless focus on client allyship. Coming together strengthens our engineering power, unlocks new markets and talent pools, and grows our capabilities in serving software product-focused companies," Karthik Krishnamurthy, Ascendion CEO.
Blackstone to submit a $3.8bn bid for stake in Cipla. (FS)
Blackstone will submit a bid next week to acquire a 33.47% stake in Cipla, India's third-largest generics company by revenues, in a $3.8bn deal.
Blackstone's acquisition could potentially lead to the exit of the Hamied family, which founded the company in 1935. If successful, this would mark one of India's biggest and most substantial private equity-led buyouts.
The move will also trigger an open offer for an additional 26% of Cipla, upon full subscription of which Blackstone would end up owning as much as 59.4% of Cipla's stake, Reuters reported.
Sterlite Power in talks with GIC for $300m fund infusion. (FS)
Sterlite Power, which is backed by metals magnate Anil Agarwal's Vedanta Group, is in talks to rope in Singapore's sovereign wealth fund GIC as a strategic partner for the power transmission business and a $300m cash infusion.
An internal rejig is underway at Sterlite Power. The plan is to demerge the solutions business and then list it later on the domestic bourses. GIC is not keen on exposure to the solutions business. Once the spin-off is done, GIC plans to invest around $300m as part of a 51:49 joint venture with Sterlite Power for the power transmission business.
OTPPB mulls a $100m investment in Xpressbees. (FS)
Ontario Teachers' Pension Plan Board is considering making a $100m investment in Indian e-commerce logistics startup Xpressbees.
The Canadian pension investor may buy a stake in the firm at about a $1.4bn. The funds would potentially be used for purposes including acquisitions. Discussions are ongoing and details of the fundraise could change, Bloomberg reported.
Mirxes said to be considering secondary listing on SGX.
Singapore-based biotechnology company Mirxes is still considering listing itself on the Singapore Stock Exchange, after it filed for an IPO on the Hong Kong Exchanges and Clearing last week.
The company also said that it plans to double its headcount within the next three years, from 400 now to 800, with the bulk of its workforce stationed in China, while Singapore will serve as its global headquarters and base for the Asean region.
When asked if Mirxes still intends to file for an IPO on the Singapore Exchange after its HKEX filing, Mirxes co-founder and chief executive Zhou Lihan said that the company is considering the possibility of a dual listing on SGX, The Straits Times reported.
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