EMEA
VINCI Airports acquired a controlling stake in the Gatwick Airport from Global Infrastructure Partners for £2.9bn.
NEC acquired KMD from Advent International and Sampension for $1.2bn.
AMERICAS
APAC
Sunway REIT acquired land worth $132m.
Lightbox Ventures to focus on consumer businesses in 2019.
ESP Capital and Nextrans invested in Ecomobi.
SBI Japannext acquired an 11% stake in N2N Connect for $21.8m.
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EMEA
VINCI Airports acquired controlling stake in Gatwick Airport from Global Infrastructure Partners for £2.9bn.
VINCI Airports, a subsidiary of VINCI Concessions, agreed to repurchase 50% of the shares of Gatwick Airport Limited for £2.9bn ($3.7bn). The transaction is expected to close in the first half of 2019. Global Infrastructure Partners will manage the remaining 49%.
“Our Chairman and I, along with our senior management team, will all remain at Gatwick and look forward to improving services further for our passengers. There will be no changes to the immediate running of Gatwick and we expect the transaction to complete by the middle of next year. This is good news for the airport as it will mean both continuity but also further investment for passengers over the coming years to improve our services further. We currently fly to over 220 destinations around the world and are ambitious to do even more in the years ahead." Stewart Wingate, Chief Executive, Gatwick Airport.
NEC acquired KMD from Advent International and Sampension for $1.2bn.
Danish IT group KMD is changing owners. The global private equity firm Advent International and the Danish pension fund Sampension have agreed to sell KMD to the global Japanese technology group NEC for approximately 8bn Danish Kroner ($1.2bn). NEC is stepping up its activities within the software for the public sector and sees KMD as one of the world’s leading software providers in this segment.
“Through the acquisition of KMD, NEC will gain access to technology, competencies, and products that are absolutely world-class. We see huge potential in rolling out KMD’s platforms and experiences from Scandinavia to the rest of Europe and also globally.” Takashi Niino, NEC Corporation President and CEO.
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AMERICAS
Through an affiliated special purchase acquisition vehicle, The Strategic Group, Puerto Rico-based private equity firm, acquired all outstanding interest in Paskewitz Asset Management, a registered Commodity Trading Advisor with $135m (as of close) in assets under management.
“We have worked with The Strategic Group over this last year to explore options to complement our existing resources and expand our product offerings. This strategic partnership will enable PAM to increase its institutional management practices and to scale and expand. Additionally, The Strategic Group’s platform and expertise allow us to grow more efficiently and enhance our value proposition to our clients,” Brad Paskewitz, Paskewitz Asset Management founder and CIO.
APAC
Carlyle Group and GIC are buying a 10% stake in SBI Life Insurance Co from BNP Paribas Cardiff for $742m. Carlyle and GIC beat out bids from KKR and Temasek. The proposal from Carlyle and GIC has been sent to the Insurance Regulatory and Development Authority.
Radiant Life Care Private, a leading Indian hospital management company, backed by KKR, has entered into a transaction whereby its shareholders will eventually acquire a majority stake in Max Healthcare Institute from Max India. Financial terms were not disclosed.
The combination of Radiant and Max Healthcare will create the largest hospital network in North India, which will become among the top three hospital networks in India by revenue and the fourth largest in India in terms of operating beds.
“Radiant has achieved significant growth and expansion during a time of rapid industry consolidation, and the proposed acquisition of a majority stake in Max Healthcare marks an exciting step forward in our strategy to increase scale by merging with a leading and complementary hospital network. We are fortunate to have strong support from KKR as we continue our mission of providing superior medical services in India.” Abhay Soi, Radiant Chairman, and Managing Director.
Sunway REIT acquired land worth $132m.
Sunway REIT has acquired land and buildings from Malaysian conglomerate Sunway Bhd’s wholly-owned subsidiary Sunway Destiny Sdn Bhd for RM550m ($132m) in cash.
According to Sunway REIT, the acquisition was in line with its strategy to pursue assets that are yield accretive with the potential to contribute to the long-term growth in its distribution per unit and/or net asset value per unit.
Lightbox Ventures to focus on consumer businesses in 2019.
Venture capital firm Lightbox Ventures, which has backed startups such as furniture rental website Furlenco and online kitchen brand Faasos, plans to increase its focus on consumer businesses in 2019, after raising its $200m third fund this year.
“It is far easier to sell a differentiated product to consumers than businesses. They just buy it. A business has a requisition process and various hoops to jump through. There just aren’t enough new consumer brands with deep market share. And the ones that are big have become lazy." Sandeep Murthy, Lightbox Ventures Founder, and Managing Partner.
ESP Capital and Nextrans invested in Ecomobi.
Vietnamese venture capital firm ESP Capital and South Korean investor Nextrans invested in social selling platform Ecomobi.
Established in March 2016, Ecomobi connects businesses with advertising and content creation communities and individuals who are highly watched and have a strong influence on social networks. Financial terms were not disclosed.
“We believe that Ecomobi will open a revolution in how to approach consumers, how to sell as well as Internet marketing." Le Hoang Uyen Vy, ESP Capital Managing Director.
SBI Japannext acquired an 11% stake in N2N Connect for $21.8m.
Japanese online broker SBI Japannext has acquired an 11.65% stake in Malaysia-based trading platform N2N Connect from its founder and managing director Andrew Tiang for RM91.4m ($21.8m).
“The collaboration between Japannext and N2N will open up new opportunities for both entities through the promotion of more trading activities in the region while encouraging greater uptake of cross-border trading,” N2N stated.
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