DEALBOOK 2015

Dealbook2015

IMAP

www.imap.com©IMAP, Inc. 2015

ContACt

Sudhanshu [email protected] IMAP, Inc. Av. Diagonal, 618 08021 Barcelona - Spain www.imap.com T: +34 936 026 710

Contents

/ Foreword

by Jurgis V Oniunas, Chairman 04

/ About IMAP:

Milestones and achievements 06

/ Deals by sectors: 08

/ Consumer Products & Services 08

/ Consumer Staples 17

/ Energy & Power 23

/ Financials 27

/ Healthcare 30

/ Industrials 36

/ Materials 50

/ Real Estate 56

/ Retail 58

/ TMT 61

Jurgis V Oniunas Chairman

Deals are the lifeblood of the IMAP organization. It is what we do: to get the best deal for our clients – the best partner, the best valuation, the best earn-out, the best

terms. Our experts around the world live and breathe deals, from Beijing, to Tokyo, to Mumbai, to Istanbul, to Frankfurt, to London, to Boston, Chicago and Silicon Valley - every single day, somewhere in the world, an IMAP deal is signed or closed.

IMAP is a unique organization, encompassing almost 40 independent firms working together under one IMAP brand to bring the financial and sectorial expertise and knowledge of all its 400 or so professionals to every deal. We work exclusively in the mid-market, so you will not find here blockbuster telecom deals, or front page mergers. Instead, you will find examples of hundreds of companies, many founded and owned by individual entrepreneurs, companies that are the backbone of the economies in which they operate. Their owners have put their trust in IMAP partners, to guide them through what may be the most important and perilous process of their professional careers – to sell what they have built, or to buy what someone else has built. And IMAP partners perform this job brilliantly, time and time again.

This is why we are proud to present here some of our work over the past several years. Proud, not just because these deals were completed, but because we know that they were completed with special care for our clients and with respect for their accomplishments.

About IMAPIMAP HISTORY TIMELINE

Founding of IMAP by a group of US-based M&A Practitioners under the acronym

NAMAC

1973

Merger of two US-based M&A ad-visory organizations

(INTERMAC and IMAP) into one.

1993

Presence in UK, France, Germany Spain and Italy.

1999

Merger of Central and Eastern European

organizations (MACEE) into IMAP.

2005

Global Reach

IMAP offers an exceptional combination of global breadth and local depth to the client transaction.

IMAP is located in more than 35 countries throughout North and South America, Eastern and Western Europe, the Middle East, Africa and Asia. These firms share common values and principles, reinforced by rigorous standards and qualifications to ensure unmatched service, quality and unequaled results

ArgentinaBelgiumBosnia and HerzegovinaBrazilCanadaChileChinaCroatiaCzech RepublicDenmarkEgyptFinlandFranceGermanyHungaryIndiaIrelandItalyIvory CoastJapanMexico

MontenegroMorocconetherlandsnorwayPeruPolandPortugalKosovoRussiaSenegalSerbiaSlovakiaSloveniaSpainSwedenSwitzerlandturkeyUnited KingdomUnited StatesVietnam

See our corporate video

in the world in the number of closed transactions valued up to

IMAP rAnked

(as ranked in the Thomson Reuters’ League Tables)

US$200 million

gLobaL peRfoRmance 2012-2014

Rank financial advisor1 PwC

2 KPMG

3 Ernst & Young LLP

4 IMAP5 BDO

6 Deloitte

7 Rothschild

8 Houlihan Lokey

9 Lazard

10 Mizuho Financial Group

Undisclosed Values & Values

up to $200 million(Based on number of transactions)

4th

Consolidation of cross-bordercollaboration.

2008

IMAP adds more global locations.

2010

Presence in Peru, Norway and

Vietnam.

2014

IMAP coverage extends to Brazil,

Morocco, Senegal and Ivory Coast.

2015

consumeRpRoducTs & seRvices

consumerstaples

energy & power Financials HealtHcare industrials materials

real estate retail tmt government

EducATIONAL SERvIcES

cONSuMERPROducTS & SERvIcES

Up to $500M Source: Thomson Reuters

1 PwC 2 KPMG 3 BDO

4 IMAP 5 Deloitte 6 Ernst & Young LLP 7 M&A International 8 Mizuho Financial Group 9 Sumitomo Mitsui Finl Grp Inc 10 Grant Thornton

Vistria Group Private Equity GroupUnITED STATES

Acquired 100% of Business Operations

Penn Foster Corporate training & consumer distance educationUnITED STATES

Advised on Sale of Company

Advised Penn Foster, a leader in career-focused distance and hybrid learning that now offers compre-hensive high school, career school and college programs, on its acquisition by The Vistria Group. Vistria is a Private Equity Firm focused on invest-ing in middle market companies in the education, healthcare and financial services sectors.

Worldstrides Provides educational travel programsUnITED STATES


Oxbridge Academic Resourses Provides study abroad programsUnITED STATES


Advised Oxbridge Aca-demic Resources on its sale to WorldStrides, a portfolio company of The Carlyle Group. Oxbridge joins World-Strides’ impressive lineup of educational student travel pro-grams. WorldStrides, is the nation’s largest and one of the most respected accredited travel organizations, specializing in provid-ing exceptional educa-tional experiences.

Greybull Stewardship Private Equity GroupUnITED STATES


BrightStar Education Group For-profit post secondary education companyUnITED STATES


Advised BrightStar Education Group, dba Institute of Technol-ogy, on its sale to Private Equity Firm Greybull Stewardship. BrightStar is a portfolio company of Arlington Capital Partners. BrightStar, which will be now known as Se-lect Education Group, is a leading for-profit post-secondary educa-tion company with four campuses in California and Oregon.

EMPLOYMENT SERvIcES

9

SAE Institute (Navitas Ltd) Provides pre-uiniversity and university programsAUSTrAlIA


Ex’Pression College Provides bachelor’s degrees in digital artsUnITED STATES


Advised Ex’pression College, a California-based creative media college founded in 1998. The College grants Bachelor degrees in six pro-grams. Ex’pression will become part of the SAE Institute, Navitas’ creative media educa-tion division.

Sonans AS Private high schoolnorwAy


Nordic Academy AS Supplier of coursesnorwAy


Advised Nordic Academy with its sale to Sonans Utdanning. The deal is expected to significantly strengthen Sonans position in the professional courses market which focuses on restructuring pro-cesses, job clarification and activation.

All NRG Holding A/S Buy-and-build majority owned by Via Venture (PEG)DEnMArk

Acquired 100% of Shares

Q-Star Energy A/S Manpower provider for the energy sectorDEnMArk


Advised the sharehold-ers of Q-Star Energy in their sale to Via Venture Partners-controlled company All NRG. Q-Star Energy A/S, based in Esbjerg, provides highly specialized welders, electricians, scaffolders and insula-tors, as well as wind turbine experts and rope access services, to the oil, gas and wind industry in Europe.

D&B Beheer B.V. Personal holdingnEThErlAnDS


Human Resource Project Partners B.V. Secondment agencynEThErlAnDS

Advised on Purchase of Company

Advised D&B Beheer B.V. on the manage-ment buy-out of Human Resource Project Part-ners, a secondment agency specialized in on- and offshore engineering.

DEKRA AG Automotive, industrial and personnelGErMAny

Acquired Majority Stake

TUC Group Education within transportationDEnMArk


Advised TUC Group on the sale of a major-ity stake to Germany-based Dekra. With the acquisition, Dekra secures a strength-ened footprint in Scandinavia. The goal is to further expand its service portfolio and presence.

10 / Consumer ProduCts & serviCes

HOME fuRNISHINgS

Primary Capital Limited Private EquityUnITED kInGDoM

Acquired Majority Control of Business Operations

Gatenby Sanderson Limited Private sector recruitmentUnITED kInGDoM


Advised recruitment agency Gatenby Sand-erson on its manage-ment buyout, backed by Private Equity House Primary Capital.

TSL Education Ltd Support services and resource provision to teacherUnITED kInGDoM


Vision for Education recruitment services for the education sectorUnITED kInGDoM

Indentified the Buyer and Introduced the transaction

Facilitated an introduc-tion between Vision for Education and TES Global, the UK’s lead-ing player in teacher recruitment.

EMPLOYMENT SERvIcES

Jobindex A/S online job databaseDEnMArk

Acquired 100% of Business

StepStone A/S and it-jobbank A/S online job databaseDEnMArk


Advised Jobindex in their acquisition of Stepstone and IT-Jobbank. Jobindex, Denmark’s largest job database and recruitment company acquires the Danish part of StepStone, the leading provider of executive and career positions in Denmark, as well as the sister company it-jobbank, the largest Danish provider of IT jobs.

Cordant Group plc recruitment conglomerateUnITED kInGDoM


Sugarman Group Limited Public sector recruiterUnITED kInGDoM


Advised the Sugarman Group on its sale to Cordant Group. With Cordant’s support, Sugarman’s manage-ment team has a great opportunity to continue to accelerate the business’ growth; the transaction also enables Cordant to gain a strategic foothold in the healthcare and education sectors.

The Rowley Company Manufacturer and wholesaler of window decorUnITED STATES

Acquired Minority Ownership Position

Individual Owner

UnITED STATES

Advised on Recapi-talization of Company

Advised The Rowley Company on a recapi-talization. The acquisi-tion of an individual owner’s minority owner position provides the company with ad-ditional leverage in the regional window décor market.

11

The Rowley Company Manufacturer and wholesaler of window decorUnITED STATES

Acquired 100% of Assets

Article Inc. International home decor manufacturer and distributorCAnADA


Advised The Rowley Company, a manufac-turer and international distributor of decorat-ing supplies, on its acquisition of Article. The deal strengthens Rowley’s product of-ferings and expands its international opera-tions footprint.

Champlain Capital Partners Small and middle-market Private Equity FirmUnITED STATES


Master Cutlery, Inc. Manufacturer of knives, swords and defense productsUnITED STATES


Advised Master Cutlery, a prominent designer and manu-facturer of crossbows, hunting knives, military & tactical gear and self-defense products on its acquisition by Champlain Capital, a Private Equity Firm focused on small and middle market, niche businesses in manu-facturing, consumer products, distribution and non-financial services.

OTHER cONSuMER PROducTS

Ferritico Peru (subsidiary of Acero Comercial Ecuatoriano) Distributor of industrial machineryECUADor

Acquired 100% of the Company

Sullair del Pacifico Distributor of Sullair brand air compressorsPErU


Advised Sullair del Pacifico, a distributor of Sullair brand air compressors based in Peru, on its sale to Ferritico Peru, a subsid-iary of Acero Comercial Ecuatoriano based in Ecuador that distributes industrial machinery.

Adara Packaging Oy Total packaging solution providerFInlAnD


Display Pack Finland Cardboard marketing display manufacturerFInlAnD


Advised Display Pack Finland, a cardboard marketing display ma-nufacturer on the sale of 100% of its shares to Adara Packaging, a packaging solution provider.

MBO Partenaires Private Equity FirmFrAnCE


Alkos-Cosmogen Cosmetic packaging and manufacturingFrAnCE


Advised on the MBO of Alkos, French cosmet-ics manufacturer, and Cosmogen, innovative cosmetics packaging supplier. The transac-tion allows manage-ment to increase its shares; the PE firm to invest in the Group; with offices in China, Brazil & USA, sales up to €100M are expected within 5 years.

Atlantic Trade d.o.o. Leading FMCG distributor in SouthEast EuropeCroatia

Purchased 100% of the Company and Took Over the Distribution of Unilever in Slovenia and Croatia

Prodis d.o.o. Distributor of FMCG in SloveniaSLovEnia

Advised on Sale of Company and Transfer of Unilever Distribution Agree-ments

Atlantic Trade doo, a unit of Atlantic Grupa dd, acquired the entire share capital of Prodis doo, a Zagreb-based distributor of food and non-food products.

American Crane Group newly formed parent company of aE & 4oCGUnitED StatES


American Equipment overhead crane manufacturer and service companyUnitED StatES

Advised on Merger with 4OCG

Advised American Equipment on its merger with 4OCG, thus creating American Crane Group, the newly formed parent com-pany of AE and 4OCG.


Other COnsumer PrOduCts

Republic Tobacco LP Distributor of tobacco productsUnitED StatES


Johnson Creek Enterprises LLC Manufactures e-liquids for use in e-cigarettesUnitED StatES


Advised Johnson Creek Enterprises LLC in the sale of 50% of its ownership to Republic Tobacco LP. The trans-action marks Republic Tobacco’s strategic move into the burgeon-ing electronic cigarette and consumer vaping markets. By joining forces with Republic, Johnson Creek Smoke Juice and accessories will soon be available in thousands of outlets throughout the country.

Lifetime Brands Inc Leading global provider of kitchenware & tablewareUnitED StatES


Thomas Plant (Birmingham) Ltd Supplier of kitchenware productsUnitED KinGDoM


Advised the sharehold-ers of Kitchen Craft on its sale to NASDAQ-listed Lifetime Brands. Kitchen Craft and Lifetime Brands share the same values and ethos; the combination of the two businesses provides significant opportunities for growth in the UK and internationally.

Bunzl plc. Multinational distribution and outsourcing companyUnitED KinGDoM


Ocean S de RL Distributor of personal protective equipmentMExiCo


Advised Espomega, a leading redistribution business supplying a variety of safety prod-ucts, including gloves and protective clothing, throughout Mexico, on its sale to Bunzl. The acquisition expands Bunzl’s safety business in Mexico.

13

Magnum Capital Industrial Private EquitySPAIn

Acquired

Iberchem SA Flavours and fragances manufacturerSPAIn

Advised on MBo Process

Advised Iberchem, a fragrances & flavors firm, on its sale of a ma-jority stake to Magnum Capital. Through this acquisition, Magnum intends to consolidate its existing position in China, Indonesia and the Middle East. The firm also plans to enter emerging markets.

PROfESSIONAL SERvIcES

R2i Services Facility servicesFrAnCE

Acquired 100% of the Capital

PEOPLE COCCINELLE Modeling agencyFrAnCE


Advised People Coc-cinelle, a modeling agency, on the sale of its capital to R2i Services, a facility ser-vices provider based in France.

BISNODE EU leading credit, market & business info providerCzECh rEPUBlIC

Acquired 100% Shares of Newly Spun Off Enterprise

IS OCTOPUS, s.r.o. Cz leading credit info assessment systemCzECh rEPUBlIC

Spin off & Sale of the new Entity

Advised IS Octopus, a leading credit infor-mation assessment system company on its sale of their newly spun off enterprise to Bisnode, a EU leading credit and business information provider.

Studec SAS Technical documentation, engineering and IlSFrAnCE

Acquired 100% of the Spanish Business, and the German Business Assets

AC&S SRL (Spain), AC&S GmbH (Germany). Training solutions & technical documentationSPAIn

Advised on Sale of two Subsidiaries

Advised ESG on the sale of its subsidiary AC&S Spain and the ILS business from AC&S Germany to Studec SAS. ESG is a provider of engineering services for aero-space, automotive and defense.

Cardtronics, Inc. Global operator of off-premise ATM’sUnITED STATES


Sunwin Services Group Ltd operator of ATM’s, CIT and security servicesUnITED kInGDoM


Advised The Co-opera-tive Group on the sale of its Sunwin Services Group business to Cardtronics. The Sunwin Services Group includes the following services: cash and valuables transit, ATM support and Sunwin Managed Security.

MDLG INVEST holding company of the managersFrAnCE


ETC Energy control consulting servicesFrAnCE


Arranged an MBO for ETC, a thermal and acoustical engineering firm located in Nor-mandie. ETC is special-ized in residential home diagnoses.

Fujitsu Limited leading IT companyJAPAn

Acquired Investment Interest

Yokogawa Medical Solutions Developer of medical equipmentJAPAn


Advised Fujitsu, a lea-ding global IT company, on minority investment into Yokogawa Medical Solutions, a developer of medical IT systems and subsidiary of Yokogawa Electric, for a business & capital al-liance in future medical solutions.


PROfESSIONAL SERvIcES

Enterprise Rent-A-Car Vehicle rentalUnITED STATES


Burnt Tree Holdings Vehicle rentalUnITED kInGDoM


Advised Burnt Tree, the UK’s largest commercial vehicles rental provider, on its cross-border sale to Enterprise Rent-A-Car.

Ambienta SGR Private Equity Italian fundITAly


IP Cleaning SpA Machinery & equipment for professional cleaning marketITAly

Distressed M&A

Advised Ambienta SGR, the largest European Private Equity fund specialised in the environmental sector, i) on the acquisition of IP Cleaning, owned by Synergo SGR, and ii) on the definition of an agreement with the lending banks, con-cerning the reschedu-ling of the outstanding medium-long term debt and the confirmation of current short term credit facilities.

Daiwa House leading home builder and real estate companyJAPAn


TOMO Parking facilities operatorJAPAn


Advised Daiwa House, a top ranked home builder, on the acquisi-tion of Tomo, a parking facilities operator, to expand it parking facili-ties business.

15

Soho Design A financial investment companyUnITED STATES

Acquired all Assets of Business Operations

Tui Lifestyle A turnkey lifestyle luxury furniture providerUnITED STATES

Adviced on Purchase of Company

Advised Soho Design, a 55%-45% joint venture between Sevin Ergun, a private Turkish investor and Tui Pranich, an interior luxury designer, during the acquisition of all assets of Tui Lifestyle.

Finnmap Consulting Oy Engineering and building servicesFInlAnD

Acquired Selected Assets of Business Operations

Profil-Bau Consulting Oy Engineering and building servicesFInlAnD

Represented the Seller

Advised Profil-Bau Consulting on the sale of some of its selected assets to Finnmap Consulting, a leading engineering and buil-ding services company.

Mubadala Development Company Investment and development companyUnITED ArAB EMIrATES


Piaggio Aero Industries SpA Aviation, defence and securityITAly

Sold Equity Stake of 31%

Advised a group of private investors in the disposal of a 33% stake in Piaggio Aero, a state of the art group in the aviation industry, developing and manu-facturing unmanned aerial systems, aircraft and aero-engines for private operators, go-vernments and military, to Mubadala.

LDC Private Equity Arm of lloyds Banking GroupUnITED kInGDoM

Invested

CEL Procurement outsourced procurement servicesUnITED kInGDoM

Advised on the Equity Raise

Advised Private Equity house LDC on its investment in CEL Procurement, a procurement services provider for public sec-tor organisations.

Sentica Partners Oy Sentica is an independent Private Equity companyFInlAnD

Acquired 100% of the Company Shares

Secto Automotive Oy Corporate car leasing service and fleet managementFInlAnD

Advised the Seller

Advised Secto Automo-tive, Finland’s largest privately-held car leasing company, on its sale to Funds managed by Sentica Partners. The deal furthers Secto’s growth strategy for its leasing services.

Excellere Capital Management Private Equity FirmUnITED STATES


G2 Partners, LLC Consulting FirmUnITED STATES


Served as the buy-side advisor to Excellere Capital Management, LLC ,a Private Equity Firm, in its acquisition of G2 Partners, LLC, a rapidly-growing con-sultant and advisor to the energy, transporta-tion & manufacturing industries.

Trex Services logistics companyUnITED STATES


Turner Rapid Express logistics companyUnITED STATES


Advised Turned Rapid Express, a US based lo-gistics company, on its sale to Trex Services. Trex is an entity formed by an individual for the purpose of acquir-ing the Turner Rapid Express.


PROfESSIONAL SERvIcES TRAvEL SERvIcES

LDC Private Equity houseUnITED kInGDoM


Away Resorts Holdings Limited holiday park operatorUnITED kInGDoM


Advised the sharehold-ers of Away Resorts, the UK holiday park owner and operator, on its agreed sale to mid-market Private Equity house LDC.

GE Healthcare Technology, services, research for healthcare sectorUnITED kInGDoM


Finnamore Ltd Consultancy services to Uk healthcare sectorUnITED kInGDoM


Advised Finnamore, one of the leading dedicated health and social care consultan-cies in the UK, on its sale to GE Healthcare (NYSE: GE).

17

consumerstaples

Up to $200MSource: Thomson Reuters

1 PwC 2 KPMG 3 Rothschild

4 IMAP 5 Deloitte 6 BDO 7 Ernst & Young LLP 8 Sumitomo Mitsui Finl Grp Inc 9 Mizuho Financial Group 10 Rabobank NV AgRIcuLTuRE ANd LIvESTOck

Wilmar International leading agri commodities playerSInGAPorE

Acquired Equity Stake - Joint Venture Agreement

Shree Renuka Sugars Limited India’s largest sugar manufacturerInDIA

Advised Seller

Entailed infusion of $200 million of primary capital by Wilmar In-ternational Limited through its 100% sub-sidiary Wilmar Sugar Holdings into Shree Renuka Sugars Limited (SRSL) under a Joint Venture Agreement with both parties hold-ing equal shareholding and board representa-tion in SRSL.

Undisclosed Undisclosed descriptionInDIA

Acquired Selected Assets

Sir Shadi Lal Enterprises Ltd Sugar manufacturer based in IndiaInDIA

Advised Seller

Advised Sir Shadi Lal Enterprises on the strategic sale of UNN Sugar Complex to an undisclosed buyer.

Qualified Moroccan Investors Qualified Moroccan investors; Fitch ratingsMoroCCo

$35 Million Senior Notes Issued to Moroccan Investors

Zalagh Holding Integrated player in the Moroccan poultry industryMoroCCo

Senior notes Issued to Moroccan Inves-tors and Rating

Senior notes issued to Moroccan investors and rating.

EBRD Development financial institutionMoroCCo

$12 million Senior Notes Issued to EBRD


Exclusive Financial Advisor on EBRD Private Placement

Acted as the exclusive financial advisor on EBRD’s private place-ment.

International Finance Corporation largest global development institutionMoroCCo

Equity Injection of $24 million


Advisor on an Equity Private Placement

Advised on an equity private placement of $24 million in Zalagh Holding.

PrimaMundo Group Distributor of daily fresh fruits and vegetablesBElGIUM


Alva Verse Vruchten nv Distributor of daily fresh fruits and vegetablesBElGIUM


Advised the sharehol-ders of ALVA Verse Vruchten, an importer and distributor of fresh fruit and vegetables, in the sale of their busi-ness to PrimaMundo Group. PrimaMundo is active in the same market achieving a turnover of € 150 million.

La Doria SpA Production of tomato based productsITAly


Pa.Fi.Al. Srl (Althea SpA Delfino SpA) Production of ready to use pasta saucesITAly


Advised the sharehol-ders of Pa.fi.al. Group, controlling Althea and Delfino, both lead-ing companies in the European private label segment of ready to use pasta sauce mar-ket, in the disposal of 100% to La Doria, listed company engaged in the production of tomato based products, canned vegetables and fruit juices.

A Group of Private Investors A group of private investorsTUrkEy


Likya Tarim Turkey-based agricultural companyTUrkEy


Advised a group of pri-vate investors on their purchase of a minority stake in Likya Tarim, the Turkey-based pioneer and agricultural innova-tor company special-ized in almonds.

AgRIcuLTuRE ANd LIvESTOck

18 / Consumer staPles

fOOd ANd bEvERAgE

Balconi Family Investment holdingITAly


Fida S.r.l. Jelly candies producerITAly


Advised Credem Private Equity SGR and the disposal of 100% share capital of Fida, an Italian leader in the candy sector, to a group of private investors.

Delika Food Group A/S Manufacturer of processed meat products for retailDEnMArk


Eberhart A/S Manufacturing and sale of smoked meat productsDEnMArk


Advised Eberhart, a family owned meat processing company in the production of boiled and smoked products of high quality, on its sale to Delika Food Group,a Danish proces-ser of a wide range of meat products for the retail and food service segments.

19

Davide Campari Milano SpA leading Italian player in the spirits businessITAly


F.lli Averna SpA Producer of the the well known Amaro AvernaITAly


Advised the sharehol-ders on the disposal of Averna, an Italian lead-ing spirit company, to Campari Group, a major player in the global branded beverage in-dustry, with a portfolio of over 50 premium and super premium brands marketed and distributed in over 190 countries worldwide.

WHW Bakeries retail seller of bread productsIrElAnD


Irish Pride Bakeries Ireland’s second largest bakeryIrElAnD

Advised on Sale of Subsidiary

Advised One Fifty One on the sale of Irish Pride Bakeries to WHW Bakeries, a Lloyd Group company. The Lloyd Group is a diversified holding company with interests in the IT and engineering sectors. Irish Pride is Ireland’s second largest bakery, with sales in excess of € 50 million. The acqui-sition provides WHWB with a foothold in the Irish bakery industry.

Wagner Holding GmbH Family office of an entrepreneurial familyGErMAny


Ökofrost GmbH wholesaler of organic frozen foodsGErMAny

Advised on Aquisi-tion of Portfolio Company

Advised Wagner Hol ding GmbH on the acqui sition of a 49% stake in Ökofrost GmbH, thereby expanding its portfolio of innovative SMEs in the sustainable food sector.

Paladin Capital Partners Private Equity fundITAly


Greci Industria Alimentare SpA Production and distribution of food productsITAly

Distressed M&A

Advised Greci Industria Alimentare, leader in the production and distribution of food products, in its disposal to the Private Equity Paladin Capital Partners.

AS Group leading food and beverage producerBoSnIA AnD hErzEGoVInA


Klas dd The leading industrial mill and bakery in BosniaBoSnIA AnD hErzEGoVInA


Advised Klas d.d., market leader in the milling & bakery industry in Bosnia and Herzegovina, in the sale of an undisclosed majority interest to AS Jelah Group. The deal enables AS Group to strengthen, expand business operations in line with becoming BIH’s leading player in the food industry.

The European Bank for Re-construction and Develop-ment (EBRD) Development financial institutionMoroCCo

Mezzanine Loan Subscribed by EBRD

Citruma Producer of juices and concentrated citrusMoroCCo

Advised on a Mezza-nine Loan Subscribed by EBRD

Advised on a mez-zanine loan subscribed by EBRD.

ARX Equity Partners and Darby Private Equity regional Private Equity FirmshUnGAry


Gramex 2000 Kft & G.F Investment Kft. Manufacturer of soft drinkshUnGAry


Advised Gramex, a Hungary based manu-facturer of soft drinks, on its sale to ARX Equity Partners and Darby Private Equity.

Carlyle Cardinal Ireland €300m Irish PE fund founded by The Carlyle GroupIrElAnD


Lily O’Brien’s Premium chocolate and dessert manufacturerIrElAnD


Advised the share-holders of Lily’s Limited on the sale of Lily O’Brien’s, an Irish manufacturer of premium chocolates and desserts, to Carlyle Cardinal Ireland. Lily O’Brien’s represents CCI’s first investment in Ireland; the transaction positions the busi-ness for international growth.

20 / Consumer staPles

fOOd ANd bEvERAgE

Glanbia, Plc Global nutritional solutions and cheese groupIrElAnD


Nutramino Holding ApS Danish sports nutrition brandDEnMArk


Advised Roll-o-Matic A/S, a leading player on the Scandinavian market for sports nutrition products, on its sale to Glanbia, with sales in more than 130 countries. The acquisition expands Glanbia’s presence in the Nordics within the performance nutrition, healthcare and educa-tion sectors.

The Abraaj Group Private Equity Firm in the Middle EastUnITED ArAB EMIrATES


Yörsan Gida Mamulleri San ve Tic A.S. one of the largest dairy producersTUrkEy


Acted as the exclusive financial and strategic advisor to The Abraaj Group in its agreement to acquire a majority stake in Yörsan, one of Turkey’s largest dairy producers. The deal offers Yörsan strategic market opportunities.

21

Univeg Group NV Fresh produce grower and distributorBElGIUM


Empire World Trade Ltd Fresh produce distributorUnITED kInGDoM


Advised Empire World Trade on its cross-border sale to UNIVEG Group. This deal is an example of the predicted trend for more deals in the food and beverage space as European strategic buyers aim to increase their exposure to UK markets.

McCormick & Company one of global leaders in flavorUnITED STATES

Acquired

Wuhan Asia-Pacific Condiments one of the leading flavor suppliers in ChinaChInA


Advised McComirck & Co on the acquisition of Wuhan Asias-Pacific Condiments, one of the leading flavor suppliers in China. This enables McCormick to increase its presence in the country.

Alicorp leading consumer goods companyPErU


Pastificio Santa Amalia Pasta and other food products manufacturerBrAzIl


Advised Pastificio San-ta Amalia, a producer of pasta and other food products, on its cross border sale to Alicorp, the leading consumer goods company based in Peru.

Kwik Tek Provides summer recreational productsUnited StateS


Yukon Charlie’s designs winter & outdoor recreational productsUnited StateS


Represented Syner gy Sportz, dba Yukon Charlie’s, in its sale to Kwik Tek Inc. Yukon Charlie’s is a branded recreational products company that designs and develops winter sports and outdoor lifestyle products, spe-cializing in snowshoes. Kwik Tek Inc. is a de-signer and distributor of branded consumer goods for the outdoor recreation industry.

Dorel Industries Ltd. Manufactures, & sells juvenile products and bicyclesCanada


Tiny Love Ltd Baby Products & developmental toy company.iSrael


Advised Tiny Love, an award-winning baby products and develop-mental toy company headquartered in Tel Aviv, Israel, on its sale to Dorel Industries. Tiny Love is a recognized innovator in develop-mental toys for babies and toddlers. Dorel Industries is a world class juvenile products and bicycle company.

Palatine Private Equity Private equity houseUnited KingdoM


Character World Holdco Limied designer & distributor of home furnishingsUnited KingdoM

Advised on Secondary MBO

Advised Character World, a licensed bedding specialist, on a £36 million secondary management buyout backed by Palatine Private Equity.

Other COnsumer staples textiles and apparel

22 / Consumer staples

Undisclosed Buyer Paper manufacturerPerU

Acquired selected assets of Seller inlcuding Minerva Brand

Viuda de Mariategui (MINERVA) Paper products and notebooks manufacturerPerU

Advised on Sale of main Assets including MINERVA Brand

Advised on sale of main Assets including MINERVA Brand to an undisclosed buyer.

Fuji Oleos America do Sul Subsidiary of Fuji oil Co., ltd.Brazil

Acquired Majority Control Of Business Operations

Harald Alimentos Chocolate ManufacturerBrazil


Advised Fuji Óleos América Do Sul, Importaçao, Serviços e Comércio de Produtos Alimentícios Ltda., on its purchase of the chocolate manufac-turer Harald Indústria e Comércio De Alimentos Ltda.

FOOd and Beverage

Hansol Paper Co Ltd Paper producerDEMoCrATIC PEoPlE’S rEPUBlIC oF korEA


Telrol BV label manufacturernEThErlAnDS


Advised Telrol, a leading European manufacturer of self adhesive labels, on the sale to Hansol Group, a listed South Korean conglomerate with operations in paper production, chemicals, home decoration and IT parts having sales of $ 726 million.

Modalliance holdingFrAnCE


Codis International Textile trading companyFrAnCE


Advised a manager in the acquisition of Codis International, with the support of PEGs Entrepreneur Venture & Ouest Croissance. Founded over 30 years ago, Codis International is a leader in mass-market clothing (1500 apparel models and underwear). Headquar-tered in South West of France, the company has 3 other regional locations.

23

ALTERNATIvE ENERgY SOuRcES

energy & power


1 PwC 2 RBC Capital Markets 3 KPMG 4 Ernst & Young LLP 4* Simmons & Co International 6 Goldman Sachs & Co 6* Evercore Partners 8 Macquarie Group 9 Citi 10 Lazard 11 Morgan Stanley 12 Rothschild 13 Bank of America Merrill Lynch 14 Tudor Pickering & Co LLC 14* Deloitte 16 M&A International

16* IMAP 18 Barclays

VB Enterprise A/S Installation and service of wind turbinesDEnMArk

Acquired Majority Control

APRO Wind A/S Installation and service of wind turbinesDEnMArk

Advised on Sale of the Company

Advised Apro Wind in their sale to VB Enter-prise (controlled by Via Venture Partners). Apro Wind employs around 200 employees and performs mechanical installation and service tasks for wind turbines manufacturers and park owners, globally.

24 / energy & Power

OIL ANd gAS

Consortium of Private Investors Consortium of private investorsrUSSIA

Acquired 62% stake

CJSC Uralneft-egazprom oil & gas exploration and development projectrUSSIA


Advised investors on the acquisition of a majority interest in UNGP from Stroy-transgaz, a leading oil & gas infrastructure construction company. UNGP is a developer of oil and gas fields in the Orenburg region.

Cepsa S.A. An integrated energy companySPAIn

Capital Restructuring and Business Expansion in China

Cepsa S.A. Cumene productionChInA


Advised the Spanish energy group Cepsa S.A. on the completion of the capital restruc-turing of its investment in China and expansion of its China presence for cumene production.

OTK Group Midcap integrated oil and gas companyrUSSIA


Izhevsky oil refinery oil refineryrUSSIA


Advised OTK Group, a Russian midcap integrated oil & gas company, on its acquisition of Izhevsky oil refinery, a Russian oil refinery. This ac-quisition provides OTK Group better access to resources, strengthen-ing its market position.

Montepio Geral Commercial BankPorTUGAl

Provided Revolving Credit Facility

Gascan, S.A. Distribution and market of propane gasPorTUGAl

Advised on Restruc-turing Financial obligations

Advised Gascan on its financial obligations’ restructuring.

Antofagasta Minerals S.A. Copper mining groupChIlE

Acquired 40% Interest in Project

Alto Maipo SpA 531Mw hydro power projectChIlE


Advised Antofagasta Minerals, in its acquisi-tion of a 40% stake in Alto Maipo SpA, a 531 MW hydro power proj-ect being developed by AES Gener in the central part of Chile.

ALTERNATIvE ENERgY SOuRcES

Newco Energy efficiency performance certificationUnITED kInGDoM


Stroma Energy efficiency performance certificationUnITED kInGDoM


Provided debt advisory and strategic buy-side support to LDC for its investment in Stroma. Stroma, with a strong market position in cer-tification and fieldforce software within the domestic and commer-cial energy market, is well-placed to leverage this market’s growth opportunities.

Mitta Oy Provider of geodetic surveying and measurementFInlAnD


Kemijoki Aquatic Technology Oy hydrology and geotechnic servicesFInlAnD


Advised the most important producer of hydroelectric power and related services in Finland, Kemijoki Oy, to sell its subsi-diary Kemijoki Aquatic Technology Oy to Mitta Oy. The divestment was an important part of Kemijoki Oy’s change management program to streamline its organi-zational structure.

Fina Enerji Holding A.S. Developer and constructor of energy projectsTUrkEy


Polyak Enerji Üretim Madencilik San. Tic. A.S. Company engaged in coal based energy generationTUrkEy


Acted as the exclu-sive financial and strategic advisor to Fina Enerji Holding in its acquisition of a 70% stake in Polyak Enerji Üretim Madencilik San. Tic. A.S., a company engaged in energy generation.

25

Lukoil Belgium NV Major oil companyBElGIUM


Verolma Maastricht Beheer BV / Verolma BvbA retail petrol stationsnEThErlAnDS


Advised Lukoil on its acquisition of 59 gas stations in Belgium and the Netherlands. According to Bulat Subaev, managing director of LUKOIL Belgium, entering the Dutch market fits with LUKOIL’s gas station expansion strategy in the Benelux market.

OTHER ENERgY ANd POwER

BW Rogers Co Value-added distributor of fluid power productsUnITED STATES


K-D Fluid Power Corp Value-added distributor of fluid power productsUnITED STATES


Advised B.W. Rogers, a 20-year client, on its acquisition of K-D Fluid Power. Both are established distribu-tors of Parker Hannifin (NYSE: PH) hydraulic and pneumatic prod-ucts. IMAP’s relation-ship with PH has been influential in launching the consolidation trend of its distributorships.

POwER

Pure Technologies Develops technologies for water pipelinesCAnADA

Acquired 100% of Business Infrastructure

Wachs Water Services water flowcontrol maintenance & supportUnITED STATES

Advised Company on Sale

Advised Wachs Valve and Hydrant Services, LLC (“Wachs Water Services”) on its ac-quisition by Pure Tech-nologies Ltd. Wachs Water Services is a leading provider of flow control maintenance and support, leak detection and related asset management services to the water sector in the United States.

Veitransport AS logisticsnorwAy


Mathisen Renovasjon AS A national sanitation companynorwAy


MECE Invest AS, which owns the transport companies Veitransport AS and Veikran AS, has acquired 100% of the shares in Mathisen Renovasjon AS. The acquisition strength-ens the Veitransport Group’s position within refuse collection and waste management.

Number of Institutional Investors number of institutional investorsUnITED kInGDoM

Acquired One51 PLC Shareholding in Augean PLC

Augean PLC Specialist waste management companyUnITED kInGDoM

Advised on Sale of Shares in Subsidiary

Advised One51 PLC on the disposal of its stake in Augean PLC, a UK hazardous waste management company listed on the Alternative Investment Market. The sale represented an important step One51’s strategy to divest of non-core assets and focus on its plastics and environmental service business in Ireland, the UK and China.

26 / energy & Power

wATER ANd wASTE MANAgEMENT

BHP Billiton Mining groupAUSTrAlIA

Secured Long-Term Power based on the Construction of a New Combined Cycle Power Plant

Kelar S.A. Power generatorChIlE

Financial Advice on Bidding Process

Acted as financial advisor to BHP Billiton on the bidding process to secure long-term power based on the construction and operation of Kelar (517 MW) combined cycle power plant.

Sierra Gorda SCM A new copper mine in Chile. $2.88 bn invesmentChIlE

To contract Power Supply for 251 MW for 20 yrs. & the Development of a New 500 MW Power Plant

Empresa Eléctrica Cochrane S.A. Power generatorChIlE

Advised on a Bidding Process to Purchase Long term Power Supply & Develop-ment of a new Power Plant

Advised Sierra Gorda on the tendering of a 20-year power pur-chase agreement (PPA) for its Sierra Gorda greenfield mining proj-ect, including construc-tion of a new coal-fired power plant. Empresa Eléctrica Cochrane S.A. (subsidiary of AES Gener S.A.) will supply in total 251 MW.

POwER

Empresas Públicas de Medellín Multi-utility provider of regulated servicesColoMBIA


Aguas de Antofagasta S.A. water company serving Antofagasta region, ChileChIlE


Advised Empresas Publicas de Medellin, a multi-utility provider of regulated services, on its cross border acquisition of the water company Aguas de Antofagasta, based in Chile.

27

bROkERAgE

Financials


1 PwC 2 KPMG 3 Ernst & Young LLP 4 Lazard 5 Rothschild

6 IMAP 7 Houlihan Lokey 7* Deloitte 9 BDO 10 Goldman Sachs & Co

Rakuten Securities online brokerage firmJAPAn


FXCM Japan Securities online retail Fx brokerage firmJAPAn


Advised FXCM, the leading US-based global provider of on-line foreign exchange trading and related services, in the sale of 100% of its shares of FXCM Japan Securities to Rakuten Securities, a leading online securi-ties firm in Japan, for $62 million.

Coast Capital Savings Credit union operating throughout CanadaCAnADA

Acquired the Prime Equipment and Vehicle Finance Assets

Travelers Financial Corp. - Vehicle Asset financing division Equipment finance brokerCAnADA

Advised on Sale

Advised on the sale of Travelers Financial Corp’s vehicle financing assets to Coast Capital Savings, a credit union operating throughout Canada.

cREdIT INSTITuTIONS

Sterling Bancorp offers banking products and servicesUnITED STATES


Damian Services Corporation Provider of payroll funding and servicesUnITED STATES


Advised Damian Services Corporation, a payroll funding and services provider, on its sale to Sterling Bancorp (NYSE: STL), through its principal subsidiary Sterling National Bank.

MacQuarie BankUnITED STATES

Provided Acquisition Funding

Capital Pawn Holdings LLC operator of pawn locationsUnITED STATES

Advised on Place-ment of Debt

Advised a family office in its acquisition of Capital Pawn Holdings, LLC. Capital Pawn Holdings, LLC is a lead-ing operator of pawn store locations in the Southeastern United States.

Capital Pawn Holdings LLC Pawn store operatorUnITED STATES


Capital Pawn Inc. Pawn store operatorUnITED STATES


Advised a family office in its acquisition of Capital Pawn Holdings, LLC. Capital Pawn Holdings, LLC is a lead-ing operator of pawn store locations in the Southeastern United States.

Undisclosed Undisclosed descriptionInDIA

Acquisition of 7.5% equity stake

National Commodity & Derivatives Exchange Ltd. leading commodities & derivatives exchange in IndiaInDIA

Advised on Sale of Equity Stake

Advised on sale of 7.5% equity stake in NCDEX to an undisclosed buyer for $ 10 million.

28 / FinanCials

dIvERSIfIEd fINANcIALS ExcHANgEScREdIT INSTITuTIONS

3i Debt Management Limited A leading debt management businessUnITED kInGDoM

Acquired €2 billion CLO Management Contracts

7 European CLOs from Invesco Investment management corporationUnITED kInGDoM

Advised on the Ac-quisition of €2 billion CLo Management Contracts

Advised 3i Debt Management on the acquisition of seven Eu-ropean Collateralised Loan Obligation (‘CLO’) management contracts from Invesco. The transaction builds on the company’s strategy to grow its business and take advantage of attractive opportunities, in Europe and North America.

Tryg Forsikring A/S nordic insurance providerDEnMArk


Securator A/S Extended warranties for consumer electronicsDEnMArk


Advised Securator A/S (DK) – Denmark’s leading provider of extended warranties for consumer electron-ics – in their sale to the Nordic insurance group Tryg Forsikring A/S (DK).

Hub International International insurance brokersUnITED STATES


CanSure Underwriting General agency commercial property and liabilityCAnADA


Advised Can Sure Underwriting, a com-mercial property and liability agency, on its sale to HUB Interna-tional, an insurance brokers company.

KJK Capital OY An independent asset managerFInlAnD


Iskra ISD Manufacturer of plastic and metal componentsSloVEnIA


Advised Iskra ISD, a manufacturer of plastic and metal components, on its cross border sale to KJK Capital, and independent asset manager.

OTHER fINANcIALSINSuRANcE

Grant Thornton Belgium Audit, accountancy and taxBElGIUM


BeAligned Belgium Strategy implementationBElGIUM


Advised BeAligned Belgium on the sale of its business operations to Grant Thornton.

CADCO Holdings Private investing entityUnITED STATES

Provided Growth Funding

Latin American Consumer Finance Consumer finance companyMExICo

Advised on the Placement of Debt

Advised a financial buyer to finance the growth of Latin Ameri-can Consumer Finance, LLC. Latin American Consumer Finance, LLC is a leading operator of installment lending locations in Mexico.

29

HealtHcare


1 KPMG 2 PwC 3 Houlihan Lokey 4 BDO

5 IMAP 6 The Braff Group 7 Rothschild 8 Deloitte 9 Jefferies LLC 10 Ernst & Young LLP

Sovereign Capital Partners LLP Private Equity houseUnITED kInGDoM


Nurse Plus and Carer Plus (UK) Limited Provider of nurses and carersUnITED kInGDoM


Nurse Plus, a provider of staffing solutions & homecare services, has received signifi-cant investment from Sovereign Capital in a deal advised by IMAP.

Siegfried Group Contract manufacturing organization for pharmaSwITzErlAnD


Hameln Pharma Sterile filling of pharmaceutical productsGErMAny

Advised on Sale of Subsidiaries

Advised Hameln Group in carving out its contract manufacturing unit and sell it to the strategic buyer Sieg-fried. The divestment helps Hameln to focus on its branded generic business.

bIOTEcH/PHARMA SERvIcES (cRO, cMOS ANd TOOLS)

Groupe Chèque Déjeuner #3 global provider of voucher and prepaid cardsFrAnCE


Sí Vale (Prestaciones Universales) #1 Mexican provider of voucher and prepaid cardsMExICo


Advised Group Chèque Déjeuner, third-largest player worldwide in its market, in its acquisi-tion of Si Vale. The transaction enables the buyer to access the American continent, establishing Mexico as a hub to expand in other countries such as Colombia, Peru, Chile, United States and Canada.

OTHER fINANcIALS

30 / FinanCials

31

União Quimica leading Brazilian pharmaceutical companyBrAzIl

Acquired a Manufacturing Facility

Novartis Taboa da Serra plant Global leading pharmaceutical companyBrAzIl

Advised on Sale of Assets

Advised Novartis in carving out its non-core solid manufacturing plant in Brazil from its commercial business and sell it along with a long term toll manu-facturing agreement to the local lab União Quimica.

SBK Holding Turkey-based conglomerateTUrkEy


Biofarma Phar-maceutical Indsutry Co. Turkey-based manufacturer of generic drugsTUrkEy


Advised SBK Holding, the Turkey-based conglomerate, on its acquisition of Biofarma, established in 1945 and one of the oldest manu-facturer of generic drugs in Turkey.

bIOTEcHNOLOgY - PHARMAcEuTIcALS

Laczay Family Majority ownersof targetcompanyhUnGAry

Acquired 25% Shares from the Minority Owner

Lavet Kft. A leading veterinary producer and distributorhUnGAry

Advised on Sale of 25% Shares of the Company

Advised on sale of the sale of 25% shares of Lavet, a leading veterinary producer and distributor to the Laczay family, the majority owners of the business.



Münir Sahin Ilaç Sanayi Turkey-based drug manufacturerTUrkEy


Advised SBK Holding, the Turkey-based conglomerate, on its acquisition of Münir Sahin Ilaç, established in 1929 and one of the most deep rooted drug manufacturer in Turkey.

Abbey Pharma Ltd Supplier of niche pharmaceutical medicinesUnITED kInGDoM


Peckforton Pharmaceuti-cals Ltd Speciality pharmaceutical companyUnITED kInGDoM


Specialist pharma-ceuticals company Peckforton has been acquired by Abbey Pharma, in a transac-tion advised by IMAP.

Undisclosed Buyer Manufacturer and distributor of medical productsSwEDEn


Countrywide Supplies Ltd Distributor of prescription medical productsUnITED kInGDoM


Advised Countrywide Supplies, a leading distributor of prescrip-tion medical products, on its cross-border sale to Atos Medical. This transaction further sup-ports Atos Medical’s commitment to the UK market and consumers.

Sterling Partners Private Equity fundUnITED STATES

Acquired Business

Surgical Solutions LLC healthcare service provider for operating roomsUnITED STATES


Advised Surgical Solu-tions, LLC in its majority sale to Sterling Part-ners, a financial buyer. Surgical Solutions, LLC is a healthcare services company providing technicians and equipment to hos-pital operating rooms and surgery centers in support of minimally invasive surgeries.

32 / HealtHCare

bIOTEcHNOLOgY - PHARMAcEuTIcALS

MEdIcAL dEvIcES - EquIPMENT ANd dIAgNOSTIcS

Galderma S.A. world-leading dermatology groupSwITzErlAnD

Acquired 100% of the Shares

Spirig Pharma AG European dermatology groupSwITzErlAnD


Advised Spirig Pharma on its sale to Galderma, a joint venture of Nestlé and L’Oreal . The deal is expected to significantly strengthen Galderma’s position in the dermatology market in CH, DE, AT, CZ, and SK; expand global distribution for Spirig’s skin care and dermatol-ogy products.

Stada Arzneimittel AG leading provider of oTC and generic drugsGErMAny


Spirig Healthcare AG oTC & generic drugs carve-out of Spirig Pharma AGSwITzErlAnD

Advised on Carve-out / Sale of a Business Unit

Advised the owners of Spirig Pharma on the sale of its generic drugs and OTX busi-ness unit. The business unit was spun off into a new legal entity, which was then sold to STADA. The transac-tion was initiated to leverage accelerating global consolidation in the generic drugs industry.

Fagron BV / Arseus NV Pharmaceutical compoundingnEThErlAnDS

Sold Remaining 49% Stake

Unit Dose Packaging BV Innovative medical unit dose packagingnEThErlAnDS


Advised Hanto Invest, Allcare 4 IT and 4C Care & Consultancy in their sale of patents re-garding single packag-ing of pharmaceuticals to Fagron NV a listed company.



Betasan Manufacturer of bandages and plastersTUrkEy


Advised SBK Holding, the Turkey-based conglomerate, on its acquisition of Betasan Bant, the first Turkey based manufacturer of adhesive bandages, flexible bandages and plasters.

33


Undisclosed HNW Individual Financial investorFrAnCE


FLAMARC Distribution of consumables to dental labsFrAnCE


Advised the sale of FLAMARC to an exter-nal manager. Founded in 1979, FLAMARC is an innovative company specialized in manufac-turing and distribution of high end consum-ables for dental techni-cians.

Lincare Holdings respiratory, infusion therapy& medical equipUnITED STATES


Wright & Filippis Non Clinical Group Prosthetics & orthoticsUnITED STATES


Lead a sale process for Wright Filippis noncore Sleep Therapy, Respi-ratory and DME service lines. The transaction represents a significant step in the Com-pany’s ultimate goal of refocusing on its core Prosthetics, Orthotics, Mobility and Acces-sibility businesses.

Silver Peak Partners Private Equity FirmUnITED STATES


MedSource Incorporated Sales and distribution of durable medical equipmentUnITED STATES


Advised MedSource Inc, a distributor and seller of durable medical equipment, to Silver Peak Partners, a Private Equity Firm.

EMKA TECH-NOLOGIES Instruments for medical researchFrAnCE


SCIREQ respiratory research equipmentsCAnADA


Advised EMKA Technologies in the ac-quisition of 100% of the share capital of SCIREQ Scientific Respiratory Equipement Inc., a Canadian designer and manufacturer of pre-clinical equipment for respiratory research.

Fort Mobile high net worth individual looking for new platformUnITED STATES


Quality Mobile X-Ray Mobile x-ray service provider to nursing homesUnITED STATES


Advised Fort Mobile on its acquisition of Quality Mobile X-Ray Services, an x-ray services pro-vider.

BIOVENDOR - Laboratorni Medicina a.s. Supplier of in-vitro diagnostics productsCzECh rEPUBlIC

Acquired Part of the Seller’s Business

Merebit s.r.o. r&D of laboratory equipmentCzECh rEPUBlIC

Advised on Sale of Part of the Business

Advised Merebit, a R&D of labora-tory equipment company, on its sale to BioVendor, a supplier of in-vitro diagnostics products.

34 / HealtHCare


LDC backed management team Uk-based Private Equity houseUnITED kInGDoM

Acquired 100%

Prism UK Medical Ltd Moving and handling equipment manufacturerUnITED kInGDoM

Raised Debt Funding

Advised Toronto-based Prism Medical Ltd on the sale of its UK subsidiary, through a management buyout backed by LDC.

LifeLabs Inc Medicallaboratory testing servicesCAnADA

Acquired

BC Biomedical Laboratories Ltd Medicallaboratory testing servicesCAnADA


Advised BC Bio-medical on its sale to LifeLabs. Both companies provide patient diagnostic and lab testing services, as well as home care and long-term care visits. The two companies are merging to better serve BC patients and their health providers.

LDC backed management team Uk-based Private Equity houseUnITED kInGDoM


Prism UK Medical Ltd Moving and handling equipment manufacturerUnITED kInGDoM


Assisted Prism Medical on its strategic objec-tive to exit the UK via the sale of its UK subsidiary through an MBO backed by LDC. IMAP also advised the acquirer on debt financing for the trans-action, after running a competitive process with funders.

35

Mediplast AB Distribution of disposable medical productsSwEDEn


ErgoNordic AB Distribution of disposable medical productsSwEDEn


Advised ErgoNordic, a distributor of products within ostomy care, surgery and wound care, in their sale to Mediplast, a Nordic leader within dispos-ables for the medical sector, with subsid-iaries in all Nordic countries.

BENU Ceska Republika a.s. Pharmacy chain, part of PhoEnIx Intl.CzECh rEPUBlIC


VEROPHARM a.s. Pharmacy chainCzECh rEPUBlIC


Advised VEROPHARM, a pharmacy chain based in Czech Republic, on the sale of 100% of its shared to BENU Ceska Republika, a nother pharmacy chain part of PHOENIX Int.

Elements Behavioral Health Provides behavioral health care programsUnITED STATES


Park Bench Group A drug & alcohol treatment centerUnITED STATES


Advised Park Bench Group, a progressive addiction treatment center specializing in therapies for drug and alcohol abuse, on its acquisition by Elements Behavioral Health. Elements is a family of behavioral health care programs that offers comprehensive, in-novative treatment for substance abuse, sexu-al addiction, trauma, eating disorders and other mental health disorders.

FIZAN BIS 2 PzU SA Investment FundPolAnD


ELVITA Jaworzno III Sp. z o.o. healthcare and diagnostics, occupational medicinePolAnD


Advised TAURON, # 2 in Polish power generat-ing sector, in the sale of 7 clinics operated by health care firm Elvita Jaworzno III. The transaction was envisa ged as an element on TAURON’s disposal of its non-core assets. The company was acquired by TFI PZU, a fund managed by Poland’s largest insurer PZU S.A.

OTHER HEALTHcARE PATIENT SERvIcES (HMOS, HOSPITALS, SR. fAcILITIES)

Advised Aamco Medical, a Lehi-based provider of medical equipment, on its ac-quisition by Silver Peak Partners. The deal is in line with Silver Peak’s investment strategies for small companies.

Silver Peak Partners Private Equity FirmUnITED STATES

Purchased 100% of Business Operations

Aamco Medical Sales and distribution of durable medical equipmentUnITED STATES


Allied Irish Bank Banking institutionUnITED kInGDoM

Provided Term Loan Facility

Vanguard Healthcare Group Ltd Provider of mobile surgical facilitiesUnITED kInGDoM

Represented the Borrower

Vanguard Healthcare Solutions has raised £16.5 million in a debt refinancing deal with high street bank AIB, in a transaction advised by IMAP.

Fiba Saglik Yatirimlari A.S. Fiba Group Company engaged in operating hospitalsTUrkEy


Florence Nightingale Hastaneleri Holding A.S. one of the most pretigious health groups in TurkeyTUrkEy


Advised Florence Nightingale Hastaneleri Holding, Turkey based health group, in its 50% stake sale to Fiba Saglik Yatirimlari, a Fiba Group Company.

36 / HealtHCare

PATIENT SERvIcES (HMOS, HOSPITALS, SR. fAcILITIES)

industrials


1 PwC 2 KPMG

3 IMAP 4 Ernst & Young LLP 5 Deloitte 5* BDO 7 Lincoln International 8 Mizuho Financial Group 9 Rothschild 10 M&A International

Cambian Group plc Provider of specialist behavioural health servicesUnITED kInGDoM


Ansel Ltd Specialist personality disorder servicesUnITED kInGDoM


Advised The Ansel Group (Ansel), a specialist in personal-ity disorder services, on its sale to London Stock Exchange-listed Cambian Group.

AEROSPAcE ANd dEfENSE

Intro Aviation GmbH Specialists in airline restructuringGErMAny


CityJet regional business airlineIrElAnD


Advised Air France on the sale of its Irish sub-sidiary CityJet to INTRO Aviation GmbH, a subsidiary of the INTRO Group. Intro Aviation focuses on restructur-ing airlines and CityJet is its eleventh such investment.

Komercni banka a.s. leading merchant bank in the Czech republicCzECh rEPUBlIC

Provided Entire Refinancing of the Project

TESLA Jihlava a.s. leading mechatronic composite parts providerCzECh rEPUBlIC

Advised on Restruc-turing of Debt and Debt Refinancing

Advised on restructur-ing of debt and debt refinancing.

Webasto SE Cooling & heating systems for car, truck & offroadGErMAny


Hebei Nanfeng Automobile Equipment Group Co., Ltd. heating devices for buses and trucksChInA


Advised Webasto Thermo & Comfort SE on the acquisition of 70% of the shares of Heibei Southwind Automobile Equipment (Group) Co., Ltd.; Hei-bei, China. Through this acquisition, Webasto has taken a solid step in the fast-growing Chinese market and consolidated its market leader position.

AuTOMObILES ANd cOMPONENTS

37

Mercedes AMG GmbH Mercedes-Benz automobilesGErMAny


MV Agusta Motor SpA Production of exclusive and sport motorbikesITAly


Advised MV Agusta Motor, leader in the manufacturing and distribution of exclusive and sport motorbikes, in opening its share capital to Mercedes-Benz, German automo-tive leader.

Regimen Equity Partners Private Equity investorCAnADA

Acquired 60% of the Business

CRS Cranesystems Inc overhead bridge crane serviceCAnADA


Advised CRS Cranesys-tems on its sale to the Private Equity investor Regimen Equity Partners.

Per Vannesjo Industri AB Industrial conglomerateSwEDEn


Ess Kå Metallindustri AB Producer of hydraulic pressed componentsSwEDEn


Advised Ess Kå Metallindustri AB, a leading Swedish supplier of hydraulic pressed and eccentric pressed components to the heavy vechicle industry.This transaction will generate both Ess Kå Metallindustri and Ekenäs Mekani-ska a well-balanced customer and product portfolio, as well as improved cross-selling potential.

TEGR, a.s. SPVCzECh rEPUBlIC


Telcska Strojirenska, a.s. high precision automotive engines parts producerCzECh rEPUBlIC

Advised on Sale of 65% Shares

Advised on sale of 65% shares of Telcska Strojirenska to TEGR.

38 / industrials

AuTOMObILES ANd cOMPONENTS

TA Holding GmbH, Obermark Value Private Equity companyGErMAny


THUN Automotive GmbH Automobile supplierGErMAny


Advised an investment fund on the acquisition of 100% of the shares of THUN Automotive GmbH, Gevelsberg.

Merlinum AB Private industrial investment companySwEDEn


Swepart Transmission AB Manufacturer of gearboxes and gearwheelsSwEDEn


Advised Hexagon on its divestment of SwePart. Taken private by Hexa-gon in 1999, SwePart, with EBP, comprised Hexagon’s “Other Operations” division. EBP was sold in 2013; this deal is in alignment with Hexagon’s strat-egy to focus on its core business.

Western Power Sports Distributor of power sports equipmentUnITED STATES


Marshall Distributing Distributor of winter sporting goodsUnITED STATES


Advised Marshall Dis-tributing on its sale to Western Power Sports, a catalog-based whole-saler of a wide range of aftermarket parts and accessories, as well as sports apparel, for the powersports market.The transaction ex-ceeded initial expecta-tions and provided not only complete recovery to the lenders, but also equity return to the shareholders.

39

SIG plc Distributor insulation and ventilation productsUnITED kInGDoM


Multijoint Distributor of insulation and ventilation productsSwITzErlAnD


Advised Multijoint, a distributor of insulation and ventilation prod-ucts, on its sale to SIG.

buILdINg/cONSTRucTION ANd ENgINEERINg

Inter IKEA Investments AB Investment groupSwEDEn


Ryds Bilglas AB leading vehicle glass repair and replacement groupSwEDEn


Advised Ryds Bilglas on its sale of a 40% stake to Inter IKEA investments. The deal provides Ryds with an opportunity to build a stronger platform. Dur-ing the deal process, Ryds Bilglas acquired Sweden’s third largest glass player, Samglas.

Grupo Gerencial Private investorsArGEnTInA

Acquired 70% Shares

Mecanismos International SA Argentine market of oEMArGEnTInA


Advised Mecanismos International SA, a Buenos Aires-based manufacturer of motor vehicle parts, on the divestment of a 70% interest in the company to an undisclosed ac-quirer.

Yellow Dot, Inc. Private EquityUnITED STATES

Acquired 100% of Business Assets

Yellow Dot, LLC hVAC Installer & ServicerUnITED STATES


Advised Yellow Dot Heating and Air Conditioning in its sale to a family office. Yellow Dot Heating and Air Conditioning is a leading provider of HVAC installation and services to the residential and com-mercial markets in North Carolina.

Management team holding company of the managersFrAnCE


BASTIDE BONDOUX Thermic engineering services companyFrAnCE


Advised EDF in the sale of Bastide Bondoux to the management team. Bastide Bondoux is a thermic engineering firm located in the Rhône-Alpes region and specialized in residential home.

Arco Limited Distributor of PPEUnITED kInGDoM


Total Access (UK) Limited Provider of equipment and trainingUnITED kInGDoM


Advised height safety services provider Total Access (UK) Ltd on its sale to Arco Ltd, a lead-ing supplier of safety equipment, training & consultancy.

SSG Sahala Oy Industrial maintenance and service providerFInlAnD


Myllykosken Asennuspalve-lu Oy Industrial maintenance and service providerFInlAnD


Advised Myllykosken Asennuspalvelu, an industrial maintenance and service provider, on its sale to SSG Sa-hala.


40 / industrials

Ahlsell Industrial groupSwEDEn


Almen Special Fastener Swedish fastening material companySwEDEn


Advised the owners of Almen Fastener, a company special-ized in customized fastening products, in their sale to the industrial group Ahsell, the leading technical trading company in the Nordic countries within installation products, tools and machinery, with operations also in the Baltic States and Russia.

Amsycom real Estate servicesFrAnCE


Cardete & Huet Architectural companyFrAnCE


Advised the founders Francis Cardete and Gérard Huet in the sale of their architectural company to the group Amsycom. This opera-tion allows the group to largely enhance its architectural division and become a global group in its field, able to compete with the big players within the industry.

Polaris Private Equity Private Equity fundDEnMArk


Louis Poulsen Lighting Production of design lighting fixturesDEnMArk


Advised Targetti, an Italian leader in the architectural lighting sector, in the disposal of a 100% stake in Louis Poulsen, a Danish op-erator in the design lighting sector, to the Private Equity Fund Polaris.

41

M.T. SARL holding company of the buyer (private individual)FrAnCE


SOCRA restoration of historic monuments and works of artFrAnCE

Advised on Sale of a Subsidiary

Advised Vinci Construc tion in the sale of SN Socra to the managing director, associated with a regional entrepreneur. SN Socra is now ready to start to grow outside of France under the leadership of its new manage-ment team.

Axtone sp. z o.o. Prailcar components’ manufacturerPolAnD

Acquired 100 % of Business Operations

HSW Zaklad Sprezynownia sp z o.o. - HSW ZS Manufacterer of rolled coil springs for rail vehiclesPolAnD


Advised Axtone in the acquisition of HSW Sprezynownia sp. Z o.o., the sole producer of hot formed coil springs in Poland. The transaction was fo-cused on strengthening Axtone position in rail springs and followed the acquisition of Ger-man L&S in 2012.

L’Albaron Maintenance and electrical worksFrAnCE


Holley Duran Plumbering worksFrAnCE


Advised L’Albaron for the acquisition of a majority stake in Holley Duran. The family group, Albaron is spe-cialized in maintenance and small construction works. The acquisition of the company Holley Duran in Vincennes allows the group to create a plumbing and heating branch in Paris region.

Management + PEG Management + PEGFrAnCE


Groupe Wings Electrical worksFrAnCE


Advised the restructur-ing of the Group Wings: Stéphane Lericq (Managing Director for 4 years), the managers and BNP DEV (PEG) became majority share-holders of the Group. The Group Wings is one of the main actors in the electrical instal-lations sector in the Paris region.

Panostaja Oyj listed Private Equity FirmFInlAnD


KotiSun Oy Standardized hV projects for domestic propertiesFInlAnD

Advised the Sellers

Advised KotiSun Oy, a water and heating network renovation services provider, on its sale to Panostaja Oyj. The deal enables Panostaja to expand its business operations to a new business area specializing in building technology renovation for houses.

Management team backed by minority shareholder of entity Construction - excavations and civil engineeringPolAnD

Management Buy Out

Gollwitzer Polska sp. z o.o. Construction - excavations and civil engineeringPolAnD

Advised on Sale of 75% Stake in Subsidiary

Advised the civil engineering company Harald Gollwitzer GmbH on the sale of its 75% stake in Gollwitzer Polska Sp. z o.o. As part of a MBO, the family of the polish managing director Jan Michna, together with the technical manager, increase their 25% stake to 100%. Both Gollwitzer companies will continue their existing successful co-operation in Germany and Poland.

Altrad Stellingbouw Balliauw Active in scaffolding & industrial insulationBElGIUM


Profix Group Active in scaffolding & industrial insulationBElGIUM


Advised Profix Group, a company active in scaffolding and industrial insulation, on its sale to Altrad Stel-lingbouw Balliauw.


42 / industrials

Masonite International Corporation Global designer and manufacturer of doorsUnITED STATES


Door-Stop International Ltd Manufacturer of composite exterior doorsetsUnITED kInGDoM


Advised the share-holders of Door-Stop International on the cross-border sale to Canadian trade buyer Masonite International. The transaction allows Masonite to strengthen its global manufac-turing network and provides a gateway into the UK composite entrance door market.

Via Venture Partners Private Equity FirmDEnMArk

Acquired Majority

VB Enterprise A/S hV installation & service - offshore windDEnMArk


Advised VB Enterprise, the global market leader in installation and O&M services for high-voltage compo-nents to the offshore wind turbine industry, on its sale to Via Ven-ture Partners, a Danish PE Group focusing on companies within the Scandinavian SME-segment.

Regimen Capital Partners Private Equity Firm targeting industrial businessCAnADA

Acquired a 50% Interest

TVE Industrial Services Ltd. Industrial services and maintenance providerCAnADA


Represented TVE In-dustrial Services on the sale of a 50% interest to Regimen Capital Part-ners, a Private Equity Firm targeting industrial businesses.

43

Sec Partners & Ciclad Private Equity GroupSwITzErlAnD


F Bernasconi & Cie SA A leading construction & civil engineering groupSwITzErlAnD


Advised Bernasconi on the reorganization of its shareholding with the Geneva-based Private Equity Firm SEC Partners and the French Private Equity Fund Ciclad. The invest-ment is in line with Bernasconi’s growth strategy within the Suisse romande region.

MiTek Industries Supplier of structural connector systemsUnITED STATES


Benson Industries llc Provider of custom curtainwall and claddingUnITED STATES


Advised on the sale of Benson Ind. to MiTek Ind., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. Benson is the global leader of custom unitized curtain wall systems for high-end commercial buildings worldwide.

Prosperus FGS Private Equity FundCroATIA

Acquired 26,5% Minority Share - Increase in Capital

Vodoskok d.d. & Heplast - pipe d.o.o. leading whole-saler&producer of pipes and fittingsCroATIA


Advised Vodoskok on its sale of a minority stake to Private Equity company Prosperus- Invest. Funds will be used for further devel-opment and invest-ments in upgrading the production facilities in Vodoskok’s subsidiary.

MAcHINERY

Management of the UK municipal division of Ovivo Inc wastewater treatment equipment and servicesUnITED kInGDoM

Acquired Selected Assets

Ovivo Inc Global provider of solutions for water treatmentCAnADA


Advised on the management buyout of the Midlands-based municipal arm of Canadian-listed group Ovivo (TSX: OVI).

Dr. Dieter Mur-mann Beteili-gungsgesell-schaft mbH German Family officeGErMAny


Profilator Group Specialized machine tool manufacturerGErMAny


Advised the Profilator-Group on selling their shares to Dr. Dieter Murmann Beteili-gungsgesellschaft mbH, including all locations in Germany and the USA from the founding shareholding company Wera Werk Hermann Werner GmbH & Co.KG.

Atlantic Capital Private EquitynEThErlAnDS


Viba N.V. Technical trading company in mounting solutionsnEThErlAnDS


Advised management of Viba, a wholesaler of industrial fixing sys-tems and automotive parts, in the process of de-listing the company and the sale to Atlantic Capital, a Dutch Private Equity Firm.

Wagner Holding GmbH Family office of an entrepreneurial familyGErMAny


Mamito GmbH System supplier to support deep frying processesGErMAny

Advised on Acquisi-tion of Portfolio Company

Advised Wagner Holding GmbH on the acquisition of a 30% stake in Mamito GmbH, thereby expanding its portfolio of innovative SMEs in the sustain-able food sector.

Sarea Group Private Equity fundCAnADA


Redecam Equipment to complex flue gas treatment systemITAly

other - Distressed M&A

Advised Redecam, Ita lian leading Group in the design, manufactu-ring and installation of solutions ranging from simple filtration equip-ment to complex flue gas treatment systems, on the disposal to Sarea Group, a Canadian Private Equity fund, by executing a complex financial restructuring agreement with a pool of financial institutions.

TES Industries Holding B.V. holding companynEThErlAnDS


Holding TES Industrial Systems B.V. Development and production of crane drive conceptsnEThErlAnDS


Advised TES Industries Holding B.V. with the 100% acquisition of Holding TES Industrial Systems. TES Industrial is active in the develop-ment and production of drive concepts for cranes in container, bulk handling, heavy lift, steel and aluminum industries, conveyors, winches across the world.

44 / industrials

MAcHINERY

Machine Solutions Equipment manufacturer for healthcare industryUnITED STATES


Steeger USA Braiding machinery manufacturer for healthcare industryUnITED STATES


Advised Steeger USA in its sale to Forsyth Capital, a financial buyer. Steeger USA is a leading manufacturer of braiding manufac-turing equipment for the medical device industry.

Private Investor Private investorBElGIUM


Firma Léon Callot European distributor of needles and spare partsBElGIUM


Advised on the sale of Firma Leon Callot, and european distributor of needles and spare parts, to a private investor.

Lakics Kft. Production of welded steel-constructionshUnGAry


Rutin Kft. Manufacturing and erection of steel structureshUnGAry


Advised Rutin, a company specialised in manufacturing and erecting steel struc-tures, on its sale to Lakics, a production of welded steel construc-tions company.

45

Neptune Marine Maritime service providernEThErlAnDS


Stagro Hydraulics B.V. hydraulicsnEThErlAnDS


Advised Stagro Hydraulics, active in hydraulic systems, components and ser-vices for the dredging industry in their sale to Neptune Shipyards. Neptune Shipyards is a maritime service provider, specialized in workboats for the offshore and dredging markets.

Logopak Systeme GmbH & Co. KG Manufacturer of labeling systemsGErMAny


LSS Etikettering A/S Manufacturer of labeling systemsDEnMArk


Advised LSS Etiketter-ing, the leading manu-facturer of customized labeling systems in Scandinavia, on its sale to Logopak Systeme, a top European manu-facturer of logistical integrated labeling systems. The acquisi-tion provides numerous synergies to both companies without loss of independence.

Stone Pointe, LLC Private Equity GroupUnITED STATES

Provided Recapitalization Options

Vapor Power International LLC Manufacturer boilers & generators for industrial useUnITED STATES


Advised Vapor Power International, LLC on its recapitalization by Stone Pointe, LLC and management. Vapor Power manufactures boilers, steam genera-tors, thermal fluid heat-ers and electric boilers for use in industrial, commercial, marine and military boiler applications around the globe.

46 / IndustrIals

Machinery

Groupe JBT Production of plastic componentsFrance


Kaona Injection moulding of plastic partsHungary


Advised Groupe JBT, a company specialised in the production of plastic components, on its acquisition of Kaona, an injection moulding of plastic parts company.

Corning Incorporated Provides end-end fiber & coper product solutionsunIted StateS


TR Manufacturing Manufactures fiber optic & copper cableunIted StateS


Advised TR Manu-facturing, a leading provider of fiber-optic and copper cable, com-ponent interconnects and electro-mechani-cal assemblies, on its acquisition by Corning, a global provider of connectivity solu-tions for every part of the communications network.

Other industrials

RENA GmbH equipment and chemical process technologygerMany

Capital Injection

Stulz H+E Holding GmbH technology water purification & renewable energygerMany


Advised RENA, a leading supplier of production systems for the wet chemical pro-cessing of substrates for the photovoltaics and semiconductor industries, on a capital injection to Stulz H+E. The transaction will foster further growth of the SH+E Group.

Guangxi Liugong Machinery Leading chinese construction equipment manufacturecHIna


Division I HSW S.A. Producer of construction equipmentPoLand

Advised on Sale of a Division of the Company

Advised Huta Stalowa on its sale of a divi-sion to China-based LiuGong Machinery. The deal is expected to strengthen LiuGong’s market position. LiuGong Machinery has a publicly-stated goal of becoming one of the world’s top 10 construction equipment manufacturers by 2015.

American Crane Group newly formed parent company of ae & 4ocgunIted StateS


4OCG overhead crane service companyunIted StateS

Advised on Merger with American Equipment

Advised 4OCG, an overhead crane service company, on its merger with American Equipment. A parent company, American Crane Group, was also formed in the process.

47

NES Investments II BV Private equity FirmnetHerLandS


Adesso Valve BV Production and sales of subsea valvesnetHerLandS


Advised Nostro Futuro BV on their sale of a majority of the shares of Adesso Valve BV, a valve manufacturer specialised in subsea valves for the offshore, to NES II BV, a Dutch Private Equity Firm.

Conair Corporation Household & personal productsunIted StateS


Corporacion Milenium distribution of household & personal productsMexIco


Advised Corporacion Milenium, a private family-owned Mexican company, on the sale of 100% of its shares to Conair Corporation, one of the 200 largest privately-owned companies in the US. Corporacion Milenium is a leading distribu-tor of household & personal care products in México.

NIBE Industrier AB (PUBL) an international heating technology companySweden

Offer to Acquire 100% of the of the Outstanding Shares of WaterFurnace Renewable Energy, Inc.

WaterFurnace Renewable Energy, Inc. geothermal and water source heat pumpsunIted StateS

Financial Advisor to the Independent Committee of Water-Furnace Renewable Energy, Inc.

Acted as financial advi-sor to the Special Com-mittee of the board of directors of WaterFur-nance, and provided a fairness opinion to the Special Committee sup-porting the proposed transaction.

Xingyu Automotive Lighting Systems Co. Ltd. Manufacturer of automotive luminairescHIna


Neue I&T GmbH Manufacturer of extruded flat flexible cablesauStrIa


Advised Neue I&T GmbH on its sale of 70% of its shares to Xingyu Automotive Lighting Systems Co. Ltd. With the acquisi-tion of the Neue I&T GmbH in Austria and its patented produc-tion of extruded flat flexible cables, Xingyu can extend its product range to other indus-tries as well as launch a new generation of luminaires for the automotive industry through a smaller and lighter design.

Lagercrantz Group AB Industrial conglomerateSweden


Load Indicator AB Manufacturing of load cells and torque sensorsSweden


Advised Load Indicator, a niche company active within designing and manufacturing of load cells, force sensors and torque sensors, in their sale to Lagercrantz Group.

Carmanah Technologies Corp Solar technologyCAnADA


SOL Inc Solar technologyUnITED STATES

other

Provided fairness opinion.

OTHER INduSTRIALS

48 / industrials

LDC Private EquityUnITED kInGDoM


Angus Fire Ltd Manufacturer of fire fighting products/technologyUnITED kInGDoM


Supported the £62 million MBO of Angus Fire from NYSE-listed United Technology Corporation. PE firm LDC took a major equity stake in the newly-created entity as part of the deal; will capitalize on growing global demand for its products within the oil & gas sector.

Worthington Cylinders Corp Diversified metals manufacturerUnITED STATES


Westerman Cos Manufacturer of oil and gas productin unitsUnITED STATES


Advised Westerman Companies, the only North American ma-nufacturer of enriched UF6 storage/transpor-tation cylinders for the nuclear industry, on its sale to Worthington Cylinders Corp, a unit of Worthington Industries Inc.

Danube SCA Sicar Private Equity FirmlUxEMBoUrG


Ramirent Oyj Equipment rental companyhUnGAry


Advised Danube on the acquisition of the operations of Ramirent, a provider of machi-nery rental services, in a leveraged buyout transaction. This falls in with Danube’s strategy to enter new markets.

ILAN German Family officeGErMAny


LemTec Innova GmbH & Co. KG Manufacturer of lighting equipment& electric lambsGErMAny

Advised on Pur-chase of Majority Participation

Advised ILAN, a Ger-man Family Office on the acquisition of 51% of the business opera-tions of LemTec Innova GmbH & Co. KG. With this strategic transac-tion, ILAN was able to expand their invest-ment portfolio in the field of light systems.

49

Bank of America BankUnITED STATES

Provided Revolving Credit Facility

American Micro Products Precision machining company serving the transportUnITED STATES

Advised on the Placement of Debt

Advised on the refi-nancing of American Micro Products, Inc.

DEKRA CZ a.s. Global automotive & industrial expert organisationCzECh rEPUBlIC

Asset Deal

TMW, a.s. Selected assets - technical inspection centerCzECh rEPUBlIC


Advised Dekra, a global automotive and indus-trial expert organisa-tion, on the acquisition of TMW’s selected assets.

TRANSPORTATION ANd INfRASTRucTuRE

FB Capital Private Equity FirmUnITED kInGDoM


Parcel Monkey Ltd online aggregator of freight servicesUnITED kInGDoM

Advised on the Placement of Equity

Acted for Parcel Monkey in a £1 million investment from Private Equity Firm, Frost Brooks. The Parcel Monkey Group, is a group of eCommerce service companies consisting of three brands- Parcel Mon-key, Cloud Fulfilment and KONG.

MALHERBE Fast growing transportation group, PEG ownedFrAnCE

Acquired Majority Control of Business Operation

ADVANCE CODIMAS General logistics and freight forwarding groupFrAnCE


Advised the sale of CODIMAS to MALHERBE GROUP. CODIMAS is a special-ist of high end logistics with a revenue of €

15 million and a total headcount of 100 em-ployees. MALHERBE is the third French goods transportation in lots and bulking.

CataCap Management ApS Danish PEG focused on the SME marketDEnMArk


Handicap-Befordring & Colum-bus Provider of special care transport servicesDEnMArk


Advised on the merger of Handicap-Befordring and Colum-bus, the clear market leader within special care transport services in Denmark, on its sale to CataCap, a Danish Private Equity group with a focus on compa-nies with high growth potential within the Danish SME-segment.

cHEMIcALS

materials


1 KPMG 2 PwC 3 Ernst & Young LLP 4 BDO

5 IMAP 6 Deloitte 7 Morgan Stanley 8 Barclays 9 Mizuho Financial Group 10 Rothschild

Blackford Capital LLC / Amtech, LLC Midwest based Private Equity FirmUnITED STATES


McClarin Plastics, Inc. Designer & manufacturer of thermoformed plasticUnITED STATES


Advised McClarin Plastics, a designer and manufacturer of thermoformed plastic, on its sale to Blackford Capital LLC / Amtech.

Siparex, BPI France and Management PEGFrAnCE


Duralex Peintures Paints manufacturing for professionalsFrAnCE


Advised Initiative & Finance in the sale of Duralex Peintures to Siparex Proximite Inno-vation and BPI France, allowing the actual manager to increase its stake in the company.

Vertellus Specialties Chemicals manufacturerUnITED STATES


Pentagon Chemicals Chemicals manufacturerUnITED kInGDoM


Pentagon Chemicals Holdings, the UK chemical manufacturer, has been acquired by US group Vertellus in a deal advised by IMAP.

51

Indorama Corporation Pte. Ltd. Manufacturer of industrial productsSInGAPorE


Industries Chimiques du Sénégal (ICS) Phosporic acid producerSEnEGAl


Archean Group (Arche-an) divested its fertilizer business in Senegal viz. Industries Chimiques du Sénégal (ICS) to Indorama Corporation (Indorama). The deal marks a successful exit for Archean which had entered ICS in 2008 through a JV with IFFCO and the Govern-ment of Senegal.

Lotorp Industrial groupSwEDEn


Candor Sweden Chemical and metal supplierSwEDEn


Advised the owners of Candor in the sale pro-cess to Bolagsgruppen Lotorp, an industrial group that acquires and develops medium sized businesses with a long term view on the investments.

Mann + Hummel Group Filtration solutionsGErMAny


Microdyn Nadir GmbH Production of membranesGErMAny


Advised Microdyn Nadir GmbH on the sale of 50 % of their shares to Mann + Hummel. In the sector water filtra-tion with its patented products, Microdyn Nadir offers an optimal addition to the already existing product port-folio of Mann+Hummel (M+H). With Microdyn Nadir, Mann+Hummel can especially expand its business in Europe and USA.

ICM Products Specialty silicone manufacturerUnITED STATES


Amber Group Specialty silicone manufacturerUnITED kInGDoM


Advised Caledonia Investments on the sale of Amber Chemical to strategic US purchaser ICM Products. This deal represents the ongoing consolidation in specialty chemi-cals, as multi-national chemicals groups look to grow and diversify.

Lubar & Co. Family officeUnITED STATES


ChemDesign Products, Inc. Provides chemical toll processingUnITED STATES


Advised ChemDe-sign Products Inc., a provider of custom toll manufacturing services to the global chemical industry, on its sale to Lubar & Co. in a secondary buyout transaction.

52 / materials

Pohjanmaan Rakennuspelti Oy Sheet metal and glass worksFInlAnD


Scan-Mikael Oy Manufactures and designs glass wall systemsFInlAnD


Advised Scan-Mikael, a manufacturer and designer of glass wall systems, on the sale of a 100% of its shares to Scanmikael, a sheet metal and glass works company.

Management Management teamBElGIUM


RG Tegelfabriek Rousseau A leading player of ceramic tiles in BelgiumBElGIUM


Advised RG Tegelfab-riek Rousseau on the sale of their business operations to its man-ager’s daughter.

Altra Industrial Motion Corp. (Nasdaq: AIMC) Manufacturer of power transmission/motion control productsUnITED STATES


Guardian Industries, Inc. Manufacturer of industrial couplingsUnITED STATES


Advised Guardian Industries on its sale to Altra Industrial Motion Corp. in a negotiated transaction. The buyer viewed Guardian as a strategic fit with its current portfolio and an opportunity to increase its presence in the country.

Inwido AB Europe’s largest manufacturer of windows and doorsSwEDEn


JNA Vinduer & Døre A/S and Säästke OÜ Manufacturing and sale of windowsDEnMArk


Advised JNA Vinduer & Døre og Spar Vinduer, two leading windows & doors marketers in Denmark, on the sale to Inwido, Europe’s leading window & door solutions provider (20 brands/ 3,100 employ-ees in 8 countries). The deal increases Inwido’s presence in the grow-ing windows & doors online market.

cONSTRucTION MATERIALS

Chettinad Cement Corporation Limited Amongst top 10 cement manufacturers in IndiaInDIA

Acquired

Anjani Portland Cement Ltd. Established cement manufacturerInDIA

Advised Buyer on Purchase and open offer Process as per Public Market Regu-lations in India

Advised Chettinad Ce-ment on the acquisition of the equity shares held by the promoters of APCL along with debt in the company for an overall Enterprise Value of $ 60 million. The acquisition of APCL triggered an open offer for 26% of equity stake as per SEBI (SAST) Regulations.

cONSTRucTION MATERIALS >cEMENT

53

MyHome Industries-CRH Plc leading cement manufacturer in south India. Joint Venture with Crh PlcInDIA

Acquired 100% Shares

Sree Jayajothi Cements Limited Cement manufacturer in south IndiaInDIA

Advised Buyer on Purchase

Advised MyHome Industries-CRH Plc on acquisition of 100% equity shares of Sree Jayajothi Cements along with debt in the company for an overall Enterprise Value of $ 230 million.

Gilde Equity Management Benelux Private EquitynEThErlAnDS


pack2pack Halsteren B.V. Industrial tinplate packagingnEThErlAnDS


Advised Greif interna-tional B.V. on the carve out of their European tinplate packaging subsidiary pack2pack Halsteren B.V. to Dutch Private Equity group Gilde and management.

Bunzl Plc Multinational distribution and outsourcing companyUnITED kInGDoM


OSKAR PLAST, s.r.o. Distributor of disposable packaging productsCzECh rEPUBlIC


Advised Oskar Plast, a specialized supplier of packaging materials on its sale to Bunzl. The owner has monetized its own business and is now managing the entire Bunzl operation in the Czech Republic.

cONTAINERS ANd PAckAgINg

RPC GROUP PLC leading supplier of rigid plastic packagingUnITED kInGDoM


Helioplast doo leading producer of rigid plastic packaging in SEEBoSnIA AnD hErzEGoVInA


Advised Helioplast doo, manufacturer and wholesaler of plastic containers, in its sale of a majority interest to UK-based RPC Group PLC. The acquisition offers RPC market entry to Bosnia and Herze-govina, strengthening its sales and manufac-turing position in south east Europe.

Minemakers Limited Exploration, evaluation & development of mineral depositsAUSTrAlIA

Acquired 100% of a Near-term Rock Phosphate Project

Project Baobab Eocene-era phosphate rock deposit (1,553km2 conc.)SEnEGAl

Advised on Sale of Assets

Advised on the disposal of a rock phosphate project in Senegal.

METALS ANd MININg

54 / materials

METALS ANd MININg

Gjuteriteknik LM Abrahamsson AB zink foundry business with surface treatmentSwEDEn


KH Metallgjuteri AB one of the leading zink foundries in the nordicsSwEDEn


Advised KH Metall-gjuteri in their sale to Gjuteriteknik LM Abrahamsson AB. KH is engaged in manu-facturing and finishing of die casted parts in zinc to the electronics, hydraulics, furniture and heavy vehicle industries.

Scorpio Mining Corp. Silver producer in MexicoCAnADA


U.S. Silver & Gold Inc. Silver producer in U.SCAnADA

Advised the Buyer

Advised the special committee of Scorpio Mining Corp as its exclusive advisor in the business combination with U.S. Silver & Gold to complete a merger of equals creating a junior silver producer with production fa-cilities in the USA and Mexico. The pro-forma market capitalization was valued at $67 million.

Klesch Group (through Aldel Holding BV) Production-trading of chemicals, metals and oilSwITzErlAnD


Leali SpA / Acciaieria Valsugana SpA leading player in the Italian steel sectorITAly

Distressed M&A

Advised Leali Group (Leali and Acciaieria Valsugana) in the dis-posal of the Odolo and Borgo Valsugana steel plants and the partici-pation in a subsidiary to Klesch Group, a global industrial commodities business, with three divisions specialising in the production and trading of chemicals, metals and oil.

Fomas Spa through the subsidiary Fomas Inc. Production of forgings and seamless rolled ringsITAly


Ajax Rolled Ring & Machine Production of forgings and seamless rolled ringsUnITED STATES


Advised Fomas, lead-ing manufacturer of forgings and seamless rolled rings, in the acquisition of 100% of Ajax Rolled Rings & Machine LLC, another player of the same sector based in South Carolina, US.

Portuguese Investment Bank Investment bankPorTUGAl


I’M Mining, Sgps, S.A. Mining of copper and zincPorTUGAl


Was invited to advise on the sale of a minority stake (9%) in the I’M Mining. I’M Mining is a cooper and zinc mine located in the southern part of Portugal.

55

Management of Eurogalva Management of EurogalvaPorTUGAl


Eurogalva - Galvanização E Metalomeca-nica, S.A. hot dip galvanizationPorTUGAl


Advised the manage-ment team of Eurogalva on the acquisition of 100% of the company and also on raising debt to execute the transaction. Eurogalva is a Portuguese compa-ny, located in the north, who specialises in hot dip galvanizing.

Private Buyer Private investorBElGIUM


DB Metalin nv Metal workingBElGIUM


Advised DB Metalin on the sale of its business operations to a private buyer.

Albertini Cesare SpA Engaged in the aluminium die-castingITAly


Form SpA in A.S. Aluminum component supplier for the automotive industryITAly

Extraordinary Administration

Advised Form SpA in A.S. on the sale of cer-tain selected assets to Albertini Cesare SpA, a company engaged in the aluminium die-casting market.

XANO listed industrial groupSwEDEn


Åges Industrier Manufacture of die-casted aluminium componentsSwEDEn


Advised ÅGES on its sale to Xano. ÅGES has manufactured and sold die cast aluminum components since the mid-1950s.

Koppers Inc railroad utility businessUnITED STATES


Tolko Industries Specialty forest productsCAnADA

Advised on Sale of treating Division

Advised on the sale of Tolko Industries’ treat-ing division to Koppers Inc., a railroad utility business.

PAPER ANd fOREST PROducTS

NON RESIdENTIAL

real estate

Brookfield Canada Office Properties Canada’s preeminent real Estate Investment TrustCAnADA

Acquired

Brookfield Place Calgary East Tower Development 1.4 Million sq. foot office tower developmentCAnADA

Advised Independent Committee of Board on Purchase of Property

Advised the inde-pendent committee of Brookfield Office Properties (BOX) as its financial advisor. BOX’s board of trustees established the inde-pendent committee to assess the transaction and the committee unanimously recom-mended the board of trustees’ approval. The transaction was for the acquisition of the east tower of the Brookfield Place Calgary develop-ment in downtown Calgary.

Vancouver Airport Authority Vancouver international airportCAnADA

Acquired Two Real Estate Portfolios

Huntingdon Capital Corp - YVR Property Portfolio 11 building portfolio adjacent to airportCAnADA


Advised Vancouver Airport Authority on acquiring two Real Estate portfolios.

Brookfield Canada Office Properties Canada’s preeminent real Estate Investment TrustCAnADA

Acquired

Bay Adelaide Centre East Development in Toronto A 44-storey, 980,000-sf office buildingCAnADA


Advised and provided a fairness opinion to the special committee of the Board of Trustees of Brookfield Canada Office Properties, Canada’s preeminent Real Estate investment trust, on its acquisition of Bay Adelaide Centre East development.

57

Infond a.s. Investment fundCzECh rEPUBlIC

Acquired 100% Shares

Office-Sumavska s.r.o. real Estate investmentsCzECh rEPUBlIC


Advised Infond AS, a Real Estate investment fund, on its acquisition of Office Sumavska, owner and operator of a large office complex.

Seldar Egypt real Estate and leisure businessEGyPT

Acquired Selected Assets of Seller Business Operations

Gulf Company for Building & Constructions real EstateEGyPT

Advised on Sale of Shares

Advised GSSG holding Egypt on selling one of its subsidiaries (Gulf for Building and construc-tions) to Seldar Egypt. Both are investment Companies focused on incorporating new companies in addition to raising funds in existing companies, with strong presence in Egypt and the Gulf countries.

Seniority Chile Developer and operator of senior housing projectsChIlE

Signed a Long term Lease Agreement for the Development and Operation of a Senior Housing Project

Inmobiliaria Isla Hope SpA Group of local real Estate investorsChIlE

Advised on the Selection Process of a Qualified Devel-oper and operator for a Senior Housing Project

Advised Inmobiliaria Isla Hope SpA on the selection process for a long term lease of a Real Estate property for the development and financing of a senior residence project. The contract was awarded to Seniority Chile S.A.

REAL ESTATE MANAgEMENT ANd dEvELOPMENT

Daiwa House Industry Co Ltd leading home builder in JapanJAPAn


DAIYOSHI TRUST CO.,Ltd. Parking lot operatorJAPAn


Advised Daiwa House, a leading house builder with $18.5 billion reve-nue, in its acquisition of Daiyoshi Trust, a park-ing lot operator. The transaction creates synergies, strengthens their operations, and will promote flexible management.

RESIdENTIAL

AppArel retAiling

RETAIL


1 PwC 2 KPMG 3 Mizuho Financial Group 4 Sumitomo Mitsui Finl Grp Inc

5 IMAP 6 Rothschild 7 Nomura 8 M&A International 9 Deloitte 10 BDO

Levant Capital Middle East based Private Equity FirmUnitEd ArAb EMirAtEs


Panço turkey based manufacturer of children’s weartUrkEy


Advised Panço, a Turkey based manufac-turer of children’s wear, in its majority stake sale to Levant Capital, a Middle East based Private Equity Firm.

Private investor Private investorbElgiUM


Anglo Parts nv European distributor of oldtimer spare partsbElgiUM


Advised Anglo Parts, the european distribu-tor of oldtimer spare parts, on its sale to a private investor.

Automotive retAiling

Schakel Utrecht B.V. Ford car dealernEthErlAnds


Roeleveld Nieuwegein B.V. Ford car dealernEthErlAnds


Advised Schakel Autogroep BV, a major group of Ford dealers in The Netherland, on the acquisition of the assets of Roeleveld Nieuwegein BV, a Ford dealer in Nieuwegein. This acquisitions helps to roll out the long term strategy of the group.

59

LDC Private Equity houseUnITED kInGDoM


Waterfall Services Limited Supplier of contract catering servicesUnITED kInGDoM


Leading independent contract caterer Waterfall Services has completed its £20 million secondary buyout, backed by LDC, in a deal advised by Clear-water International.

Benev Capital Inc Topline royalty acquisition companyCAnADA

Acquired

Franworks Franchise Corp Multi-location restaurant chainCAnADA

Advised on Acquisi-tion

Advised Benev Capital, a topline royalty acquisition company, on the acquisition of Franworks Franchise.

Petco Holdings, Inc. Specialty retailer of pet suppliesUnITED STATES


Doctors Foster and Smith omni channel pet retailer and pharmacyUnITED STATES


Advised Doctors Foster and Smith, an omni channel pet retailer and pharmacy, on its sale to Petco Holdings.

Dustin AB IT and electronic products resellerSwEDEn

Acquired 100 % of Shares

Businessforum Oy IT hardware, software and service resellerFInlAnD


Advised the owners of Businessforum Oy, one of Finland’s largest IT hardware, software and service resellers, on its sale to Swedish Dustin AB. The deal allows Dustin AB entry into the Finnish market, expanding its Nordic coverage to Sweden, Denmark, Norway and Finland.

cOMPuTERS ANd ELEcTRONIcS RETAILINg

fOOd ANd bEvERAgE RETAILINg OTHER RETAILINg

Nordisk Film A/S Film and TV production servicesDEnMArk


Gavekortet.dk A/S online gift card retail and servicesDEnMArk


Advised the sharehold-ers of Gavekortet.dk in the sale to Nordisk Film. Gavekortet.dk was established in 2003 by Henrik Jung Laursen, Klavs Pedersen and CEO Henrik Ravn, and has since grown to become a leading reseller of gift cards and incentive gift solu-tions across the Nordic region, representing a large number of well-known retail and leisure brands.

60 / retail

Newco Custom online retailer for home decor productsUnITED STATES

MBO - Acquired Majority Control

Online Commerce Group Majority shareholderUnITED STATES


Advised Online Com-merce Group, LLC in a buyout of the majority shareholder by existing management. Online Commerce Group, LLC is a leading provider of customizable home dé-cor products via its pro-prietary e-commerce platform.

Lloyds Pharmacy Group Subsidiary of the listed German entity, Celesio AGIrElAnD


Medicare Pharmacy Group PharmacyIrElAnD


Advised Medicare Pharmacy Group, a chain of retail pharma-cies in Ireland, on the 100% disposal of business operations to Lloyds Pharmacy Group, a subsidiary of listed German entity Celesio AG.

Miko NV Belgian coffee roaster in the out-of-home marketBElGIUM


ABC Mokka ApS A leading Danish provider of vending machines.DEnMArk


Advised Miko NV on its acquisition of a 70% stake in ABC Mokka ApS’ business opera-tions. The acquisition is in line with Miko’s long-term strategy to set up coffee service organizations through subsidiaries in a growing number of countries.

Sportsman’s Warehouse retailer catering to outdoor enthusiastsUnITED STATES

Acquired

Wholesale Sports Multi-channel outdoor sporting goods retailerCAnADA


Advised United Farmers of Alberta Co-operative Ltd., parent company of Wholesale Sports USA, in the sale of the assets of ten Pa-cific Northwest-based stores to Sportsman’s Warehouse. The transaction increases the buyer’s presence and market share in the region.

OTHER RETAILINg

E-cOMMERcE / b2b

Hig

H T

ecH

no

log

ytmt


1 PwC 2 KPMG 3 Deloitte 4 Ernst & Young LLP 5 BDO

6 IMAP 7 Mizuho Financial Group 8 Sumitomo Mitsui Finl Grp Inc 9 Houlihan Lokey 9* Grant Thornton 9* Lazard 12 Morgan Stanley

Penta Teknoloji Ürünleri Distributor of consumer electronic productsTUrkEy


Ekip Elektronik A.S. Distributor of consumer electronicsTUrkEy


Advised Ekip Elektronik and its affiliate, Beyaz Iletisim, a provider of network solutions, on the acquisition by Penta Teknoloji Urun-leri, a Turkey-based distributor of consumer electronics products and Yildiz Holding subsidiary.

Outerwall Inc. Provides automated retail solutions via kiosksUnITED STATES


ecoATM Inc. Automated self service kiosks for mobile devicesUnITED STATES


Advised ecoATM, an automated self service kiosk for mobile devices, on its sale to Outerwall, a company providing automated retail solutions via kiosks.

HARdwARE

61

DLM Invista Private Equity firmBrAzIl


Interplayers E-marketplace for pharmaceutical companiesBrAzIl


Advised Interplayers, an e-marketplace for pharmaceutical com-panies, on the sale of a 25% participation to DLM Invista, a Private Equity firm.

Business Collaborator Ltd Collaboration software tool providerUnITED kInGDoM


Business Collaborator Ltd Collaboration software tool providerUnITED kInGDoM

Advised on Purchase of Company / MBo

Advised Business Collaborator on its sale to Private Equity House YFM Equity Partners and the Management Team.

Jorudan Internet application and software developerJAPAn

Formed Joint Venture

Remunera Electronic meal voucher system providerISrAEl

Advised on Formation of JV

Advised Remunera, a leading electronic meal benefits service provider in Israel, on establishment of JV with Jorudan, Japan-based software/systems developer. The JV will provide an elec-tronic meal voucher system for corporate clients and restaurants in Japan.

INTERNET SOfTwARE ANd SERvIcES

MOL Global online payment solutions providerSInGAPorE


Sihirli Kule - Game Sultan online payment solutions and e-pin distribution.TUrkEy


Advised Game Sultan, an online gaming payment provider, in its 30% stake sale to MOL Global, who provides e-payment solutions for online goods and services in Southeast Asia.

MOL Global online payment solutions providerSInGAPorE


PaytoGo Mobile payment solutions providerTUrkEy


Advised PaytoGo, a mobile payment solutions provider, in its 30% stake sale to MOL Global, who provides e-payment solutions for online goods and services in Southeast Asia.

62 / tmt

The Abraaj Group Middle East based Private Equity FirmUnITED ArAB EMIrATES

Acquired Minority of Business Operations

Hepsiburada Market leader in online shopping in TurkeyTUrkEy


Advised The Abraaj Group, a Middle East based Private Equity Firm, on its purchase of a minority stake in Hepsiburada, the market leader in online shopping in Turkey.

63

HSBC BankUnITED kInGDoM

Provided Acquisition Funding

Defaqto Provider of info on financial services productsUnITED kInGDoM

Advised on the Debt Raise

Advised Synova Capital on its investment in Defaqto, an information provider to the financial services industry, as part of a MBO.

IT cONSuLTINg ANd SERvIcES

Netz16 GmbH IT service providerGErMAny


Alphasystems GmbH IT service providerGErMAny


Advised alphasystems on selling 80 % of their shares to Netz16 GmbH to strengthen its commitment in the sectors of software development and process optimization. With this transaction, Netz16 GmbH expands its product portfolio and develops new customer groups. The service of Alphasys-tems receives further dynamics and is able to strengthen its position in the IT sector.

UndisclosedA group of private foreign InvestorsUnITED STATES


Ininal Turkish developer of prepaid payment cardsTUrkEy


Advised Ininal, the 1st player in Turkey to develop a nation-wide sales program for general purpose reloadable prepaid cards at retail stores, in its minority stake sale to a group of Private Foreign Investors.

Campbell Scientific Manufacturer of dataloggers, data acquisitionUnITED STATES


Corobor Systems Meteorological softwarepublisher and integratorFrAnCE


Advised the owner of Corobor Systems, a Meteorological Soft-ware Publisher and In-tegrator based in Paris in selling the shares to Campbell Scientific, a leading measurement and control products provider based in Utah (USA). With this deal Corobor Systems will be able to address new territories (mainly north America).

Firstsource Solutiions Business Process Management (BPM/BPo) solutions providerInDIA


NanoBi Data and Analytics Pvt. Ltd. Software product companyInDIA


NanoBI Data and Ana-lytics Pvt. Ltd. (NanoBI) has raised a strategic round of funding from Firstsource Solutions (NSE:FSL) a leading BPM player from the RP-Sanjiv Goenka Group. The deal will en-able NanoBI to expand its marketing and sales network in some of the largest global markets.

ÅF Group Engineering companySwEDEn


Four Dimensions AS Project management ITCnorwAy


Advised ÅF Advansia in the acquisition of Four Dimensions AS. Through the purchase of Four Dimensions, ÅF Advansia will use their expertise within management of large complex projects to develop services within implementation of ITC facilities and systems.

Vitec Software Group AB Provider of industry-specific business systemsSwEDEn


AutoData Norge AS ErP system for the norwegian automotive industrynorwAy


Advised Vitec Software Group, a leading provider of industry-specific software systems, to acquire Autodata Norge AS. Autodata Norge AS offers an industry-spe-cific ERP system for the Norwegian automotive industry.

IT cONSuLTINg ANd SERvIcES

TeamSystem S.p.A. Software solutions for professionals and SMEITAly


24 Ore Software S.p.A. Software solutions for professionalsITAly


Advised TeamSystem, leading player in the sector of software solutions for profes-sionals and SME, on the acquisition of 100% shares capital of 24Ore Software, the software division of Sole24Ore Group, which provides software solutions for professionals, SME and construction sector.

Ausy SA Consulting & engineering companyFrAnCE

Acquired Minority Stake with Option to Acquire 100%

Pentasys AG Consulting and engineering companyGErMAny


Advised Ausy on its ac-quisition of a 35% stake in Pentasys, a provider of IT consulting ser-vices. Concurrently, Ausy was granted an option to acquire the remaining 65% interest in Pentasys. The deal enables Ausy SA to expand its activities in Germany.

64 / tmt

Procano AS Enterprise cloud solutionnorwAy


Instant Office AS Customized IT servicesnorwAy


Advised Procano in the acquisition of Instant Office. The deal is in line with the Buyer’s strategy of acquiring IT operation compa-nies that matches the culture and values Procano stands for.

KSR International Co. Tier one automotive supplierCAnADA


Electronic Motion Systems Holdings Limited Supplier of power conversion modules and systemsUnITED kInGDoM

Represented the Buyer

Advised in the acquisi-tion of Electronic Mo-tion Systems Holdings Limited by KSR Inter-national Co. Acted as the exclusive financial advisor to KSR.

65

SEMIcONducTORS

Belysimo Ltd Investment companyUnITED kInGDoM


MPE Electronics Ltd Contract electronics manufactureUnITED kInGDoM


Advised MPE Electron-ics on the sale of the business to Belysimo Ltd, an investment vehicle owned by a group of private inves-tors. MPE is a contract electronics manufac-turer providing surface mount and through the hole assembly of printed circuit board assemblies.

SIGMA BS GmbH Family holding companyGErMAny

Equity Placement

RENA GmbH Equipment of chemical process technologyGErMAny


Advised RENA on the increase of its equity to finance its acquisition of Stulz Group. RENA’s family holding retains 85% of shares, while Stulz, of Sigma Holding, gained 15% of shares.

Fiducial Informatique Multi sector IT services for SMEFrAnCE


I’Car Systems R2-R3 Automotive dealer and repairer management softwareFrAnCE


Advised the com-pany I’Car Systems, a software publisher owned by the PEG, Argos Soditic, in the sale of its R2/R3 opera-tions (dedicated to car repairers and repair workshops) to Fiducial Informatique, a leading software publisher for SME’s.

Active Network leader in activity and participant managementUnITED STATES


IPICO Inc. Global provider of race timing technologyCAnADA


Acted as exclusive financial advisor to the shareholder of IPICO Sports on its sale to ACTIVE Network. The integration of IPICO will expand on ACTIVE’s real-time, on-site ca-pabilities and provide a comprehensive solution that includes timing, data, analy-tics, and insights that are needed by Timing Managers and Event Organizers to make business decisions, increase participation, and drive growth of their events.

SOfTwARE

Getinge AB Global medical technology companySwEDEn


Cetrea A/S Enterprise software solutions for hospitalsDEnMArk


Advised the sharehold-ers of Cetrea in the sale to Getinge-owned Maquet. Acted as the exclusive financial ad-visor to the owners of Cetrea in a structured sales process with several international buyers.

Advised Rhapso, based in France and Germany, on its acquisition by EFI, a global provider of products, technology & services leading the transformation of ana-log to digital imaging. The acquisition further strengthens EFI’s ERP leadership position in Europe.

Electronics for Imaging, Inc Digital imagingUnITED STATES

Acquired 100% of the Capital

RHAPSO Group Printing and packaging software solutionsFrAnCE


66 / tmt

SOfTwARE

Amtech Group Ltd Software for the building services industryUnITED kInGDoM


ArtrA Ltd Enterprise solution for construction managementUnITED kInGDoM


Advised ArtrA Ltd., one of the world’s leading software applications’ developer of smart models of buildings and assets, on its sale to Amtech Group Ltd, the market-leading software developer for the Building Services Industry. This acquisi-tion will strengthen Amtech’s BIM capa-bilities.

Newton Media a.s. Media monitoring and media analysis companyCzECh rEPUBlIC


MCA Grupa d.o.o. Media monitoring and media analysis companySloVEnIA


Advised Pristop Skupina d.o.o., head-quartered in Ljubljana on sale of its 51% share in MCA Grupa to Newton Media a.s., the leading media monitoring provider in CEE, headquartered in Prague.

AdvERTISINg ANd MARkETINg

Med

ia a

nd

en

Ter

Tain

Men

T

RIB Software AG Software for the construction sectorGErMAny


Byggeweb A/S Software for the construction sectorDEnMArk


Advised the sharehold-ers of Byggeweb in the sale to German RIB Software. Since the company’s foundation in 1997, Byggeweb has grown to become a leading provider of SaaS based collabora-tion software solutions within Project and Facility Management, covering all stages of a building’s life cycle.

67

Ocean Bidco Limited Boutique media companyUnITED kInGDoM


Signature Outdoor Limited leading digital outdoor advertising providerUnITED kInGDoM

Advised the Vendors and Assisted in negotiations

Has advised Signature Outdoor on its sale to LDC-backed Ocean Outdoor, the leading provider of digital out-of-home (DOOH) advertising sites.

AdvERTISINg ANd MARkETINg

Imagination Thirty Five Ltd Investment vehicle to facilitate MBoUnITED kInGDoM

Acquired 100% of Shares in a Management Buy-Out

SDI Displays Ltd Designer and manufacturer of PoS displaysUnITED kInGDoM


Advised SDI Displays, a Leicester-based provi-der of display solutions, in the acquisition of its entire share capital by Imagination Thirty Five, a newly-formed com-pany, in a leveraged buyout transaction.

Groupe Multimédia IPM S.A. Active in media and entertainmentBElGIUM


B&M nv Gambling hallBElGIUM


Advised B&M, a gam-bling hall, on its sale to Groupe Multimedia IPM.

Lloyds Bank BankUnITED kInGDoM


Barons Holdings hotel and day spa groupUnITED kInGDoM

Restructuring of Group and Debt Financing

Acted for Barons Holdings in a capital reorganisation of the group and £10 million debt refinancing which was provided by Lloyds Banking Group. Barons owns a hotel and two day spa’s based in quintessentially English country manor houses.

Vertix SGPS SA Media company, TV broadcasterPorTUGAl

Acquired 10% Stake

Grupo Media Capital SGPS SA Media company, TV broadcasterPorTUGAl


Advised Portquay West I BV in its sale of a 10% stake in Grupo Media Capital to Vertix SGPS, a subsidiary of Grupo Prisa. The transaction raises Vertix’s stake in GM, aligned with its business strategy.

bROAdcASTINg cASINOS ANd gAMINg

HOTELS ANd LOdgINg

Aller Media Media company with own magazinesDEnMArk


Datagraf A/S Media and communication companyDEnMArk


Advised the share-holders of Datagraf Communications in the sale to Aller Media. Da-tagraf Communications A/S and DG Media A/S, both of which have subsidiaries in Sweden and Norway, create publications, related advertising and content marketing for various private companies and public bodies.

Carmike Cinemas, Inc Movie theater chainUnITED STATES


Muvico Theatres Inc Premium movie theater chainUnITED STATES


Advised Muvico Enter-tainment on its sale to Carmike Cinemas. The acquisition of Muvico’s nine premium movie theater properties in three states presents a number of operational and cost synergy op-portunities for Carmike.

68 / tmt

MOTION PIcTuRES / AudIO vISuAL

PubLISHINg

ALLTRICKS Ecommerce B2C - bikingFrAnCE


Riverside Publications Publisher biking - print, ecommerce, eventsGErMAny


Advised the invest-ment fund Genairgy in the sale of Riverside Publications, a 360° media group (print, online, ecommerce, events) to Alltricks.fr, the leading ecommerce “bike shop”. As a cross-media company, Riverside Publications will help Alltricks to build a unique blend of Content, Commu-nity and Commerce dedicated to bike enthusiasts.

McGraw-Hill Global Education Holdings, LLC A digital learning company and educational publisherUnITED STATES

Acquired the Remaining 30% of the Common Shares not Already Owned by Them

McGraw-Hill Ryerson Limited Educational servicesCAnADA

Advised the Special Committee of the Board of McGraw Hill Ryerson Regarding Going Private trans-action

Advised the Special Committee to provide a Formal Valuation and Fairness Opinion in relation to the definitive acquisition agreement pursuant to which McGraw-Hill Education would indirectly acquire all of the outstanding common shares of Mc-Graw-Hill Ryerson that it did not already own. The transaction was valued at $100 million.

Agencja Rozwoju Przemyslu SA (Industrial Development Agency JSC) State controlled stock company intended as an instrument of public industrial policyPolAnD

Provided Long Term Credit for Restructuring

Takt Ltd. Produces duplicated & pressed compact discs CD&DVDPolAnD

Advised on Restruc-turing Financial obligations

Advised Takt Ltd, a producer of duplicated and pressed compact discs, on the restruc-turing of its financial obligations.

69

REcREATION ANd LEISuRE

Grovepoint Credit Limited Investment firmUnITED kInGDoM


Pure Leisure Group Uk leisure parks and overseas luxury resortUnITED kInGDoM

Advised on Debt Raise

IMAP’s Debt Advi-sory team led the £19 million refinance of Royal Westmoreland in Barbados, which was funded by Grovepoint Credit.

The Business Growth Fund Private Equity fundUnITED kInGDoM


Sparring Partners Ltd operator of niche gym brandUnITED kInGDoM

Advised the Share-holders

Completed its maiden deal since its merger, advising boutique gym chain Gymbox on its £10 million investment of growth capital from BGF.

EL COMERCIO S.A news and media companyPErU


ATRACCIONES CONEY ISLAND S.A.C Amusement parks and entertainment companyPErU


Advised Atracciones Coney Island, an amusement parks and entertainment company on the sale of a 70% stake to El Comercio.

Gorkom Broadband operatorrUSSIA

Merged

Iskra Telecom Broadband operatorrUSSIA

Advised on Merger

Advised the sharehold-ers of Gorkom, a large alternative Moscow-based fixed broadband operator, during the merger with Iskra Tele-com (part of WestCall Group, a large Russian PE-backed fixed broad-band operator).

Joxnet Broadband operatorrUSSIA


Altegro-Voronezh Broadband operatorrUSSIA


Advised the share-holders of Altegro-Voronezh, a broadband operator based in Voronezh city and a part of a larger holding, during the spin-off to JoxNet, a Voronezh-based fixed broadband operator.

TELEcOMMuNIcATIONS SERvIcES

Tele

co

MM

un

icaT

ion

s

NetByNet Broadband internet providerrUSSIA


Advantage Telecom Broadband internet providerrUSSIA


Advised the share-holders of Advantage Telecom, the leading broadband operator in Dmitrov city (Moscow region), during the sale to NetByNet, the fixed broadband business of Megafon, a top-3 Rus-sian telecom company.

70 / tmt

CoreLogic, Inc. Provides property information & data servicesUnITED STATES

Acquired a Portion of Business

DoApp Mobile application for real estateUnITED STATES

Advised Company on Divestiture

Advised DoApp, a mo-bile application for Real Estate on a divestiture.

wIRELESS©IMAP, Inc. 2015

Link Mobility ASA norway’s leading B2B suppliers of mobile solutionsnorwAy


PswinCom AS B2B suppliers of mobile solutionsnorwAy


Advised PSWinCom, a leading B2B supplier of mobile services, with the sale to Link Mobility Group. Link Mobility Group is a major Nordic mobile service provider. Through the acquisi-tion of PSWinCom, Link Mobility will strengthen its position as the largest provider of mobile services in the Norwegian market.

Dealbook2015

IMAP

www.imap.com©IMAP, Inc. 2015

Documents

DEALBOOK 2015