DOCSLIB.ORG

Consumer & Retail Group

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Consumer & Retail Group Consumer & Retail Group aving worked on many of the landmark transactions that have redefined Hthe consumer and retail industry over the past several decades, the Sullivan & Cromwell Consumer & Retail Group offers clients comprehensive legal expertise paired with a practical understanding of today’s commercial realities. With a multidisciplinary and integrated global practice, we provide our consumer and retail clients with relevant transactional advice and litigation expertise that is crucial to the successful execution and consummation of deals and the resolution of disputes. As the following pages demonstrate, Sullivan & Cromwell’s Consumer & Retail Group has had the privilege of working on a number of the most significant transactions and litigation matters in the consumer and retail industry. We are grateful that our clients have trusted us with their groundbreaking transactions. We look forward to working with existing and new clients and bringing to bear our industry expertise and experience in what promises to be another exciting year as companies continue to re-position themselves strategically in an ever-evolving industry. Audra Cohen Co-head of the Consumer & Retail Group 1 Selected Capabilities of S&C’s Consumer & Retail Group Creative Transaction Structuring Thoughtful Approaches to Employee Arrangements Joint ventures, collaboration agreements and strategic alliances Executive change in control arrangements Earn-outs, contingent value rights, 409A and 280G issues hold-backs and escrow arrangements Implementing retention arrangements Balance-sheet-based and earnings-based WARN purchase price adjustments Works council notifications Intellectual property licensing Estate planning with transaction proceeds Strategic Approach to Antitrust and Competition Law Issues Sophisticated Tax Planning Proactive analysis of potential issues Spin-offs, split-offs and reverse Morris trusts Unwavering focus on timing and Structuring to use off-shore cash for certainty implications U.S. acquisitions Creative, economically-rational solutions Corporate inversion transactions NOL preservation strategies Critical Compliance and Investigation Matters Implementation of global transfer FCPA pricing policies AML REIT planning Strong Cross-Border Capabilities Corporate Governance, Takeover Defense and Responses to Activists Reconciling U.S. and non-U.S. securities law requirements for M&A and capital markets Takeover and activism preparedness transactions Poison pills Multi-jurisdictional contract enforcement Proxy contests and dispute resolution arrangements Negotiation/resolution of activist campaigns Addressing political risks State-of-the-Art Leveraged Finance Practice Cost Effective and Efficient Transaction Management Structuring high yield debt financing Unerring client focus Addressing financing risks Budgeting and expense management Lean staffing and rigorous team management Leveraging low cost due diligence providers 3 Timeline of S&C’s Headline Transactions (2012-2015) Recently, S&C has advised on several major consumer and retail M&A transactions. Collective Brands, Inc. Green Acres Mall Anheuser-Busch InBev NV/SA Apollo Tyres Ltd S&C client Collective Brands, S&C client Vornado Realty S&C client Anheuser-Busch S&C client Apollo Tyres Inc. (U.S.) completes its Trust (U.S.) completes its InBev NV/SA (Belgium) Ltd (India) announces its $2 billion sale to a $500 million sale of the announces its $20.1 billion proposed approximately consortium including Green Acres Mall in Valley acquisition of the remaining $2.5 billion acquisition Wolverine Worldwide (U.S.), Stream, Long Island to stake it didn’t already own of Cooper Tire & Rubber Blum Capital Partners (U.S.) The Macerich Company in Grupo Modelo, S.A.B. de C.V. Company (U.S.) (later and Golden Gate Capital (U.S.) (U.S.) (Mexico) terminated) JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC 2012 2013 Kings Plaza Mall American Greetings Dole Food Co. Empire Company Limited S&C client Alexander’s Corporation S&C client, the Special S&C client Empire Inc. (U.S.), an affiliate of S&C client, the Special Committee of the Company Limited (U.S.) Vornado Realty Trust, Committee of the Board Board of Directors of completes its $5.6 completes its $751 million of Directors of American Dole Food Co. (U.S.), billion acquisition by its sale of Kings Plaza Mall Greetings Corporation announces the subsidiary, Sobeys Inc. in Brooklyn’s Mill Basin (U.S.), announces its going-private (U.S.), of substantially all (U.S.) to The Macerich approximately $900 million transaction led by its the assets of Safeway Company (U.S.) acquisition by members largest shareholder, Inc.’s (U.S.) Canadian of the Weiss family and David Murdock subsidiary certain related parties (U.S.) The Wall Street Journal recognized AB InBev’s $20.1 billion acquisition of Grupo Modelo as “…a deal that amounts to the second-largest beer deal on record,” and a deal “…that will augment the world’s biggest brewer’s position in the fast-growing Mexican market…” THE WALL STREET JOURNAL, JUNE 2012 “Sullivan & Cromwell’s prowess in domestic and cross-border M&A is widely acknowledged, and it has been involved in some of the most dazzlingly complex deals handled in the country.” CHAMBERS USA, 2013 4 Bayer Express, Inc. C&S Wholesale Joe’s Jeans Inc. Kraft Foods Group S&C client Bayer S&C client Grocers, Inc. S&C client to Peter Kim, S&C client Kraft Foods AG (Germany) Express, Inc. (U.S.) and S&C client C&S Wholesale founder and CEO of Hudson Group (U.S.) completes announces its $14.2 the Special Committee Grocers, Inc. (U.S.) Clothing, LLC (U.S.), a its approximately billion acquisition of the of its board, announce announces its acquisition wholly-owned subsidiary $55 billion merger with consumer care business Sycamore Partners’ of the wholesale of Joe’s Jeans (U.S.), H.J. Heinz Company of Merck & Co., Inc. (U.S.) interest in distribution and supply announces analysis of his (U.S.) to create The (U.S.) acquiring Express business of The Grocers alternatives with respect Kraft Heinz Company Supply Company, Inc. (U.S.) to Joe’s Jeans (U.S.) JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY 2014 2015 Anheuser-Busch The Priceline Diageo Bumble Bee Lion Capital Moncler InBev NV/SA Group Inc. S&C client Diageo (U.K.) Foods, LLC S&C client S&C client Eurazeo S&C client Anheuser-Busch S&C client announces its agreement S&C clients Lion Lion Capital (France) announces InBev NV/SA (Belgium) The Priceline with Casa Cuervo Capital (U.K.) (U.K.) completes the $395 million sale announces its $5.8 billion Group Inc. (U.S.) (Mexico) to acquire full and Bumble Bee its acquisition of by its subsidiary re-acquisition of Oriental announces its $2.6 global ownership and Foods, LLC (U.S.) Spence Diamonds ECIP M (France) of Brewery Co., Ltd. (South billionacquisition control of Tequila Don announce Bumble (Canada) 19.5 million Moncler Korea) from KKR & Co. L.P. of OpenTable, Inc. Julio and Diageo’s sale of Bee’s $1.51 billion (Italy) shares, (U.S.) and Affinity Equity (U.S.) Bushmills to Jose Cuervo acquisition by representing 7.8% Partners (South Korea) Overseas in a transaction Thai Union Frozen of the share capital resulting in a net payment Products Public of Moncler (2015) of $408 million to Diageo Company Limited (Thailand) Winner, Dealmaker of the Year: Sullivan & Cromwell’s Matthew Hurd: Bayer acquisition of the consumer care business of Merck THE AMERICAN LAWYER, MARCH 2015 “This leading global M&A practice is one of New York’s heavyweights. The team regularly handles billions of dollars in transactions, including some of the most complex and technical deals in the world. The group is composed of experts in domestic, cross- border and international work and represents clients in both a transactional capacity and financial advisory role.” CHAMBERS USA, 2012 5 Consumer & Retail M&A Top 10 Deals in the Last 10 Years S&C has advised on the six largest of top ten largest consumer and retail transactions in the last ten years. ACQUIRER TARGET DATE VALUE ($ millions) InBev NV* (Belgium) Anheuser-Busch Cos Inc. (U.S.) 2008 60,408 Procter & Gamble Co.*** (U.S.) Gillette Co. (U.S.) 2005 57,227 H.J. Heinz Co. (U.S.) Kraft Foods Group Inc.* (U.S.) 2015 54,717 Express Scripts Inc. (U.S.) Medco Health Solutions Inc.* (U.S.) 2011 34,306 Reynolds American Inc. (U.S.) Lorillard, Inc.** (U.S.) 2014 27,737 Investor Group (U.S.) HJ Heinz Co.** (U.S.) 2013 27,362 CVS Corp. (U.S.) Caremark Rx Inc. (U.S.) 2006 25,092 Walgreen Co. (U.S.) Alliance Boots GmbH (Switzerland) 2012 23,761 Mars Inc. (U.S.) William Wrigley Jr Co. (U.S.) 2008 23,194 Imperial Tobacco Overseas Altadis SA (Spain) 2007 21,489 Holdings (U.K.) Source: Thomson Reuters, April 7, 2015 * Representing the company identified ** Representing the financial adviser to the company identified *** Representing the compensation committee of the company identified 6 Other Consumer & Retail Highlights n addition, S&C was involved in the following transactions, which showcase our experience Iworking with diverse consumer and retail clients. Multinational consumer and retail companies frequently call upon S&C to handle matters related to mergers and acquisitions, corporate finance, litigation, investigations and FCPA issues, as well as intellectual property and executive compensation and benefits. M&A The Firm is a perennial leader in global M&A, handling several of the industry’s most complex transactions. S&C takes an interdisciplinary approach to this practice area where lawyers from many areas of the Firm work together with clients and also with investment bankers, accountants, proxy solicitors and other advisers. Sample representations include: American Greetings Corporation Counsel to Special Committee in its acquisition by members of the Weiss family and certain related parties Anheuser-Busch InBev in its re-acquisition of Oriental Brewery from KKR and Affinity Equity Partners Anheuser-Busch InBev in its acquisition of the stake it didn’t already own in Grupo Modelo, S.A.B.
Load more

Recommended publications
  • Software Sector Summary Report
    SOFTWARE SECTOR REPORT Q1 2019 GCA: A LEADING INDEPENDENT GLOBAL INVESTMENT BANK Global investment bank providing strategic M&A and capital markets advisory services to growth companies and market leaders LEEDS PARIS FRANKFURT MANCHESTER MUNICH ZURICH NAGOYA TOKYO LONDON SHANGHAI NEW YORK MILAN NEW DELHI OSAKA TEL AVIV FUKUOKA SAN FRANCISCO TAIPEI MUMBAI SINGAPORE HO CHI MINH CITY Global platform: Sector expertise: Exceptional cross- 21 offices in key Experienced team: Expansive coverage border capabilities: markets across Over 400 employees and deep Over a third of all America, Asia and across the globe specialization transactions Europe Broad spectrum Diversified Strong reputation of clients: business model: and track record: Leading Geographically High number of conglomerates, top balanced, synergistic repeat clients and private equity firms and complementary referrals and emerging high- focus areas growth companies 2 GCA operates as GCA in America and Asia, and GCA Altium in Europe GCA OVERVIEW The GCA Software Team US Team Paul DiNardo Daniel Avrutsky Rupert Sadler Josh Wepman Managing Director Managing Director Managing Director Managing Director Software HCM Software Software, Travel & Telematics Software & Digital Media [email protected] [email protected] [email protected] [email protected] James Orozco Clark Callander Chris Gough Kevin Walsh Managing Director Managing Director Managing Director Managing Director Financial Sponsors Technology Real Estate Tech Software & Digital Media [email protected] [email protected]
    [Show full text]
  • Graham & Doddsville
    Page 2 Welcome to Graham & Doddsville We are pleased to bring ing, and management you the 41th edition of quality and capital allo- Graham & Doddsville. This cation. Mr. Kidd discuss- student-led investment es his early experiences publication of Columbia with the semiconductor Business School (CBS) is industry, which shaped co-sponsored by the Heil- his unique and successful brunn Center for Graham long-term approach to & Dodd Investing and the investing. Columbia Student Invest- ment Management Asso- We continue to bring you Meredith Trivedi, Man- ciation (CSIMA). stock pitches from cur- aging Director of the Heil- rent CBS students. In brunn Center. Meredith We first interviewed Ar- this issue, we feature leads the Center, cultivat- thur Young, portfolio three contest-winning ing strong relationships manager and co-founder pitches. Amitaabh Sahai with some of the world´s of Tensile Capital Manage- ('21) shares his long idea most experienced value ment. We discussed Mr. on DXC Technology investors and creating numerous learning oppor- Young’s investing princi- (DXC). Will Husic (‘22), tunities for students inter- ples and founding of Ten- Harrison Liftman (‘22), ested in value investing. sile, his approach to gen- and Cathy Yao (‘22) eralist value investing, share their buy thesis on idea generation, and Ten- Live Nation (LYV) as an sile’s unique blend of pub- attractive covid-19 re- lic and private investing. covery idea. Finally, Na- Mr. Young also shares his than Shapiro ('22), Le- views on the attractive vente Merczel ('22), Kyle aspects of investing in Heck ('22), Kirk Mahoney software businesses. ('22), and Vineet Ahuja ('21) share their long Next, we interviewed thesis on RealPage (RP).
    [Show full text]
  • BROOKINGS BLUM ROUNDTABLE POLICY BRIEFS Contents
    OLD PROBLEMS, NEW SOLUTIONS: HARNESSING TECHNOLOGY AND INNOVATION IN THE FIGHT AGAINST GLOBAL POVERTY THE 2012 BROOKINGS BLUM ROUNDTABLE POLICY BRIEFS Contents Introduction ...................................................................................................................................................................3 The Innovation Revolution and Its Implications for Development.................................................................................5 Laurence Chandy and Homi Kharas New Frontiers: Launching Digital Financial Services in Rural Areas ......................................................................... 12 Cameron Peake Harnessing Connection Technologies for Development ............................................................................................ 19 Anne-Marie Slaughter and Eleanor Meegoda Innovation and Technology for Green Growth ........................................................................................................... 31 Nathan E. Hultman, Katherine Sierra and Allison Shapiro The Importance of Business Models ......................................................................................................................... 41 Mike Kubzansky It’s What You Make, Not How You Make It: Why Africa Needs a Strategy for Structural Change ............................. 49 John Page Delivering U.S. Leadership: Roles for the Public Sector ........................................................................................... 56 Molly Kinder Acknowledgments The
    [Show full text]
  • The Emergence of China: New Frontiers in Outbound M&A
    The emergence of China: New frontiers in outbound M&A November 2009 New frontiers in outbound M&A Introduction 4 Executive summary 6 Methodology 7 China outbound M&A overview 8 China outbound M&A activity into Australia 17 China outbound M&A activity into the US 23 Sector focus Automotive 29 Oil and Gas 34 Financial Services 40 Mining 45 Deloitte Global Chinese Services Group Overview 50 Deloitte contacts 52 The emergence of China: New frontiers in outbound M&A 3 Foreword: New frontiers in outbound M&A China has truly stepped onto the world the China Development Bank recently loaning stage following the turmoil that afflicted the the state-owned China National Petroleum global financial system in the second half Corporation US$30bn in order to swell its of last year. Nowhere is this more prevalent outbound M&A war-chest. than in the Chinese outbound M&A market, where activity remained solid over the first Looking forward, Chinese outbound M&A three quarters of 2009, despite dire market activity looks likely to continue to move conditions. Indeed, outbound deal volumes from strength to strength over 2010, over Q1-Q3 2009 accounted for 10% of driven by a largely-unchanged appetite for overall Chinese M&A activity, as well as close deal-making in China, as well as relatively to one-quarter of M&A investment – in attractive valuations for overseas assets. comparison, foreign acquisitions in 2007 At the same time, Chinese acquirers are comprised just 8.5% over all M&A volumes increasingly examining assets in Europe and 21% of values.
    [Show full text]
  • Coral Growth Investments Limited
    CORAL GROWTH INVESTMENTS LIMITED ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 JANUARY 2009 TO 31 MARCH 2010 CORAL GROWTH INVESTMENTS LIMITED Contents Page Directors 1-2 Management and Administration 3 Investment Portfolio 4 Report of the Investment Manager 5-8 Directors' Report and Statement of Directors' Responsibilities 9-10 Independent Auditor's Report to the Members of Coral Growth Investments Limited 11 Balance Sheet 12 Income Statement 13 Reconciliation of Movement in Shareholders' Funds 14 Cash Flow Statement 15 Notes to the Financial Statements 16-29 CORAL GROWTH INVESTMENTS LIMITED Directors Peter Grant CBE (Chairman) Mr. Grant was Deputy Chairman of London Merchant Securities plc, and is Chairman of Egyptian Direct Investment Fund Limited, The Egypt Investment Company Limited and Coral Growth Investments (Parallel) Limited and is a Director of other companies. He retired as Chairman of Sun Life Corporation PLC in April 1995 and was previously with Lazard Brothers & Co, Limited 1952-88, Vice-Chairman 1983-85 and Deputy Chairman 1985-88. He retired as a Director of BNP UK Holdings Limited in April 2005. He was formerly a member of the council of the Institute of Directors and the Civil Aviation Authority and of the Industrial Development Advisory Board of the Department of Trade and Industry and Chairman of the Finance Committee of the British Red Cross. In 1997 he was named as a commander of the Order of the British Empire. Fahad Al-Rajaan Mr. Al-Rajaan is the Director General of the Public Institution for Social Security in Kuwait. He is also the Chairman of Ahli United Bank-Bahrain, Ahli United Bank (UK), Delta International Bank (Cairo) and Wafra Investment Advisory Group (New York).
    [Show full text]
  • TPG Capital - Wikipedia, the Free Encyclopedia Page 1 of 6
    TPG Capital - Wikipedia, the free encyclopedia Page 1 of 6 TPG Capital From Wikipedia, the free encyclopedia TPG Capital (formerly Texas Pacific Group) is one of the largest private equity TPG Capital investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital, public equity, and debt investments. The firm invests in a broad range of industries including consumer/retail, media and telecommunications, industrials, technology, travel/leisure and health care. Type Private The firm was founded in 1992 by David Bonderman, James Coulter and William S. Industry Private equity Price III. Since inception, the firm has raised more than $50 billion of investor Predecessor Texas Pacific Group commitments across more than 18 private equity funds.[1] (s) Founded 1992 TPG is headquartered in Fort Worth, Texas and San Francisco, California.[2] The company has additional offices in Europe, Asia, Australia and North America. Founder(s) David Bonderman James Coulter William S. Price III Contents Headquarters Fort Worth, Texas San Francisco, California, U.S. ◾ 1 Private equity funds Products Leveraged buyouts, Growth capital, ◾ 2 History and notable Investments Venture capital ◾ 2.1 Founding Total assets $48 billion ◾ 2.2 Texas Pacific Group in the late 1990s ◾ 2.3 Texas Pacific Group in the early 2000s Website www.tpg.com ◾ 2.4 TPG and 2006-2007 Buyout Boom (http://www.tpg.com) ◾ 2.5 TPG and the Credit Crisis ◾ 2.6 Post Recession Activity ◾ 3 Newbridge Capital ◾ 4 Recognition ◾ 5 Notable employees ◾ 6 References ◾ 7 External links Private equity funds TPG has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high net worth individuals, sovereign wealth funds, and from other institutional investors.
    [Show full text]
  • Investment Report
    THE UNIVERSITY OF MICHIGAN REGENTS COMMUNICATION ITEM FOR INFORMATION Subject: Annual Report of Investments Background and Summary: The Annual Report of Investments, enclosed under separate cover, describes the investments of the University's financial assets. It is designed to provide meaningful context to the Board of Regents as they are asked to consider investment opportunities presented in the course of the year. ubmitted, · vi . Hegarty xecutive Vice President and Chief Financial Officer October 2015 REPORT OF INVESTMENTS 2015 1 16 INTRODUCTION Alternative Assets (Illiquid) 4 17 LONG TERM PORTFOLIO Venture Capital Background 18 6 Private Equity Asset Allocation 19 7 Real Estate Model Portfolio 20 10 Natural Resources Investment Performance 22 12 DAILY AND MONTHLY Marketable Securities PORTFOLIOS/SHORT TERM POOL Asset Allocation 13 Investment Performance Market Traded Equities 23 VERITAS 14 Asset Allocation Investment Performance Fixed Income 15 25 CONCLUSION Absolute Return 28 BENCHMARK DEFINITIONS A-1 APPENDIX: MANAGER DEFINITIONS The pictures in the report depict innovation at the University of Michigan. Cover: An MSE/BSE student runs a cylinder combustion simulation in the Michigan Immersive Digital Experience Nexus (MIDEN) at U-M’s 3D Lab. This page: The Medical Chemistry Lab in the College of Pharmacy uses specialized disciplinary approaches to focus on the ultimate Report ofgoal Investments of drug discovery. 2015 | 1 INTRODUCTION The University invests its financial assets in pools with The market value of the University’s combined cash distinct risk and liquidity characteristics based on and investments totaled $11.7 billion at June 30, 2015, specific needs, with the large majority of its financial compared to $11.6 billion at June 30, 2014, primarily assets invested in two such pools.
    [Show full text]
  • Calpers Settles San Jose Mercury News Suit, Posts Private Equity Return Data on Its Web Site Atlas Venture Cuts Fund VI for Seco
    Please route to the name in top left corner MARKET INTELLIGENCE // Forecast for Job Hunters: Mostly Cloudy P.5 December 23, 2002 | Vol.II Issue 49 CONTENTS Calpers Settles San Jose Mercury News Suit, Ohio May Reduce Commitment Pace---------------2 Posts Private Equity Return Data on its Web Site OVP Defers management fee on Fund V----------2 The industry appears to be conceding that state open records laws require Leonard Green & Partners eyes $1.9B close-----3 disclosure of individual fund IRRs, but remains firm in opposing release of Blum Capital wraps up $950M fund----------------3 portfolio company valuations. Fox Paine sows seed with $650M deal----------3 California Public Employees’ Retirement System last week settled a law- suit filed by the San Jose Mercury News, agreeing to release IRRs, capital commitments and distributions for the 200-plus partnerships in its portfolio. Calpers posted the data on its website, at http://www.calpers.ca.gov/in- LIMITED PARTNERS vest/private-equity-press-release.pdf. Calpers Board President William D. Crist said in a statement that set- Oregon and Washington State tling the suit will allow the pension plan to “work proactively on developing Say No to Investment in KKR an industry standard for private equity reporting that allows us to do our fiduciary duty and provide maximum transparency.” New York-based Kohlberg Kravis Roberts For GPs, the message is loud and clear — IRRs are subject to disclosure under & Co. apparently won’t be receiving a open records laws. However, much to GPs’ relief, the Mercury News agreed as couple of eagerly anticipated gifts this part of last week’s settlement not to pursue release of portfolio company infor- holiday season.
    [Show full text]
  • Egyptian Direct Investment Fund Limited
    EGYPTIAN DIRECT INVESTMENT FUND LIMITED ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 EGYPTIAN DIRECT INVESTMENT FUND LIMITED Contents Management and Administration 2 Directors 3 Investment Manager's Report 4-13 Report of the Directors 14-16 Independent Auditor's Report 17-18 Investment Portfolio 19 Statement of Comprehensive Income 20 Statement of Financial Position 21 Statement of Changes in Equity 22 Statement of Cash Flows 23 Notes to the Financial Statements 24-37 1 EGYPTIAN DIRECT INVESTMENT FUND LIMITED Management and Administration Directors Investment Manager Ove Hoegh (Chairman) (Resigned 30 April 2017) Stanhope Overseas Limited, Richard C. Blum Alamander Way, Grand Pavilion, Mohamed S. Younes West Bay Road, PO Box 10173, Andrew Maiden Grand Cayman, KY1 - 1002, Cayman Islands. Registered Office PO Box 255, Mailing Address: Trafalgar Court, c/o Concord International Investments, Les Banques, 610 Fifth Avenue, 6th Floor, St. Peter Port, Guernsey, New York, NY 10020. Channel Islands GY1 3QL. Administrator, Secretary and Registrar Legal Advisers Northern Trust International Fund Mourant Ozannes, Administration Services (Guernsey) Limited, 1 Le Marchant Street, PO Box 255, St. Peter Port, Guernsey, Trafalgar Court, Channel Islands GY1 4HP. Les Banques, St. Peter Port, Guernsey, Custodian Channel Islands GY1 3QL. Northern Trust (Guernsey) Limited, Trafalgar Court, Sponsor for The International Stock Exchange Les Banques, (formerly the Channel Islands Securities Exchange) St. Peter Port, Guernsey, Northern Trust International Fund Channel Islands GY1 3DA. Administration Services (Guernsey) Limited, PO Box 255, Auditor Trafalgar Court, Deloitte LLP, Les Banques, PO Box 137, St. Peter Port, Guernsey, Regency Court, Channel Islands GY1 3QL.
    [Show full text]
  • Reclaiming Democracy
    RECLAIMING DEMOCRACY GLOBAL PHILANTHROPY FORUM CONFERENCE SAN FRANCISCO BAY | APRIL 1–3 RECLAIMING DEMOCRACY GLOBAL PHILANTHROPY FORUM CONFERENCE APRIL 1–3, 2 19 SAN FRANCISCO BAY 2019 Global Philanthropy Forum Conference This book includes transcripts from the plenary sessions and keynote conversations of the 2019 Global Philanthropy Forum Conference. The statements made and views expressed are solely those of the authors and do not necessarily reflect the views of GPF, its participants, World Affairs or any of its funders. Minor adjustments have been to remarks for clarity. In general, we have sought to preserve the tone of these panels to give the reader a sense of the Conference. The Conference would not have been possible without the support of our partners and members listed below, as well as the dedication of the wonderful team at World Affairs. Special thanks go to the GPF team— Meghan Kennedy, Angelina Donhoff, Suzy Antounian, Claire McMahon, Carla Thorson, Julia Levin, Taytum Sanderbeck, Jarrod Sport, Laura Beatty, Sylvia Hacaj, Isaac Mora, and Lucia Johnson Seller—for their work and dedication to the GPF, its community and its mission. STRATEGIC PARTNERS Charles Stewart Mott Foundation Anonymous Newman’s Own Foundation The Rockefeller Foundation The David & Lucile Packard Margaret A. Cargill Foundation Foundation Horace W. Goldsmith Foundation Sall Family Foundation World Bank Group SUPPORTING MEMBERS African Development Fund MEMBERS The Leona M. and Harry B. Helmsley William Draper III Charitable Trust Draper Richards Kaplan Foundation Conrad N. Hilton Foundation Felipe Medina Humanity United Inter-American Development Bank International Finance Corporation MacArthur Foundation The MasterCard Foundation The Global Philanthropy Forum is a project of World Affairs.
    [Show full text]
  • The Next Chapter of Chinese Outbound M&A
    Emerging from the twilight: the next chapter of Chinese outbound M&A October 2010 Chinese Services Group Emerging from the twilight: the next chapter of Chinese outbound M&A Foreword 4 Executive summary 5 Methodology 7 China outbound M&A overview 9 Northern China outbound M&A brief 11 Eastern China outbound M&A brief 15 Southern China outbound M&A brief 19 Sector spotlights Automotive 21 Financial Services 27 Mining 35 Oil & Gas 44 China's M&A investments into Brazil, India, and Russia 51 Introducing Deloitte's Chinese Services Group 64 China outbound historical data 67 Deloitte contacts 78 Emerging from the twilight: the next chapter of Chinese outbound M&A 3 Foreword: Emerging from the twilight Last year’s report on Chinese outbound M&A Looking forward, industry practitioners are activity begun by noting that China has truly broadly bullish on growth prospects, suggesting stepped onto the world stage. If that was that as China continues to play an increasingly true, then Emerging from the twilight: the next important role within the global economy, chapter of Chinese outbound M&A should outbound acquisitions will be conducted more really begin with a glowing reflection of China’s frequently as corporate players look to expand performance in what is almost certainly the market share overseas. Brand acquisitions, as well opening act of a long chronicle. as the purchase of advanced technologies are also crucial drivers of outbound M&A, while on What a glowing rendition it is. From the the Energy and Oil & Gas front, Chinese miners beginning of the third quarter of 2009 to the and power generators are almost universally end of the second quarter of 2010, Chinese scouring the globe for controlling stakes in businesses undertook 143 transactions abroad, mineral extractors.
    [Show full text]
  • Breaking News for Immediate Release
    BREAKING NEWS FOR IMMEDIATE RELEASE Winners Announced for the 11th Annual M&A Advisor Awards Top M&A Deals and Professionals honored December 11th at the New York Athletic Club New York, NY, December 12, 2012 – The M&A Advisor announced the winners of the 2012 M&A Advisor Awards last night at the 11th Annual M&A Advisor Awards to a jubilant, sold-out crowd at the New York Athletic Club. Bloomberg Television Reporter Shannon Pettypiece hosted the event featuring a keynote address by Joe Brusuelas, Senior Economist at Bloomberg. “The award winners represent the best of the M&A industry in 2012 and earned these honors by standing out in a group of very impressive finalists,” said Roger Aguinaldo, CEO of The M&A Advisor. “From lower middle market to multi-billion dollar deals, we are recognizing the leading transactions, firms and individuals that represent the highest levels of performance.” The 11th Annual Awards Gala honored the leading deal-teams, firms and deal-makers whose activities set the standard for M&A transactions. This year, a record of 423 nominees, representing over 600 companies, became finalists for the awards. An independent judging committee of 16 top M&A, Restructuring and Finance industry experts determined the ultimate recipients of the awards which were revealed “Academy-Award style” at the gala. In addition to the 2012 award winners, five leading M&A industry pioneers were inducted into The M&A Advisor Hall of Fame for their outstanding achievements and accomplishments in the fields of M&A, turnaround and financing – John Wm.
    [Show full text]