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Dealbook 2018-2019

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Dealbook 2018-2019 IMAP DEALBOOK 2018-2019 IMAP DEALBOOK 2018-2019 Contents FOREWORD 6 ABOUT IMAP 8 12 18 26 36 Automotive Building Business Consumer Products Services & Retail & Services 72 84 98 104 Healthcare Industrials Materials, Real Estate Chemicals & Mining 48 52 58 64 Education Energy Financial Food & & Training & Utilities Services Beverage 110 124 Technology Transport & Logistics Jurgis V Oniunas IMAP Chairman “Innovation and disruption remain fundamental forces of change in almost every area of business and society and are certainly a key consideration in today’s and future M&A and PE transactions.” 7 Foreword Following a strong year for M&A in 2018, make a significant advance in the presence in which IMAP closed 208 transactions and image of IMAP in these major European worth over $10.bn, and with the promise of markets. In March, we were then joined by a coordinated global growth scenario, the Invest Corporate Finance, our exclusive prognosis for 2019 was more of the same. partner in Portugal. A strong addition to However, 1Q 2019 saw the peak of the global our Iberian team, they will pay a pivotal role growth story and since then there has been as a conduit for Portuguese investments what seems to be a cyclical slowing of GDP throughout Europe and the world. growth worldwide, especially in industrial and manufacturing sectors. Ongoing trade war This year, we also announced the launch rhetoric, tensions within the EU, including of IMAP China, an international team that an unresolved Brexit situation, and other specializes in mid-market Chinese outbound geopolitical tensions obviously do not M&A transactions, another step in our strategy enhance the deal-making environment. to better service our IMAP partners and adapt quickly to changes in the Chinese market. Despite this, IMAP began the year with the same momentum as it saw in 2018 Following a strong 2019 to date, we and closed more deals in 1H 2019 than in remain optimistic about deal activity going the same period in 2018, with 102 M&A forward. Horizontal industry consolidation, transactions worth over $3.5bn. The succession, international expansion, growth strongest out of the 15 sectors covered by strategy execution and PE exits continue to IMAP were Technology, Consumer & Retail drive M&A activity. Innovation and disruption and Healthcare, which together accounted remain fundamental forces of change in for 46% of the total deals closed. almost every area of business and society and are certainly a key consideration in In 2019, we have further strengthened IMAP’s today’s and future M&A and PE transactions. international footprint, with the addition of As mentioned last year, we are living in one 2 new partners. In January, we welcomed of the most exciting periods of change in Degroof Petercam Investment Banking human history and at IMAP, I am proud to (DPIB), as our exclusive partner in Belgium say, we have just the right team and energy and France and co-partner in Spain. This is a to guide our clients through the turbulent major development for IMAP, one which will times ahead. 8 About IMAP About IMAP Founded in 1973, IMAP is one of DEALS BY SECTOR 2016-2018 the first and worldwide leading organizations for Mergers & Acquisitions. IMAP is located in 42 Automotive 3% countries with more than 450 M&A professionals organized in international Building Products sector teams. 3% & Services 8% Transportation & Logistics IMAP is specialized in the sale and the acquisition of companies, as well as 17% 22 17 strategic corporate finance advisory. 49 Business Technology 7% IMAP customers are primarily family- 102 Services 43 owned, mid-sized companies, but also 4% include large international corporations, Consumer as well as family offices and financial Real Estate 22 & Retail 12% 74 investors. 5% 31 Education & Training 2% IMAP advisors successfully execute Materials, 10 over 200 transactions per annum with Chemicals & Mining 28 Energy 85 5% a transaction volume of approximately 14% 26 & Utilities $10 billion. Industrials 52 51 Financial Services 4% 8% Food & Beverage 8% Healthcare DEALS BY REGION 2016-2018 Asia, Middle East & Africa 7% 42 Latin America 12% 75 37% 227 USA & Canada 7% Western 40 Europe Nordics 12% 74 36 118 UK & Ireland 6% 19% Central & Eastern Europe 9 IMAP Global Presence 42 450+ COUNTRIES PROFESSIONALS Argentina I Belgium I Bosnia & Herzegovina I Brazil I Canada I Chile I China I Colombia I Croatia I Czech Republic I Democratic Republic of Congo I Egypt I Finland I France I Germany I Ghana I Hungary I India I Ireland I Italy I Ivory Coast I Japan I Mauritius I Mexico I Morocco I Netherlands I Nigeria I Norway I Peru I Poland I Portugal I Russia I Senegal I Serbia I Slovakia I Slovenia I South Africa I Spain I Sweden I Turkey I United Kingdom I United States Automotive 12 Automotive Mutares AG TQ Automotive Rhiag S.p.A., part of SAG/Autonet Group Listed industrial holding Automotive solution LKQ Corporation Automotive spare parts company provider Leading distributor of SWITZERLAND GERMANY GERMANY automotive spare parts ITALY Acquired Majority Control Acquired 100% of Acquired 100% of of Business Operations Business Operations Business Operations Acquired 100% of Business Operations Wagen International Kirchhoff GmbH & GPS TUNER Kft. d.o.o Co. KG Provider of bike and Sim Impex d.o.o. Leader in automotive Manufacturer of e-bike navigation Distributor of automotive aftermarket distribution automotive locking solutions spare parts SERBIA systems HUNGARY BOSNIA AND GERMANY HERZEGOVINA Advised on Sale of Advised on Sale of Company Advised on Sale of Company Advised on Sale of Company Company Advised Wagen TQ-Systems GmbH of International, a fast-growing Listed industrial holding Germany acquired the Rhiag, part of LKQ market leader in the company Mutares acquired entire share capital of GPS Corporation, acquired Sim automotive aftermarket Kirchhoff, a manufacturer of Tuner Kft, a Budapest- Impex, a leading wholesaler distribution in Serbia, on the automotive locking systems based navigation software and retailer of automotive sale of a majority interest to and hinges. publisher. spare parts and equipment SAG/Autonet Group. for passengers and light commercial vehicles in Bosnia and Herzegovina. Rhiag is a leading European distributor of aftermarket spare parts for passenger cars and commercial vehicles in the independent aftermarket segment. 13 Vara Maskinimport Hedef Filo Yönetimi Zoeller – Kipper Vara Maskinimport AB IDB Invest - Operational fleet leasing GmbH Machine importer Interamerican company Special vehicles and SWEDEN Development Bank TURKEY equipment for waste Development financing management Acquired Majority Control UNITED STATES Acquired 100% of GERMANY of Business Operations Business Operations Provided Term Loan Acquired Majority Control Ottosson Truck AB Facility Alfa Filo of Business Operations Exclusive reseller of Fleet leasing company Hyundai forklifts in Finanzauto S.A. TURKEY FEG Brivio S.p.A. Sweden Automotive leasing Special vehicles and SWEDEN company Advised on Purchase of equipment for waste COLOMBIA Company collection Advised on Sale of ITALY Company Advised on Placement Advised Hedef Filo, one of Debt of the largest operational Advised on Sale of Vara Maskinimport, a Company fleet leasing companies in Swedish machine importer, IDB Invest, a member Turkey with 28,000 vehicles, acquired Ottosson Truck, of the Inter-American on its acquisition of Alfa Advises the shareholders the exclusive reseller of Development Bank (IDB) Filo, a leading fleet leasing of FEG Brivio, a supplier of Hyundai forklifts in Sweden. Group, provided a $15 company in Turkey. special vehicles for waste million loan to Finanzauto collection, on the sale of to expand its financing shares to Zoeller - Kipper, offer to micro, small and one of the leading suppliers medium enterprises of of lift systems and waste various economic sectors collection vehicles in in Colombia where vehicles Europe. are a work asset. 14 Automotive Automobielbedrijf Stern Groep Dubbelsteyn Vink & Evag Autobedrijf Autobedrijven Jer De Fonkert DEG / KfW Stern Groep N.V. Automobielbedrijf Development finance Leading mobility and Dubbelsteyn B.V. institutions for private automotive group BWM car dealer companies NETHERLANDS NETHERLANDS GERMANY Acquired 100% of Acquired 100% of Provided Term Loan Business Operations Business Operations Facility Vink & Evag Autobedrijf Jer De Finanzauto S.A. Autobedrijven Fonkert Automotive leasing Automotive dealer Dubbelsteyn B.V. company NETHERLANDS BMW car dealer COLOMBIA NETHERLANDS Advised on Sale of Advised on Placement Company Advised on Purchase of of Debt Company Advised Schakel Autogroep German development on the sale of car dealer Automobielbedrijf finance institution DEG/ Vink & Evag Autobedrijven Dubbelsteyn acquired KfW provided a $20 to Stern Autogroep. the entire share capital of million loan to Finanzauto Autobedrijf Jer De Fonkert, a to expand its financing used and new car dealer. offer to micro, small and medium enterprises of various economic sectors in Colombia where vehicles are a work asset. Building Products & Services 18 Building Products & Services Beijerinvest Volati CID Capital Convergint Family owned investment Industrial conglomerate Private equity fund Technologies company SWEDEN UNITED STATES Designs, installs, and SWEDEN services building systems Acquired 100% of Acquired Majority Control UNITED STATES Acquired Majority Control Business Operations of Business Operations of Business Operations Acquired 100% of Stenentreprenader i ProSource
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