M&A Newsletter - Wednesday 05/02/2020
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This newsletter contains a selection of today's top M&A related articles and blog posts from leading industry sources both nationally and globally.
Published by
Nick Farnan, Managing Director
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finance.yahoo.com - Convergint Technologies, an Illinois-based systems integration company backed by Ares Management, has acquired Cerberus Technologies, a systems integrator based in Perth, Australia. Financial details were not disclosed. Convergint Technologies has 3,400 employees in locations throughout North America, Asia Pacific and the UK.
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ryco.com.au - Manuli Rubber Industries (MRI), headquartered in Milan, and RYCO Hydraulics, headquartered in Melbourne, announced that MRI has completed the acquisition of a majority shareholding in RYCO. MRI will merge its wholly owned Manuli Hydraulics and Fluiconnecto divisions with RYCO to be a leader in the global hydraulic hose and fittings industry. Combined they will have over 4,500 employees. Manuli Rubber Industries was advised by William Blair & Company, while RYCO was advised by Deloitte Financial Advisory.
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sibelco.com - German-based Refratechnik Group has acquired Australia-based QMAG Limited from Belgian company Sibelco. The deal value was undisclosed. According to the report, QMAG was reportedly valued at AUD 300m (USD 212m) in 2012. QMAG has nearly 150 employees. Sibelco's operations, which are centred on a mine and processing plant close to Rockhampton in Australia, currently employ close to 150 people.
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afr.com - AFR's Street Talk has reported that Next Capital has acquired a 51% stake in TM Insight (TMI) for approximately AUD 60m (USD 40m). TMI is an Australia-based supply chain, and property and project management consultancy. TMI has 50 staff across four offices in Sydney, Melbourne, Brisbane and Singapore, and works with clients including BMW, Kathmandu, Woolworths, Asahi and Bunnings to streamline their supply chains.
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For Sale: Distillery Business
With over 30 years of history this family owned and operated business is one of the most successful manufacturers and national distributors of preservative free wines, fortified wines, liqueurs, spirits and beer. The owners are now looking toward retirement, this opportunity presents a turnkey business, all the hard work and capital investment have been made. The purchaser has the option to continue to run the business in the current way or expand and diversify the product offering both nationally and internationally.
Revenue $1,500,000 Annual Profit $700,000
Interested parties can contact Nick Farnan
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