asx.com.au (PDF) - GetSwift, a leading provider of SaaS logistics technology, has acquired a majority stake in Logo d.o.o., an Information and Communications technology firm. Under the terms of the transaction, GetSwift acquisition consideration for a majority stake in the share capital of Logo is EUR 5.5m in cash. Dentons acted as legal advisor to GetSwift on this transaction.
theaustralian.com.au - Next Capital could delay plans to sell Lynch Group, an Australian flower supplier, if it looks like the coronavirus will impact the process, according to The Australian. The sale was expected to begin around March. Lynch Group has a floral propagation and growing facility in Kunming, China. According to a previous report, Lynch Group has about 500 employees in Australia and about 500 in China.
There is also concern about the impact on Australia’s tourism sector connected to the coronavirus. It will no doubt be a key point of interest for executives at BGH Capital and Pacific Equity Partners as they both weigh a takeover of Village Roadshow.
mergermarket.com - Fibonacci Coffee Group, a privately held Australian coffee chain, is looking to make a domestic acquisition, founder and CEO Boaz Keeda said. The Sydney-based company, which runs a chain of around 20 coffee kiosks and cafes in Australia, mostly in New South Wales and Queensland, wants to buy another coffee group in Australia to accelerate domestic growth. Fibonacci Coffee was founded in 2000 and has annual revenue of more than AUD 5m (USD 3.3m) per year. Australia’s coffee industry comprises more than 23,000 businesses, with the total market worth around AUD 10bn.
afr.com - Australian chemicals and water treatment business Ixom is preparing to make its first acquisition in the United States. AFR's Street Talk understands the Keppel Infrastructure Trust-owned Ixom is about to purchase US water treatment business Medora Environmental for about $US24 million. Medora provides water management solutions to businesses in sectors like mining, agriculture, energy and manufacturing. Ixom is the market leader in water treatment in Australia and New Zealand, as well as a chemicals distributor.
This Week's Deal
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
Management Advisors was established in 1995 and offers corporate advisory services, creates investment opportunities and raises finance from the capital markets to facilitate transactions. We work with owners, boards and management on a fee for service basis (advisory and completion) to deliver our services.