Benchmark International

Archives

It seems as though every other day, the headlines announce a new acquisition among major retailers. The giants in the industry are diversifying their products, sucking up more stock, and building mighty kingdoms that boutique and small business owners can’t even throw stones at. How can these smaller businesses possibly compete? First, take a look at what’s happening… It was recently announced that Michael Kors would acquire the Jimmy Choo brand for $1.17 billion…. Read More

Disclosure schedules are an integral part of any merger or acquisition (M&A) transaction. They contain information required by the acquisition agreement—typically a listing of important contracts, intellectual property, employee information, and other materials as well as exceptions or qualifications to the detailed representations and warranties of the selling company contained in the acquisition agreement. An incorrect or incomplete disclosure schedule could result in a breach of the acquisition agreement and possible significant… Read More

Timing is, without doubt, one of the most critical factors in mergers and acquisitions; a recent report found that it is, in fact, the single most reliable predictor in terms of creating real shareholder value. But why is timing so crucial? Think Macro! Acquiring a company is a risk that’s ultimately taken based on the health or otherwise of economies – and we’re talking about macro-economies here, looking way beyond the company… Read More

ROC Northwest are a residential care, domiciliary care and educational care service provider for young people with Autistic Spectrum Disorders, learning, physical disabilities and complex needs with associated challenging behaviour and young people with SEBD. Community inclusion and participation enhance and enrich young people’s lives both educationally and socially. ROC offer exceptional, individual quality environments that put young people at the centre of the programmes they operate. Speaking about the deal, Benchmark… Read More

Entrepreneurs, by nature, are people who spend a considerable amount of time looking for the next opportunity. And for them, ‘the next opportunity’ often includes a suitable time to sell their company. But what, practically, are the most common reasons for sale? 1. Business Value vs Liquidity Getting hold of liquidity in your company is a valuable opportunity, because while there is always value in a business, there is no real liquidity… Read More

Benchmark International has recently opened a new office in Cape Town, South Africa (see 3rd July blog post), headed up by Andre Bresler and Dustin Graham. This is an exciting development for Benchmark International, in a dynamic evolving market. South Africa is a core strategic market for any global M&A team, as the country is the conduit for more than half of M&A activity across the African continent. In South Africa itself,… Read More

French rental car company, Europcar has made its fourth acquisition of the year in the form of Europe’s largest low-cost car rental agency, Goldcar. Europcar announced in December that it was looking to spend up to €500 million on franchised companies, car sharing services or local rivals within the car rental sector in order to achieve its ambitious growth targets and remain competitive. Caroline Parot, Europcar chief executive, commented that the acquisition… Read More

California-based Hewlett Packard Enterprise has been busy bolstering its portfolio to stay ahead in cloud computing, with even more acquisitions on the horizon. This year, the company revealed purchases worth more than $1.5 billion and is looking to boost demand for server and storage products in order to stay ahead of competitors, such as Dell and Amazon.com. These recent acquisitions come after CEO, Meg Whitman, split the computer and printer business and… Read More

Britain’s Competition and Markets Authority (CMA) has given the go-ahead for the £11 billion merger of Scotland-based asset management companies Standard Life and Aberdeen Asset Management. Stating that it had decided not to refer the merger to a second phase in-depth investigation, the CMA has made way for the formation of Europe’s second largest fund manager and a global top 25 player, with £660 billion assets under management. The CMA began a… Read More

RPC, the international design and engineering company, has cited recent acquisitions in the last financial year as key factor in its profits more than doubling. Established in 1991, the UK-based specialist in polymer conversion in packaging and non-packaging markets has spent in excess of £1.3 billion on acquisitions since December 2015, which grew revenues by 67 per cent to £2.7 billion in the year to March 31. Recent acquisitions of French bottle-top… Read More

Benchmark International is proud to announce that it has, once again, been named ‘International Mid-Market Corporate Finance Adviser of the Year’ at the annual ACQ Global Awards. This is an especially proud moment for Benchmark International as it marks the third time that it has secured this prestigious award, having previously won in 2014 and 2015. Since 2006, the ACQ Global Awards have celebrated the achievements, innovation and brilliance of industry leaders,… Read More

A Manchester-based M&A specialist has expanded into South Africa with the opening of an office in Cape Town. Benchmark International already has a significant presence in both the UK and North America, with its original Manchester base having been joined by offices in Oxford, New York, Tampa, Austin and Nashville. Its Cape Town office will be headed up by Andre Bresler and Dustin Graham. Bresler, South Africa managing director, said: “This is a… Read More

After years of approaches, US-based Huntsman Corp and Switzerland’s Clariant AG have announced that they will merge to create a chemicals manufacturer worth more than $14 billion. Last year, it was reported that talks had broken down between the two over a disagreement of who would play the lead role; however, a statement from Clariant AG announced that the deal will create a global specialty chemicals company that is 52 per cent… Read More

Amazon has announced it will acquire upmarket grocer, Whole Foods Market Inc, for $13.7 billion in a deal that includes the company’s debt. Expected to close late 2017, the deal will not only be the largest in the online retailer’s history, but also a major step in expanding into bricks-and-mortar retail.   Founded in 1978 in Texas, Whole Foods Market has been a pioneer of natural and organic foods, and, today, boasts… Read More

Last week it was announced that German chemicals giant Linde have signed a formal agreement for a €70bn deal with US industrial gases company Praxair, despite worker representatives opposing the merger. While industry analysts believe too much time has been invested for the deal not to be finalised, anxiety over job losses caused Linde to miss their deadline at a recent shareholder meeting. Aldo Belloni, who came out of retirement to become… Read More

American computing giant Microsoft continues to expand its acquisitions of Israeli-based software companies, with a reported $100 million deal for cybersecurity start-up Hexadite. Founded in Tel Aviv and now based out of Boston MA, Hexadite deals in cyberattacks and mitigating damage to systems through machine learning, which helps its clients increase productivity and reduce costs. The software can easily be added to existing firewall solutions, making it simple for Microsoft to integrate… Read More

Following news last week that Apple had completed a deal to acquire sleep-tracking device company Beddit, the tech behemoth has completed yet another acquisition in the form of Lattice.io. In a higher profile deal than Beddit, Apple revealed it had acquired the artificial intelligence and machine learning start-up, which takes dark data and turns it into useable information. While no official information was released as to the value of the deal, it’s… Read More

Following our report last month on the $130bn mega-merger between US chemical giants Dow Chemical and DuPont, a new deal has announced the creation of a chemicals giant with a market value of approx $14 billion.  This latest high-profile transaction across the diversified chemicals sector sees companies are striking ever more aggressive deals to find new ways to slash costs and gain greater scale of their segments, typifying the current market trend… Read More

Italy’s largest coffee group by sales, Lavazza now have the capacity to spend up to €2bn on acquisitions to further its global ambitions within a strong industry dominated by Nestlé and JAB of Switzerland. Lavazza Chief executive, Antonio Baravalle said: “If we want to be independent in this big consolidation process, there is only one possibility – to grow. Either you sell or you grow, there is no other alternative.” Mr Baravalle… Read More

Last week it was revealed that Apple had completed a low-key deal to acquire Beddit, a Finnish company that makes sleep-tracking devices compatible with apps for both iOS and the Apple Watch. News of the acquisition was broken by CNBC which reported that the privacy section of the Beddit website had been updated to note the deal and confirm that all consumer data is now subject to Apple’s own privacy policy. Beddit… Read More