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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

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

New York design house of modern luxury accessories and lifestyle brands, Coach Inc has acquired its rival Kate Spade & Company for $2.4 billion, a figure “not justified strictly by the numbers” according to the New York Times. The deal figure represents a 27.5 per cent premium on the share price of Kate Space before talk of a deal emerged in December. Coach’s chief executive Victor Luis has promised to only cut… Read More

Apple has hit the headlines this week with the media speculating whether or not they are set for a mammoth acquisition due to its significant and ever-growing stash of cash. It’s estimated that the tech giant holds somewhere in the region of a quarter-trillion dollars that it could use to snap up another business or two. Amongst the potential acquisition targets is Netflix and Tesla Motors, with both brands making a lot… Read More

This week it was announced SiriusXM would acquire San Francisco-based connected car company Automatic Labs Inc. in a deal worth $100 million, according to TechCrunch. The acquisition brings together two giants in the connected car industry with Automatic’s data driven platform providing drivers with vehicle diagnostic alerts, emergency crash assistance, fuel monitoring, access to parting information and live vehicle location tracking, joining SiriusXM which offers leading, commercial-free audio entertainment and data services… Read More

According to a recent report, UK companies are braced for a surge in deal-making this year, as executives prepare their businesses for life away from the European Union. Accountancy juggernaut Ernst & Young found that 51% of UK firms expect to actively pursue mergers and acquisitions within the next 12 months, a rise of three percent from October 2016, but slightly lagging behind the global figure of 56%. Despite the backdrop of… Read More

After several weeks of speculation, it has been announced that global lab testing specialist Exova has accepted an all-cash takeover from its industry rival Element Materials Technology Group. The deal, worth a reported £620 million, will see Element pay £2.40 per share to all investors in Exova. This represents a 10.7 per cent premium to the stock’s closing price on March 24 before Exova entered into discussions with potential buyers. It was… Read More

In the biggest deal of the company’s 120-year history, medical device giant Becton, Dickinson & Company has announced its acquisition of C.R. Bard for $24 billion. The cash and stock deal will see Bard shareholders receive $222.93 in cash and 0.5077 shares of Becton Dickinson stock per Bard share, or $317 per Bard share based on Becton Dickinson’s closing price of $185.29. The acquisition means Becton Dickinson’s portfolio, currently comprising syringes and… Read More

7-Eleven Inc, the premier name and largest chain in the convenience-retailing industry, recently announced that it has entered into an asset purchase agreement with Sunoco LP. As part of the agreement, 7-Eleven will acquire approximately 1,108 convenience stores located in 18 states. The acquisition of Sunoco’s gasoline convenience stores sees an increased investment from the Japanese retail store owner Seven & i Holdings Co in the US. This is Seven & i’s… Read More

Benchmark International is pleased to announce the sale of Label Express Limited to Lynx Equity, a world-renowned manager of private equity funds based in Canada with a diversified portfolio of companies throughout North America. For the past decade Lynx Equity has focused on 100% acquisitions of old-economy, North American businesses, before entering into the European market at the beginning of 2017.  Benchmark International assisted Lynx Equity with the successful acquisition of London-based… Read More

Benchmark International are pleased to announce that a deal has been agreed for the sale of Scan Alarms & Security Systems Limited to Secom PLC. As a privately owned company, Scan Alarms & Security Systems Limited pride themselves on delivering an exemplary service to all of their clients. Their business policies embrace the concepts of quality, perfection, progress and results. Each member of their team is committed to the attainment of these… Read More

Benchmark International are pleased to announce that a deal between Hi-Tech Products Limited and Siegwerk has been agreed. Hi-Tech Products Limited was formed in 2004 by Wade and Helen Brealey. With 25 years previous experience managing another UK Ink company and working in the New Zealand and Australian Ink industry they decided to put that experience to good use. The company had clear goals and targets, so it grew very rapidly. Year… Read More

Benchmark International is pleased to have advised on an agreed deal for the sale of Middletons Hotel Limited to Thwaites PLC. Middletons Hotel is a 56-bedroom property spread over six historic, Grade II Listed Buildings and has been built up by a local family over the past 40 years. After York Minster, it is the largest single property within York City Walls and its garden site is a quiet haven only a… Read More

Market trends mean that deal analysts can typically anticipate which mega-merger is on the cards, or which up-and-coming business is likely to be snapped up by a bigger company. But there are times when M&A announcements come as a real surprise to the industry. Some deals seem so strange that even industry experts expect them to fail. Last year, for example, London-based games developer Splash Damage was bought by Chinese chicken supplier… Read More

Benchmark International is pleased to announce the sale of Vitanium Systems Limited to Lane Telecommunications. Vitanium Systems Limited (VSL) are a privately owned company delivering Enterprise Cloud Backup & Cloud Email services to business. Established in 1999, VSL have built a loyal direct customer base and a large re-seller network, with their customers represented within a wide range of market sectors and business sizes. By adopting a consultative approach VSL provide a… Read More

Following President Donald Trump’s inauguration in January, he appointed the then-Commissioner of the Federal Communications Commission (FCC) Ajit Pai as the Commission’s Chairman. Pai has served as Commissioner since his appointment by President Obama in 2012, however industry experts predict that Pai’s new role as Chairman spells a positive outlook for M&A in the telecoms sector. A number of these industry commentators have characterised the Obama administration as being a blocker to… Read More

It’s no secret that Walmart has grand plans to muscle in on some of Amazon’s online retail market share and it seems the US retail giant has edged closer with the acquisition of ModCloth. The purchase of the vintage-style clothing retailer was made by Walmart’s ecommerce business Jet for an undisclosed sum, although industry sources believe ModCloth would have been lucky to get around the $80 million it had previously raised from… Read More

Pinterest, the photo sharing site, has announced this week its acquisition of Jelly, the Q&A app founded by Biz Stone, cofounder of Twitter, in 2013. Jelly officially launched in 2014 and received a disappointing reception. Stone and fellow Jelly cofounder Ben Finkel subsequently changed directions by launching photo app Super before relaunching Jelly again in 2016. The latest iteration of the app repurposed the Q&A format as a search engine, but like… Read More

The announcement in December of last year that Rupert Murdoch’s 21st Century Fox was positioned for a full takeover of Sky was hardly one of the most popular deal announcements of 2016, and most certainly the least surprising. The £11.7bn bid has proved to be a contentious one, and Murdoch and co. have now reached one of their first major hurdles in the deal process in the form of competition authorities. Fox… Read More