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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

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

It appears many buyers are once again attempting to bag bargain acquisitions by exploiting business owners blinded by multi-million pound cheques and disadvantaged by a lack of advice from a seasoned M&A professional. Such behaviour is becoming increasingly common as corporate and financial buyers seek to avoid the increasingly competitive atmosphere surrounding deals, which typically drives values higher. One of our most recent deals, the sale of Hi-Tech Products Limited to Siegwerk,… Read More

This week, PetSmart announced its intention to acquire fast-growing pet food and product site Chewy.com in a deal alleged to fetch $3.35 billion, surpassing Walmart’s $3.3 billion purchase of Jet.com to become the biggest e-commerce deal ever. What makes the deal even more interesting is that traditional bricks-and-mortar retailer PetSmart was itself valued at just $8.7 billion in 2015 when it was taken over by private investors. Despite this, it’s clear to… Read More

Following months of speculation, it was confirmed last week that US cereal giant Post Holdings is to acquire British cereal company Weetabix in a deal worth £1.4 billion. Rumours of acquisition started after Weetabix owners Bright Food and Baring Private Equity Asia put the business up for sale earlier this year. It follows what has been a hugely successful year for Weetabix in which its grew UK market share for cereals 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

In a move announced on 5th April 2017 and comes hot on the heels of last month’s high profile DowDuPont mega-merger, valued at $130bn, ChemChina has won conditional EU antitrust approval for its $43 billion bid for Syngenta, a Swiss pesticides and seeds group. The deal, expected to close in the second quarter of 2017, is another recent acquisition that is set to redefine the global agricultural chemicals market. The takeover gives… 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