Pipeline 2017-10-18- M&A – Unicorns are cool, but dragons overrule!

Sometimes we need to talk about the rubber hitting the road.  Unicorns are cool, but dragons overrule!  Here is a list of recent M&A as growth is great, but good exits are greater!

Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your i’s and crossing your t’s. As life is all about fun and results!” – JD Morris

#ProvocativeStatement “Unicorns are cool, but dragons overrule, as investors care about returns” – JD Morris

Here are your daily deal / M&A deals for today:

** China’s Ningbo Jifeng Auto Parts Co wants to increase its stake in German automotive interiors maker Grammer AG to more than 25 percent, a source with knowledge of the situation told Reuters on Tuesday.

** Trucks and construction equipment maker Volvo said on Tuesday it had decided to end a sales process for its governmental sales business due to insufficient offers.

** Opposition was growing on Tuesday to U.S. private equity firm Bain Capital’s $1.35 billion offer to buy Asatsu-DK Inc as Hong Kong-based activist hedge fund Oasis Management Co joined other shareholders in Japan’s third-largest advertising agency in calling the offer too low.

** Russia’s biggest non-state gas producer Novatek will acquire a gas producing asset from Russia-focused fertiliser producer Eurochem as part of a new strategy, Novatek’s head Leonid Mikhelson told reporters on Tuesday.

** Austria’s Schoeller-Bleckmann Oilfield Equipment will have to pay more than expected to buy the rest of U.S. unit Downhole Technology, and it will post a pre-tax loss of roughly 78 million euros ($91.6 million) in the third quarter, it said.

** China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing’s growing economic clout in the country, a senior government official said.

** Britain wants more say over deals in its military and technology sectors, as the government tries to prevent homegrown companies in sensitive industries from falling into foreign hands.

** Chinese private equity firm Hony Capital said on Tuesday it has agreed to buy a third of fashion brand Mr & Mrs Italy’s owner Duemmei, marking its first investment in the luxury industry amid a recovery in the sector.

** Brazilian steelmaker Gerdau SA could raise about 2 billion reais ($630.48 million) with the potential sale of rebar-producing facilities in the United States this year, newspaper Valor Econômico reported on Tuesday.

** Amneal Pharmaceuticals LLC is buying fellow generics drug maker Impax Laboratories Inc in an all-stock deal as a bulwark against a tough drug pricing environment.

** Software maker Synchronoss Technologies Inc said private equity firm Siris Capital Partners would buy its Intralinks Holding unit in a deal worth about $1 billion, higher than it previous offer.

** Airbus has agreed to take a majority stake in Bombardier’s troubled CSeries jetliner programme, securing the plane’s future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing.

** China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s biggest oil producer on the stock market.

** Facebook Inc has acquired tbh, an app popular among teens, as the world’s largest social network looks to attract more users. #JDloves #DealofDay


** Australia and New Zealand Banking Group Ltd said on Tuesday it is selling its pensions and investments business to IOOF Holdings in a A$975 million ($765 million) deal.

** China Foods Ltd said it would sell its wine and other non-beverage businesses to a unit of its state-owned parent COFCO Corp in a deal valued at HK$5.07 billion ($649 million) as it aims to focus on its beverage business. (Compiled by Vibhuti Sharma and Uday Sampath in Bengaluru)

DISCLAIMER:  This information is provided by AP, Bloomberg, Forbes, Fortune,  preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources.  Please check with the company website as this a beta blog and will not be updated

Happy Networking and Investing,

JD Morris, Your Host for Investor Network



Author: JDM

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