We recently advised Recochem Inc., a portfolio company of CapVest, on their acquisition of KIK Consumer Products' Auto Care business. KIK is a portfolio company of Centerbridge Partners, L.P. KIK's Auto Care business is comprised of Prestone in North America and Holts in the U.K. They develop, manufacture, and market antifreeze/coolant and other essential automotive fluids and car appearance products in North America and other key international markets. We are looking forward to following their continued success. https://lnkd.in/e4u_KyNk #mergersandacquisitions Joe Conner, Elliott Yousefian, Christopher Flight
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Director at Oceania Horizon | Driving Operational Excellence in the Maritime Industry | President of Mission to Seafarers Brisbane
Numerous noteworthy insights are contained in this prospectus that warrant a thorough examination by those qualified to invest, but a few to note in the interim on one market Australia. In 2021, there were 26,400 ship port arrivals recorded by AMSA. According to a submission by Svitzer B2022/1726, over 90% of vessels calling at the Relevant Ports necessitate one or more tugboats for navigation assistance. Assuming an average of two tugboats per port arrival, including instances where multiple tugs are utilized for larger vessels, the following calculations could arise: 90% of 26,400 ship port movements equals 23,760 port arrivals requiring tug assistance. With an estimated two tugs per port arrival and an average interval of every three hours, this results in 47,520 chargeable movements for entry. Double this amount for departure. If we assume the same number of tugs is used that equals 95040 tug movements. Svitzer's claim of completing 50,000 tug movements annually on their Australian website positions them with a purported 52% market share on the above calculations. To note in their submission to the FWC asserts a 100% market share in the relevant ports, totaling 17 ports across Australia. The gross revenue in this document stands at $445 million AUD, with that contributing 34.6% (rounded) Of Svitzer's revenue; so a healthy contribution from one island. Based on movements and assuming the same tug charges for each movement then the Australian Tug market for harbour towage is in the region of $855 Million. The Compound Annual Revenue Growth (CARG) is estimated at 4.6%. therefore, it's assumed it could become a billion-dollar market in 2026. Interesting why there is so much movement in this sector, eclipsing the maritime pilotage market. There is money in them shackles. https://lnkd.in/gMHvnusd https://lnkd.in/gHzyTim7 The views expressed in this post are solely those of the author and do not necessarily reflect the views of any organization. Past performance is not indicative of future results. Always consider your own financial situation and risk tolerance before investing.
Today, Svitzer A/S (Svitzer) has published a prospectus forming the basis for admission to trading and official listing of the shares of Svitzer Group A/S (Svitzer Group) on Nasdaq Copenhagen, following the expected demerger of A.P. Møller - Mærsk A/S’ (APMM) towage and marine services activities. The demerger is subject to approval at APMM’s Extraordinary General Meeting convened to be held on 26 April 2024. Read the full press release at the link below 👇 #Svitzer
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Our thanks to Sean Pollock at the Irish Independent (Sunday) for sitting down with Neil Hosty to talk about Fexco's future forward-looking growth strategy, to continue to build on its growth through innovation, increased organic growth and strategic merger and acquisition activity. You can read the full piece below 👇 #Fexco #FinancialServices #Innovation #GrowthStrategy
Kerry-based Fexco Group has built up war chest for M&A action
independent.ie
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SPAC Feed: Why VinFast Auto Stock Is Soaring This Week The Motley Fool Source: Why VinFast Auto Stock Is Soaring This Week –… - https://lnkd.in/eSCmW-D6 #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business
Why VinFast Auto Stock Is Soaring This Week – The Motley Fool
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NEWS OF THE DAY! Brady Corp's Bold $133 Million Gravotech Acquisition Set to Transform Product Identification Landscape 1. Brady Corp. (BRC) is in exclusive negotiations to acquire Gravotech Holding for around 123 million euros or $133 million. 2. The acquisition will be financed using cash reserves and borrowings from existing credit agreements. 3. Gravotech's specialized direct part marking and engraving capabilities will complement Brady's product identification offerings. 4. The deal is expected to close by the end of Brady's fiscal year ending July 31, 2024, pending completion of French legal processes and regulatory approvals. 5. Excluding acquisition costs, Brady anticipates the deal to have minimal impact on earnings per diluted share for the remainder of the fiscal year. =>Please follow Finplate and stay updated with the latest #mergersandacquisitions news. Thanks in advance. To read the news in detail, click below: https://lnkd.in/gvFaeQVc
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Wolf Popper LLP is Investigating Whether the Sale of R1 RCM Inc. (NASDAQ: $RCM) Is Fair to Shareholders #joinclassaction #joinclassactions #corporatetransactional #classactionsettlement #securitieslitigation #leadplaintiff #ClassActionLawsuit #securitiesclassaction #classactions #shareholderactivism #lawfirm Link in Comments
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SPAC Feed: Morgan Lewis Advises KME SE on De-SPAC Agreement for Cunova’s Special Product Business Morgan Lewis Source: Morgan Lewis Advises KME SE… - https://lnkd.in/eDtnbeeU #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business
Morgan Lewis Advises KME SE on De-SPAC Agreement for Cunova's Special Product Business – Morgan Lewis
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Whether by airliner, corporate jet or single-engine Cirrus, we do what we have to do to get in front of prospects for our buy-side clients. Making the human connection—no matter where they are—has made the difference in creating opportunities for clients with prospects who are not for sale. Ninety percent of our closed buy-side transactions have been with companies not in an active sale process. Learn more > https://bit.ly/46BJtaX #medtech #mergersandacquisition #KinsellaApproach
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HORNE Capital successfully facilitated the sale of Automated Mechanical to Kelso Industries. Damon Shuman, President of Automated Mechanical, shares his positive experience: "HORNE Capital truly had our best interests at heart. They provided honest guidance throughout the process." Read more about this strategic partnership in our latest article. 👉 https://lnkd.in/eKJxc4MV #MergersAndAcquisitions #BusinessPartnership #FinancialAdvisory #SuccessStory
HORNE Capital, advisor in Automated Mechanical’s sale to Kelso
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Fair, a USA-based vehicle breakdown protection startup, raised $1.44M in Pre-Seed funding. The round was led by Blue Collective, Antler, and Redbud VC. The company intends to use the funds to further develop its technology and expand its market presence. Led by CEO Will Betteridge, Fair is a tech company dedicated to empowering the vehicle breakdown protection industry by offering comprehensive coverage, reputable repairs, and flexible service. Its vehicle service plans are designed to mitigate repair costs due to mechanical failures, including roadside assistance and support for unexpected breakdowns. The company provides coverage for replacement parts and systems such as powertrain, electronic, and mechanical components, with a flat $100 deductible for covered repairs. Fair’s platform boasts over $8 million potential Annual Recurring Revenue (ARR) in its current pipeline. https://lnkd.in/ezpvP68U #EmbeddedInsurance #OpenInsurance #InsurTech #Insurance #Funding
Fair Raises $1.44M in Pre-Seed Funding Round
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What does Marex's recent acquisition of Cowen's prime brokerage and outsourced trading mean for clients? Watch Paolo Tonucci, Michael Rosen and Jack Seibald come together to discuss the value of this transaction, what Marex brings to the table, and how it benefits clients. #CapitalMarkets #PrimeBrokerage #OutsourcedTrading #FinancialServices #TeamMarex #Marex #Acquisition #Teamwork https://lnkd.in/e77hwnWU
Marex prime brokerage - benefits to clients
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