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Transactions


CFI focuses on middle market transactions.
Deal sizes range from approximately EUR 10 million to EUR 500 million.

Click on header to sort by location, company, year, transaction type, and sector.

  LOCATION                                                COMPANY                                                 YEAR                         TRANSACTION TYPE                  SECTOR                                      
 Canada  Sotawall  2017  Sale  Real Estate

has been acquired by

the undersigned served as exclusive financial advisor to the seller

Apogee Enterprises, Inc. is a leader in technologies involving the design and development of value-added glass products and services has completed the acquisition of Sotawall Inc., for approximately CAD$180 million.
 
Sotawall, headquartered in Brampton, ON, is a leading designer and fabricator of high-performance, unitized curtainwall systems for commercial construction projects in North America.
 
The newly acquired business will represent an eighth independent operating unit in the Apogee portfolio and report as part of the architectural framing systems segment.
 France  DCNS Energies  2017  Capital raising  Industrials

has been formed through financing from

the undersigned served as co-financial advisor to DCNS in this fund raising

DCNS, the European leader in naval defence and the SPI fund (“Société de Projets Industriels” / Industrial Projects Company), financed by the “Programme d’Investissements d’Avenir” (Investments Programme for the Future) and managed by Bpifrance, completed the creation of DCNS Energies, a new industrial player in Marine Renewable Energies, which is also supported by Technip Group and BNP Paribas Development. 
 
DCNS Energies, majority owned by DCNS and 36% by the SPI fund (“Société de Projets Industriels” / Industrial Projects Company) of Bpifrance, will devote its activity to the industrial and commercial development of three technologies for the production of electricity from Marine Renewable Energies (MRE): tidal turbine power that uses the kinetic energy of sea currents, Ocean Thermal Energy Conversion (OTEC) and offshore wind energy via semi-submersible floats. DCNS Energies positions itself as a turnkey constructor of MRE plants for the French and export markets.
 
The new company intends to mature these three MRE technologies before moving on to the industrial phase in the near future. It will be backed by a sound industrial partnership through the stake in the company acquired by Technip, which will bring its expertise in the engineering and management of complex projects in the marine environment. Confident in the prospects of the company, BNP Paribas Développement has joined the pool.
 Netherlands  brightONE  2017  Sale  Business Services

has been sold to

the undersigned served as exclusive financial advisor to the seller

Aurelius Equity Opportunities SE & Co KGaA has sold brightONE IT Services B.V. to CRM Partners Group B.V.
 
Aurelius is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Aurelius Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the Aurelius Group that focuses on investing in Special Situations and MidMarket transaction opportunities. Aurelius Equity Opportunities currently has 23 portfolio companies located across Europe which jointly employ around 23,000 people and generate annual revenues of approximately EUR 3.0 billion. The shares of Aurelius Equity Opportunities are traded on all Germans stock exchanges with a market capitalization of about EUR 1.8 billion as of December 2016.
 
With over 20 years of experience, brightONE Netherlands is the front-runner in improving interactions between organisations and their end-customers. It offers a wide range of services, including consulting, implementation, and managed services relating to customer interaction software, proactive chat, social media solutions and Omni channel CRM-platforms. They are a respected partner of and work side-by-side with leading technology vendors such as Microsoft (Dynamics CRM), LivePerson and Thunderhead.
 
With a history of various ownerships, including Gilde IT Fund, KPN and TietoEnator, brightONE Netherlands became part of the brightONE group, following Aurelius’ acquisition of the German, Dutch, Polish and Indian activities of the Finnish-based Tieto Group in July 2013. Aurelius has since then supported the group in its reorientation as a provider of innovative IT and engineering solutions in the industries of automotive, banking, energy, healthcare, high-tech, insurance and telecom.
 
 United States  Flint Auto Auction  2017  Sale  Business Services

has been sold to

the undersigned served as exclusive financial advisor to the seller

Flint Auto Auction of Flint, Michigan, a whole car auction, has been sold to KAR Auction Service Carmel, Indiana. 
 
Founded in 1953 and located just northwest of the Detroit metropolitan area, Flint Auto Auction is a fully automated, eight-lane auction on 60 acres of land. It offers full-service reconditioning facilities, including a body shop and mechanical shop. The auction hosts factory, fleet and dealer sales each Wednesday and has received multiple industry recognitions based on service and performance. It earned the SmartAuction Mid-Stream Auction of the Year award for Ally Financial multiple times in recent years. U.S. Bank honored the auction with its Director's Award for 2013, and it was named auction of the year for General Motors in 2007 and 2008. 
 
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with over 17,000 employees and 300 locations. Together, KAR's complementary businesses provide support, technology and logistics for the used vehicle industry.
 United Kingdom  Bluestone National Park Resort  2017  Debt advisory  Real Estate

recieved £20M debt funding provided by

the undersigned acted as lead advisor to management of Bluestone National Park Resort

Bluestone National Park Resort is a leading Welsh 5-star tourist destination in Pembrokeshire comprising of luxury lodges, cottages and studio apartments set around a private village that includes a spa, waterpark, shops, a pub, restaurants and activities for all ages.
 
Frank Holmes structured the deal on behalf of management having advised the management team for 16 years during which he also led in arranging the initial construction funding, further development capital and a leveraged buyout from institutional investors, with cumulative funding of over £200m.
 Hungary  Bicycle Industry Group  2017  Acquisition  Consumer Goods

has been acquired by

the undersigned served as exclusive financial advisor to the buyers

Neuzer is operating one of the largest bike production facilities in the CEE region. Neuzer’s strategy is to create forward integration situations which can support and secure its position on the market. This strategic approach can also bring closer the retailers and the production company.
 
BIG Bicycle Group is a significant player on the bike wholesale market in the Netherlands, Belgium, Germany and Austria. BIG was looking for an integration opportunity as well to be more flexible and competitive.
 
This acquisition provides the demanded strategic upsides to both parties.
 Netherlands  Eliantie  2017  Sale  Business Services

has been acquired by

the undersigned served as exclusive financial advisor to the seller

ProData Consult A/S (Prodata Consult) acquired E'liantie B.V. (E'liantie). 

Eliantie provides high-end IT professionals with expertise and knowledge in the fields of IT infrastructure, software development and testing. 

ProData Consult is the leading business and IT consultancy firm in Denmark, headquartered in Copenhagen, and with locations in Sweden, Norway, Germany, Poland and the Netherlands with more than 800 active consultants. The acquisition of Eliantie in January 2017 follows the earlier acquisition of a Danish/Swedish competitor, Raft Consulting, in 2016 and the greenfield operation in Munich, Germany in 2015. ProData Consult generates revenues in excess of EUR 90 million.
 Netherlands  Magna Tyres  2017  Acquisition  Industrials

has acquired

the undersigned served as exclusive financial advisor to the buyer

 United States  Abednego Environmental Services  2017  Sale  Business Services

has been acquired by

the undersigned served as exclusive financial advisor to the seller

PMCF served as exclusive financial advisor to Abednego Environmental Services LLC, a Michigan limited liability company (“Abednego”) in a sale to Nalco Company LLC, a subsidiary of Ecolab Inc. (NYSE: ECL).
 
Abednego was approached by Nalco regarding a possible acquisition.  PMCF subsequently led the sale process with Nalco and was actively involved in all facets of the transaction.  Unique considerations related to this sale included union withdrawal and the associated pension withdrawal liability; and the related necessity to carve out the Canadian operations to remain with the sellers as a separate Newco.
 Switzerland  Buhler Quality Yarns Corp.  2017  Sale  Industrials

has been acquired by

the undersigned served as exclusive financial advisor to the seller

As of 20th March 2017, Switzerland-based Hermann Bühler AG, has successfully completed the sale of its US subsidiary Buhler Quality Yarns Corp. to South Korean Samil Spinning Co., Ltd. The transaction was structured as an 100% all-cash share-deal. Closing of the transaction is expected to take place at the end of April 2017. Both companies have agreed not to disclose details of the transaction.

For Samil Spinning Co., Buhler Quality Yarns Corp. is a highly valuable strategic addition to broaden its global footprint, further establish its business in the US market and increase their client portfolio characterized by well-known companies in North and Central American markets.  It is Samil’s intention to build on Buhler Quality Yarns’ full product portfolio through targeted investments at Buhler’s manufacturing facility.
As one of the main players in the North American yarn market and with a well-established international distribution network, Buhler Quality Yarns will provide Samil Spinning a Western Hemisphere manufacturing base through its spinning facility in Jefferson, Georgia.

Hermann Bühler AG was advised by Helbling Business Advisors AG (Zurich, Switzerland) and law firm Smith, Gambrell & Russell, LLP (Atlanta, USA).

Samil Spinning Co., Ltd. was advised by KOTRA (Korea Trade-Investment Promotion Agency, Seoul, South Korea) and laws firm Miller & Martin PLLC (Atlanta, USA) and Yulchon LLC (Seoul, Korea).
 France  L Occitane Group  2017  Sale  Consumer Goods

sold its Le Couvent Des Minimes brand to

the undersigned served as exclusive financial advisor to the seller

L'Occitane Group sold its Le Couvent Des Minimes brand to HLD Group and Mr. Didier Tabary, President of Laboratoires Filorqa and SVR. 

Le Couvent des Minimes brand was created by L'Occitane Group in 2004, and is currently marketed in 15 countries, mainly through selective distribution channels (pharmacies and perfumeries). lnspired by plant-based skincare and well-being recipes, the brand's star products are its Gardener's Hand Healer and Hiker's Fooi Healer, along with its colognes. 
 Italy  Cellino Group  2017  Joint venture  Industrials

has merged with

the undersigned served as exclusive financial advisor to Cellino Group

 Canada  ORTECH Consulting  2017  Sale  Business Services

has been acquired by

the undersigned served as exclusive financial advisor to the seller

CFI Canada announces the sale of ORTECH Consulting Inc. (“ORTECH”), a provider of Green House Gas (“GHG”) reporting, air quality testing, emission testing and renewable energy/power consulting, to Kontrol Energy Corp (“Kontrol”). CCC Investment Banking served as the financial advisor to ORTECH.
 
ORTECH has a 20-year successful operating history and is recognized as a leader in the Ontario air quality and emission testing market. http://www.ortechconsulting.com/
 
Kontrol provides market-based energy solutions to customers, designed to reduce their overall cost of energy while providing a corresponding reduction in Green House Gas (GHG) emissions. http://kontrolenergy.com
 United States  Plas-Pak Industries  2017  Sale  Industrials

has been acquired by

the undersigned served as exclusive financial advisor to the seller

CFI USA is pleased to announce the sale of privately held Plas-Pak Industries, Inc. (“Plas-Pak”) to Nordson Corporation (“Nordson”, Nasdaq: NDSN).  Plas-Pak, based in Norwich, Connecticut, is a designer and manufacturer of injection molded, single-use plastic dispensing and packaging products including two-component (2K) cartridges for industrial and commercial do-it-yourself (DIY) adhesives, Dial-a-Dose calibrated syringes for veterinary and animal health applications, and specialty syringes for pesticide, dental and other markets.
 United States  Keystone Aniline Corporation  2017  Sale  Industrials

has been sold to

the undersigned served as exclusive financial advisor to the seller

CFI United States is pleased to announce that it served as the exclusive financial advisor to Keystone Aniline Corporation and its Keystone Europe Limited subsidiary (collectively, the “Company” or “Keystone”) in the sale of its assets to Milliken & Company (“Milliken”), a global diversified industrial technology company with expertise across a breadth of disciplines, including specialty chemicals, floor covering and performance materials.

Founded in 1920 and based in Chicago, Illinois with additional locations in Inman, South Carolina and Huddersfield, England, Keystone is a leader in the dye and pigment colorants market, as a rare integrated provider of both dyes and pigments. Keystone has carved out a unique position in the colorant sector by combining strengths in custom formulation, product design and regulatory support for its diverse customer base. Keystone has deep industry expertise across multiple segments, including plastics; agriculture; industrial color compounding (“ICC”); and inks, coatings and paper.

John Andrews, CEO of Keystone, remarked, “As a multi-generation family business, the continuation of the legacy built by the Andrews’ family was at the forefront of our minds as we discussed a potential transaction with Milliken. We quickly learned that Milliken, also a longtime family-owned business, shared a similar culture toward its employees and customers.” Mr. Andrews added, “Keystone’s fundamental core competency is our ability to provide strong technical support to our customers employing bespoke solutions such as custom formulations, specialty processing and specialty packaging. We believe Keystone will allow Milliken to enhance and significantly grow its mainstream color capabilities while Milliken’s global recognition and presence will accelerate Keystone’s growth across key markets.”
 Baltics  CV Keskus OÜ  2017  Sale  Business Services

has been acquired by

the undersigned served as exclusive financial advisor to the seller

HeadHunter Group sold 100% of shares of Baltics job classifieds company CV Keskus OÜ to Ringier Axel Springer Media AG. Following the transaction, Ringier Axel Springer entered the Baltic market for the first time.
 Italy  Fresco Piada  2016  Acquisition  Consumer Goods

have acquired

the undersigned served as exclusive financial advisor to the buyers

Private Investors have acquired 100% of the share capital of Fresco Piada S.r.l., an Italian food company specialized in the production and commercialization of typical Italian ‘piadina’.
 Spain  Hawkers  2016  Capital raising  Consumer Goods

raised c.€50m in one of the three largest Serie A issuing rounds of its type

the undersigned served as exclusive financial advisor to Hawkers

Hawkers raised c.€50m in one of the three largest Serie A issuing rounds of its type, and the largest ever in eyewear, in Europe.

Founded in 2012 in Elche, Spain, by a group of IT developers, Saldum Ventures is the archetypal modern day case study of entrepreneurial success. The team saw the opportunity to change the face of online marketing and disrupt the sunglasses industry, and in 2013, began managing and distributing the California based sunglasses brand, Knockaround, in Spain, selling over 250,000 sunglasses and a two year accumulated revenue volume of €4.5m, in addition to their own shoe brand, Miss Hamptons. Based on this successful experience, they created Hawkers, and later Wolfnoir, and positioned their sunglasses within the market niche of high quality, fashionable sunglasses for affordable prices.
 Spain  Vitaldent  2016  Sale  Healthcare

sold 100% of its share capital to

the undersigned served as exclusive financial advisor to the seller

Vitaldent is the leading dentistry chain in Spain and Italy, with 450 clinics (owned and franchised) across both countries. The chain holds dominant market positions amid the relatively fragmented markets, and a strong reputation for specialty treatments and working with the best dentistry franchises in the industry. 
 
Vitaldent was founded in Madrid in 1990 with the idea of being the most innovative dentistry chain in the country with the most cutting edge technology. It was an industry pioneer through the franchising of its brand and offer of consumer financing, ensuring clinics a large and far reaching network, and affordable and personalized financing. It is now undoubtedly the most important dentistry chain in Spain and Italy, consisting of 450 clinics, over 7 million patients and 7,500 employees.
 
JB Capital Markets is a Spanish investment services firm, with offices in Madrid and London, and composed of a team of over 175 professionals with a wide range and deep level of experience in the financial sector.
 United Kingdom  Starc Holdings  2016  Sale  Industrials

sold 100% of its share capital to

the undersigned served as exclusive financial advisor to the seller

Starc is a provider of integrated engineering solutions to the UK’s rail network through design, installation, project management and consultancy. Starc was formed in 2009 by Philip Owen and Julian Tee, both of whom have extensive telecoms experience as well as working closely in the telecoms industry. Since its establishment, Starc has achieved impressive growth and was placed 5th and 8th respectively in the Wales Fast Growth 50 in 2015 and 2016 and in 2015 also won the award for the Fastest Growing Firm in Manufacturing and Engineering.
 
Lowery is a civil engineering company that operates as a main contractor to the UK’s rail and power sectors.
Starc is a specialist, leading player in its field for the provision of survey, design, installation, and commissioning of safety critical railway telecommunications services across the UK rail network.
 Canada  StarTech.com  2016  Capital raising  Business Services

has secured CAD$83,500,000 of senior financing to pursue strategic initiatives

the undersigned served as exclusive financial advisor to StarTech.com Ltd.

StarTech.com Ltd. has secured CAD$83,500,000 of senior financing to pursue strategic initiatives. StarTech.com makes it easy for IT professionals around the globe to identify, find, and get the hard-to-find parts they need to enable their business solutions. From the latest technology to legacy products and all the parts that bridge the old and new.

StarTech.com makes it easy for IT professionals around the globe to identify, find and get the hard-to-find parts they need to enable their business solutions. From the latest technology to legacy products - and all the parts that bridge the old and new - StarTech.com can help you find the parts you need.

Products available include:
  • Drive Docks & Duplicators
  • USB Video Adapters
  • Specialized Cables for A/V and IT Solutions
  • Add-on Cards & Peripherals
  • Server Management Product
StarTech.com was founded in 1985 by Paul Seed and Ken Kalopsis and celebrated its 25th anniversary in 2010. StarTech.com was named Large Business of the Year by the London Chamber of Commerce in 2010 and was recently named one of Canada’s 50 Best Managed Companies and one of Canada’s 50 Best Small and Medium Employers.
 
StarTech.com is an ISO 9001 Registered manufacturer and has operations in the United States, Canada, Mexico, the United Kingdom and throughout Europe, servicing a worldwide market.
 
 Germany  Weber  2016  Sale  ----Select----

has been sold to

the undersigned served as exclusive financial advisor to the seller

Ardian, at private investment company, has acquired a majority interest in Weber Automotive. The founding Weber family will continue to hold a significant interest in the company and will actively support the future development together with the existing management.
 
Weber produces drive components for passenger cars, heavy trucks and powersport vehicles. The focus lies on the processing of complex engine and transmission components as well as the assembly of complete systems.
 
Weber currently employs over 1,300 highly qualified and motivated employees in six production sites across Germany, Hungary and the USA.
 Netherlands  Humares  2016  Acquisition  Business Services

has been acquired by

the undersigned served as exclusive financial advisor to the seller

Humares is a provider of flexible staffing solutions that span the full technical value chain with a well-balanced and internationally sourced mix of both blue and white collar labour to clients in the Netherlands and Belgium. Operating a number of strong specialist brands such as Maintec, Nova Engineering, Impact, Isoper and Primat, Humares is offering a mix of temporary staffing, secondment, subcontracting, and recruitment & selection solutions that cater to end-markets such as engineering, construction, machinery, automotive, high-tech, refinery and onshore energy. In 2016 the Company generates revenues in excess of EUR 100 million.
 
Bencis Capital Partners is an independent private equity firm targeting medium-sized companies in the Benelux. Bencis has relevant experience and expertise in various industries, including the technical staffing sector. Following the acquisition by Bencis of the blue collar craftsmen specialist Faber Personeelsdiensten in 2011, and subsequent co-operation between CFI Netherlands and Bencis on the acquisitions of the white collar engineering recruitment firms Tracé, Verhoeve Engineering and Trivoor, it established and grew The Employment Group, which was ultimately successfully exited in 2016 to Egeria.
 
CFI Netherlands enjoys a long-standing relationship with Humares, advising the Company on transformational transactions over the years, including most recently the divestment of TiP personeelsdiensten to Actief Interim (Gilde Equity Management) and the acquisitions of Isoper and Primat in 2014. CFI Netherlands advised Bencis on each step of the discussions and negotiations with the owners of Humares and successfully closed the transaction on 1 December 2016.
 
 United Kingdom  Bluestone  2016  Acquisition  Real Estate

has been acquired by

the undersigned served as exclusive financial advisor to management

CFI United Kingdom acted as lead advisor to management of Bluestone National Park Resort in their secondary buyout with £20m debt funding provided by Barclays. 
 
Bluestone National Park Resort is a leading Welsh 5-star tourist destination in Pembrokeshire comprising of luxury lodges, cottages and studio apartments set around a private village that includes a spa, waterpark, shops, a pub, restaurants and activities for all ages.
 
Frank Holmes, Partner structured the deal on behalf of management having advised the management team for 16 years during which he also led in arranging the initial construction funding, further development capital and a leveraged buyout from institutional investors, with cumulative funding of over £200m.
 Canada  Welded Tube  2016  Debt advisory  Industrials

secured CAD$155,000,000 in senior debt

the undersigned served as exclusive financial advisor

The Welded Tube of Canada Group of Companies is a diversified steel pipe and tube producer with annual production capacity of 700,000 tons. Headquartered in Concord, Ontario, Canada, Welded Tube owns and operates five manufacturing and finishing facilities strategically located in Canada and the U.S. to ideally serve the North American marketplace. Founded in 1970, Welded Tube has three divisions: Energy Tubulars (OCTG), ERW Mechanical and HSS. Through continued investment in state-of-the-art equipment, technology and operating systems, Welded Tube and its employees are recognized as industry leaders in each of their three business groups. Their commitment to providing excellence in product quality, service and ultimate value to a diversified customer base is unassailable.
 Portugal  Instalblue  2016  Acquisition  Business Services

a company held by the Spanish Group Assista acquired 110% shares of

the undersigned served as exclusive financial advisor to the buyer

Instalblue, a company 100% held by the Spanish Group Assista, has acquired 100% of Desentop shares.

Group Assista is the leading Spanish business group for facility services, with a history of over 25 years. It is also a leader in the home assistance, construction and facility maintenance segments, as well as real estate recoveries, services outsourcing and contact centers. Assista owns a network of companies and employs more than 2,000 professionals.

Instalblue is a Portuguese holding company 100% held by Group Assista.

Desentop is a Portuguese company created in 1988 and the market leader in the plumbing and drain cleaning sector, providing maintenance and unclogging services. It is an innovative company with a technical team capable of responding to many different challenges.

Assista has acquired 60% of Desentop’s shares, and the remaining 40% will be acquired until the end of 2017.

Group Assista is building up a home assistance service network in Portugal through acquisitions.
 
 Italy  NoemaLife S.p.A.  2016  Acquisition  Software & IT Services

acquired

the undersigned acted as exclusive financial advisor to the sellers

Dedalus S.p.A, Italian leader in the field of clinical health software, completed the acquisition of 100% of Ghenos S.r.l., a company owning a stake equal to 57.3% of the share capital of NoemaLife S.p.A., a company listed on the Italian Stock Exchange and the European leader in clinical hospital IT market, the 14.94% of the shares of NoemaLife held by Tamburi Investment Partners SpA, and the 11.1% of the shares of NoemaLife held by Maggioli S.p.A..

The company which will arise from the aggregation of Dedalus with NoemaLife will be the market leader in Italy with a widespread coverage throughout the country and one of the major players in Europe.

The acquisition of the majority of NoemaLife by Dedalus will trigger the obligation to launch of a Mandatory Tender Offer on all the remaining ordinary shares of NoemaLife S.p.A., listed on the MTA organized and managed by Borsa Italiana S.p.A., with a price per share of EUR 7.40.

In addition, Dedalus will launch a Voluntary Tender Offer on the Warrants of Noemalife 2012-2017, for a consideration price of EUR 0.423 for each Warrant. Both Offers are aimed at the delisting and will allow Dedalus to effectively integrate NoemaLife activities in an incisive and effective manner.

Tamburi Investment Partners, in order to facilitate the financial viability of the operation, will reinvest - in the form of a vendor loan with a right to request the repayment through Dedalus’ shares - in Dedalus Holding S.p.A. for an amount equal to the profits deriving from the sale of the shares and Warrants held in NoemaLife for an aggregate amount of EUR 9,269,552.

 Switzerland  Sto SE & Co KGaA  2016  Acquisition  Industrials

has acquired a 100% stake in Norwegian flooring manufacturer


Sto SE & Co. KGaA has acquired a 100% stake in Norwegian flooring manufacturer Hersselberg Bygg AS. With this move, Sto increases its presence in Scandinavia and strengthens its position in industrial flooring.

Hesselberg Bygg is the leading manufacturer of synthetic resin-based flooring in Norway with subsidiaries in Sweden and Lithuania, which were also part of the transaction. Hesselberg Bygg employs 28 people and generated NOK 100mn in sales in 2015.

Hesselberg Bygg will continue to operate as a stand-alone entity with the current people and facilities. For Sto, this means not only an access to the Norwegian market, but also new and innovative product lines developed by Hesselberg Bygg. At the same time, Hesselberg Bygg will benefit from the wide product range of Sto.

Sto SE & Co KGaA is a Germany-based company engaged in construction supplies and fixtures. The company specializes in the field of facade insulation systems. In addition, the Company provides interior coatings as well as industrial flooring systems through its subsidiary StoCretec. Sto generated sales of EUR 1.22mn in 2015.
 
 Italy  Tintoria Lombarda Divisione Sanitaria  2016  Acquisition  Business Services

has been acquired by

the undersigned served as exclusive financial advisor to the buyer

Servizi Italia S.p.A. - listed on the STAR segment of Borsa Italiana and main operator in Italy providing rental, laundry and sterilization of medical linen and surgical instruments for hospitals and healthcare facilities - completed the acquisition of 100% of Tintoria Lombarda Divisione Sanitaria S.r.l. (“Tintoria Lombarda”), one of the main Italian operator of wash-hire for healthcare facilities.

The acquisition allows Servizi Italia to further consolidate its leadership in Italy, in particular in the north-central area.
 Italy  Ritrama S.p.A.  2016  Capital raising  Industrials

issued a long-term credit facility for the realization of a production plant in the USA in favour of

the undersigned acted as exclusive financial advisor to Ritrama S.p.A.

Ritrama S.p.A., an Italian multinational company, is widely considered to be a market leader in the design and manufacture of self-adhesive materials. The product portfolio, grouped into five main divisions - Roll Label, Graphics, Offset Sheet, Industrial and Polifibra - includes a wide variety of materials which are used in many highly specialized industries. The organization employs 850 people and has its most important manufacturing facilities in Italy, Spain, United Kingdom, United States, Chile and China.

Unicredit and Banca Popolare di Milano (BPM) issued a long term credit facility to Ritrama S.p.A. and its USA subsidiary.

The credit facility aims to support the construction of a new production plant in South Carolina (USA) which will serve all NAFTA countries.

 
 Germany  Battenfeld-Cincinnati  2016  Sale  Industrials

100% of the shares have been sold to

the undersigned acted as exclusive sell side financial advisor to battenfeld-cincinnati

On 22 June 2016, the contract confirming the transfer of all shares of the battenfeld-cincinnati group to Industrie Holding Nimbus was signed.

With the transfer, the battenfeld-cincinnati group will receive new financial resources and equity capital will be strengthened in a sustainable manner.

The transaction enables battenfeld-cincinnati to focus on new product developments and the further expansion of its market leadership.

For BC, Nimbus is an excellent partner for sustainable growth.

The team of CFI Germany acted as M&A sell-side advisor to battenfeld-cincinnati.
 United Kingdom  SET Office Supplies Group  2016  Sale  Software & IT Services

has been sold to

the undersigned acted as exclusive financial advisor to SET

SET Office Supplies Group including SET Office Supplies Limited, W&A Ross Limited, Corporate Safety Wear Limited and Martin Luck Group Limited has been sold to Complete Office Supplies Limited.

The SET Office Supplies Group is one of the UK’s largest independent office supplies companies providing stationery, machines, print services, workwear, IT consumables, office furniture and IT equipment. Its footprint covers Wales and South West England. The consolidated turnover of the group was some £30 million and the group has over 250 employees.

Complete Office Supplies Limited core product offering overlaps with the SET Group and also includes IT solutions and office interiors.  Its head office is in Yorkshire and it covers the North of England and the Midlands. Acquiring the SET Group fits with its strategy of developing a national footprint and makes the enlarged group the largest independent office supplies business in the UK.

CFI UK worked with the shareholders since 2011 on their succession planning advising on the optimum timing and process to identify the correct partner and outcome in a consolidating market.
 United Kingdom  Pinnacle Document Solutions  2016  Debt advisory  Software & IT Services

has received debt refinancing from

the undersigned acted as exclusive financial advisor to Pinnacle

Pinnacle Document Solutions Limited, following its recent acquisition of Fast Technology (London) Limited, has received debt refinancing with HSBC.

Pinnacle Document Solutions Limited is a Xerox accredited printer and copier re-seller with an established managed print services offering.
 Netherlands  Login Consultants  2016  Sale  Software & IT Services

has been sold to

the undersigned served as the exclusive sell side advisor on the sale of Login Consultants

CFI Netherlands and CFI France are pleased to announce they acted as the exclusive sell side advisor to Login Group and Ecart Invest on the sale of Login Consultants to Orange.

With operations and about 140 employees in the Netherlands, Belgium and Germany, Login Consultants is an international IT services company dedicated to supporting the entire end user computing lifecycle, with expertise in managing all aspects of the transition to a VDI compute environment. Login Consultants helps design, build, migrate and maintain end user computing solutions in an optimal balance between business demand, cost and IT control. It has extensive experience and expertise working with technologies from leading VDI solutions vendors such as Microsoft, Citrix and VMware. Furthermore, it has a track record in creating business relevant add-ons for industry VDI standards, and recently developed its own Desktop-as-a-Service (DaaS) cloud solution. Login Consultants is widely viewed as a subject matter expert ahead of the pack in advising enterprises through the transition to a VDI platform, including the requirements around data migration, desktop deployment and application delivery.

Orange S.A. is one of the main telecom operators in the world, with annual sales amounting to €40 billion in 2015 and is listed on the Euronext Stock Exchange in Paris, France. At  the  end  of  year  2015,  the  Orange  Group  served 263 million customers around the world. Orange stands amongst the world leaders of communication services to multinational corporations. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services (‘OBS’). The development of OBS’ Desktop Virtualization offerings is supported by Neocles Corporate, which is part of Orange Business Services' Orange Cloud for Business organisation. Neocles Corporate is a leading actor in desktop virtualisation in the French Enterprise market.

The acquisition of Login Consultancy is a sound opportunity to further strengthen Orange’s Neocles' virtualisation expertise. Thanks to its team’s expertise and local knowledge of the Benelux and German markets, Login Consultancy will contribute to the boost of Orange’s international Virtualization offerings. The integration of the Group's teams will be performed in compliance with their respective roles and in the interest of continuity of the existing business and of its development.

CFI Netherlands facilitated discussions and negotiations with a range of potential international strategic and financial buyers in a competitive process that ultimately resulted in a successful transaction with Orange, which closed on 20 July 2016.
 
 Poland  Mobiltek  2016  Sale  Software & IT Services

sold 100% of its share capital to the private equity fund

the undersigned served as exclusive financial advisor to Mobilelk

The owners of Mobiltek retained CFI Poland to work on the PLN 116 million sale of the company, whose assests include DotPay, a leader on the Polish electronic payment market. The sale agreement with MCI Private Ventures was signed in December 2015 and the transaction closed in March 2016 after regulatory approval was received.
 United States  Moeller Aerospace  2016  Acquisition  Industrials

has been acquired by

the undersigned served as exclusive financial advisor to the seller

Moeller Mfg. Company, LLC has been acquired by AE Industrial Partners, a private equity firm actively investing in the aerospace, power generation and specialty industrial markets.

Headquartered in Wixom, Michigan and founded over 60 years ago, Moeller Aerospace specializes in manufacturing precision-machined parts for the gas turbine aircraft and power generation industries. The Company is a leading global brand supplying all major aircraft engine platforms with hot- and cold-section parts using an array of difficult to machine alloys. Product examples include turbine blades, vanes, housings and manifolds. Moeller Aerospace also is a recognized industry leader for its proprietary Click-Loc™ and FlexThread™ products, including self-locking fluid fittings, fasteners and borescope plugs. The Company operates with over 500 employees across three manufacturing facilities.

The transaction closed on July 11, 2016.
 France  Eres  2016  Sale  Business Services

sold a minority stake of its share capital to

The undersigned served as exclusive financial advisor to Eres

Eres sold a minority stake of its share capital to Parquest Capital. Eris is a French independent profit-sharing specialist and offer the following product range: employee savings products, group retirement financial products, individual retirement products, employee shareholding products. The group generated EUR 18.7M of revenues and EUR 6M EBITA in 2015. At the end of the competitive process, Parquest has been selected as the preferred partner by Eres. 
 United Kingdom  Restore  2016  Acquisition  Business Services

has acquired

the undersigned acted in a support capacity to PHS

Restore plc, an office services provider, has acquired PHS Data Solutions in an £87.5m deal. 

Caerphilly-headquartered PHS Data Solutions comprises three businesses: PHS Datashred, PHS Records Management and PHS Capital Capture. 

Collectively, the companies have 580 employees, who will transfer to Restore upon completion of the acquisition.
 Italy  Astra Refrigeranti  2016  Acquisition  Industrials

has acquired

the undersigned served as exclusive financial advisor to the seller

Baglioni SpA international leader in the production of pressure vessels, has acquired 100% share of the capital of Astra Refrigeranti SpA from the founder Franco Oberti.

Established in 1948, Astra Refrigeranti SpA is a leader in the design and construction of Tube Bundle Exchangers, Air Coolers, Compressor Gas Coolers, Condensers and Charge Air Coolers - Intercoolers Industrial Engines. The company has being working for decades in the Oil & Gas, Marine and Energy sectors, in compliance with the most strict industry standards and offering customized solutions for customers’ needs.

The transaction is part of the Baglioni Group’s plan to strengthen its position within the Oil & Gas and Energy sectors, which began with the entry of the Idea Energy Efficiency Fund in the capital of the Group last January 2015, and the acquisition of Special Tanks assets in last December 2015.
 Brazil  R Brasil  2016  Sale  Business Services

has sold a majority stake to

the undersigned acted as the exclusive advisor to R Brasil

Atento S.A. (NYSE: ATTO), the leading provider of customer relationship management and business process outsourcing services (CRM BPO) in Latin America, and one of the three top providers worldwide, announced the acquisition of a controlling share of R Brasil Soluções (R Brasil), a top provider of collections services in Brazil. Financial terms of the transaction were not disclosed. 
 
CFI Brazil acted as the exclusive advisor to R Brasil in the sale of its majority stake to Atento.
 Spain  Ingenomix  2016  Sale  Healthcare

has sold a majority stake to

the undersigned acted as sole financial advisor to Ingenomix

Igenomix, the leading provider of genetic testing services for reproductive health patients and clinics, has completed the sale of a majority stake to a consortium led by the private equity firm Charme Capital Partners.
 
Igenomix will retain its existing management led by Dr. Carlos Simon as CSO and David Jimenez as CEO. Headquartered in Spain, Igenomix employs over 100 people across eight advanced specialist laboratories worldwide, in Spain (Valencia), USA (New York, Miami, and Los Angeles), India (New Delhi), Brazil (Sao Paulo), UAE (Dubai) and Mexico (Mexico City). The company offers pioneering genetic testing services in reproductive medicine. It works closely with IVF clinics around the world.
 Brazil  Sportfood  2016  Capital raising  Consumer Goods

realized an investment in

The undersigned served as exclusive financial advisor to Sportfood

Sportfood is the world's first football club fast food franchise, which owns the exclusive rights to develop fast food chains utilizing the names of Brazil´s premiere Clubs completed negotiations for the sale of stake to Redoma Capital. 
 
The operation is the first of a fundraising program to support the expansion process of the company.
 
The resources will enable the opening of proprietary units and strengthening the structure and Sportfood team. For Henning Sandtfoss, founder of Redoma Capital, "investment in Sportfood is in total synergy with our investment portfolio and clients - most of them soccer - we are very happy to be part of this project." 

The Sportfood project involves the opening of 250 restaurants during the next four years, between street stores, shopping malls and express kiosks. 

The project started with Grêmio Club - Hamburgueria 1903, and is currently operating five restaurants. Cantina Palestra (Palmeiras Club, the second most popular in São Paulo) will start operating in 2016. Also, during the second semester, the following Clubs will see their restaurant versions come on stream: Corinthians, Cruzeiro and Santos.
 
CFI Brazil acted as the exclusive advisor to Sportfood´s in its valuation process and furthermore, spearheaded its initial fundraising, bringing in new shareholders. 

 
 United States  Mountainside Medical  2016  Acquisition  Healthcare

has been acquired by

The undersigned served as exclusive financial advisor to Mountainside Medical

Mountainside Medical has been sold to Tecomet Inc., a portfolio company of Genstar Capital.

Headquartered in Boulder, Colorado, Mountainside offers advanced and comprehensive manufacturing solutions for complex, tight-tolerance medical device components. Specializing in minimally invasive instruments, orthopedic components / instruments and neurosurgical components / instruments, the Company provides a full suite of services from material procurement, optimized product design and testing to assembly and sterilized packaging. The Company has a distinctive reputation for innovation, quality and on-time delivery earned over 10+ years as a trusted design and manufacturing partner with leading medical OEMs.

Tecomet Inc. is a Massachusetts-based global manufacturer of high precision implants, surgical instruments, trauma plates and photochemical etched products for medical device customers. Tecomet uses its industry-leading prototyping and engineering capabilities to produce highly complex products that provide innovative solutions for its customers’ most demanding products and applications. Tecomet is also a leading manufacturer of precision components to the aerospace & defense industry, producing products used in aircraft engines, missile & satellite propulsion systems, vision systems, and infrared applications.
 
 United Kingdom  Associated Community Training  2016  Sale  Business Services

has been sold to

the undersigned served as exclusive financial advisor to the seller

 Associated Community Training Limited (ACT) has been sold to Cardiff and Vale College (CAVC).
 
ACT is a leading apprenticeship and skills training provider and CAVC is a public sector college. The deal will see ACT join CAVC as a wholly owned subsidiary and make the group the largest provider of apprenticeships and skills training in Wales and in the top 5 colleges in the UK.
 Netherlands  Jagtenberg Plastics  2016  Sale  Industrials

has been sold to

the undersigned served as exclusive financial advisor to the seller

Jagtenberg Plastics has been sold to RPC Group PLC, a London Stock Exchange listed company. 
 
Headquartered in Heerewaarden since 1965, Jagtenberg is a blow moulding company manufacturing high quality packaging for various markets. The main markets of Jagtenberg Plastics B.V. are the chemical, food and beverage, and the fuel & engine oil industry. Next to this, Jagtenberg produces several specialized technical products for the building industry. It has close contacts with reputable raw material suppliers, which ensures that the latest know-how of the developments in the field of plastics for the blow moulding industry is available for their clients. Jagtenberg Plastics B.V. is dedicated to support sustainability: all their products meet the legal requirements and stands for sustainable use of natural resources and solutions to reduce the environmental burden.  
 
With more than 130 operations and 18.300 employees, RPC is today a GBP 2bn global design and engineering company specializing in polymer conversion in packaging and non-packaging markets. RPC creates innovative packaging solutions for many end markets, including food & drink, cosmetics, personal care, pharmaceutical, automotive, and household and industrial chemicals, as well as advanced technical components for sectors such as light and heavy vehicles, and electronics. RPC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. 
 
 Netherlands  Kersten  2016  Sale  Healthcare

has been sold to

The undersigned served as exclusive financial advisor to the seller

Headquartered in Roermond with 336 employees, Kersten provides and maintain devices for people with a physical limitation. The product range of Kersten include wheelchairs, beds, scooters, rehabilitation equipment and appropriate automation. Kersten is the number 3 in this market and received at the end of 2015 a revenue of EUR 38.9 million. The company is since 2015 part of the Value8 Group. 
 
With Kersten Healthcare, Value8 was an indirect shareholder of Kersten Holding, where the activities are housed. Value8 holds 85% of the shares in Kersten Healthcare, which held initially 60% of Kersten Healthcare in Kersten Next - the company which Kersten Holding (100%) fell. In the new structure Value8 has completely taken over the funding position of the bank and, through a new holding company, the 100% interest in Kersten Holding. The transaction with the bank and the 100% interest in particular Kersten Holding is an additional investment of between EUR 4 and 5 million. This additional investment was financed by Value8 from its own resources and by using its bank facility.
 Netherlands  Dutch Bakery  2016  Acquisition  Consumer Goods

has been acquired by

the undersigned served as the exclusive financial adviser

Dutch Bakery Group (DBG) has acquired Dutch Bakery (DB), a leading player in the home bake-off market, with a fully integrated portfolio. DB was an OMB and the shareholders DB were, and still are, co-owners of DBG. Since the companies were already working closely together the shareholders of DB and DBG decided to restructure the overall ownership structure and use this process to refinance both companies.
 Italy  Telemar  2016  Acquisition  Software & IT Services

sold 99.5% of its share capital to

the undersigned served as exclusive financial advisor to the seller

Apax Partners has completed the acquisition of the Telemar Group to merge it with Marlink, creating a major player in the maritime sector.
 
Telemar is an Italy-based company engaged in the sale, installation, and maintenance of satellite and electronic navigation equipment and applications.
 
Marlink is the largest technology-independent satellite communications and digital solutions provider serving the maritime and enterprise markets.
 
The combined activities of Telemar and Marlink will create the world’s leading maritime communications, digital solutions and servicing specialist for all customer segments at sea including: Shipping, Offshore, Cruise & Ferry, Yachting and Fishing. Marlink and Telemar customers will benefit from an unmatched integrated servicing offering, covering all existing maritime communication and navigation technologies. The newly combined group will generate US $450 Million in revenues with more than 800 employees worldwide serving at least 1 in 3 vessels operating globally.
 Canada  Jaymor Capital  2016  Capital raising  Real Estate

has restructured its indebtedness

the undersigned was the exclusive financial advisor to the Board of Directors

Jaymor Capital Ltd. has restructured its indebtedness by exchanging its Series 2010A and Series 2010B Bonds for new bonds pursuant to a plan of arrangement.

Established in 1989, the Jaymor Group has become a leader in real estate investment syndication, with an expertise in U.S. multi-family assets. Its development division has had projects in both the U.S. and Canada, including luxury condominiums and townhomes, as well as Class A student apartment communities near major U.S. universities. Jaymor has built an accomplished team of professionals who possess a wealth of experience in the areas of real estate investment, management and development. Its mission is to acquire and develop quality properties based on realistic values, and to identify and take advantage of unique investment opportunities. The Company will utilize its skills and wealth of experience to manage its assets to the highest standards of quality, and ultimately, to realize the highest profit performance.

CFI Canada served as exclusive financial advisor to the Board of Directors of Jaymor Capital Ltd.
 Italy  Beta Utensili  2016  Acquisition  Industrials

have acquired the entire share capital of

the undersigned acted as financial advisor to the buyers

Roberto Ciceri and TIPO (TIP Pre-IPO S.p.A.) signed an agreement for the acquisition of the entire share capital of Beta Utensili group (“Beta”), international leader in the hand tools sector.

Beta, established in 1923 in Sovico (MB) where the headquarter and the historical plant are still based, is the absolute leader in Italy in the production and distribution  of high-quality professional hand tools. All the products marketed by Beta are sold with its own brand and the catalogue currently includes more than 10,000 references. Beta is constantly seeking for new and innovative solutions in terms of products and services offered to customers in order to further strengthen its competitive position in the market.

In order to finalize the deal and to provide the related capital, TIPO has organized a specific club deal with 15 investors, all of which are Italian family offices. The transaction value is slightly below Euro 200 million and the agreed goal, in line with the ambitious growth plan, is the listing on the Italian stock exchange within five years. The financing of the entire transaction has been provided by Banca Monte dei Paschi di Siena as Agent and main underwriter together with Banca Popolare di Milano and Unicredit.
 France  Groupe Frères Blanc  2016  Acquisition  Consumer Goods

has acquired

the undersigned served as exclusive financial advisor to Groupe Bertrand

Groupe Bertrand, is a family-owned group founded by Olivier Bertrand, that manages restaurants, hotels and beverage distribution companies. In the restaurant sector, Groupe Bertrand operates on the luxury, classic, fast food (Groupe Bertrand is also Burger King® France’s majority shareholder and has acquired fast food chain Quick, operating 495 restaurants and generating system-wide sales of over €1Bn) and concessions segments. Key brands owned by Groupe Bertrand include Au Bureau, Café Leffe, Angelina, Brasserie Lipp, Saint James Paris and Relais Christine. Groupe Bertrand, headquartered in Paris and established in 1997, generates annual system-wide sales of over €1.7Bn in 2016.
 
Groupe Bertrand acquired Groupe Frères Blanc, a group operating 15 prestigious restaurants and brasseries in France and Luxembourg, including renowned and legendary Parisian institutions such as Au Pied de Cochon and La Lorraine and generating revenues of around €70M.

CFI France served as exclusive financial advisor to Groupe Bertrand for the acquisition of Groupe Frères Blanc from Qualium Investissement, and was actively involved in all aspects of the transaction, including its financing.
 Canada  Syspro Proven Systems Limited  2016  Acquisition  Software & IT Services

has been acquired by

The undersigned served as exclusive financial advisor to Syspro Proven Systems Limited

Syspro Proven Systems Limited (“Syspro”), a provider of information technology services, has been acquired by  Wherewithal Partners Inc. (“WPI”).

Syspro, founded in 1981, has been delivering technology solutions to meet its clients’ business needs for over 30 years. Through its proven positive track record for national service delivery; proprietary processes and software systems, Syspro is