IMAP is a global M&A advisory firm with over 450 advisors worldwide. In Q1 2021, IMAP closed 54 M&A deals worth over $3.6 billion, with deals spanning 14 sectors. IMAP saw continued momentum from Q4 2020 and expects a record year in 2021 based on a strong pipeline. IMAP advisors commented that while some sectors continue to struggle, most regions and sectors are seeing a rebound or acceleration in M&A activity.
Please check out the second edition of Creating Value, an IMAP magazine dedicated to creating value in the M&A mid-market. In this issue:
Automotive parts manufacturing
Medtech outsourcing
Nordic high-tech revolution
Indian IT transformation
Brexit. Implications for Europe and M&A
Who’s afraid of Private Equity?
and more!
Ecommerce, Marketplaces & Classifieds: Company presentation by Jochen Krisch, Exciting Commerce at the NOAH Conference Berlin 2019, 13-14 June, STATION.
What's happening to London Compliance jobs in 2018?Morgan McKinley
Learn about the Compliance jobs market in London, find out the views of European Head of a leading Compliance Certification Association and get advice from a specialist Compliance recruitment consultant.
Please check out the second edition of Creating Value, an IMAP magazine dedicated to creating value in the M&A mid-market. In this issue:
Automotive parts manufacturing
Medtech outsourcing
Nordic high-tech revolution
Indian IT transformation
Brexit. Implications for Europe and M&A
Who’s afraid of Private Equity?
and more!
Ecommerce, Marketplaces & Classifieds: Company presentation by Jochen Krisch, Exciting Commerce at the NOAH Conference Berlin 2019, 13-14 June, STATION.
What's happening to London Compliance jobs in 2018?Morgan McKinley
Learn about the Compliance jobs market in London, find out the views of European Head of a leading Compliance Certification Association and get advice from a specialist Compliance recruitment consultant.
Made by Accenture
Global investment in financial technology
(‘fintech’) ventures has more than tripled
during the last five years – from under $930
million in 2008 to more than $2.97 billion
in 2013 (see Figure 1). Given the dramatic
changes occurring in financial services, driven
by new technology, regulations, consumer
behaviour, and the need for cost reduction,
this global trend is expected to continue for
the foreseeable future.
Although decision making has become increasingly decentralised, selecting the right location for a European headquarters is a critical step on the journey to becoming a global business.
Even if you are currently working with a distributed team and have no plans to invest in a physical office right away, you still need to think about where your customers are, where the talent you need is concentrated, and where you can best access markets and opportunities for long term growth.
DMCC is the world’s leading and fastest-growing Free Zone and Government of Dubai Authority for commodities trade, enterprise, and innovation in business service and infrastructure.
The Future of Trade 2021 is the fourth edition of DMCC’s flagship report exploring the changing nature of global trade following reports in 2016, 2018, and 2020.
Assessing the impact of geopolitics, technology, and global economic trends on the future of trade, with a focus on trade growth, the digitalization of trade, the pivot to sustainability, trade finance, and infrastructure.
IMAP closed 112 deals worth more than $14.7 billion during the first half of 2021. The strong rebound in market
activity that began in Q4 of 2020 carried over well into Q1 of this year and although the rate of deal making
returned to more normal pre-COVID levels in Q2, IMAP partners around the world have full pipelines and many
are expecting to have a record year. IMAP partners in North America and several European countries in particular
are experiencing the strongest market environment and most new deal flow in over a decade. In the first half
deals were closed across 14 different sectors, with Technology, Business Services, Healthcare, Industrials, and
Consumer Retail the most represented. Twenty-nine percent of IMAP deals were cross-border.
IMAP partners around the world closed 185 M&A deals worth more than $18 billion during the Q1-Q3 2021 period. The boom in market activity observed in the first half of the year continued in Q3 and indicators suggest that 2021 will close out as one the strongest years for IMAP on record. The strong deal making environment is being sustained by a combination of high buyer demand following the pandemic lockdown pause, cheap
financing, abundant private equity capital, and cash-rich companies pursuing growth opportunities, and business
model changes amid widespread transformative market disruptions. IMAP deals were closed across 15 different sectors in Q3, with Technology, Healthcare, Industrials, and Consumer & Retail the most represented. Of the 185 IMAP deals closed in Q3, 28% were crossed-border.
The pace of transaction activity intensified as the year progressed and 97 transactions were closed in Q4 alone,
making it IMAP’s strongest quarter ever.
Made by Accenture
Global investment in financial technology
(‘fintech’) ventures has more than tripled
during the last five years – from under $930
million in 2008 to more than $2.97 billion
in 2013 (see Figure 1). Given the dramatic
changes occurring in financial services, driven
by new technology, regulations, consumer
behaviour, and the need for cost reduction,
this global trend is expected to continue for
the foreseeable future.
Although decision making has become increasingly decentralised, selecting the right location for a European headquarters is a critical step on the journey to becoming a global business.
Even if you are currently working with a distributed team and have no plans to invest in a physical office right away, you still need to think about where your customers are, where the talent you need is concentrated, and where you can best access markets and opportunities for long term growth.
DMCC is the world’s leading and fastest-growing Free Zone and Government of Dubai Authority for commodities trade, enterprise, and innovation in business service and infrastructure.
The Future of Trade 2021 is the fourth edition of DMCC’s flagship report exploring the changing nature of global trade following reports in 2016, 2018, and 2020.
Assessing the impact of geopolitics, technology, and global economic trends on the future of trade, with a focus on trade growth, the digitalization of trade, the pivot to sustainability, trade finance, and infrastructure.
IMAP closed 112 deals worth more than $14.7 billion during the first half of 2021. The strong rebound in market
activity that began in Q4 of 2020 carried over well into Q1 of this year and although the rate of deal making
returned to more normal pre-COVID levels in Q2, IMAP partners around the world have full pipelines and many
are expecting to have a record year. IMAP partners in North America and several European countries in particular
are experiencing the strongest market environment and most new deal flow in over a decade. In the first half
deals were closed across 14 different sectors, with Technology, Business Services, Healthcare, Industrials, and
Consumer Retail the most represented. Twenty-nine percent of IMAP deals were cross-border.
IMAP partners around the world closed 185 M&A deals worth more than $18 billion during the Q1-Q3 2021 period. The boom in market activity observed in the first half of the year continued in Q3 and indicators suggest that 2021 will close out as one the strongest years for IMAP on record. The strong deal making environment is being sustained by a combination of high buyer demand following the pandemic lockdown pause, cheap
financing, abundant private equity capital, and cash-rich companies pursuing growth opportunities, and business
model changes amid widespread transformative market disruptions. IMAP deals were closed across 15 different sectors in Q3, with Technology, Healthcare, Industrials, and Consumer & Retail the most represented. Of the 185 IMAP deals closed in Q3, 28% were crossed-border.
The pace of transaction activity intensified as the year progressed and 97 transactions were closed in Q4 alone,
making it IMAP’s strongest quarter ever.
IMAP demonstrated its leadership in the M&A market once more, closing 92 transactions worth over $3 billion in the first half of 2023.
Cautious dealmaking due to global uncertainty, high interest rates, and the unresolved U.S. debt ceiling issue, meant global M&A activity experienced a significant decline of 36% in the second quarter of 2023. However, with the gradual recovery of the stock market, there is hope for restoring CEOs’ confidence in engaging in M&A deals. Furthermore, despite the decline, experts believe the M&A market still holds potential for future growth and resurgence.
The most active sectors in terms of volume were Business Services, Industrials, Technology, and Consumer & Retail,
accounting for 62% of total IMAP deal volume. However, in terms of deal value, the most active sectors were Healthcare, Technology, Consumer & Retail, and Industrials, representing 58% of total deal value. Europe was the most impacted region in terms of deal activity, following market trends.
We’re pleased to announce the release of the IMAP Dealbook 2021-2022, our annual compendium of deals across a breadth of sectors and geographies from January 2021 to August 2022.
Technology, Business Services, Industrials, Financial Services and Transportation & Logistics were the most active sectors, accounting for 65% of total deal volume.
Finch Capital issued its annual State of European fintech report for 2020. The report covers a range of topics impacting the fintech industry: where we are today; the impact of CV-19; the M&A conundrum; and trends the Finch Capital team anticipates will shape FinTech in 2021. This follows an analytical report published in April of this year titled ‘FinTech: The Future Post CV-19’.
In this issue
ESG Investing Special Focus. With commentary from José Manuel Durão Barroso on ESG investing
Consolidation opportunities in the machine tool market
Strategic financial management – a step-by-step guide to positively impacting your company’s enterprise value
Valuation arbitrage and the opportunities it presents for international investors
Practical advice for start-ups looking to secure foreign financing
What types of European bank loan portfolios will investment banks, hedge funds and private equity firms invest in and in which territories over the next year?
Fintech - Lending Platforms: Company Presentation by Frederic Nze, Founder & CEO of Oakam at the NOAH Conference 2018 in London, Old Billingsgate 30-31 October 2018.
The professional recruitment market as a whole has continued the trend from the back end of last year by growing steadily in terms of absolute job numbers by between 5% and 12% so far this year; a good indicator of market sentiment.
We have also found in Q1 2015 versus the same period last year that firms are committed to hiring when they go to market, not just scoping out the possibilities. As you will see in our market breakdown of the legal sector, firms are now moving quickly to secure talent and are offering competitive packages up front to secure the best people.
DealMarket Digest Issue 131 - 7 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 131 - March 7th, 2014:
- How New European Rules Affect Private Equity Teams
- PE outlook for Europe
- EY’s Top 10 VC Dealmakers Worldwide
- Global Telecom M&A Hits 13 Year High
- PE Drives Robust Returns for Ontario Pension Fund
- Quote of the Week: Venture Capital? Make Way for Geek Guilds
The IMAP Dealbook represents the collective transaction track record over the last 18 months of IMAP’s 350 M&A professionals based in 35 countries around the globe.
Similar to IMAP closes 54 M&A deals worth more than $3.6bn in Q1 2021 (20)
During the COVID-19 pandemic, the typically unsung
$8 trillion logistics and supply chain ecosystem
garnered unprecedented attention and became
top-of-mind for consumers and businesses trying to
procure then hard-to-find products. Seismic e-commerce
and technology driven sector shifts accelerated, leading
to record levels of deal activity starting in late 2020 and
into early 2022.
INVERLINK - IMAP Colombia recently advised SYAC on the sale of a 100% stake to Vela Software. Following this transaction, SYAC will be part of one of the most relevant ecosystems of vertical market software companies in LATAM and the world.
Morrison Park Advisors - DNA Inc.– IMAP
Canada recently advised Noventa, a renewable
energy company, on a majority sale to Ancala
Partners. Mr. Dennis Fotinos, Noventa’s founder and
CEO, talks to IMAP about the sale, the prioritization
of decarbonization and why constant inn
IMAP’s 50th Anniversary Special Edition of Creating Value
ESG, Disruptive Innovation, Decarbonization, Sustainable Business Practices, Transport & Logistics, Pasta, Consolidation, European Healthcare Services, FMCG, TMT, Global Dealmaker Market Commentary… this edition has it all!
You can also meet our new partner Alpen Capital in the GCC and read interviews with Dennis Fotinos Founder & CEO at Noventa Energy Partners and Josef Šuber, CEO and Head of M&A, Orkla Group.
IMAP Czech Republic talks about their recent clients, the shareholders of Web4U, a leading Czech web hosting services provider which was acquired by international web hosting company, Miss Group. They look at how consolidation by large market players continues to drive M&A activity in the sector and why global reach and cross-border support is now crucial in securing the best solution for clients looking to sell their company.
Pablo Gómez, Director at IMAP Albia Capital – IMAP
Spain talks to Creating Value about why M&A is more
than just a transaction, it is about the people behind
the deal which is why building a working environment
based on trust and empathy is a must for M&A advisors
when guiding their clients through an M&A process.
Gabor Szendroi, Managing Partner at Concorde MB Partners – IMAP Hungary looks at the effect inflation has on company valuations, and what company owners looking to sell should expect
ntercambiadores de Calor S.A. (“Intercal”) is one
of Chile’s largest manufacturers of air conditioning
equipment and its related products, including
evaporators, air condensers, and industrial fans.
IMAP closed 47 M&A transactions valued at over $2 billion in the first quarter of 2023. While the figure was down from previous quarters it was not as low as initially expected. At the macro level, interest rate hikes, persistently high inflation, financial market instability, and fears of a recession put a damper on dealmaking activity. At the transaction level, IMAP dealmakers have reported that sellers are struggling to find good buyers and disappointed with relatively low valuations, while the lack of financing is diminishing appetite among potential acquirers. Despite these challenging conditions, the market is not entirely paralyzed. High quality businesses with strong margins and defensive growth profiles continue to attract interest from well positioned strategic buyers. Financial buyers have been much less aggressive due to the high cost of capital.
Business Services, Industrials, Consumer & Retail, and Building Products & Services were the most active sectors, accounting for 60% of total IMAP deal volume. Approximately 32% of the transactions were cross-border, which is consistent with previous quarters and reflects IMAP’s global nature. The bulk of IMAP’s Q1 deals involved a target company in either Europe or North America, with deal flow slightly more limited in Asia and Latin America.
Nils Keller, Partner at IMAP Germany takes a deep dive into the Application Software market for Creating Value, providing analysis on its development throughout 2022, with special emphasis on stock market valuations and M&A activity.
At IMAP’s Fall 2022 Conference in Bilbao, Lorea Aristizabal Abasolo, Director
of Corporate Development, and Irache Pardo Villanueva, Director of Financial &
Treasury and Corporate Purchasing Officer, from CIE Automotive were invited to
lead a session looking at how M&A has been a key tool in the company’s evolution
over the last 25 years, as well as why ESG is firmly integrated into the company’s
business model.
Capstone Partners and IMAP have released its 2022-2023 Global M&A Trends Survey Report, with insights from M&A advisors across the world. This report combines Capstone’s in-depth investment banking knowledge with proprietary data obtained from 133 participating IMAP M&A advisors across 37 countries
Industrials, Technology, Healthcare, Business Services, Transportation & Logistics, and Food & Beverage were the most active sectors for IMAP in 2022, accounting for almost 70% of total deal volume. Roughly 26% of IMAP’s transactions in 2022 were cross-border
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
IMAP closes 54 M&A deals worth more than $3.6bn in Q1 2021
1. IMAP is a global team of
proven, trusted advisors
with global M&A,
restructuring and debt
advisory experience
With 450+ advisors worldwide and
successfully closing around 200
transactions per year, IMAP teams have
proven experience closing M&A deals in
crisis situations.
IMAP leverages its decades of expertise
and global footprint to continue to
provide expert services and close deals,
helping ensure its clients survival and
long-term success.
IMAP has established relationships with
key market players and understands
the liquidity and capital supports and
providers in different markets, with
access to debt and equity capital - key
in helping businesses across the world
navigate these difficult times.
IMAP presence
www.imap.com
IMAP closes 54 M&A deals worth more than $3.6bn in Q1 2021
DEAL SUMMARY Q1 2021
54
M&A
transactions
$3.6bn+
transaction
value
23%
cross-border
deals
Global Performance
Rank Advisor
1 PwC
2 KPMG
3 Deloitte
4 Rothschild
5 IMAP
6 Houlihan Lokey
7 EY
8 Goldman Sachs
9 JP Morgan
10 Lincoln International
Ranking based on number of transactions closed
during Q1 2021. Undisclosed values and values
up to $500 million.
Source: Refinitiv and IMAP internal data.
JANUARY – MARCH 2021
Deal Distribution by Sector Q1
Building Products
& Services
Consumer
& Retail
Education
& Training
Financial
Services
Food &
Beverage
Healthcare
Industrials
Materials,
Chemicals
& Mining
Real
Estate
Technology
Transport
& Logistics
11%
11%
5%
6%
15%
2%
9%
2%
17%
4%
2%
Business
Services
11%
5%
Energy
& Utilities
2. JURGIS V. ONIUNAS
IMAP Chairman
IMAP made a strong start to the year, closing 54 M&A deals worth more than $3.6
billion during Q1 2021. This figure is higher than the average posted during Q1-Q3 2020,
suggesting that the rebound in market activity observed in Q4 2020, in which IMAP closed
a record 83 deals, has carried over. As economies start to show signs of recovery, many
IMAP partners are experiencing a ‘catch-up’ effect with transactions that were paused last
year amid the crisis now back on the table and well-positioned buyers and sellers now firmly
back in the market. In fact, numerous IMAP partners are fully expecting to have a record
year, closing more deals than ever.
Deals were closed across 14 different sectors in Q1, with Technology, Healthcare, Consumer
& Retail, and Building Products & Services the most represented. Momentum in the more
COVID-resilient industries such as Technology, Education, Infrastructure and Healthcare is
expected to continue, with strong appetite from both strategic buyers, as well as financial
sponsors driving higher levels of activity compared to other sectors. We should point out
that Technolgy and Healthcare, our two biggest sectors, now make up almost a third of our
deal volume
With nearly a quarter of IMAP’s deals in Q1 being cross-border, IMAP clients benefit from
the combined expertise and experience of an integrated, seamless global team, which is not
only industry knowledgeable, but relationship strong, having built-up key networks over the
years including local buyers, counterparties, lenders, and investors.
Jurgis Oniunas, IMAP Chairman, said: “IMAP has experienced
an outstanding first quarter. We have successfully maintained
the momentum from the end of last year and this, in
conjunction with an extremely strong pipeline of new deals
across the board, means the outlook so far is positive for the
full year 2021. IMAP is maintainting its competitive advantage
and finding new opportunities to serve our client base. While
M&A remains at our core, more and more clients now look
to us for services in other areas of investment banking,
such as debt and equity advisory, re-structuring services,
capital markets advisory and other services, where we see
many opportunities for further growth and increased global
collaboration.”
www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
Q1 Commentary
3. Selected Q1 Transactions
TECHNOLOGY
SPAIN
Acquired Business
Operations
POLAND
ADVISED ON SALE
TECHNOLOGY
GERMANY
Has Participated In
GERMANY
ADVISED THE SHAREHOLDERS OF RAYNET
BUILDING PRODUCTS & SERVICES
SPAIN
Acquired Selected Assets of
Seller’s Business Operations
BRAZIL
ADVISED ON SALE OF COMPANY
BUILDING PRODUCTS & SERVICES
CZECH REPUBLIC
Acquired 100% of
Business Operations
CZECH REPUBLIC
ADVISED ON PURCHASE OF COMPANY
INDUSTRIALS
UNITED STATES
Acquired 100% of
Business Operations
UNITED STATES
ADVISED ON SALE OF COMPANY
TRANSPORTATION & LOGISTICS
NETHERLANDS
Acquired Majority Control of
Business Operations
NETHERLANDS
ADVISED ON SALE OF COMPANY
BUSINESS SERVICES
ITALY
Acquired Majority Control of
Business Operations
ITALY
ADVISED ON PURCHASE OF COMPANY
ENERGY & UTILITIES
CANADA
Acquired 100% of
Business Operations
CANADA
ADVISED ON SALE OF COMPANY
TECHNOLOGY
FRANCE
Acquired Investment Interest
in Seller’s Business
FRANCE
ADVISED ON SALES OF SHARES
Several Investors
www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
4. TECHNOLOGY
FINLAND
Acquired 100% of
Business Operations
FINLAND
ADVISED ON SALE OF COMPANY
TECHNOLOGY
DENMARK
Acquired 100% of
Business Operations
SWEDEN
ADVISED ON SALE OF COMPANY
INDUSTRIALS
UNITED STATES
Acquired 100% of
Business Operations
UNITED STATES
ADVISED ON SALE OF COMPANY
HEALTHCARE
SPAIN
Acquired 100% of
Business Operations
SWITZERLAND
ADVISED ON PURCHASE OF COMPANY
CONSUMER & RETAIL
GERMANY
Acquired Majority Control of
Business Operations
GERMANY
ADVISED ON SALE OF COMPANY
CONSUMER & RETAIL
UNITED STATES
Acquired Control of
Business Operations
UNITED STATES
ADVISED ON SALE OF COMPANY
FINANCIAL SERVICES
UNITED KINGDOM
Acquired 100% of
Business Operations
UNITED KINGDOM
ADVISED ON SALE OF COMPANY
TRANSPORTATION & LOGISTICS
SPAIN
Acquired Selected Assets of
Seller’s Business Operations
COLOMBIA
ADVISED ON SALE OF COMPANY
BUILDING PRODUCTS & SERVICES
UNITED KINGDOM
Acquired Majority Control of
Business Operations
PORTUGAL
ADVISED ON PURCHASE OF COMPANY
AEDL Senior Creditors
Selected Q1 Transactions
www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
5. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP NETHERLANDS
“We currently see strong momentum in the M&A market in the Netherlands with
appetite from both strategic buyers and financial sponsors, particularly in more
Corona-resilient industries such as Tech, Infrastructure, Healthcare and E-mobility.
We currently see strong momentum in the M&A market in the Netherlands
with appetite from both strategic buyers and financial sponsors
IMAP Netherlands closed nearly 10 transactions in the first quarter of this year
and we are working on many interesting mandates. We also see the banking
climate gradually improving with banks being enthusiastic about financing some
of our most recent mandates.
Despite some potential headwinds, we are confident that the M&A market will
prove resilient in 2021.”
Guillaume
Petit
IMAP FRANCE
“The market in France is dual: a 20% decrease in volume, but an increase in
prices driven by surging Covid proof transactions in sectors such as Healthcare,
Tech or Education, reaching levels above 15.0x EV/EBITDA.
An increase in prices driven by surging Covid proof transactions in
sectors such as Healthcare, Tech or Education, reaching levels above
15.0x EV/EBITDA
We observe a growing number of transactions led by infrastructure funds who
invest outside their usual regulated asset based scope, targeting mega trends.
Given their lower expected return, they distort competition during PE auctions.
We also see a growing number of SPAC transactions in various sectors of
the economy, including Mediawan in the Media sector and 2MX Organic in
sustainable Consumption. This trend is a new route for investors in addition to
M&A and traditional IPO.”
Nicolas de
Quincerot
6. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP BELGIUM
“M&A in Belgium has been picking up nicely since the start of 2021.
There is a combination of postponed 2020 transactions and a
strong flow of new situations coming to the market.
There is a combination of postponed 2020 transactions and a
strong flow of new situations coming to the market
Economic visibility does not seem to be a topic any more for most
sectors. At IMAP Belgium too, we have nice volume of M&A advisory
mandates, which is complemented by a robust capital markets deal
flow. The outlook for the remainder of the year is strong as well.”
Olivier
De Vos
IMAP CZECHIA
“We are slightly optimistic about Covid; companies are required to test employees
and vaccinations are moving forward. The upcoming parliamentary elections
probably will not have a direct impact on M&A, but will affect the largest state
contract - the completion of the Dukovany nuclear power plant for approximately
€6 billion.
Meanwhile, the death of Petr Kellner, the 68th richest man in the world
according to Forbes, will probably affect three planned transactions this year
Meanwhile, the death of Petr Kellner, the 68th richest man in the world according
to Forbes, will probably affect three planned transactions this year: the creation of
the third largest domestic bank by the takeover of Moneta Bank (former GE Money
Bank) by PPF, the planned sale of one of the largest Czech ecommerce businesses
Mall.cz (€155-2bn) and also the potential IPO of CETIN, the largest owner of
telecommunications infrastructure in the Czech Republic with an estimated value
of approximately €4 billion.”
Radek
Schmied
7. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP GERMANY
“We currently have a very strong pipeline, with about half of our current projects acquired
in the first quarter of 2021. We are therefore optimistic for 2021 and expect a strong to
booming M&A market overall as a result of two effects: There are numerous new M&A deals
in the pipeline - which will be initiated independently of Covid. In addition, there is a catch-up
effect from 2020 for projects that were postponed in the first half of 2020 due to Covid.
We are therefore optimistic for 2021 and expect a strong to booming M&A market
overall
Beyond that, we no longer expect a major distressed M&A wave in 2021, with the exception
of risks in sectors such as Travel, Leisure and Retail. The industrial sector, especially
automotive and mechanical engineering, is currently facing the challenge of financing the
new cycle and emerging growth - capital increases through M&A solutions can be suitable
instruments.”
Henning
Graw
IMAP SPAIN
“We expect two fundamental trends to emerge in Spain after this crisis: financial
restructuring needs from over-leveraged companies after government backed
bank funding stimulus runs out, and strong M&A to continue in resilient sectors
such as Chemicals, Nutrition, Health and IT.
We expect strong M&A to continue in resilient sectors such as Chemicals,
Nutrition, Health and IT
Despite a certain degree of uncertainty underlying companies’ business initiatives
in the current context, M&A activity in 2021 is fairly strong in certain industries in
Spain. We expect activity to pick up substantially towards the end of 2021.”
Aitor
Cayero
8. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP PORTUGAL
“The Chinese use two brush strokes to write the word crisis. ‘One brush
stroke stands for danger; the other for opportunity. In a crisis, be aware
of the danger--but recognize the opportunity’.
In a crisis, be aware of the danger--but recognize the opportunity
This has been the case in Portugal and in the other jurisdictions that
we cover. Companies are strengthening their core business and capital
structure , but at the same time keep an eye on potential opportunities
in the market.
In this context, IMAP Portugal has been very busy with M&A mandates
in both sides and in Debt Advisory, namely in refinancing transactions,
and the pipeline continues to grow. The Covid-19 situation did change
the standard way of executing deals, but now that the participants are
adapting, the transactions are happening. My reading is that this crisis
will make the surviving companies stronger and more efficient in order
to navigate the stormy waters that still lie ahead.”
Pedro
Benites
9. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP CANADA
“After a severe slowdown in the Canadian economy and M&A activity in Q2 2020
as a result of COVID-19, we have seen a steep recovery in the economy in general.
Businesses that rely on face to face interactions or on travel and tourism continue to
struggle, but other sectors of the Canadian economy are showing excellent signs of
recovery and above average growth.
M&A volumes in Canada took off in Q4 2020 and continued through Q1 2021 primarily
as a result of (1) pent-up demand from financial buyers that are armed with record
amounts of committed capital and (2) the record low interest rate environment.
The M&A market will stay white hot in 2021 with very healthy valuations for
good quality companies
Based on what we are seeing in current mandates, the M&A market will stay white hot
in 2021 with very healthy valuations for good quality companies.”
Andrew
Kemper
IMAP BRAZIL
“Continuing the trend observed
in Q4 2020, M&A activity has
improved further in Q1 2021 with
several new leads and proposals
issued for potential opportunities.
We believe 2021 is shaping up
to be one of our best years in
the last 5 years
We believe 2021 is shaping up to
be one of our best years in the last
5 years, considering what we have
already closed this year, what is
in the process of execution and a
historically consistent conversion
of proposals into mandates.”
Marcio
Fuiza
10. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP USA
“Particularly with respect to
our work in industrial services,
economic activity in the US
presently feels vibrant and the
availability of capital remains
strong. As a result, we are
experiencing a consistent pull
through of our engagements
into successful closings at
favorable valuations and are
also enjoying a steady flow of
pitch activity.
Economic activity in the US
presently feels vibrant and
the availability of capital
remains strong
If anything, we are anticipating
that our pitch activity may
accelerate over the next few
months if it becomes more
apparent that the tax rate
for capital gains is likely to
increase. We expect that
business owners will want to
complete transactions before
any changes in tax policy are
implemented.”
Theodore
Polk
11. www.imap.com
DEAL SUMMARY Q1 2021
JANUARY – MARCH 2021
IMAP Partner Insights - Q1 Overview and 2021 Forecast
IMAP INDIA
“There has been a strong revival of deal activity since October, 2020, particularly
in Commodities, Tech and Pharmaceuticals. The liquidity surge, in both credit
and equity market, augurs well for M&A and Structured Finance business and
there is good momentum in select sectors for the past few months.
The liquidity surge, in both credit and equity market, augurs well for
M&A and Structured Finance business
As of now, the execution pipeline looks good for the first half of the year.
However, the sharp impact of a Covid second wave may cause disruption to
new business origination. There is a near lockdown situation and that may
continue through the April-June quarter.”
Ashutosh
Mahesvhari
IMAP JAPAN
“While the COVID-19 medical emergency has been reasonably well controlled in Japan,
certain industries are heavily impacted, including hospitality and consumer related sectors,
where many assets are now up for sale but have a lack of buyers.
As an encouraging sign, business owners that put sale processes on hold in early 2020
resumed their sale processes in late 2020 and this carried over into 2021. IMAP in Japan
is also active with new requests from new business owner clients seeking to sell their
companies.
The pandemic forced large Japanese corporates to more actively consider
business divestitures and more of these deals are now coming to market
Additionally, the pandemic forced large Japanese corporates to more actively consider
business divestitures and more of these deals are now coming to market.”
Jeff
Smith