The document appears to be an annual report or brochure from IMAP, a global M&A advisory firm, summarizing their deals and performance from 2011-2014. It includes statistics showing IMAP ranked 4th globally in number of deals under $200 million. The brochure then highlights representative M&A transactions IMAP completed over that period sorted by industry sectors such as consumer products, education, energy, and others. Deals spanned multiple countries and involved sales, acquisitions, and growth funding.

1. Dealbook
Most experienced M&A teamsFrom the world’s
Accelerating Business...

4. Contact
Sudhanshu Karandikar
sk@imap.com
IMAP, Inc.
Av. Diagonal, 618
08021 Barcelona - Spain
www.imap.com
T: +34 936 026 710
IMAP advisors are located throughout
North and South America, Eastern and
Western Europe and Asia.
Argentina
Belgium
Bosnia and Herzegovina
Canada
Chile
China
Costa Rica
Croatia
Czech Republic
Denmark
Egypt
Finland
France
Germany
Hungary
India
Ireland
Italy
Japan
Mexico
Netherlands
Norway
Peru
Poland
Portugal
Russia
Serbia
Slovenia
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States
Vietnam

5. Contents
/ Foreword
by Gilberto Escobedo, President of IMAP 06
/ About IMAP:
milestones and achievements 08
/ Deals by sectors: 10
/ Consumer Products 10
/ Consumer Staples 16
/ Energy & Power 22
/ Financials 26
/ Healthcare 28
/ Industrials 34
/ Materials 48
/ Real Estate 55
/ Retail 58
/ TMT 61

6. GilbertoEscobedo
PresidentofIMAP
A step
forward to
continue
growing

7. F
rankly, the last three years in M&A
globally have been more challenging than
memorable.
Nevertheless, there is an impression that the
world economy is on the mend and the ground
is shifting positively. While still far from
exhilarating, the mood in the world economy,
and M&A, is, indeed, one of expectancy, in
anticipation of a subdued explosion of pent up
demand. There is an eagerness to invest both
immense corporation reserve funds and to
mobilize uninvested private equity capital.
There is no doubt that the horses are at the post.
Most importantly for us, there is proof at our
fingertips: more M&A deals are being closed and
it is the mid-market, IMAP’s focus, that has
been touched by the current liberation of a
long-suppressed energy in M&A dynamics. It is in
the mid-market that IMAP continues to rank in
the top 5, and in the top 20 in the combined deal
aggregate.
We are proud to present this Dealbook. We think
it is a clear, concise, user-friendly summary of
IMAP’s performance, sector expertise and global
reach in the way it has selected examples from
approximately 700 deals on which we have
advised since 2011. This illustrative sample spans
all geographies and sectors.
In short, the Dealbook encompasses more than
250 deals and Thomson Reuters League Tables
from 2011 to 2014.
Our advisors and our corporate office will
respond to any queries you may have. Feel free
to get in touch.

8. About IMAP
If one had to roll out a fresh
blue print, forget everything
one knew about M&A
firms, and design a modern,
successful, international M&A
advisory company, experience
tells us we would begin with a
brainstorming session in front
of a blackboard.
If one started with a wish list
of what a global M&A firm of
excellence had to have, our
brainstormers would come
up with these key words:
values-based, expertise
in the driver’s seat, global
reach going back decades,
independence, long-term
relationships with the client,
senior partner involvement
from pitch to execution,
accelerated learning for new
staff. And if we brainstormed
what values such an ideal
company would be based on,
the chalk would fly and the list
would headline excellence,
integrity and trust.
But you wouldn’t have to
brainstorm this company. It
actually exists and thrives in
35 countries, from China to
Peru and from Finland to Spain.
It is called IMAP.
Currently, being cross-border
in M&A is a sine qua non,
and the important players all
have a cross-border reach.
But are they independent,
unemcumbered by conflicts
of interest? IMAP has the
cross-border credentials
and independence. It is
agile because it can forego
the entanglements and
burdensome independence
obstacles and waiver seeking
of the Big 4 that bog down
transactions from the get go.
Independence means agility
and the ability to start scouting
right away.
And at IMAP, the scouting
has even begun before the
pitch. Our sector-expertise
means that the market has
no mysteries, no surprises,
because we have been
monitoring it professionally,
keeping up to date with patent
registrations and the nuts and
bolts of the sector. Expertise
does not mean beginning your
research after a handshake.
It means that the research is
already at the fingertips of an
IMAP sector professional.
IMAP’s global reach originates in
the nature of its correspondent
firms, which have often grown
from the transformation
of a sector expert into an
entrepreneurial M&A player.
Our IMAP firms are peer
professionals combining,
collaborating, scouting and
executing the best deal possible
for the client.
IMAP has re-written the rules
on internal relationships and
relationships with the client.
Our partners are in the field,
IMAPHISTORYTIMELINE
Founding of IMAP
by a group of
US-based M&A
Practitioners un-
der the acronym
NAMAC
1973
Merger of
two US-based
M&A advisory
organizations
(INTERMAC and
IMAP) into one.
1993
Expansion of
IMAP inter-
nationally and
ramp-up of
global office
locations.
1999
Merger of Cen-
tral and Eastern
European organi-
zations (MACEE)
into IMAP.
2005
The IMAP
administra-
tive office is
established and
staffed.
2008
IMAP adds more
global locations.
2010
IMAP adds
Peru, Norway
and in talks to
incorporate more
LatAm and Asia
locations.
2014

9. in the world in the number of closed
transactions valued up to
IMAP
ranked
(asrankedintheThomsonReuters’LeagueTables)
US$200 million
globalperformance2011-2013
Rank FinacialAdvisor
1 PwC
2 KPMG
3 Ernst & Young LLP
4 IMAP
5 Deloitte
6 Rothschild
7 BDO
8 Lazard
9 M&A International
10 Goldman Sachs & Co
Undisclosed Values & Values
up to $200 million
(Based on number of transactions)
working side by side with our
new and seasoned staff, from
planning the deal to inking it.
Our youngest professionals
can learn more this way in two
years than other recruits in ten.
And our senior partners fear no
surprises as the deal evolves
because they’ve experienced
every twist and turn on the
road. This means that the
client is also shielded from the
shocks and overruns that pop
up when the senior partner is
hidden away in his office.
Involvement at every level
implies trust. We trust each
other, firm to firm and peer
to peer, and clients want us
to advise them because this
trust is comprehensive and
extends to them. It is why
we have always cultivated
the long-term relationship
with our clients instead of the
short-term gain. A win for us
is only valid if it is the best
deal that the client can make.
Integrity means no short-cuts,
no commission-driven deals,
no rule-bending or cutting
regulatory corners. Because
trust leads inexorably to
excellence.
One of IMAP’s senior
partners summed up
excellence in this way: “doing
the right thing and doing
things right.” It’s a simple
formula, but if you stick to it,
and if it involves truth-telling
to the client, painful as it may
be at times, it will work, and
it has for IMAP.
4th

10. EDUCATIONALSERVICES
Cognita
Schools
Education Group
United
Kingdom
Acquired 100% of
business operations
Escola Cidade
Jardim-PlayPen
Bilingual School
Brazil
Advised on Sale of
Company
Advised Escola Cidade
Jardim on its sale to
Cognita Ltd., a global
education group. The
transaction marks Cog-
nita’s entry into Brazil,
and its first school in
Latin America.
DEKRA AG
Automotive,
Industrial and
Personel
Germany
TUC Group
Educations within
transportation
Denmark
Advised on Sale of
Company
Advised TUC Group on
the sale of a major-
ity stake to Germany-
based Dekra. With
the acquisition, Dekra
secures a strength-
ened footprint in
Scandinavia. The goal
is to further expand its
service portfolio and
presence.
Avigo Capital
Partners Pvt
Ltd & Matrix
Partners India
Pvt Ltd
Private Equity
Investor
India
Provided Growth
Funding
Maharana
Infrastructure
& Professional
Services
Private
Limited
Service Provider
to Education
Institutes
India
Advised on Equity
Placement
Advised Maharana,
a leading provider of
education services
in India, on funding
Rs100 crore from PE
firms Matrix Partners
and Avigo Capital. The
deal strengthens the
company’s infrastruc-
ture services/facilities
management services
offerings to educational
institutes.
consumer
products
&services
Up to $500M
Source: Thomson Reuters
1 KPMG
2 PwC
3 BDO
4 IMAP
5 Ernst & Young LLP
6 Deloitte
7 M&A International
8 Grant Thornton
9 Rothschild
9* Sumitomo Mitsui Finl Grp Inc

11. homefurnishings
The Rowley
Company
Manufacturer and
wholesaler of
window decor
United States
Acquired Minority
Ownership Position
Individual
Owner
Sold minority
ownership
position
United States
Advised on Recapi-
talization of Company
Advised the Rowley
Company on a recapi-
talization. The acquisi-
tion of an individual
owner’s minority owner
position provides the
company with ad-
ditional leverage in the
regional window décor
market.
Connecting
Capital
Sweden AB
Investment
Company
Sweden
Acquired Majority
Control Of Business
Operations
Götessons
Industri AB
Design, develop
and market
products for the
office
Sweden
Advised on Sale of
Company
Advised Götessons
Industri, a leading
manufacturer of a full
range of accessories
for office furniture
companies and large
retailers, on the sale
of a 70% stake to
Connecting Capital.
Götessons will benefit
from the Buyer’s strong
expertise in business
and corporate develop-
ment.
N.V. Deli
Maatschappij
Specialist in
timber and
construction
materials
Netherlands
Acquired 100% of
shares
Skan Benelux
B.V.
Wholesaler of
doors
Netherlands
Advised on Sale of
Company
Advised Skan Benelux
BV on its sale to NV
Deli Maatschappij. The
acquisition of Skan
Benelux will expand
Deli Maatschappij’s
product range. Skan
Benelux specializes
in retail of indoor and
outdoor doors and
coating services, and is
the leading supplier to
the DIY chains.
EMPLOYMENTSERVICES
Cordant Group
plc
Recruitment
conglomerate
United
Kingdom
Acquired 100% of
Business Operations
Sugarman
Group Limited
Public sector
recruiter
United
Kingdom
Advised on Sale of
Company
Advised the Sugarman
Group on its sale to
Cordant Group. With
Cordant’s support,
Sugarman’s manage-
ment team has a
great opportunity to
continue to accelerate
the business’s growth;
the transaction also
enables Cordant to gain
a strategic foothold
in the healthcare and
education sectors.
MBO team of
Armstrong
Craven
HR/Recruitment
- intelligence &
executive search
United
Kingdom
Acquired 100% of
Business Operations
Armstrong
Craven Ltd
HR/Recruitment
- intelligence &
executive search
United
Kingdom
Advised on Purchase
of Company
Advised Armstrong
Craven on securing
investment from ISIS
Equity Partners for
completing its MBO
from Work Group. The
transaction is expected
to increase share-
holder value.
11

12. Lifetime
Brands Inc
Leading global
provider of
kitchenware,
tableware
United States
Acquired 100% of
Business Operations
Thomas Plant
(Birmingham)
Ltd
Supplier of
kitchenware
products
United
Kingdom
Advised on Sale of
Company
Advised the sharehold-
ers of Kitchen Craft on
its sale to NASDAQ-
listed Lifetime Brands.
Kitchen Craft and
Lifetime Brands share
the same values and
ethos; the combination
of the two businesses
provides significant
opportunities for
growth in the UK and
internationally.
Sovereign
Capital
Partners LLP
Private Equity
House
United
Kingdom
Acquired Majority
Control Of Business
Operations
Kindertons
Accident
Management
Road accident
management
services
United
Kingdom
Advised on Purchase
of Company
Advised Sovereign
Capital Partners on its
acquisition of a minor-
ity stake in accident
management service
provider Kindertons,
as well as arranging a
bespoke debt facility.
The transaction pro-
vides Kindertons with
additional support.
Bunzl Plc
Multinational
Distribution and
Outsourcing
Company
United
Kingdom
Acquired 100% of
Business Operations
ProEpta S.A.
de C.V.
Distributor of
Restaurant and
Hotel Amenities
Mexico
Advised on Sale of
Company
Advised ProEpta, a
leading distributor of
catering equipment
in Mexico, principally
to luxury hotels and
restaurants, on its sale
to Bunzl, an interna-
tional distribution and
outsourcing service
provider. This is Bunzl’s
first acquisition in the
promising catering
equipment sector in
Mexico.
OtherConsumerProducts
Atlantic Trade
d.o.o.
Leading FMCG
distributor in
SouthEast Europe
Croatia
Purchased 100% of
the Company and took
over the Distribution
of Unilever in
Slovenia and Croatia
Prodis d.o.o.
Distributor of
FMCG in Slovenia
Slovenia
Advised on Sale
of Company and
Transfer of Unilever
Distribution Agree-
ments
Atlantic Trade doo, a
unit of Atlantic Grupa
dd, acquired the entire
share capital of Prodis
doo, a Zagreb-based
distributor of food and
non-food products.
MBO Team
Management of
InterEurope AG
Germany
Acquired 100% of
shares backed by
private investors
InterEurope
AG
Provider of
crossborder claims
management
services
Germany
Advised on purchase
of company
Advised the manage-
ment of InterEurope AG
on the acquisition of
the company in a man-
agement buy-out from
DEURAG Deutsche
Rechtsschutz-
Versicherung AG.
InterEurope is a strong
growing provider of
pan-European cross-
border claims manage-
ment services.
LEGALSERVICES
12 / Consumer Products & Services

13. Stada
Arzneimittel
AG
OTC and generic
drug provider
Germany
Acquired the business
operations of
Spirig Pharma
AG
Supply logistics
for physicians and
pharmacies
Switzerland
Advised on the carve-
out and sale of the
business
Advised Spirig Pharma
AG in the sale of its
medical wholesale
business to STADA Spi-
rig Healthcare AG, an
OTC and generic drug
provider, in the context
of the sale of Spirig’s
dermatology business
to Galderma.
Propel
Partners LLC
PEG specializing in
consumer branded
produnts
United States
Provided
recapitalization of
POOF -Slinky,
Inc
Manufacturer of
branded toys
United States
Adviced on Recapi-
talization of Company
Advised POOF-Slinky
Inc, on the sale of an
undisclosed major-
ity interest to Propel
Partners LLC, a private
equity firm specializing
in branded consumer
products companies,
in a leveraged buyout
transaction.
Advent
International
Corp
Global private
equity firm
Czech Republic
Acquired Majority
Control Of Business
Operations
Provimi Pet
Food
Leading European
pet food
manufacturer
Hungary
Advised on Sale of
Company
Advent International,
the global private eq-
uity firm, acquired ma-
jority control of Provimi
Pet Food, a leading
European manufac-
turer of pet food, from
Provimi Group, a leader
in animal nutrition.
Bunzl plc.
Multinational
Distribution and
Outsourcing
Company
United
Kingdom
Acquired 100% of
Business Operations
Espomega S
de RL
Distributor
of Personal
Protective
Equipment
Mexico
Advised on Sale of
Company
Advised Espomega, a
leading redistribution
business supplying a
variety of safety prod-
ucts, including gloves
and protective clothing,
throughout Mexico, on
its sale to Bunzl. The
acquisition expands
Bunzl’s safety business
in Mexico.
Magnum
Capital
Industrial
Private equity
Spain
Acquired
Iberchem SA
Flavours and
fragances
manufacturer
Spain
Advised on MBO
process
Advised Iberchem, a
fragrances & flavors
firm, on its sale of a ma-
jority stake to Magnum
Capital.
13

14. Excellere
Capital
Management
Private Equity
United States
Acquired 100% of
Business Operations
G2 Partners,
LLC
Consulting
United States
Advised on Purchase
of Company
Served as the buy-side
advisor to Excellere
Capital Management,
LLC ,a private equity
firm, in its acquisition
of G2 Partners, LLC, a
rapidly-growing con-
sultant and advisor to
the energy, transporta-
tion & manufacturing
industries.
Securitas AB
Global security
company
Sweden
Acquired 65% of the
Company.
Tehnomobil
d.o.o.
Security solutions
company
Croatia
Advised on the sale
of the Company
Advised Tehnomobil
doo, a security system
services provider, in
its sale of 65% of the
company to Securitas
AB. With the acquisi-
tion Securitas expands
its technology services
in the country and in
the Balkan region.
Canadian
Standards
Association
(CSA Group)
Testing and
certification
services
Canada
Acquired 100% of
Business Operations
MI Technology
Group Ltd
Automotive
testing
United
Kingdom
Advised on Sale of
Company
Advised mi Technol-
ogy, an independent
provider of automotive
testing & development
services, on its sale to
CSA Group, a leading
global provider of
product certification
and testing services.
CSA gains significant
UK market access and
expansion; mi Technol-
ogy joins CSA’s global
network.
ProfessionalServices
Royal Bank
of Scotland
PLC +The
Cooperative
Bank PLC
Bank
United
Kingdom
Provided Term Loan
Facility
Day Lewis plc
UK’s largest
independant
pharmacy chain
United
Kingdom
Advised on Restruc-
turing Financial
Obligations
Advised Day Lewis plc.
on the refinancing of
its banking facilities,
sourcing a £68.3M term
loan, working capital
and acquisition facility
from a banking club
formed by Royal Bank
of Scotland and The
Co-operative Bank.
OtherConsumer
Products
14 / Consumer Products & Services
Sentica
Partners Oy
Sentica is an
independent
private equity
company
Finland
Acquired 100% of the
Company shares
Secto
Automotive Oy
Corporate car
leasing service
and fleet
management
Finland
Advised the Seller
Advised Secto Automo-
tive, Finland’s largest
privately-held car
leasing company, on its
sale to Funds managed
by Sentica Partners.
The deal furthers
Secto’s growth strategy
for its leasing services.

15. RJD Partners
Ltd
Private Equity
United
Kingdom
Acquired majority
interest in Business
Harrington
Brooks Ltd
Administers
consumer debt
management
plans
United
Kingdom
Advised on Purchase
of Company
Advised private equity
house RJD Partners
on its MBO of debt
solutions provider
Harrington Brooks.
The deal enables RJD
Partners to build upon
Harrington Brook’s al-
ready strong book, and
is a growth opportunity
to take advantage of
the growing consumer
debt management
market.
Royal Imtech
NV
Technical services
provider
Netherlands
Acquired 100% of
Business Operations
Van Stappen &
Cada
Maritime
electronical and
airco installations
Belgium
Advised on Sale of
Company
Advised Van Stappen &
Cada Scheepselectro
NV, a provider of mari-
time technical services,
on its sale to Royal Im-
tech. The transaction is
intended to strengthen
Royal Imtech’s position
in the Belgian marine
market.
Eson Group AB
producer of
complete
packaging solutions
Sweden
Acquired 100% of
Business Operations
Strålfors
Identification
Solutions
Producer of labels
Sweden
Advised on Purchase
of Company
Advised Eson Pac in its
acquisition of 100% of
Strålfors Identification
Solutions, and forms
one of the leading
packaging groups in
Scandinavia.
Djursjukhus-
gruppen
Veterinary clinics
and hospitals
Sweden
Acquired 100% of
Business Operations
Aarhus
Dyrehospital
Veterinary hospital
Denmark
Advised on Sale of
Company
Advised Aarhus Dyre-
hospital A/S, a Danish
veterinary hospital
specializing in ophthal-
mology, orthopedics,
oncology and dermatol-
ogy, on its sale to
Swedish Djursjukhus-
gruppen, largest group
of veterinary clinics
and hospitals in the
Nordic region, as part
of the latter’s Nordic
consolidation.
PR Black
New SPV for
Management Buy In
Czech Republic
Acquired 100% of
Business Operations
FIDES Group
s.r.o.
Employer of
disabled persons -
outsourcing
Czech Republic
Advised on Purchase
of Company & Acqui-
sition Financing
Advised Fides Group,
a provider of protected
workshop employment
services to companies
primarily in the automo-
tive and electronics
industries, on its sale to
a private investor.
15

16. AgricultureandLivestock
Lawson Inc
Japanese leading
convenience store
chain operator
Japan
Acquired 33.4% stake
of seller
Daichi Wo
Mamoru Kai
Co Ltd
Organic
vegetables home
delivering service
company
Japan
Advised on Sale of
Company
Advised Daichi Wo
Mamoru Kai, an
organic vegetable
home-delivery com-
pany, on the placement
of 33.4% newly-issued
shares to Lawson, the
second largest conve-
nience store operator
in Japan. Daichi Wo
Mamoru Kai can realize
synergies from Law-
son’s customer base.
Electra
Partners
Private Equity firm
United
Kingdom
Provided refinancing
of debt
Park Resorts
Caravan park
operator
United
Kingdom
Advised on restruc-
turing financial
obligations
Advised Electra
Partners LLP on its
acquisition of South
Lakeland Parks Ltd,
a Kendal-based
owner and operator of
caravan parks, from
White Ocean Leisure
Ltd, in a leveraged
buyout transaction.
The purpose of the
transaction was for
Electra Partners LLP to
broaden its investment
strategy by investing in
holiday parks.
TRAVELSERVICES
16
consumer
staples
Up to $200M
Source: Thomson Reuters
1 PwC
2 KPMG
3 Rothschild
4 Deloitte
5 Ernst & Young LLP
6 IMAP
7 Sumitomo Mitsui Finl
Grp Inc
8 Rabobank NV
9 Morgan Stanley
9* BDO
Professional
Services
Securitas AB
Security services
sweden
Acquired Majority
Control Of Business
Operations
Sensormatic
Security
Services
Electronic security
services
Turkey
Advised on Sale of
Company
Securitas AB, the
Sweden-based global
security services pro-
vider, has acquired 51%
stake in Sensormatic
Guvenlik Hizmetleri
A.S., the Turkey-based
company engaged in
providing technical
security services.

17. Al Dahra
Agriculture
Agricultural and
Animal Production
Group
United Arab
Emirates
Acquired 80% of
Business Operations
Fagavi
Agricultural
production
for animal
consumption
Spain
Advised on Sale of
Company
Advised Fagavi
Group, a Lleida-based
producer of agricultural
animal feed, on the
divestment of a 80%
stake of the company
to Aldhara Group, a
UAE-based Group.
Mill Road
Capital
Private investment
fund
United States
Acquired 100% of the
business
PRT Growing
Services Ltd
Growing of forest
seedlings
Canada
Advised on Sale of
Company
Advised PRT on its sale
to Mill Road Capital.
The deal is expected
to enhance the growth
prospects of PRT, an
established provider of
top quality seedlings to
forest products compa-
nies, government, and
individuals in British
Columbia and North
America.
Agrosuper
Group
Major producer
of meat and fresh
products in Chile
Chile
Acquired 40.6% of
Sopraval S.A.
Sopraval S.A.
Largest producer
and seller of
turkey in Chile
Chile
Advised on the Sale
of 40.6%
Agrosuper, the largest
meat and fresh prod-
ucts producer in Chile,
has acquired an ad-
ditional 40.6% of capital
share of Sopraval S.A.,
the largest producer
and seller of turkey in
Chile, for US$75 million.
FoodandBeverage
AS Group
Leading food and
beverage producer
Bosnia and
Herzegovina
Acquired Majority
Control Of Business
Operations
Klas dd
The leading
industrial mill and
bakery in Bosnia
Bosnia and
Herzegovina
Advised on Sale of
Company
Advised Klas d.d.,
market leader in
the milling & bakery
industry in Bosnia and
Herzegovina, in the
sale of an undisclosed
majority interest to AS
Jelah Group. The deal
enables AS Group to
strengthen, expand
business operations
in line with becoming
BIH’s leading player in
the food industry.
China Growth
Equity
Investment
Ltd.
A special purpose
acquisition
company
China
Acquired
China
Dredging
Group and
Merchant
Supreme
Dredging services
and quality
seafood provider
China
Advised on Purchase
of Company
Advised China Growth
Equity Investment
Ltd., a special purpose
acquisition company,
on its merger with
China Dredging Group
and Fujian Provincial
Pingtan County Ocean
Fishing Group Co.,
Ltd., providing a public
currency.
17

18. FoodandBeverage
Glanbia, Plc
Global nutritional
solutions and
cheese group
Ireland
Acquired 100% of
Business Operations
Nutramino
Holding ApS
Danish sports
nutrition brand
Denmark
Advised on Sale of
Company
Advised Roll-o-Matic
A/S, a leading player
on the Scandinavian
market for sports
nutrition products, on
its sale to Glanbia, with
sales in more than
130 countries. The
acquisition expands
Glanbia’s presence in
the Nordics within the
performance nutrition,
healthcare and educa-
tion sectors.
Univeg Group
NV
Fresh produce
grower and
distributor
Belgium
Acquired 100% of
Business Operations
Empire World
Trade Ltd
Fresh produce
distributor
United
Kingdom
Advised on Sale of
Company
Advised Empire
World Trade on its
cross-border sale to
UNIVEG Group. This
deal is an example of
the predicted trend for
more deals in the food
and beverage space
as European strategic
buyers aim to increase
their exposure to UK
markets.
Feed & Food
BV
Food additives
Netherlands
Acquired 100% of
Business Operations
Nöll & Co.
GmbH
Milk powder,
lactose products,
food additives
Germany
Advised on Sale of
Company
Advised Nöll & Co.
GmbH on its acquisition
by the F&F Group. The
transaction will expand
F&F Group’s portfolio as
well as its regional and
market reach.
Miko
Belgian coffee
roaster in the out-
of-home market
Belgium
Acquired 100% of
Business Operations
Kaffekompaniet
Din Pauspartner
Distributor of
coffee vending
machines
Sweden
Advised on Purchase
of Company
Advised Miko, an Eu-
ronext Brussels-listed
specialist in coffee
services & packaging,
on its acquisition of
Kaffekompaniet Din
Pauspartner. The deal
lines up with Miko’s
long-term strategy to
build up a separate or-
ganization in office cof-
fee via its subsidiaries
in different countries.
18 / Consumer Staples
Carlyle
Cardinal
Ireland
300m Irish PE fund
founded by The
Carlyle Group
Ireland
Acquired Majority
Control Of Business
Operations
Lily O’Brien’s
Premium
chocolate
and dessert
manufacturer
Ireland
Advised on Sale of
Company
Advised the share-
holders of Lily’s
Limited on the sale
of Lily O’Brien’s, an
Irish manufacturer of
premium chocolates
and desserts, to
Carlyle Cardinal Ireland
(“CCI”). Lily O’Brien’s
represents CCI’s first
investment in Ireland;
the transaction posi-
tions the business for
international growth.

19. Odin Equity
Partners II K/S
Private Equity
Group
Denmark
Acquired Majority
Control Of Business
Operations
SFK/OTZ
Holding A/S
Spice mixes, and
Spice and Herbs
for the industry
Denmark
Advised on Sale of
Company
Advised SFK Food
and W. Oschätzchen
Århus on its sale to
Odin Equity Partners.
The transaction is
the initiation of a
new growth strategy
expected to strengthen
the company’s position
internationally.
Irish Dairy
Board
Manufacturer of
cheese and dairy
products
Ireland
Acquired 100% of
Business Operations
Thiel Cheese
& Ingredients
Manufacturer of
cheese ingredients
United States
Advised on Purchase
of Company
The Irish Dairy Board
(IDB) has acquired
US-based Thiel Cheese
& Ingredients, a well-
established and leading
company involved in
the custom formula-
tion and production of
cheese-based ingredi-
ent solutions primarily
for sale to US-based
food manufacturers.
Thiel was owned by
FCF Partners, a private
equity firm based in
Milwaukee.
Agrofert
Holding, a.s.
An integrated
agriculture-food
production group
Czech Republic
Acquired 100% of
shares
Zednicek a.s.
Cooled meat
products importer
& distributor
Czech Republic
Advised on Sale of
Company
AGROFERT Holding,
the largest integrated
agriculture-food pro-
duction group in the
Czech Republic, has
acquired 100% capital
shares of ZEDNICEK,
the largest Czech im-
porter of chilled foods.
ZEDNICEK co-owns
and operates retail
stores and manufactur-
ing facilities that supply
branded smoked meat
products.
57th Street
General
Acquisition
Corp.
Special Purpose
Acquisition
Company
United States
Acquired Majority
Control Of Business
Operations
Crumbs Bake
Shop, Inc.
Produces and
markets cupcakes
United States
Advised on Purchase
of Company
57th Street General
Acquisition Corp. has
merged with Crumbs
Bake Shop,Inc., a
neighborhood bakery
and a retailer of cup-
cakes.
The Bidvest
Group
International
services, trading
and distribution
South Africa
Acquired Investment
Interest in Seller’s
Business
Oliver Kay
Holdings Ltd
Distributor of
fruit and veg
-businesses
United
Kingdom
Advised on Sale of
Company
Advised the sharehold-
ers of Oliver Kay on
its sale to Bidvest, the
South African owner of
Seafood Holdings. The
deal provides an exit
for mid-market inves-
tors Maven Capital
Partners; the deal also
opens further distribu-
tion opportunities for
both Oliver Kay and
Seafood Holdings.
19

20. HouseholdandPersonalProducts
Colgate
Palmolive
Leader in personal
care and home
care products
Costa Rica
Acquired Brands
and Manufacturing
Agreement
Punto Rojo,
S.A.
Local soap and
personal care
manufacturer
Costa Rica
Advised on Sale of
Brands
Advised Punto Rojo
SA, an Alajuela-based
manufacturer of
personal hygiene prod-
ucts, on its acquisition
by US-based Colgate-
Palmolive.
Value
Enhancement
Partners B.V
Private Equity
Netherlands
Acquired 100% of the
Shares
Codi
International
B.V.
Manufacturing of
wet wipes
Netherlands
Advising manage-
ment team on buy
side (MBO)
Advised management
in the purchase of
Codi via an MBO, and
arranged financial
sponsorship from Vale
Enhancement Partners,
a private equity firm.
The deal enables Codi
to further develop the
company.
20 / Consumer Staples
Kar Kozmetik
Urunler Ticaret
Pazarlama
Sanayi A.S.
Turkey-based
cosmetics
company
Turkey
Acquired Selected
Assets of Seller
Business Operations
Kopas
Kozmetik
Pazarlama
Sanayi A.S.
Turkey based
cosmetics
company
Turkey
Advised on Purchase
of Company
Acted as exclusive
financial and strategic
advisor to Kar Koz-
metik, Turkey-based
cosmetics company,
during its acquisition
of Kopas Kozmetik’s
shares from Bilfar Hold-
ing. Kopas Kozmetik is
a leading manufacturer
of cosmetics in Turkey.
FoodandBeverage
Calli Gida
Producer and
wholesaler of
dairy products
Turkey
Acquired Selected
Assets of Seller
Business Operations
Danone Turkey
Global producer of
dairy products
turkey
Acquired Selected
Assets of Seller
Business Operations
Advised Danone Tur-
key, a global producer
of dairy products and
nutritional supple-
ments, on the sale of
certain production
assets to Calli Gida, a
leading Turkish pro-
ducer and wholesaler
of dairy products.
The Abraaj
Group
Private Equity
Firm in the Middle
East
United Arab
Emirates
Acquired Majority
Control Of Business
Operations
Yörsan Gida
Mamulleri San
ve Tic A.S.
One of the largest
dairy producers
turkey
Advised on Purchase
of Company
The Abraaj Group,
Middle East based
private equity firm,
has agreed to acquire
a majority stake in
Yörsan, one of the
largest dairy producers
in Turkey.
IMAP acted as the
exclusive financial and
strategic advisor to The
Abraaj Group during
the process.

21. Moda Holding
SAPI de CV
Mexico-based
private equity fund
Mexico
Zingara
Zingara brand
boutiques and
franchises
Mexico
Advised on Sale of
Company
Advised Zingara on its
divestment to Nexxus/
Moda Holding. Zingara
will be a Moda Holding
portfolio company, ben-
efiting from purchasing
synergies, access to
premium retail space,
and shared admin-
istration services;
the acquirer is now
positioned to become
the market’s leader in
Mexico.
Town Shoes
Leading National
Retailer of
Branded Footwear
Canada
Sale of Assets
Sterling Shoes
Inc.
Shoe retailer
Canada
Advised the Seller
Advised Sterling Shoes
on its sale to Town
Shoes Ltd. The acquisi-
tion broadens Town
Shoes’ portfolio and
strengthens its existing
operations.
Ledervin
Produces synthetic
laminates, fabrics
and covers
Brazil
Acquires 100% of a
company with only
stock
Têxtil Matec
Produces fabrics
for the footwear
industry
Brazil
Advised on Merger of
Company
Matec Industrial and
ledervin has merged
their businesses
of Voga (synthetic
laminates and printed
fabrics) and Longships
(roofs and awnings).
The two companies
increased significantly
in recent years and the
merger is to further ac-
celerate this growth.
OtherConsumer
Staples
Textilesand
Apparel
Advantage
Partners Fund
Leading
Japan-based fund
Japan
Acquired Selected
Assets of Seller
Business Operations
Ray Cassin Co
Ltd
Apparel company
broadly targeting
females(20s)
Japan
Advised on Sale of
Company
Advised Ray Cassin,
an apparel com-
pany broadly targeting
females in their 20s, in
its sale to Advantage
Partners, a leading
Japan-based fund.
Ray Cassin will seek
continued growth to-
gether with Advantage
Partners.
21
MBO
Partenaires
Private Equity
Firm
France
Acquired Majority
Control Of Business
Operations
Alkos-
Cosmogen
Cosmetic
packaging and
manufacturing
France
Advised on Sale of
Company
Advised on the MBO
of Alkos, French
cosmetics manufac-
turer, and Cosmogen,
innovative cosmetics
packaging supplier.
The transaction al-
lows management to
increase its shares;
the PE firm to invest
in the Group; with
offices in China,
Brazil & USA, sales to
€100M are expected
within 5 years.

22. OilandGas
Cepsa S.A.
An integrated
energy company
Spain
Capital restructuring
and business
expansion in China
Cepsa S.A.
An integrated
energy company
China
Advised on Recapi-
talization of Company
Advised the Spanish
energy group Cepsa
S.A. on the completion
of the capital restruc-
turing of its investment
in China and expansion
of its China presence
for cumene production.
Shenhua
Group
Corporation
Limited
Coal-based
integrated energy
company
China
Acquired Selected
Assets of Seller
Business Operations
Repsol S.A.
Exploration and
production of oil
and gas
Spain
Advised on Sale of
Company
Advised Repsol in the
transfer of the technol-
ogy license and basic
engineering package
to Jilin Shenhua Group
for the construction of
three plants in China.
OTK Group
Midcap integrated
oil and gas
company
Russia
Acquired 100% of
Business Operations
Izhevsky oil
refinery
Oil refinery
Russia
Advised on Purchase
of Company
Advised OTK Group,
a Russian midcap
integrated oil & gas
company, on its acqui-
sition of the Izhevsky
oil refinery, a Russian
oil refinery. This ac-
quisition provides OTK
Group better access to
resources, strengthen-
ing its market position.
Energy
&Power
Up to $200M
Source: Thomson Reuters
1 PwC
2 RBC Capital Markets
3 KPMG
4 Citi
5 Ernst & Young LLP
6 Goldman Sachs & Co
7 Simmons & Co
International
8 Macquarie Group
9 Rothschild
9* Morgan Stanley
11 Lazard
12 Deutsche Bank
13 Evercore Partners
13* Credit Suisse
15 Bank of America
Merrill Lynch
16 M&A International
17 IMAP
18 JP Morgan

23. Consortium
of private
investors
Consortium of
private investors
Russia
Acquired 62% stake
CJSC Uralneft-
egazprom
Oil & gas
exploration and
development
project
Russia
Advised on Purchase
of Company
Advised investors on
the acquisition of a
majority interest in
UNGP from Stroy-
transgaz, a leading oil
& gas infrastructure
construction company.
UNGP is a developer of
oil and gas fields in the
Orenburg region.
Lukoil Belgium
NV
Major oil company
Belgium
Acquired 100% of
shares of Verolma
Verolma
Maastricht
Beheer BV /
Verolma BvbA
Retail petrol
stations
Netherlands
Advised on Purchase
of Company
Advised Lukoil on its
acquisition of 59 gas
stations in Belgium
and the Netherlands.
According to Bulat
Subaev, managing
director of LUKOIL
Belgium, entering the
Dutch market fits with
LUKOIL’s gas station
expansion strategy in
the Benelux market.
Prima Energy
Trading LLC
Engaged in natural
gas wholesaling
companies
russia
Acquired 60% of
Business Operations
Avrasya
Gaz Anonim
Sirketi
Turkey-based
natural gas
wholesaling
company.
turkey
Advised on Sale of
Company
Advised Hakan
Karadayi in the sale of
60% of Avrasya Gaz,
natural gas distribu-
tor in Turkey, to Prima
Energy, a subsidiary
of the Russian natural
gas company
Gazprombank.
Undisclosed
Buyer
Undisclosed
Russia
Acquired 100% of
Business Operations
Purneft
Oil producing
company
Russia
Advised on Purchase
of Company
Advised an undisclosed
acquiror based in Mos-
cow on its acquisition
of the Russian-based
oil producing company
Purneft from KIT Fi-
nance. This acquisition
strengthens the buyer’s
market position.
23
OtherEnergy
andPower
Newco
Energy efficiency
performance
certification
United
Kingdom
Acquired Investment
Interest in Seller’s
Business
Stroma
Energy efficiency
performance
certification
United
Kingdom
Advised on Purchase
of Company
Provided debt advisory
and strategic buy-side
support to LDC for its
investment in Stroma.
Stroma, with a strong
market position in cer-
tification and fieldforce
software within the
domestic and com-
mercial energy market,
is well-placed to
leverage this market’s
growth opportunities.

24. Power
Regal Beloit
Corporation
Manufacturer of
electric motors
and other
products
United States
Acquired 100% of
Business Operations
Cemp
International
SpA
Manufacturer
of specialty
flameproof motors
Italy
Advised on Sale of
Company
Advised Cemp S.r.l., on
the sale of its business
operations to Regal Be-
loit, a manufacturer and
global provider of elec-
tric motors, mechanical
& electrical motion
controls and power
generation products.
The deal strengthens
Regal Beloit’s offerings
in the global flameproof
motors market.
Fina Enerji
Holding A.S.
Developer and
constructor of
energy projects
Turkey
Acquired Majority
Control Of Business
Operations
Polyak Enerji
Üretim
Madencilik
San. Tic. A.S.
Company engaged
in coal-based
energy generation
Turkey
Advised on Purchase
of Company
Acted as the exclu-
sive financial and
strategic advisor to
Fina Enerji Holding in
its acquisition of a 70%
stake in Polyak Enerji
Üretim Madencilik San.
Tic. A.S., a company
engaged in energy
generation.
BHP Billiton
Mining group
Australia
Secured long-term
power based on the
construction of a
new combined cycle
power plant
Kelar S.A.
Power generator
Chile
Financial Advice on
Bidding Process
Acted as financial
advisor to BHP Billiton
on the bidding process
to secure long-term
power based on the
construction and
operation of Kelar
(517 MW) combined
cycle power plant.
Sierra Gorda
SCM
A new copper
mine in Chile. US$
2.88 bn invesment
Chile
To contract power
supply for 251 MW
for 20 yrs. & the
development of a new
500 MW power plant
Empresa
Eléctrica
Cochrane S.A.
Power generator
Chile
Advised on a bidding
process to purchase
long-term power sup-
ply & development of
a new power plant
Advised Sierra Gorda
on the tendering of
a 20-year power
purchase agreement
(PPA) for its Sierra
Gorda greenfield min-
ing project, including
construction of a new
coal-fired power plant.
Empresa Eléctrica Co-
chrane S.A. (subsidiary
of AES Gener S.A.) will
supply in total 251 MW.
OtherEnergy
andPower
24 / Energy & Power
Antofagasta
Minerals S.A.
Copper mining
group
Chile
Acquired 40% Interest
in Seller’s Project
Alto Maipo
SpA
531MW hydro
power project
Chile
Advised on Purchase
of Company
Advised Antofagasta
Minerals, in its acquisi-
tion of a 40% stake in
Alto Maipo SpA, a 531
MW hydro power proj-
ect being developed
by AES Gener in the
central part of Chile.

25. WaterandWaste
Management
Nord A/S
Incineration of
hazardous waste
Denmark
Acquired 100%
of Shares
Gunnar Lund
Olieservice
A/S
Collection and
converting of
waste oil products
Denmark
Advised on Sale of
Company
Advised Gunnar
Lund Group, one of
Denmark’s market
leaders in collecting
and treating waste and
slop oil, on its sale to
Nordgroup A/S. The
acquisition enables
Nordgroup to offer
overall solutions con-
cerning disposal and
treatment of all types of
hazardous waste.
Atev Zrt
Processor of
animal waste
Hungary
Acquired Majority
Control of Business
Operations
Phoenix Farm.
Holding co of a
leading animal
waste processor
Romania
Advised on Purchase
of Company
State-owned animal
waste processor,
ATEV Zrt of Hungary,
acquired Phoenix Farm,
a holding company
owning Protan S.A., the
leading animal waste
processor in Romania.
Cofides, S.A.
Private Equity
Sovereign Fund
Spain
Acquired Investment
Interest in Seller’s
Business
Befesa
Shandong
Water
Water
Desalinization
Plant
China
Transaction Advisor
Cofides, a private
equity sovereign fund,
has acquired an invest-
ment interest in Befesa
Shandong Water, a
water desalinization
plant.
25

26. Credit
Institutions
Familienheim
Rhein-Neckar
eG
Real estate
management and
development
Germany
Acquired 100% of
shares
BFW-Bank für
Wohnung-
swirtschaft AG
Bank with focus
on the housing
market
Germany
Advised on Sale of
Company
Advised BFW-Bank für
Wohnungswirtschaft
on its acquisition by
Familienheim Rhein-
Neckar e.G. as part of a
succession agreement.
The deal enables
Familienheim to expand
its product portfolio and
more effectively lever-
age its core competen-
cies within the real
estate industry.
3i Debt
Management
Limited
A leading debt
management
business
United
Kingdom
7 European
CLOs from
Invesco
Investment
management
corporation
United
Kingdom
Advised on the
acquisition of
€ 2 billion CLO
management con-
tracts from Invesco
Advised 3i Debt
Management on the
acquisition of seven Eu-
ropean Collateralised
Loan Obligation (‘CLO’)
management contracts
from Invesco. The
transaction builds on
the company’s strategy
to grow its business
and take advantage of
attractive opportunities,
in Europe and North
America.
Banks
26 / Financials
AssetManagement
Sun Life
Financial Inc.
Insurance and
Financial Services
Canada
Acquired Outstanding
32% Minority
Ownership
McLean
Budden
Limited
Investment
manager
Canada
Advised Minority/Em-
ployee Shareholders
Sun Life Financial Inc.,
one of Canada’s largest
life insurance compa-
nies, has purchased
the minority shares
(32%) of McLean
Budden, its invest-
ment management
subsidiary, for US$144
million.
Financials
Up to $200M
Source: Thomson Reuters
1 KPMG
2 PwC
3 Rothschild
3* Lazard
5 Ernst & Young LLP
6 IMAP
7 Goldman Sachs & Co
8 Deloitte
9 Houlihan Lokey
10 BDO

27. OtherFinancials
Westland
Insurance
Group Ltd
Insurance Broker
Canada
Acquired
Atkinson Terry
Insurance
Insurance Broker
Canada
Advised on Purchase
of Business
Advised Westland In-
surance on its merger
with Atkinson & Terry.
The two companies
are among Western
Canada’s leading
insurance brokers; the
transaction strength-
ens Westland’s market
position in the region
and industry.
Ryan
Speciality
Group
Specialty
Insurance Group
United States
Acquired 100% of
Business Operations
Direct Group
plc
Insurance Service
Provider
United
Kingdom
Advised on Purchase
of Company
Advised LDC on the
sale of Direct Group,
a provider of manag-
ing general agents
(MGA) and third party
administration (TPA)
services across the
insurance industry to
Ryan Specialty Group
(RSG). The transaction
complements RSG’s
existing portfolio and
will strengthen its TPA
services.
Groupe
Faubourg SAS
Car body and
services
France
Acquired 100% of
Business Operations
Société de
Gestion
d’Etudes et de
Placements
d’Assurances
SA {SOGEPA}
Insurance -
Specialized broker
in car fleet
France
Advised on Sale of
Company
Advised Sogepa on
its sale to Groupe
Faubourg SAS. The
transaction extends
the Groupe Faubourg
portfolio to integrated
services.
Groupe
Chèque
Déjeuner
No. 3 global
provider of
voucher and
prepaid cards
France
Acquired 100% of
Business Operations
Sí Vale
(Prestaciones
Universales)
No1 Mexican
provider of
voucher and
prepaid cards
Mexico
Advised on Purchase
of Company
Advised Group Chèque
Déjeuner, third-largest
player worldwide in its
market, in its acquisi-
tion of Si Vale. The
transaction enables
the buyer to access the
American continent,
establishing Mexico
as a hub to expand in
other countries such as
Colombia, Peru, Chile,
United States and
Canada.
Level One
Bank
Commercial and
consumer banking
services as well as
deposit and loan
products.
United States
Provided Revolving
Credit Facility
Vernick
Financial
Services
Independent
consumer finance
company
United States
Advised on Debt
Placement
Advised Vernick
Financial Services, an
independent consumer
finance company, on
securing a new senior
debt facility. The new
debt facility supports
current operations and
future growth.
Insurance
27

28. Biotechnology-
Pharmaceuticals
Urfar Ilaç
Sanayi ve
Ticaret A.S.
Turkey-based
pharmaceuticals
company
Turkey
Acquired Selected
Assets of Seller
Business Operations
Bilim Ilaç
Sanayi ve
Ticaret A.S.
Turkey-based
pharmaceuticals
company
Turkey
Advised on Sale of
Company
Acted as exclusive fi-
nancial and strategic
advisor to Bilim Ilaç, a
leading manufacturer
of pharmaceuticals
in Turkey, on its
stake sale to Urfar
Ilaç. Urfar Ilaç is a
Turkey-based holding
company with an
interest in companies
engaged in wholesal-
ing pharmaceutical
products.
Healthcare
Up to $200M
Source: Thomson Reuters
1 PwC
2 KPMG
3 Houlihan Lokey
4 IMAP
5 The Braff Group
6 BDO
7 Rothschild
8 Jefferies LLC
9 Ernst & Young LLP
10 Deloitte
PrivateEquity
Firm
SilverNeedle
Hospitality
Hospitality
Services
Singapore
Signed joint venture
Abans Group
Sri Lanka based
Conglomerate
sri lanka
Joint Venture
Advised SilverNeedle
Hospitality, a leading
provider of professional
and leisure accom-
modation solutions for
the business traveler,
in its investment into a
JV with ABANS Group,
Sri Lanka, to jointly
develop a mixed-use
lifestyle center in
Colombo’s CBD.
Covington
Fund II Inc.
Venture capital
mutual fund
Canada
Acquired 100% of
Business Operations
VenGrowth
Funds
Collection of five
venture capital
mutual funds
Canada
Strategic Options,
Sale Advisory &
Fairness
Private equity firm
Covington Capital Cor-
poration has acquired,
through its Covington
Fund II Inc., the assets
of 5 VenGrowth venture
funds in a transaction
valued at US$325 mil-
lion. IMAP advised the
Special Committee of
the Board of Directors
of the 5 VenGrowth
funds.
OtherFinancials
28

29. Grünenthal
Group
Independent,
family-owned
pharmaceutical
company
Germany
Acquired Product
Portfolio from seller
Biogen®
Laboratorios
Transnational
pharmaceutical
company
Colombia
Advised on Purchase
of Product Portfolio
Advised Pharma
Group Grünenthal in
the identification as
suitable target and the
acquisition of Biogen
Laboratorios’ complete
product portfolio.
The deal enables the
privately-held Pharma
Group Grünenthal in
expanding its footprint
in Latin America.
Galderma S.A.
World-leading
dermatology
group
Switzerland
Acquired 100% of the
shares of
Spirig Pharma
AG
European
Dermatology
Group
Switzerland
Advised on Sale of
Company
Advised Spirig Pharma
on its sale to Galderma,
a joint venture of
Nestlé and L’Oreal .
The deal is expected to
significantly strengthen
Galderma’s position in
the dermatology market
in CH, DE, AT, CZ, and
SK; expand global
distribution for Spirig’s
skin care and dermatol-
ogy products.
Grupo Farma
Leading
Venezuelan
pharmaceutical
company
Venezuela
Acquired the
pharmaceutical
product portfolio
James Brown
Pharma
Ecuador-based
pharmaceutical
company
Ecuador
Advised on purchase
of assets
Advised Grupo Pharma
on its acquisition of
James Brown Pharma.
The deal is in line with
the Buyer’s strategy
of acquiring strong
brands and/or phar-
maceutical businesses
in Colombia, Peru and
Ecuador.
Stada
Arzneimittel
AG
Leading provider
of OTC and
generic drugs
Germany
Acquired 100% of
Business Operations
Spirig
Healthcare AG
OTC & generic
drugs carve-out of
Spirig Pharma AG
Switzerland
Advised on carve-out
/ sale of a Business
Unit
Advised the owners
of Spirig Pharma on
the sale of its generic
drugs and OTX busi-
ness unit. The business
unit was spun off into
a new legal entity,
which was then sold to
STADA. The transac-
tion was initiated to
leverage accelerating
global consolidation
in the generic drugs
industry.
Aventis
Pharma Ltd
Global
Pharmaceutical
Company
India
Acquired 100%
of Nutraceutical
Business Operations
Universal
Medicare Ltd
India focused
Nutraceutical
Company
India
Advised on Sale of
Company’s Nutraceu-
tical & Distribution
Business
Universal Medicare
(Universal) sold its
business of the mar-
keting and distribution
of branded nutra-
ceutical formulations
in India to Aventis
Pharma Limited (part
of the Sanofi Group).
Under the transaction,
Aventis Pharma paid
over US$125 million
as the consideration.
Universal Medicare’s
portfolio of more than
40 branded formula-
tions represents key
categories within the
nutraceutical market.
29

30. MedicalDevices-EquipmentandDiagnostics
Fort Mobile
High net worth
individual looking
for new platform
United States
Acquired 100% of
Business
Quality Mobile
X-Ray
Mobile x-ray
service provider to
nursing homes
United States
Advised on Purchase
of Company
Advised Fort Mobile
on its acquisition of
Quality Mobile X-Ray
Services, an x-ray
services provider.
Silver Peak
Partners
Private equity firm
United States
Purchased 100% of
Business Operations
Aamco
Medical
Sales and distr. of
durable medical
equipment
United States
Advised on Sale of
Company
Advised Aamco
Medical, a Lehi-based
provider of medical
equipment, on its ac-
quisition by Silver Peak
Partners. The deal is in
line with Silver Peak’s
investment strategies
for small companies.
Silver Peak
Partners
Private equity firm
United States
Purchased 100% of
Business Operations
Tibro Medical
Inc
Sales and distr. of
durable medical
equipment
United States
Advised on Sale of
Company
Advised Tibro Medical
on its sale to private
equity firm Silver Peak
Partners, in a leveraged
buyout transaction. The
operation allows Tibro
Medical to expand its
operations.
LifeLabs Inc
Medical
Laboratory Testing
Services
Canada
Acquired
BC Biomedical
Laboratories
Ltd
Medical
Laboratory Testing
Services
Canada
Advised on Sale of
Company
Advised BC Bio-
medical on its sale
to LifeLabs. Both
companies provide
patient diagnostic and
lab testing services, as
well as home care and
long-term care visits.
The two companies are
merging to better serve
BC patients and their
health providers.
Getinge AB
Healthcare and life
sciences products
provider
Sweden
Acquired 100% of
Business Operations
Acare Medical
Science Ltd
Production
of medical
equipment
China
Advised on Purchase
of Company
Advised Getinge on
its acquisition of all
the shares of Acare
Medical Science, a
leading China manufac-
turer and supplier of
medical equipment.
The acquisition will
be combined with
Getinge’s Extended
Care business area to
improve their potential
for growth in China.
30 / Healthcare

31. Bausch &
Lomb Inc
Global player
in the eye care
business
United States
Acquired 100% of
Business Operations
Laboratorios
Pförtner
Cornealent
S.A.
Leading contact
lens manufacturer
Argentina
Advised on Sale of
Company
Bausch & Lomb, Inc.,
the global eye health
company, has acquired
100% of the outstand-
ing shares of Waicon, a
division of Laboratorio
Pförtner Cornealent.
Waicon is the Argen-
tinean market leader in
contact lenses and lens
care products.
Halma plc
Safety, health and
sensor technology
group
United
Kingdom
Acquired 100% of the
shares
Medicel AG
Single-use
Intra-Ocular lens
injectors
Switzerland
Initiated the transac-
tion and advised
buyer (in cooperation
with OEM Capi-
tal - former IMAP
member)
Halma plc., to expand
its fast-growing
health optics division,
acquired 100% of
the share capital of
Medicel AG, Wolfhal-
den, Switzerland, a
leading manufacturer
of disposable injectors
for intraocular lenses,
in an early succession
solution from its owner
who continues to
manage the company.
The English Halma is
a multi-country client
of IMAP and a serial
acquirer.
DASA -
Diagnósticos
da América
S.A. (BOVESPA:
DASA3)
Medical
diagnostics
company
Brazil
Acquired 100% of
Business Operations
MD1
Diagnósticos
Medical
diagnostics
company
Brazil
Advised on Purchase
of Company
DASA - Diagnósticos
da América, a Brazilian
leader in the diagnostic
medicine space, has
acquired the entire
share of MD1 Diagnos-
ticos and its subsidiar-
ies operating in the
segment of clinical
analysis and diagnostic
imaging for US$1.2
billion. MD1 subsidiar-
ies are Laboratórios
Médicos Dr. Sérgio
Franco Ltda., CDPI –
Clínica de Diagnóstico
por Imagem Ltda.,
Clínica de Ressonância
e Multi Imagem Ltda.,
Pro-Echo Cardiodata
Serviços Médicos Ltda.
TPG Growth
LLC
TPG Capital is
a global private
investment firm
with USD 54.5 bn
of capital under
management
United States
Provided Growth
Funding
Sutures
India Private
Limited
Manufacturer,
marketer and
exporter of
surgical sutures
India
Advised on Equity
Placement
Advised TPG Growth,
a unit of U.S. private
equity firm TPG Capital,
on its investment of
$22.9m in Sutures India
Pvt Ltd, a privately-held
medical consumables
firm. The transaction
marks the first invest-
ment by TPG Growth
in the Indian medical
devices space.
Group of
financial
institutions
Financial
Institutions
Spain
Provided new funding
Palex Medical,
S.A.
Distribution of
medical devices
Spain
Advised on Debt
Placement
Advised Palex Medical
SA, a Barcelona-based
provider of medical
devices, on its debt
raise from a group of
financial entities. The
transaction will finance
working capital needs.
31

32. OtherHealthcare
Humana Inc.
(NYSE:HUM)
A healthcare
insurance and
service company
United States
Acquired
Metropolitan
Health
Networks Inc.
Offers operation of
a provider services
network
United States
Advised on Sale of
Company
Advised Health
Networks Inc. on its
sale to Humana Inc.
(NYSE:HUM).
CONMED
Corporation
Provides surgical
devices and
equipment
United States
Joint Development
and Distribution
Agreement and
Purchase of Certain
Assets
Musculoskel-
etal Transplant
Foundation
Non-profit tissue
bank
United States
Advised the Buyer
Advised CONMED
Corporation on its entry
into an agreement
with MTF, to act as
the latter’s exclusive
worldwide marketing
representative for the
sports medicine al-
lograft product line and
worldwide distributor
for platelet-rich plasma
products.
QuadMed, LLC
On-site primary
care clinics
& wellness
programs
United States
Acquired 100% of
Business Operations
Novia
CareClinics,
LLC
On-site primary
care clinics
& wellness
programs
United States
Advised on Sale of
Company
Advised Novia Care-
Clinics, a wellness
center operator, on
its sale to QuadMed.
The deal enables both
companies to offer the
best of their respec-
tive models to a wider
range of employers
seeking to improve
access to quality
healthcare while also
reducing costs.
Healthfirst,
LLC
A not-for-profit
managed care
organization
United States
Acquired
Neighborhood
Health
Providers, LLC
Provider of
health insurance
programs
United States
Advised on Purchase
of Company
Advised Healthfirst,
Inc. on its acquisition of
Neighborhood Health
Providers, LLC. The ac-
quisition allows Health-
first to strengthen its
offerings and customer
service.
PatientServices(HMOs,Hospitals,Sr.Facilities)
32 / Healthcare
MedicalDevices-
Equipment...
LDC backed
management
team
UK-based private
equity house
United
Kingdom
Acquired 100% of
Business Operations
Prism UK
Medical Ltd
Moving and
handling
equipment
manufacturer
United
Kingdom
Advised on Sale of
Company
Assisted Prism Medical
on its strategic objec-
tive to exit the UK via
the sale of its UK
subsidiary through an
MBO backed by LDC.
IMAP also advised
the acquirer on debt
financing for the trans-
action, after running a
competitive process
with funders.

33. 33
Mid Europa
Partners LLP
UK-based private
equity firm
United
Kingdom
Acquired 65% of the
Shares
Kent Hospital
Group
Hospital
Management
Turkey
Advised on Sale of
the Company
Mid Europa Partners, a
London-based indepen-
dent private equity firm,
has acquired a 65%
stake in Kent Hastane
Grubu, a leading private
hospital operator based
in Izmir, Turkey.
Cab Merger
Sub Inc
Operates provider
services network
(PSN) in the
United States
United States
Acquired 100% of
Shares
Continucare
Corporation
Primary care
physician network
and services
United States
Buyside M&A
US - Cab Merger Sub
Inc, a wholly-owned
unit of Metropolitan
Health Networks,
healthcare services
provider, has acquired
100% of capital
share of Continucare
Corporation, providing
primary care physician
services, for US$416
million.
PBZ Intesa
Bank
Bank
Croatia
Provided Investment
Funding
Medikol d.o.o.
Private diagnostic
clinical center
Croatia
Advised on Debt
Placement
Poliklinika Medikol,
Medikol group, has
successfully raised 26.0
million euros for the
construction of a new
medical center (Medi-
cal Centre Medikol-
“MCM”) in Zagreb,
Croatia.
Fiba Sa lık
Yatırımları A. .
Fiba Group
Company engaged
in operating
hospitals
Turkey
Acquired Investment
Interest in Seller’s
Business
Florence
Nightingale
Hastaneleri
Holding A. .
One of the most
prestigious health
groups in Turkey
Turkey
Advised on Sale of
Company
Fiba Sağlık Yatırımları
A. ., a Fiba Group
company, has acquired
a 50% stake in Florence
Nightingale Hastaneleri
Holding A. ., one of the
most prestigious health
groups in Turkey.
IMAP acted as
exclusive financial and
strategic advisor to
Florence Nightingale
Hastaneleri sharehold-
ers during the process.

34. AerospaceandDefense
Rop Pol
Bogdan
Niedziesk
Trade of fuels
Poland
Acquired 100% of
votes at General
Meeting of
Shareholders
Fabryka
Amunicji
Mysliwskiej
FAM-PIONKI
Sp. z o.o.
Production of
ammunition
(hunting sporting
purposes)
Poland
Advised on Sale of
Company
Advised Cenzin Sp. z
o.o. (defense sector), in
the process of sale of
its subsidiary – Fabryka
Amunicji Mysliwskiej
PIONKI Sp. z o.o.
(ammunition manufac-
turer). The transaction
is a part of Cenzin plan
to focus on its core
activity.
Meggitt Plc
Manufacturer
of extreme
environment
components
United
Kingdom
Acquired Majority
Control of Business
Operations
Precision
Micro -
Fotomechanix
Ltd.
Manufacturer of
speciality metal
components
United
Kingdom
Advised on Sale of
Company
Advised the sharehold-
ers of Precision Micro,
Europe’s leading pho-
tochemical machining
business, on its sale to
Meggitt PLC. The ac-
quisition allows Meggitt
to integrate Precision
Micro’s unique,
bespoke photo etching
capabilities into its suite
of process engineering
capabilities.
34 / Industrials
Intro Aviation
GmbH
Specialists
in airline
restructuring.
Germany
Acquired 100% of
Business Operations
CityJet
Regional business
airline
Ireland
Advised on Sale of
Subsidiary
Advised Air France on
the sale of its Irish sub-
sidiary CityJet to INTRO
Aviation GmbH, a
subsidiary of the INTRO
Group. Intro Aviation
focuses on restructur-
ing airlines and CityJet
is its eleventh such
investment.
Industrials
Up to $500M
Source: Thomson Reuters
1 PwC
2 KPMG
3 Ernst & Young LLP
4 IMAP
5 Deloitte
6 Rothschild
7 Lazard
8 Lincoln International
9 M&A International
9* Nomura

35. Saab AB
Listed defence and
security company
Sweden
Made intended public
offer
Hitt NV
Listed developer
of aviation &
maritime software
Netherlands
Advised on Sale and
Delisting of Company
Advised Saab AB, the
major shareholder of
HITT N.V., on HITT’s
delisting from the
NYSE Euronext. The
transaction will enable
Saab to strengthen its
operations in the traffic
management market.
Merlinum AB
Private industrial
investment
company
Sweden
Acquired 100% of
business operations
Swepart
Transmission
AB
Manufacturer of
gearboxes and
gearwheels
Sweden
Advised on Sale of
Company
Advised Hexagon on its
divestment of SwePart.
Taken private by Hexa-
gon in 1999, SwePart,
with EBP, comprised
Hexagon’s “Other
Operations” division.
EBP was sold in 2013;
this deal is in alignment
with Hexagon’s strat-
egy to focus on its core
business.
ABI-
Showatech
India Limited
Provides technical
R&D services
India
Acquired
Ross Casting
& Innovation
llc
Manufactures
cast aluminum
turbocharger
components
United States
Advised on Sale of
Company
Advised on the sale of
Ross Casting & Innova-
tion, a global leader in
the manufacturing of
cast aluminium turbo-
charger impellers. The
transaction provided
a value-maximizing
exit for Ross’s ultimate
parent, Tennenbaum
Capital.
Undisclosed
Buyer
Manufacturing
of molded parts
(zamak)
France
Acquired Investment
Interest in Seller’s
Business
S.I.M.I. SARL
Manufacturing
of molded parts
(zamak)
France
Advised on Recapi-
talization of Company
Advised the minor-
ity shareholder of
France-based S.I.M.I.,
a successful manu-
facturer of molded
parts, on selling an
investment interest to
an undisclosed buyer.
The capital reorganiza-
tion strengthens the
financial capabilities of
S.I.M.I.
Applus Idiada
Design, test,
engineering &
homologation
service
Spain
Acquired 100% of
Business Operations
Shanghai EDI
Automotive
Technology
Co., Ltd
Auto engineering
and design
China
Advised on Purchase
of Company
Advised Idiada
Automotive on its ac-
quisition of Shanghai
EDI Automotive, an
automotive design
provider. The transac-
tion increases Idiada’s
capacity to offer local
support to its clients
operating in China.
AutomobilesandComponents
35

36. AutomobilesandComponents
TBC
Corporation
Sale of tires for
the automotive
replacement mkt.
United States
Acquired 100% of
Business Operations
Midas Inc.
Retail automotive
services
United States
Advised on Purchase
of Company
Advised TBC Corp., a
major tire retailer and
distributor, on its ac-
quisition of Midas. The
purchase significantly
expands TBC’s network
of retail locations in the
US and abroad.
Motherson
Sumi Systems
Ltd
Manufacturer of
wide range of auto
components
India
Acquired Majority
Control Of Business
Operations
Peguform
GmbH
Manufacturer
of plastic auto
components
Germany
Advised on Purchase
of Company
Motherson Sumi
Systems Ltd (MSSL),
an Indian Company in
the auto components
space, acquired a
majority stake in the
German firm, Peguform
GmBH, in July 2011.
Peguform manufac-
tures plastic compo-
nents and is a Tier-1
supplier to global cli-
ents like Volkswagen,
BMW, and Porsche,
with operations spread
across Germany,
Spain, Portugal, Latin
America, and China. In
2010, Peguform had a
turnover of 1.4 billion
euros. The transaction
is one of the largest
deals in the Indian auto
components sector.
36 / Industrials
O2 Equity
Partners
Family Office
United States
Acquired 100% of
Business Operations
Mercury
Manufacturing
Company
Precison value
manufacturer
United States
Advised on Sale of
Company
Advised Mercury’s
sole shareholder in the
sale of the company to
O2. Mercury’s owner
sought to retire. For
O2, the acquisition
broadens its portfolio
of niche manufacturing
companies, while pro-
viding a new platform
investment.
Inter IKEA
Investments AB
Investment group
Sweden
Acquired 40% of
Business Operations
Ryds Bilglas
AB
Leading vehicle
glass repair and
replacement
group
Sweden
Advised on Sale of
Company
Advised Ryds Bilglas
on its sale of a 40%
stake to Inter IKEA
investments. The deal
provides Ryds with an
opportunity to build a
stronger platform. Dur-
ing the deal process,
Ryds Bilglas acquired
Sweden’s third largest
glass player, Samglas.
Grupo
Gerencial
Private investors
Argentina
Acquired 70% share
Mecanismos
International
SA
Argentine market
of OEM
Argentina
Advised on Purchase
of Company
Advised Mecanismos
International SA, a
Buenos Aires-based
manufacturer of motor
vehicle parts, on the
divestment of a 70%
interest in the com-
pany to an undisclosed
acquirer.

37. Capidea
Private Equity
Group
Denmark
Acquired Majority
Control of Business
Operations
Klokkerholm
Karosseridele
A/S
Auto spare
parts for the
independent
aftermarket
Denmark
Advised on Sale of
Company
Capidea, a Danish pri-
vate equity group, has
acquired the majority
stake in Danish auto
spare parts distributor
Klokkerholm Karos-
seridele.
Panostaja Oyj
Listed private
equity firm
Finland
Acquired 100% of the
shares
KotiSun Oy
Standardized
HV projects
for domestic
properties
Finland
Advised the Sellers
Advised KotiSun Oy,
a water and heating
network renovation
services provider, on
its sale to Panostaja
Oyj. The deal enables
Panostaja to expand its
business operations to
a new business area
specializing in building
renovation technology
for homes.
Masonite
International
Corporation
Global door
designer and
manufacturer
United States
Acquired 100% of
Business Operations
Door-Stop
International
Ltd
Manufacturer of
composite exterior
doorsets
United
Kingdom
Advised on Sale of
Company
Advised the share-
holders of Door-Stop
International on the
cross-border sale to
Canadian trade buyer
Masonite International.
The transaction allows
Masonite to strengthen
its global manufac-
turing network and
provides a gateway
into the UK composite
entrance door market.
Undisclosed
Buyer
Private Investor
Belgium
Acquired 100% of
Business Operations
Dugardein - De
Sutter nv
Building
industry - metal
constructions
Belgium
Advised on Sale of
Company
Advised Dugardein de
Sutter NV, a Melle-
based manufacturer of
steel, on its sale to an
undisclosed acquiror.
MiTek
Industries
Supplier of
structural
connector systems
United States
Acquired 100% of
Business Operations
Benson
Industries llc
Provider
of custom
curtainwall and
cladding
United States
Advised on Sale of
Company
Advised on the sale of
Benson Ind. to MiTek
Ind., a subsidiary of
Warren Buffett’s
Berkshire Hathaway
Inc. Benson is the
global leader of custom
unitized curtain wall
systems for high-end
commercial buildings
worldwide.
Building/ConstructionandEngineering
37

38. CIMS Limited
Partnership
Industrial
Maintenance
Services
Canada
Acquired
Kamtech
Services Inc.
Industrial
Maintenance
Services
Canada
Advised on Sale of
Company
Advised Kamtech, a
Canada-based building
trade and industrial
maintenance contrac-
tor, on its sale to CIMS,
a Yellow Point Equity
Partners portfolio com-
pany. The acquisition
expands CIMS’ market
share in Western
Canada.
KNAUF LA
RHENANE
Manufacturing
for building
and packaging
industry
Germany
Acquired 100% of
Business Operations
POLYDEC
Manufacturing
for building
and packaging
industry
France
Advised on Purchase
of Company
Advised Knauf La
Rhenane, a leading
manufacturer in the
building and packag-
ing industry, on its
horizontal acquisition
of Polydec. This deal
strengthens Knauf
La Rhenane’s market
position in line with its
expansion strategy.
Building/ConstructionandEngineering
38 / Industrials
LDC / Newco
Private Equity
United
Kingdom
Acquired
Rimor Limited
Precision
engineering
services
United
Kingdom
Advised on Sale of
Company
Advised the sharehold-
ers of Rimor on its sale
to management backed
by LDC. The deal
provides the capital
required to support
continuing growth and
expansion, including
sites in the UK and
potentially overseas.
TBI Infra B.V.
Construction
company
Netherlands
Acquired 100% of
Shares
SPIE
Construction
Services B.V.
Civil concrete
construction
company
Netherlands
Advised on Sale of
Company
Advised SPIE Neder-
land on the divestment
of its non-core civil
construction company,
SPIE Construction
Services, to TBI
Infra, one of the largest
Dutch construction
companies.
Group of
private
investors
Group of private
investors
Russia
Acquired 51% Stake
Remput
Large Russian
railroad EPC
contractor
Russia
Advised on Sale of
Company
Advised Remput, a
large Russian railroad
EPC contractor, on the
sale of its 51% stake
to a group of private
investors. With the
entrance of a new
strategic investor the
Company plans to fur-
ther expand its project
portfolio, geographical
presence and attract
new clients.

39. Sec Partners
& Ciclad
Private Equipy
Group
Switzerland
Acquired Investment
Interest in Seller’s
Business
F Bernasconi
& Cie SA
A leading
construction &
civil engineering
group
Switzerland
Advised on Sale of
Company
Advised Bernasconi on
the reorganization of
its shareholding with
the Geneva-based
private equity firm
SEC Partners and the
French private equity
fund Ciclad. The invest-
ment is in line with
Bernasconi’s growth
strategy within the
Suisse romande region.
Prosperus FGS
Private Equity
Fund
Croatia
Acquired 26.5%
Minority Share -
Increase in capital
Vodoskok d.d.
& Heplast -
pipe d.o.o.
Leading
wholesaler
& producer of
pipes and fittings
Croatia
Advised on Sale of
Company
Advised Vodoskok on
its sale of a minority
stake to private equity
company PROSPERUS-
INVEST. Funds will be
used for further devel-
opment and invest-
ments in upgrading the
production facilities in
Vodoskok’s subsidiary.
Vinci Partners
One of the
leading Brazilian
Private Equity
Groups
Brazil
Acquired 70%
(Majority Control) of
Business Operations
Cecrisa
Manufacturer of
ceramic floors and
tiles
Brazil
Advised on Sale of
70% of Company
Advised Cecrisa on the
sale of a 70% interest
to Vinci Partners, an
equity fund seeking
an opportunity in the
industry.
Axtone Sp. z
o.o.
Impact energy
absorption
technology for rail
cars
Poland
Acquired 100% of
Business Operations
Langen &
Sondermann
GmbH & Co.
KG
Spring production
for railway-
machinery
industry
Germany
Advised on Purchase
of Company
Advised the Axtone
Group on its acquisition
of a German manu-
facturer of coil and
leaf springs for rolling
stock. The deal is in line
with Axtone’s strategy
to provide a central-
ized supply source for
the complex system of
railway components
and services.
ISIS Equity
Partners
Private Equity
Firm
United
Kingdom
Acquired Investment
Interest in Seller’s
Business
Hurleypalmer-
flatt
Provider of
consulting
engineering
services
United
Kingdom
Advised on Purchase
of Company
Advised ISIS Equity
Partners, a private
equity firm, in acquir-
ing a minority stake
in Hurleypalmerflatt,
a mechanical &
electrical engineering
design, and energy &
sustainability consul-
tancy.
39

40. Office Group
Belgium BvbA
Lease of and
services for MFP’s
Belgium
Acquired 100% of the
Shares in
Hagero BV
Lease of and
services for MFP’s
Netherlands
Advised on Sale of
Company
Office Group Belgium
BVBA of Belgium,
acquired the entire
share capital of Hagero
BV, a Barendrecht-
based company that
manufactures and
wholesales multifunc-
tional printers, from H.
de Zeeuw Beheer BV.
Dr. Dieter
Murmann
Beteiligungsges
Family Office
Direct Investments
Germany
Acquired 100% of
Business Operations
Erichsen
Group
Testing
equipment
Germany
Advised on Sale of
Company
Advised the German
engineering group led
by ERICHSEN Beteili-
gungs GmbH, Hemer,
with subsidiaries in
Germany and France,
on its acquisition from
BPE by Dr. Dieter
Murmann Beteiligungs-
gesellschaft mbH.
Machinery
40 / Industrials
Caja Canarias
Regional savings
bank
Spain
Fronpeca
Civil & residential
construction
company
Spain
Advised on Debt
Refinancing
Fronpeca, a Span-
ish civil works and
residential construction
company, was advised
on a L/T debt restruc-
turing transaction.
Ares Capital
Corporation
Specialty finance
company
regulated as
a Business
Development
Company
United States
MacLean-Fogg
Company
Manufactures
automotive and
power utility
products
United States
Advised on
Debt Placement
Advised MacLean-
Fogg Company, Inc.
on its issuance of
$100 million of senior
subordinated debt to
Ares Capital Corpora-
tion. As a result of the
transaction, MacLean-
Fogg significantly
reduced its overall
cost of capital and po-
sitioned the company
to continue its strong
growth trajectory.
Logopak
Systeme
GmbH & Co.
KG
Manufacturer of
labeling systems
Germany
Acquired 100% of
Business Operations
LSS
Etikettering
A/S
Manufacturer of
labeling systems
Denmark
Advised on Sale of
Company
Advised LSS Etiketter-
ing, the leading manu-
facturer of customized
labeling systems in
Scandinavia, on its sale
to Logopak Systeme,
a top European manu-
facturer of logistical
integrated labeling
systems. The acquisi-
tion provides numerous
synergies to both
companies without loss
of independence.
Industrial
Conglomerates
Building/
Construction...

41. PP Capital
AG & Vector
Management
GmbH
Private equity and
management
Austria
Acquired 75% of
Business Operations
Penz Crane
GmbH
Mobile crane
& equipment
manufacturer
Austria
Advised on Recapi-
talization of Company
Advised Penz Crane
GmbH on the sale of
75% of its business op-
erations to an investor
group comprised by PP
Capital AG and Vector
Management GmbH.
Connector
Specialists,
Inc.
Parker Hannifin
Fluid Power
Distributor
United States
Acquired 100% of
Business Operations
Bay Shore
Fluid Power,
Inc.
Parker Hannifin
Fluid Power
Distributor
United States
Advised on Purchase
of Company
Advised Connector
Specialists on its acqui-
sition of the assets of
Bay Shore Fluid Power,
a Mobile, Alabama-
based wholesaler of
hydraulic and pneu-
matic components. The
deal expands Connec-
tor’s brand portfolio.
SE Blue Equity
Private Equity
Group focusing on
cleantech
Denmark
Acquired Majority
Control Of Business
Operations
Roll-o-Matic
A/S
Develops
machines
producing plastic
bags on rolls
Denmark
Advised on Sale of
Company
Advised Roll-o-Matic
A/S, a global leader
in development and
manufacture of
machines and auxiliary
equipment for produc-
ers of plastic bags on
rolls, on its sale to SE
Blue Equity, a Danish
PE Group focusing on
cleantech invest-
ments in Denmark. The
acquisition expands
Roll-o-Matic’s market.
Undisclosed
Buyer
Family Office
Portugal
Acquired Majority
Control of Business
Operations
Cheto
Corporation,
Lda
Manufacturer of
machinery for
molds industry
Portugal
Advised on Sale of
Company
Group Cillo divested
its HETO Corporation
SA unit, an Oliveira de
Azemeis-based manu-
facturer of industrial
machinery for the mold
manufacturing process,
to an undisclosed
acquirer.
Tetra Pak
International
AB
Packaging,
processing and
distribution
solutions
Sweden
Acquired 100% of
Business Operations
DSS Silkeborg
A/S
Membrane
filtration
technology
Denmark
Advised on Sale of
Company
Advised DSS Silkeborg
on its sale to Tetra
Pak International in
a structured auction
process with multiple
bidders. The transac-
tion will enable Tetra
Pak International AB
to strengthen existing
operations.
41

42. RENA GmbH
Equipment and
chemical process
technology
Germany
Acquired 94% of
Shares of
Stulz H+E
Holding GmbH
Technology water
purification &
renewable energy
Germany
Adviced on Purchase
of Company
Advised RENA, a
leading supplier of
production systems for
the wet chemical pro-
cessing of substrates
for the photovoltaics
and semiconductor
industries, on a capital
injection to Stulz H+E.
The transaction will
foster further growth of
the SH+E Group.
Guangxi
Liugong
Machinery
Leading Chinese
construction
equipment
manufacturer
China
Acquired 100% of
Business Operations
Division I HSW
S.A.
Producer of
construction
equipment
Poland
Advised on Sale
of a Division of the
Company
Advised Huta Stalowa
on its sale of a divi-
sion to China-based
LiuGong Machinery.
The deal is expected to
strengthen LiuGong’s
market position.
LiuGong Machinery
has a publicly-stated
goal of becoming one
of the world’s top 10
construction equipment
manufacturers by 2015.
Machinery
42 / Industrials
Aures
Technologies
SA
Manufacturer of
EPOS hardware
for retail+hospitali
France
Acquired 100% of
Business Operations
J2 Systems
Technology
Limited
Designer,
manufacturer of
touch screen POS
United
Kingdom
Advised on Sale of
Company
Advised J2 Systems
Technology on its sale
to Aures Technologies
SA. The deal enables
Aures to become one
of the leading global
players in the POS
market.
Mann+Hummel
Group
M+H develops
and manufactures
automotive
components
Germany
Acquired 100%
of Business
Operations of
Bengbu Haoye
Filter
One of the leading
filter suppliers in
China
China
Advised on Purchase
of Company
Advised MANN+
HUMMEL in its
acquisition of 100% of
Benghu Haoye Filter,
a leading Chinese
supplier of filters
primarily to the auto-
motive aftermarket.
The transaction helps
MANN+HUMMEL
take advantage of a
strong local brand and
distribution network in
China.
Pentaco
Partners A/S
Danish private
equity company
Denmark
Acquired 100% of
JSB Plast
Core material kits
for wind turbine
blades
Denmark
Advised on sale of
the company
Advised JSB Plast,
the world’s leading sup-
plier of both foam and
balsa core kits for the
manufacture of wind
turbine blades, on the
sale of an 80% interest
to a group of various
investors.

43. Bela Beheer
BV
Industrial
investors group
Netherlands
Acquired 100% of the
Business
Citechma
Holding BV
Group of industrial
production +
trading companies
Netherlands
Advised on Sale of
Group of Industrial
Companies
Advised Citadel Enter-
prises in selling 100%
of Citechma Holding,
a group of industrial &
trading companies to
an industrial investors
group, Bela Beheer.
Troester GmbH
& Co KG
Extrusion lines
manufacturer
Germany
Acquired 100%
Business
X-Compound
GmbH
Compounding
equipment
manufacturer
Switzerland
Advised on Sale of
Company
The Swiss X-Com-
pound is a highly
successful company
operating in the niche
segment of Co-Knead-
ers for plastics com-
pounding and chemical
processes. It was sold
as a succession solu-
tion for the owners who
continue to manage
the company for the
German family-owned
Troester Group, which
has expanded its
product range through
the transaction.
Howden Group
PLC
Supplier of fans,
heat exchangers
and compressors
United
Kingdom
Acquired 100% of the
Issued Share Capital
Thomassen
Compression
Systems B.V.
Delivery of
Compressors for
Oil & Gas industry
Netherlands
Advised on Sale of
Company
Charter International,
through its subsidiary,
Howden, a world-
leading air and gas
handling division, has
acquired the entire
issued share capital of
Thomassen Compres-
sion Systems, a leading
supplier of high-power
engineered compres-
sors to the oil and gas
and petrochemical
industries, from Citadel
Industries.
Alta a.s.
Engineering
company focused
on CEE & Russia
Czech Republic
Acquired 100% of
Business Operations
Skoda
Machine Tool
a.s.
Producer of large
machine tools
Czech Republic
Financial Advisory on
Purchase of Company
Skoda Machine Tool,
a world’s leading
manufacturer of heavy
horizontal milling and
boring machines, has
been acquired by Alta,
one of the most promi-
nent Czech trade-engi-
neering companies.
Bobst Group
Leading packaging
machinery
company in Europe
Switzerland
Acquired 65% of
Shares
Shanghai
Eternal
Machinery
Co. Ltd Flat
bed diecutting
& creasing
machine mfg.
China
Advised on Purchase
of Company
Bobst Group, a leading
packaging machinery
company in Europe,
has acquired 65% of
the share capital of
Gordon Ltd., the Hong
Kong-based holding
company of Shanghai
Eternal Machinery
Co., with the option to
purchase the remain-
ing shares. Shanghai
Eternal Machinery Co.
is one of the leading
Chinese companies,
specialized in the
manufacturing of auto-
matic/semi-automatic
flat-bed die cutting and
creasing, foil stamping
as well as folding &
gluing equipment.
43

44. Eden Springs
Beverage vending
solutions
Switzerland
Acquired 100% of
Business Operations
Kafevend
Holdings Ltd
Coffee vending
solutions
United
Kingdom
Advised on Sale of
Company
Advised the sharehold-
ers of Kafevend on its
cross-border sale to
Eden Springs. The sale
delivers great exit for
ISIS Equity Partners;
an opportunity for
Kafevend’s manage-
ment team to continue
business growth; and
an excellent strategic
positioning opportunity
for Eden in the UK.
Undisclosed
Buyer
Family Office
Germany
Acquired 100% of
Business Operations
BLT Blech &
Lasertechnik
GmbH
Stainless steel
machining
Germany
Advised on Purchase
of Company
Advised a German
Family Office in its ac-
quisition of 100% of the
business operations of
BLT Blech & Lasertech-
nik GmbH, a processor
of sheet-metal primarily
focused on stainless
steel.
OtherIndustrials
44 / Industrials
Multiples
Alternate
Asset
Management
Multiples is
an investment
advisory firm that
manages more
than USD 400
million of PE funds
India
Acquired 50% interest
in Milltec Pvt Ltd
Milltec
Machinery
Private
Limited
Manufacturer of
agro processing
machinery
India
Advised on Equity
Placement
Advised on a manage-
ment-led shareholder
buyout in partnership
with Multiples, one of
India’s leading private
equity firms. The trans-
action strengthens the
management’s focus
on transforming Milltec
into India’s foremost
agro-processing ma-
chinery and services
business.
Various
Investors
Undisclosed
company
description
United States
Invested in Initial
Public Offering
Rexnord
Corporation
Manuf services
process and
motion control
products
United States
Initial Public Offering
Served as a co-manag-
er on the US$425M IPO
of Rexnord Corporation,
a growth-oriented,
multi-platform industrial
company.
American
Crane Group
Newly formed
parent company
of AE & 4OCG
United States
Acquired 100% of
Business
4OCG
Overhead crane
service company
United States
Advised on Merger
with American
Equipment
Advised 4OCG, an
overhead crane ser-
vice company, on its
merger with American
Equipment. A parent
company, American
Crane Group, was also
formed in the process.
Machinery

45. Mosaic Capital
Corp
Private Equity
Firm
Canada
Acquired Majority
Control of Business
Operations
Industrial
Scaffold
Services Ltd
Scaffolding
services for
industrial clients
Canada
Advised on Sale of
Company
Advised Industrial
Scaffold Services Ltd.,
a provider of indus-
trial and commercial
scaffolding throughout
Western Canada, on its
sale to Mosaic Capital
Corp. The transaction
with Mosaic supports
the company‘s growth
and diversification
strategy.
Danube SCA
Sicar
Private Equity firm
Luxembourg
Acquired 100% of
Business Operations
Ramirent Oyj
Equipment Rental
Company
Hungary
Advised on Purchase
of Company
Advised Danube on
the acquisition of the
operations of Ramirent,
a provider of machin-
ery rental services, in
a leveraged buyout
transaction. This falls in
with Danube’s strategy
to enter new markets.
LDC
Private Equity
United
Kingdom
Acquired 100% of
Business Operations
Angus Fire Ltd
Manufacturer
of fire fighting
products/
technology
United
Kingdom
Advised on Purchase
of Company
Supported the £62m
MBO of Angus Fire
from NYSE-listed
United Technology
Corporation. PE firm
LDC took a major
equity stake in the
newly-created entity
as part of the deal; will
capitalize on growing
global demand for its
products within the oil
& gas sector.
PRP-Porvoo
Oy
Manufacturer
of sheet metal
battens
Finland
Acquired 100% of
Business Operations
Porvoon
Peltimestarit
Oy
Manufacturer
of sheet metal
battens
Finland
Advised on Sale of
Company
Advised Porvoon
Peltimestarit Oy, a
manufacturer of win-
dow and other sheet
metal battens, on its
sale to PRP-Porvoo Oy.
The acquisition broad-
ens PRP-Porvoo Oy’s
product and service
portfolio.
Worthington
Cylinders Corp
Diversified metals
manufacturer
United States
Acquired 100% of
Business Operations
Westerman
Cos
Manufacturer
of oil and gas
production units
United States
Advised on Sale of
Company
Advised Westerman
Companies, the only
North American man-
ufacturer of enriched
UF6 storage/transpor-
tation cylinders for the
nuclear industry, on
its sale to Worthington
Cylinders Corp, a
unit of Worthington
Industries Inc.
45

46. Diploma PLC
Supplier of
specialized
technical products
United
Kingdom
Acquired 80% of
Shares
Kentek Oy
Supplier of
filtration products
and services
Finland
Advised on Sale of
Company
Advised Kentek Oy, a
distributor of compo-
nents for heavy duty
on-road and off-road
equipment, on its sale
to Diploma PLC. This
acquisition enables
Diploma to extend the
reach of its Seals busi-
nesses into new and
emerging markets.
Greencarrier
AB
Specialist in global
transport solutions
Sweden
Acquired 100% of
Business Operations
Trana
Spedition AB
Logistic and
transport
company
Sweden
Advised on Sale of
Company
Advised Trana
Spedition, a Swedish
logistics & transport
company, on its sale to
Greencarrier, a leading
Nordic specialist in
global transport solu-
tions. Trana and its road
transport solutions to/
from Finland reinforce
the acquirer’s focused
initiatives in the Nordic
and Baltic regions.
TransportationandInfrastructure
46 / Industrials
The ComVest
Group, USP
Holdings Inc
Private Equity
United States
Acquired 100% of
Business Operations
United States
Pipe and
Foundry
Company, LLC
Ductile iron
pipes and joint
restraint
products
United States
Buyside Advisory
Advised Wynnchurch
Capital on its strategic
acquisition of U.S. Pipe,
a major supplier of
ductile iron pipes and
joint restraints to the
water infrastructure
market.
Fisher-Barton
Group
Industrial blades
United States
Acquired 100% of
Shares
Zenith Cutter
Co.
Industrial blades
United States
Advised on Sale of
Company
Zenith Cutter Co. has
been acquired by The
Fisher-Barton Group.
Zenith is a leading
manufacturer and
supplier of industrial
replacement blades
and related parts and
accessories. Zenith
has operations in Loves
Park, Illinois and Ho
Chi Minh City, Vietnam.
The Fisher-Barton
Group is a leading OEM
supplier of lawn-mower
blades and agricultural
knives.
CataCap
Management
ApS
Danish PEG
focused on the
SME market
Denmark
Acquired Majority
Control Of Business
Operations
Handicap-
Befordring &
Colum-bus
Provider of special
care transport
services
Denmark
Advised on Sale of
Company
Advised on the merger
of Handicap-Befordring
and Colum-bus, the
clear market leader
within special care
transport services in
Denmark, on its sale
to CataCap, a Danish
private equity group
with a focus on compa-
nies with high growth
potential within the
Danish SME-segment.
OtherIndustrials

47. DIF
Infrastructure
III
Infrastructure
focused fund
management
company
Netherlands
Acquired Seller’s 34%
Interest in the Asset
SIAC
Infrastructure
Fund Ltd.
(owning a
34% interest
in Eurolink
Motorway
Operation
Limited)
M4M6 Kinnegad
Kilcock Toll Road
(PPP Scheme)
Ireland
Advised SIAC PPP
on the sale of its 34%
interest in the M4M6
Kinnegad Kilcock
Toll Road
Advised SIAC PPP
Investments on the
sale of its interest in
the M4 / M6 Kinnegad
– Kilcock Toll Road,
to DIF, a leading Eu-
ropean Infrastructure
fund. The transaction
illustrated an interna-
tional appetite for Irish
infrastructure assets.
Sierra Gorda
SCM
A new copper
mine in Chile.
(US$ 2.88 bn
invest.)
Chile
Advice for 19-year
port services contract
for one million tonnes
per year of copper
concentrate
Antofagasta
Terminal
Internacional
S.A.
Multi-purpose port
terminal
Chile
Advised on bidding
process for develop-
ment of new port fa-
cilities and provision
of LT port services
Advised Sierra Gorda
SCM on the bidding
process for develop-
ment of new port
facilities and provision
of long-term port ser-
vices to store and ship
copper concentrates
(up to 1 million tons
per year). The 19-year
contract was awarded
to Antofagasta Terminal
International.
AM NICE
Mauritius
Holdings
AIRRO, 3rd party
infrastructure fund
of JP Morgan
United States
Acquired Minority
Secondary Stake
from Seller
Nandi
Economic
Corridor
Enterprises
Infrastructure
Corridor b/w 2
major Indian cities
India
Advised on Second-
ary Stake Sale
Advised Anil Dhirubhai
Ambani Group on
the sale of a minority
stake in Bharat Forge’s
subsidiary, NECE, to
a fund promoted by
JP Morgan. NECE is ex-
ecuting the first phase
of a large infrastructure
project between two
major cities in South
India.
Cie
d’Entreprises
CFE SA{CFE}
Multidisciplinary
building and
construction
group
Belgium
Acquired 100% of
Business Operations
Remacom
Placing and
maintenance of
rail tracks
Belgium
Advised on Sale of
Company
Advised on the sale
of Remacom SA, a
provider of railway
tracks services, to Cie
d’Entreprises CFE SA,
founded in 1880 and ac-
tive in construction and
associated services
including a Rail & Road
division.
Bruce Oakley,
Inc.
Bulk commodity
distribution and
transportation
United States
Acquired 100% of
Business Operations
JANTRAN, Inc.
Marine towing
transportation
United States
Advised on Sale of
Company
JANTRAN, Inc., a
leading barge towing
company on the Ar-
kansas and Mississippi
Rivers, was acquired
by Bruce Oakley, Inc.,
a bulk commodity dis-
tribution transportation
company.
47

48. Chemicals
ICM Products
Specialty silicone
manufacturer
United States
Acquired 100% of
Business Operations
Amber Group
Specialty silicone
manufacturer
United
Kingdom
Advised on Sale of
Company
Advised Caledonia
Investments on the sale
of Amber Chemical to
strategic US purchaser
ICM Products. This
deal represents the
ongoing consolidation
in specialty chemi-
cals, as multi-national
chemicals groups look
to grow and diversify.
Materials
Up to $500M
Source: Thomson Reuters
1 KPMG
2 PwC
3 Ernst & Young LLP
4 Deloitte
5 IMAP
6 Morgan Stanley
7 BDO
8 Rothschild
8* UBS
10 Barclays
Puerto de
Lirquén S.A.
Chile’s largest
privately-owned
port
Chile
Awarded Bidder for
the Concession of the
Costanera Espigón
Terminal at the Port of
San Antonio
Costanera
Espigón
terminal
(minimum
20-year
concession)
Multi-purpose
port terminal
concession
Chile
Advised on the
Tender Process for a
Concession of a Port
Terminal in the Port
of San Antonio
Puerto de Lirquén S.A.,
awarded bidder for at
least 20-year conces-
sion for the Costanera
Espigón Terminal at the
Port of San Antonio,
with an expected
investment of US$336
million.
JP Morgan
Asia
Infrastructure
Fund
Asia infrastructure
and related
resources
opportunities fund
Singapore
Provided Growth
Funding
Nandi
Economic
Corridor
Enterprises
Infrastructure
Corridor b/w 2
major Indian cities
India
Advised on the
Placement of Equity
plus Debt
JP Morgan Asia
Infrastructure Fund
invested US$100 million
in Nandi Infrastructure
Corridor Enterprises
(NICE). NICE is execut-
ing the Bangalore-
Mysore Infrastructure
Corridor, an integrated
infrastructure corridor
consisting of a 120 km
expressway between
Bangalore and Mysore,
a 42 km peripheral ring
road around Bangalore
and development of
six commercial and
industrial townships
between Bangalore
and Mysore.
TransportationandInfrastructure
48

49. Quimitecnica.
com -
Comércio
e Indústria
Química, S.A.
Chemical
Distributor
Portugal
Acquired 100% of
Business Operations
Cofarcas, S.A.
Chemical
Distributor
Spain
Advised on Purchase
of Company
Advised Quimitecnica
on the acquisition of
Cofarcas SA, a chemi-
cal manufacturer and
distributer. With this
operation, Quimitec-
nica strengthens its
CUF branch and gains
presence in the Iberian
Peninsula market.
Alwernia
Invest Sp. z
o.o.
Production and
distribution
of chrome
compounds
Poland
Acquired 100% of
Business Operations
Zaklady
Chemiczne
Alwernia S.A.
Production
of phosphate
and chrome
compounds
Poland
Advised on Sale of
Company
Advised CIECH S.A.
in the process of the
sale of its subsidiary,Z.
Ch. ALWERNIA S.A.
The transaction is in
line with CIECH’s aim
to optimize the capital
group, focusing on the
strategic core busi-
ness.
SDS
Biotech K.K.
(subsidiary
of Idemitsu
Kosan with
revenues of
USD 54 bn &
market cap of
USD 3 bn)
Manufacturer of
agrochemicals
Japan
Acquired Majority
Control of Business
Operations
Sree Ramcides
Chemicals Pvt.
Ltd.
Manufacturer of
crop protection
products
India
Advised on Sale of
Company
Advised Sree Ramcides
Chemicals on the sale
of a majority stake to
SDS Biotech K.K. Both
companies will gain
access to a comple-
mentary geographic
network and new
products.
Lubar & Co.
Family Office
United States
Acquired 100% of
Business Operations
ChemDesign
Products, Inc.
Provides chemical
toll processing
United States
Advised on Sale of
Company
Advised ChemDe-
sign Products Inc., a
provider of custom
toll manufacturing
services to the global
chemical industry, on
its sale to Lubar & Co.
in a secondary buyout
transaction.
Cepsa
MidStream
Chemical
Manufacturing
(raw material)
Spain
Capital Expansion-
Asset Purchase
Shanghai SCIP
Chemical
China
Advised on Purchase
of Company
Advised Cepsa on
the expansion of its
chemical investment in
Shanghai SCIP by ex-
panding its capital and
procuring more assets
to the transaction.
49

50. OM Group Inc
Manufacturer
of speciality
chemicals &
materials
United States
Acquired 100% of
Business Operations
Rahu
Catalytics
Limited
Developer
of speciality
chemicals
United
Kingdom
Advised on Sale of
Company
Advised Unilever
Ventures and RahuCat’s
management on the
sale of UV’s portfolio
company Rahu Catalyt-
ics Ltd. The transaction
includes all related
intellectual property
rights and master
patents, as well as
manufacturing and
supply agreements.
KUO Group/
INSA
Downstream
petrochemicals
Mexico
Invested in Equity and
Asset Purchase
GPRO Group
Nanjing
Leading
Chinese private
petrochemical
group
China
Advised Investor in
the Transaction
Grupo KUO, leading
downstream petro-
chemicals in Mexico,
established a new JV
with Jiangsu GPRO
Group, leading Chinese
private petrochemical
group. The new JV,
called INSA GPRO
(Nanjing) Synthetic
Rubber Co. Ltd. is to
manufacture Nitrile
Rubber in China, and
will jointly invest US$60
million in a new plant
located in Nanjing.
Grupo KUO’s subsid-
iary, INSA, will be the
technologist of the new
joint venture.
Univar Inc.
Chemical
Distributor
United States
Acquired 100% of
Business Operations
Arinos
Química
Chemical
Distributor
Brazil
Advised on Sale of
Company
Univar Inc., a leading
global chemical dis-
tributor, has acquired
Arinos Quimica, a
leading distributor of
specialty and commod-
ity chemicals in Brazil.
Chemicals
50 / MATERIALS
PEQ AB
A Swedish PEG
Sweden
Acquired 100% of
Business Operations
Absortech AB
Develops & sells
desiccants for the
transport ind.
Sweden
Advised on Sale of
Company
Advised on the sale of
Absortech to a PEG.
The former owner,
also the inventor of
Absortech’s products,
will remain as a minor-
ity owner. The deal will
support the com-
pany in developing and
strengthening existing
operations.
Hexpol AB
Leading polymer
group
Sweden
Acquired 100% of
Business Operations
Horst Müller
Kunststoffe
GmbH & Co.
KG
TPE Compounds
Manufacturer
Germany
Advised on Sale of
the Company
Advised the ROWA
Group on the sale of its
shares of Horst Müller
Kunststoffe GmbH &
Co. KG to the Sweden-
based HEXPOL Group.
The acquisition of
Müller Kunststoffe, a
manufacturer of ther-
moplastic elastomer
compounds (TPE),
Masterbatches and
Soft-PVC, complements
HEXPOL’s existing
operations.

51. CEPSA
MidStream
Chemical
Manufacturing
(raw material)
Spain
Acquired Selected
Assets
Shanghai SCIP
Chemicals
China
Transaction Advisor
CEPSA, a wholly-
owned unit of
International
Petroleum Investment
Co, acquired assets
in Shanghai SCIP, in
order to develop a
Phenol/ Acetone proj-
ect valued at US$300
million.
Rhein Chemie
Rheinau GmbH
World leader
in specialty
chemicals
Germany
Acquired 100% of
Business Operations
Darmex S.A.
Rubber bladder
and other
specialty
chemicals
Argentina
Advised on Sale of
Company
Rhein Chemie, a sub-
sidiary of the Lanxess
Group that develops,
produces and sells
additives, specialty
chemicals and service
products for the rubber,
lubricant and plastics
industries, acquired
100% of Darmex, a
leading manufacturer
of release agents and
curing bladders for the
tire industry.
Inwido AB
Europe’s largest
manufacturer
of windows and
doors
Sweden
Acquired 100% of
Business Operations
JNA Vinduer
& Døre A/S
and Säästke
OÜ
Manufacturing
and sale (web-
based) of windows
Denmark
Advised on Sale of
Company
Advised JNA Vin-
duer & Døre og Spar
Vinduer, two leading
windows & doors
marketers in Denmark,
on the sale to Inwido,
Europe’s leading win-
dow & door solutions
provider (20 brands/
3,100 employees in 8
countries). The deal
increases Inwido’s
presence in the grow-
ing windows & doors
online market.
Andina
Acquisition
Corporation
Blank check
company
United States
Merged with
Tecnoglass SA
Specialty glass
and window
manufacturer
Colombia
Advised on Merger
Advised Andina Ac-
quisition Corporation,
a specialty purpose
acquisition company,
on its merger with
Tecnoglass, Inc.,
a Colombia-based
glass manufacturer,
providing liquidity for
shareholders.
Nazca Capital
SGECR SA
Private Equity
Firm
Spain
Acquired Majority
Control Of Business
Operations
Fritta S.L
Frits, glazes, inks
& ceramic colors
manufacturer
Spain
Adviced on Purchase
of Company
Nazca Capital SGECR
SA acquired an
undisclosed majority
interest in Fritta SL, an
Onda-based manufac-
turer and wholesaler
of ceramic tiles and
colored tints, for EUR
45 mil (USD 61.975 mil),
in a leveraged buyout
transaction.
ConstructionMaterials
51

52. LENTEX SA
Producer of floor
PVC coverings and
nonwovens
Poland
Acquired 85% of
Shares
GAMRAT SA
Producer of PVC
floor coverings,
pipes and gutters
Poland
Advised on Sale of
Shares
Lentex, a floor cover-
ing and nonwovens
manufacturer, has
acquired an 85% stake
of Gamrat from the Pol-
ish government through
its privatization plan, for
29 million euros. IMAP
represented the Polish
Ministry of Treasury.
Bunzl Plc
Multinational
distribution and
outsourcing
company
United
Kingdom
Acquired 100% of the
Company
OSKAR
PLAST, s.r.o.
Distributor of
disposable
packaging
products
Czech Republic
Advised on Sale of
Company
Advised Oskar Plast, a
specialized supplier of
packaging materials on
its sale to Bunzl. The
owner has monetized
its own business and
is now managing the
entire Bunzl operation
in the Czech Republic.
RPC GROUP
PLC
Leading supplier
of rigid plastic
packaging
United
Kingdom
Acquired Majority
Control Of Business
Operations
Helioplast doo
Leading producer
of rigid plastic
packaging in SEE
Bosnia and
Herzegovina
Advised on Sale of
Company
Advised Helioplast
doo, manufacturer and
wholesaler of plastic
containers, in its sale
of a majority interest to
UK-based RPC Group
PLC. The acquisition
offers RPC market entry
to Bosnia and Herze-
govina, strengthening
its sales and manufac-
turing position in south
east Europe.
ConstructionMaterials ContainersandPackaging
52 / MATERIALS
Private
investor
Private Investor
Belgium
Acquired 100% of
Business Operations
Alfa
Betonvloeren
nv
Industrial concrete
floors
Belgium
Advised on Sale of
Company
Advised Alfa Betonv-
loeren NV, a manu-
facturer of industrial
concrete floors, on its
sale to an undisclosed
acquiror.
Argos GmbH
Financial investor
Switzerland
Acquired 100% of
Business Operations
Dural GmbH &
Co KG
Finish for all types
of flooring
Germany
Advised on Sale of
Company
Advised Dural Group on
a majority acquisition
by Argos GmbH, as
part of a succession
regulation agreement.
Argos, a financial
investor, specializes
in the acquisition of
majority ownership
and active manage-
ment of medium-sized
companies.

53. Essentra plc
Plastic, fibre, foam
and packaging
components
United
Kingdom
Acquired 100% of
Business Operations
Dakota
Packaging
Limited
Producer
and supplier
of specialist
packaging
Ireland
Advised on Sale of
Company
Advised the directors
of Dakota Investment
Group on its sale of
Dakota Packaging
Limited to Essentra
plc. The acquisition
provided Essentra plc
with additional scale
in the Irish market and
offered potential for
earnings growth.
Eson Group
AB
Producer of
complete
packaging
solutions
Sweden
Acquired 100% of
Business Operations
Eson Pac AB
Producer of
complete
packaging
solutions
Sweden
Advised on Purchase
of Company
Eson Group AB, a
producer of complete
packaging solutions,
has acquired 100% of
business operations
of Eson Pac AB, a
producer of complete
packaging solutions.
American
Light Metals
LLC
Acquisition entity
created by parent
SRS Intl.
United States
Acquired 100% of
Business Operations
Empire Die
Casting Co Inc
Precision
aluminum and
zinc die casting
United States
Advised on Sale of
Company
Advised on the sale
of Empire Die Casting
Co., Inc., a precision
die caster of a broad
range of aluminum and
zinc components. The
company was facing
operational challenges
and the transaction
provided a new owner-
ship group dedicated
to achieving growth
opportunities.
Gonvarri MS
Corporate, S.L
Manufacturer
of steel and
galvanized
products
Spain
Acquired Majority
Control of Business
Operations
Cepas
Galvaniz
Demir Celik
Madencilik
A.S.
Manufacturer of
galvanized steel
products
Turkey
Advised on Sale of
Company
Acted as exclusive
financial and strategic
advisor to CEPAS, a
leading manufacturer
of steel construc-
tion, guardrails and
hot dip galvanizing,
on a majority sale to
the Spain-based iron
and steel company;
Gonvarri Group’s fourth
investment in Turkey
further strengthens its
market position.
New Dawn
Mining Corp
New Dawn Mining
Corp
Canada
Share Consolidation
New Dawn
Mining Corp
New Dawn Mining
Corp
Canada
Provided Formal
Valuation for Going
Private Transaction
Provided a formal
valuation for New
Dawn Mining Corp., a
junior gold producer
in Africa, for the cash
consolidation for share-
holders holding post-
consolidation fractional
common shares of the
company.
MetalsandMining
53

54. Riverstone
Resources Inc
Mining and
exploration
Canada
Acquired 100% of
Business Operations
Blue Gold
Mining Inc
Mining and
exploration
Canada
Advised the Buyer
Advised Riverstone
on its acquisition of
Blue Gold Mining. The
deal gives Riverstone
access to Blue Gold’s
technical, exploration
and capital markets
team, and will ac-
celerate expansion and
development of River-
stone’s gold properties
in Burkina Faso.
XANO
Listed industrial
group
Sweden
Acquired 100% of
Business Operations
Åges
Industrier
Manufacture die-
casted aluminium
components
Sweden
Advised on Sale of
Company
Advised ÅGES on its
sale to Xano. ÅGES
has manufactured and
sold die cast aluminum
components since the
mid-1950s.
Compass
Diversified
Holdings
Public investment
firm int. in acq.
control stakes
United States
Acquired 100% of
Shares
Arnold
Magnetic
Technologies
Corporation
Manuf. magnets
and precision
magnetic
assemblies
United States
Buyside Advisory
Advised Compass, a PE
firm investing in leading
middle market busi-
nesses, on its strategic
acquisition of Arnold
Magnetic Technologies
Holdings Corp. The
purchase increases
Compass’s portfolio to
nine companies.
Japanese
Consortium
Metal forming
Japan
Acquired 100% of
Business Operations
ARCO
Aluminum Inc
Manufacturer and
supplier of rolled
aluminum sheet
United States
Advised on Purchase
of Company
A Consortium of
Japanese Partners
has acquired ARCO
Aluminum Inc. from
BP Company North
America Inc.
MetalsandMining
54 / MATERIALS
Maudore
Minerals Ltd.
Junior gold
company with
Quebec assets
Canada
Acquired 25% of
Business Operations
North
American
Palladium
Gold assets in
Quebec
Canada
Acted as Exclusive
Financial Advisor and
Provided Fairness
Opinion
Acted as exclusive
financial advisor to
Maudore Minerals
Ltd. in purchasing
the gold assets from
North American Pal-
ladium Ltd. The deal
advances Maudore’s
strategy of becoming
a dominant consolida-
tor in the prime Que-
bec mining region.

55. KB
Components
AB
Plastic Industry
Group
Sweden
Acquired 100% of
Business Operations
Plastunion AB
Manufacturer of
plastic injection
moulding
Sweden
Advised on Sale of
Company
Advised Plastunion,
Scandinavia’s leading
supplier in highly
automated production
of injection-moulded
products, on its sale
to KB Components.
Via the acquisition, KB
offers its customers
complete solutions in
development & produc-
tion of technologi-
cally advanced plastic
components.
De Hoge
Dennen
Capital PE
Private Equity
Netherlands
Acquired Majority
Control of Business
Operations
H.J. Wiefferink
B.V.
Producer of
flexible foil
solutions
Netherlands
Advised on Sale of
Company
De Hoge Dennen
Capital, a private equity
firm, and management
acquired 100% of
shares of HJ Wief-
ferink, flexible plastic
sheeting manufacturer.
OtherMaterials NonResidential
Brookfield
Canada Office
Properties
Canada’s
preeminent Real
Estate Investment
Trust
Canada
Bay Adelaide
Centre East
Development
in Toronto
A 44-storey,
980,000-sf office
building
Canada
Advised on Purchase
of Company
Advised, and provided
a fairness opinion to
the special commit-
tee of the Board of
Trustees of Brook-
field Canada Office
Properties, Canada’s
preeminent real estate
investment trust, on
its acquisition of Bay
Adelaide Centre East
development.
55
REAL
ESTATE

56. Infond a.s.
Investment fund
Czech Republic
Acquired 100%
Shares
Office-
Sumavska
s.r.o.
Real estate
investments
Czech Republic
Advised on Purchase
of Company
Advised Infond AS, a
real-estate investment
fund, on its acquisition
of Office Sumavska,
owner and operator of
a large office complex.
InfoTel, spol.
s r.o.
Leading Czech ICT
company
Czech Republic
Acquired Part of Real
Estate Portfolio
Mei Czech
Offices, a.s.
Real-estate
investment and
management
company
Czech Republic
Buy-side advisory
InfoTel, a leading Czech
ICT company, acquired
part of the real estate
portfolio from Mei
Czech, a real estate
company.
Familienheim
Rhein-Neckar
eG
Real estate
management and
development
Germany
Acquired 100% of
Shares
Treubau
Verwaltung
GmbH
Property
management
Germany
Advised on Sale of
Company
Advised Treubau Ver-
waltung on its acquisi-
tion by Familienheim
Rhein-Neckar e.G. The
deal enables the Buyer
to build on success-
ful construction and
real estate projects
via product portfolio
expansion and effec-
tive leverage of its core
competencies.
Daiwa House
Industry Co
Ltd
Leading home
builder in Japan
Japan
Acquired 100% of
Business Operations
DAIYOSHI
TRUST
CO.,Ltd.
Parking lot
operator
Japan
Advised on Purchase
of Company
Advised Daiwa
House, a leading
house builder with
US$18.5bn revenue,
in its acquisition of
Daiyoshi Trust, a park-
ing lot operator. The
transaction creates
synergies, strengthens
their operations, and
will promote flexible
management.
NonResidential RealEstateManagementandDevelopment
56 / REAL ESTATE
Immobiliën
Hugo Ceusters
NV
Real estate
consultancy and
management
Belgium
Acquired
Shopping
Center
Management
Services nv
Management of
large shopping
centers
Belgium
Advised on merger
Advised Hugo
Ceusters’ sharehold-
ers on the acquisition
of the entire Shopping
Center Manage-
ment Services NV, an
owner and operator of
shopping centers. This
operation strengthens
Group Hugo Ceuster’s
position throughout
Belgium.

57. Places for
People Group
Ltd
Property
Management
United
Kingdom
Acquired Entire Share
Capital
Residential
Management
Group
Residential
management
United
Kingdom
Advised the Vendors
and Assisted in the
Negotiations
Advised RMG, a prop-
erty services group, on
its sale to Places for
People, a development
and regeneration com-
pany. Through this deal,
both companies aim to
offer greater housing
and facility manage-
ment services.
Reliance
Capital Asset
Management
(RCAM)
RCAM is in
the business
of portfolio
management
services
India
Provided Growth
Funding in the Form
of NCD
Jain Heights
and Structures
Private
Limited
Real Estate
development
India
Advised on Place-
ment of NCD
Advised Jain Heights &
Structures Private Lim-
ited, an integrated real
estate company with
residential develop-
ment as the primary fo-
cus of its business, on
receiving funding from
Reliance Capital for its
ongoing residential and
commercial projects.
Group of
Private
Investors
Financial Investors
Czech Republic
Acquired 100% of
Business Operation
Suhox 2 s.r.o.
Agro-Land
investor for Short-
Rotation Coppice
Czech Republic
Advised on Sale of
Daughter Company
Suhox 2
Advised Verbava, a
wood biomass pro-
ducer, on the sale of its
subsidiary-owned land,
Suhox2, to a group of
private investors in
order to gain financial
sources for further
strategic expansion.
REITs
57

58. RETAIL
Up to $500M
Source: Thomson Reuters
1 KPMG
2 PwC
3 IMAP
4 Rothschild
5 Nomura
6 Sumitomo Mitsui Finl
Grp Inc
7 Ernst & Young LLP
7* Deloitte
9 Lazard
ApparelRetailing
Global Capital
Management
Asset
management
arm of global
investment house
Kuwait
Acquired Majority
Control
Yargici
Konfeksiyon
Apparel and
accessories
retailer
Turkey
Advised on Stake
Sale of Company
Global Capital Manage-
ment, the alternative
asset management arm
of Kuwait-based Global
Investment House, has
invested in Turkey’s
leading women’s ap-
parel and accessories
brand, Yargici.
Macintosh
Retail Group
NV
Listed retail group
Netherlands
Acquired 100% of
Business Operations
Jones
Bootmaker
Ltd.
UK shoe retail
chain
United
Kingdom
Advised on Purchase
of Company
Advised Macintosh
Retail Group, a leading
European retail group
with a significant
footwear retail busi-
ness, on the acquisition
of Jones Bootmaker, a
well-established multi-
brand shoe retailer
with nearly 100 stores
in UK.
Dustin AB
IT and electronic
products reseller
Sweden
Acquired 100% of
Shares
Businessforum
Oy
IT hardware,
software and
service reseller
Finland
Advised on Sale of
Company
Advised the owners
of Businessforum Oy,
one of Finland’s largest
IT hardware, software
and service resellers,
on its sale to Swedish
Dustin AB. The deal
allows Dustin AB entry
into the Finnish market,
expanding its Nordic
coverage to Sweden,
Denmark, Norway and
Finland.
Computersand
ElectronicsRetailing

59. South Asia
Gastronomy
Enterprises,
LLC
NSR’ platform for
investments in the
F&B industry
India
Acquired Majority
Control of Business
Operations
Moshe’s Fine
Foods Pvt. Ltd
F&B chain
specializing in
Mediterranean
cuisine
India
Adviced on Purchase
of Company
Advised private equity
firm New Silk Route in
its acquisition of a ma-
jority stake in Moshe’s,
a chain of cafes &
restaurants special-
izing in Mediterranean
cuisine. The acquisition
helps expand the F&B
platform of NSR into
new cuisine/format.
Lawson Inc
Japanese leading
convenience store
chain operator
Japan
Acquired 100% of
Business Operations
Minamikyushu
Sunkus
Convenience store
chain operator in
southern Japan
Japan
Advised on Purchase
of Company
Advised Lawson,
Japan’s second largest
convenience store
operator, in acquisition
of Minami Kyushu Cir-
cleKSunkus, a conve-
nience store operator
in southern Japan; the
deal enables Lawson to
expand its business in
southern Japan.
Mesoamerica
Coffee Ltd
Leading food
service company
in Colombia
Colombia
Acquired 100% of
Business Operations
Frayco
Holdings
3rd largest
hamburger chain
in Colombia
Colombia
Advised on Purchase
of Company
Advised Mesoamerica
Coffee, a leading food
service company in Co-
lombia, on its acquisi-
tion of Frayco Holdings,
Colombia’s third-largest
hamburger chain, in
order to complete its
portfolio.
GrandVision
BV
Major optical
retailer
Netherlands
Acquired 100% of
Business Operations
LGL Ltd
Online retailer of
contact lenses
United
Kingdom
Advised on Sale of
Company
Clearwater advised
Lenstore on its
cross-border sale to
GrandVision BV, a lead-
ing worldwide optical
retailer.
Party City Inc
Leader in the party
industry
United States
Agreed on a Strategic
Merger
Party Delights
Ltd
UK’s largest online
party store
United
Kingdom
Advised on Sale of
Company
Advised leading online
retailer Party Delights
on its sale to US-
based Party City. The
deal consolidates the
strength of both entities
and demonstrates
the interest of US
consumer businesses
in the UK and European
market.
FoodandBeverageRetailing InternetandCatalogRetailing
59

60. Undisclosed
Buyer
Investor
France
WANIMO
Ecommerce for
pets - online
retailer
France
Advised on Sale of
Company
Advised Wanimo, a
Lyon-based retailer
of pet products, on
its sale to a financial
investor. Wanimo is one
of the largest players
in the catalog market,
with more than 4,500
products.
J-Front
Retailing Co
Ltd
Holding company
of department
stores in Japan
Japan
Acquired 70.52%
Shares of Seller
Forest Co. Ltd
Leading office
supply retailer
Japan
Advised on Sale of
Company
Advised Kokuyo, a
leading manufacturer
of office supplies, on
the sale of its subsid-
iary Forest Co., Ltd., a
leading office supply
retailer, to J. Front Re-
tailing, a major depart-
ment store operator.
Berdico SA de
CV
Top 3 eyewear
retailers in Mexico
Mexico
Acquired 100% of
Business Operations
Opticas
Kauffman
Top 3 eyewear
retailers in Mexico
Mexico
Advised on Purchase
of Company
Advised Berdico,
a leading eyewear
retailer in Mexico, in its
acquisition of Opticas
Kauffman. The full
acquisition of the busi-
ness offers Berdico an
opportunity to expand
the Kauffman brand
throughout Mexico.
Investcorp
International,
Inc.
Investment
holding company
United States
Acquired
Paper Source,
Inc
Multi-channel
specialty retailer
United States
Advised on Purchase
of Company
Advised private
equity firm Investcorp
International Inc. on
its acquisition of Paper
Source Inc., a multi-
channel retailer of gifts,
stationery and crafting
supplies, providing
growth capital.
Miko NV
Belgian coffee
roaster in the out-
of-home market
Belgium
Acquired 70% of
Business Operations
ABC Mokka
ApS
A leading Danish
provider of
vending machines.
Denmark
Advised on Purchase
of Company
Advised Miko NV on
its acquisition of a 70%
stake in ABC Mokka
ApS’ business opera-
tions. The acquisition
is in line with Miko’s
long-term strategy to
set up coffee service
organizations through
subsidiaries in a
growing number of
countries.
Internetand
CatalogRetailing
OtherRetailing
60 / RETAIL

61. Sportsman’s
Warehouse
Retailer catering
to outdoor
enthusiasts
United States
Acquired
Wholesale
Sports
Multi-channel
outdoor sporting
goods retailer
Canada
Advised on Sale of
Company
Advised United
Farmers of Alberta Co-
operative Ltd., parent
company of Wholesale
Sports USA, in the sale
of the assets of ten Pa-
cific Northwest-based
stores to Sportsman’s
Warehouse. The
transaction increases
the buyer’s presence
and market share in the
region.
Lawson, Inc.
Convenience store
operator
Japan
Acquired 100% of
Business Operations
Sunkus &
Associates
Toyama Co.
Convenience store
area franchiser
Japan
Advised on Purchase
of Company
Lawson Inc, one of
the largest Japanese
convenience store
operators with a
franchise chain of more
than 10,000 stores in
Japan and China, ac-
quired 100% of Sunkus
& Associates Toyama,
operator of Circle K
Sunkus convenience
stores in Toyama
prefecture.
E-commerce/B2B
HighTechnology
TMT
Up to $200M
Source: Thomson Reuters
1 KPMG
2 PwC
3 Ernst & Young LLP
4 Deloitte
5 IMAP
6 Lazard
7 BDO
8 Mizuho Financial Group
8* Grant Thornton
10 Morgan Stanley
61
KDDI
Corporation
Telecommunica-
tions company
Japan
Acquired 100% of
Business Operations
WebMoney
Corporation
Electronic money
business
Japan
Advisor to seller
KDDI Corporation,
a Japan-based
telecommunications
company, has acquired
100% of the shares of
WebMoney Corpora-
tion, engaged in the
provision of electronic
payment services, for
US$161 million, from
Faith Inc.

62. Power
Solutions Inc
Strategic private
wealthy buyer
United States
Acquired 100% of
Business Operations
Intermountain
Fuse supply
Wholesale
distributor of
industrial fuses
United States
Advised on Sale of
Company
Advised Intermoun-
tain Fuse Supply, a
wholesale distributor
of industrial fuses, on
its sale to the Power
Solutions, a strate-
gic private wealth
buyer. This acquisi-
tion strengthens the
financial capabilities
of Intermountain Fuse
Supply and supports its
expansion.
Dalian
PengCheng
Group
Electronic
manufacturer
China
Acquired 100% of
Business Operations
Shinmei
Electric Co.,
Ltd.
Electronic
manufacturer
Japan
Advised on Sale of
Company
Advised Daiwa Corpo-
rate Investment on the
sale of the entire share
capital of Shinmei
Electric to Dalian
PengCheng Group.
Daiwa was able to exit
the investment while
providing an optimal
owner to promote the
target’s business.
Arrow
Electronics, Inc.
(NYSE:ARW)
Distributes
electronic
components
United States
Acquired Selected
Assets of Seller
Business Operations
Richardson
Electronics
Ltd.
Manufactures
RFID products
United States
Provided a Fair-
ness Opinion to the
Special Committee of
the Seller
Richardson Electronics,
Ltd. agrees to sell its
RF, Wireless & Power
Division to Arrow
Electronics, Inc.
OCLC
Worldwide library
cooperative
United States
Acquired 100% of the
Shares
HKA
IT systems
management
Netherlands
Advised on Purchase
of Company
Advised OCLC on
its acquisition of
Huijsmans en Kuijpers
Automatisering, a
software developer
for libraries. The deal
strengthens OCLC’s
presence in the Dutch
public library market.
MDC Partners
Inc.
Marketing
communications
services company
United States
Acquired
Local Biz Now,
LLC
Online search
marketing
company
United States
Advised on Sale of
Company
Advised LocalBizNow,
a leading provider
of digital advertising
solutions, on its sale to
MDC Partners, a pub-
licly traded advertising
agency holding com-
pany, enabling MDC to
expand its digital media
service offerings.
ElectronicsElectronics InternetSoftwareandServices
62 / tmt

63. Undisclosed
Investor
United States
Charter
Communica-
tions Inc.and
CCO Holdings
Capital Corp.
Provides
broadband
communication
services
United States
Offering of 5.125%
Senior Notes due
2023
Advised Charter,
through its subsidiaries
CCO Holdings, LLC and
CCO Holdings Capital
Corp., on the borrowing
of US$1000 million in
the public debt markets
to refinance existing
debt and bolster the
capital structure.
Undisclosed
Investor
United States
Charter
Communica-
tions Inc.and
CCO Holdings
Capital Corp.
Provides
broadband
communication
services
United States
Offering of 6.625%
Senior Notes due
2022
Advised Charter
Communications, Inc.,
through its subsidiaries
CCO Holdings, LLC and
CCO Holdings Capital
Corp., on the borrow-
ing of US$750M in the
public debt markets to
refinance existing debt
and bolster the capital
structure.
Ausy SA
Consulting &
Engineering
Company
France
Acquired Minority
Stake with Option to
Acquire 100%
Pentasys AG
Consulting and
engineering
company
Germany
Advised on Purchase
of Company
Advised Ausy on its ac-
quisition of a 35% stake
in PENTASYS, a pro-
vider of IT consulting
services. Concurrently,
Ausy was granted an
option to acquire the
remaining 65% interest
in PENTASYS. The deal
enables Ausy SA to
expand its activities in
Germany.
ITConsultingandServices
63
Canorama Oy
ICT services, data
management,
storage solutions
Finland
Acquired 100% of
Shares
DataPro
Palvelut Oy
Provider of IT
services and
solutions
Finland
Advised on Sale of
Company
Advised DataPro Palve-
lut Oy on its sale to
Canorama Oy, owned
by Finnish PEG Folmer
Management; the deal
expands Canorama’s
product and service
offerings.
Sobro AB
Private equity
group
Sweden
Acquired Majority
Control of Business
Operations
Candidator AB
Outsourcing of IT
services
Sweden
Advised on Sale of
Company
Advised Candidator AB,
a provider of IT envi-
ronment, telephony and
outsourcing solutions,
on its sale to Sobro
AB. The transaction
enables Candidator
to further leverage its
services and skills.

64. ONYX Capital
Private Equity
Czech Republic
Acquired Majority
Control Of Business
Operations
COMGUARD
a.s.
Value added
IT security
distributor
Czech Republic
Advised on Sale of
Company
Advised COMGUARD
a.s., a leading Czech
distributor focusing on
IT security, networking
products and services,
on the sale of its major-
ity stake to ONYX
Capital. This transaction
creates an opportunity
for COMGUARD to fur-
ther develop services
and expand its client
base.
Telekomuni-
kacja Polska
S.A. (Orange
Group)
Telecom company
Poland
Acquired 100% of
Business Operations
Datacom
System S.A.
IT Integrator
Poland
Advised on Purchase
of Company
Advised Telekomuni-
kacja Polska (current
Orange Polska), in the
process of acquiring
Datacom System,
an IT integrator. The
transaction is in line
with Orange Polska’s
strategy to strengthen
its position in ITC.
Soprano Oyj
Internet media and
communication
company
Finland
Acquired 100% of
Shares
Tieturi Oy
ICT consultancy
and training
company
Finland
Advised on Sale of
Company
Advised CapMan
Technology Fund in the
exit of its IT training and
consulting company,
Tieturi Oy, to Soprano
Oyj. Through this
transaction Soprano is
expected to become
the leading Finnish and
Swedish specialist in IT
training.
Descartes
Technology
for logistics
businesses
Canada
Acquired 100% of
Business Operations
Exentra
Limited
Technology for
logistics company
United
Kingdom
Advised on Sale of
Company
Advised the share-
holders of Exentra
Transport Solutions on
its sale to Descartes
Systems Group, a lead-
er in uniting logistics-
intensive businesses
in commerce. Exentra
provides niche SaaS
driver compliance
solutions to some of the
UK’s leading transpor-
tation companies.
Imtech N.V.
Technical services
provider
Netherlands
Acquired 100% of
Business Operations
Capula
Limited
Automation & real
time business info
systems
United
Kingdom
Advised on Purchase
of Company
Advised technical ser-
vices provider Imtech
N.V. on its cross-
border acquisition of
automated control and
real-time IT solutions
business Capula. This
adds further depth
to Imtech’s service
offering in the UK and
provides access to
high-growth markets in
energy and utilities.
ITConsultingandServices
64 / tmt

65. Clear2Pay
Leading payment
solutions provider
Belgium
Acquired 100% of
Business Operations
ISTS
Worldwide,
Inc.
Electronic
payment services
with India delivery
United States
Advised on Sale of
Company
Clear2Pay, a global
payment processing
solutions firm backed
by US-based Aquiline
Capital, acquired
ISTS Worldwide, a
US-based services
organization special-
ized in retail payments
technology. ISTS is
a leading payment
services company with
a focus on electronic
payments for retail
customers with an
offshore delivery plat-
form. Its core solutions
are focused on the
card transaction space
and it serves top tier
payment processors
such as Paypal and
Euronet.
Nexus Private
Equity
Partneri
Private Equity
Fund
Croatia
Acquired Majority
Interest with an
Option for 100%
Trigger d.o.o.
Document
production and
distribution
Croatia
Advised on Sale of
Company
Croatia’s Nexus Private
Equity Partners ac-
quired majority interest
with an option for 100%
in Trigger, which has
developed a unique
marketing tool (an
innovative IT-supported
technological solution
for the execution
of direct marketing
campaigns) under the
brand ‘Direct Market-
ing Solutions.’
Undisclosed
Lender
Russia
Debt Placement
Open
Technologies
Russian systems
integrator
Russia
Advised on Debt
Placement
Advised Open Tech-
nologies, one of the
largest system integra-
tors in the Russian and
CIS markets, on its
raising of debt financ-
ing for working capital
improvements.
65
SIGMA BS
GmbH
Family holding
company
Germany
RENA GmbH
Equipment of
chemical process
technology
Germany
Advised on Equity
Placement
Advised RENA on the
increase of its equity to
finance its acquisition
of Stulz Group. RENA’s
family holding retains
85% of shares, while
Stulz, of Sigma Holding,
gained 15% of shares.
CJ Games
Online
development unit
of CJ E&M.
Democratic
People’s
Republic of
korea
SHR Group
Online game
publishing
company
Turkey
Advised on Sale of
Company
Advised SHR Group, a
Turkey-based company
engaged in developing
and publishing online
games, on its sale
to Korea-based CJ
Games, a subsidiary of
CJ Group, one of South
Korea’s largest holding
companies. This acqui-
sition provides entry
position for CJ Games
to Turkey.
Software

66. ELECTRONICS
FOR IMAGING,
Inc
Digital imaging
United States
Acquired 100% of the
Capital
RHAPSO
Group
Printing and
packaging
software
solutions
France
Advised on Sale of
Company
Advised Rhapso, based
in France and Germany,
on its acquisition by
EFI, a global provider of
products, technology
& services leading the
transformation of ana-
log to digital imaging.
The acquisition further
strengthens EFI’s ERP
leadership position in
Europe.
Corilus BV
Corilus offers
IT concepts and
software tools.
Netherlands
Acquired 100% of
Business Operations
Microgest
Paramedical
Software
Software
for general
practitioners
Belgium
Advised on Sale of
Company
Advised Microgest
Paramedical Software
SPRL, a software
developer, on its sale
to Corilus BV, a unit
of Arseus NV. The
deal helps strengthen
Corilus’ offerings.
Element
Partners
Private equity
United States
Acquired Majority
Control Of Business
Operations
Detechtion
Technologies
Ltd
Software
Canada
Advised on Sale of
Company
Advised Detechtion
Technologies Ltd on
its sale to Element
Partners. The buyer,
a private equity firm
focused on opportuni-
ties in the energy,
environmental and
industrial sectors,
brings expertise and
resources to grow the
business.
Trimble
Navigation Ltd
GPS software &
products
United States
Acquired 100% of
Business Operations
CSC (UK) Ltd
Software
developer
- structural
engineering sector
United
Kingdom
Advised on Sale of
Company
Advised CSC on its sale
to Trimble Navigation.
The transaction ex-
pands Trimble’s service
offerings, providing
complete workflow and
extended solutions to
its engineering clients
in markets around the
world.
Group of
Critical’s
Shareholders
Group of Critical’s
shareholders
Portugal
Acquired 28% of
the Shares of the
Company
Critical
Software
Software
development
Portugal
Advised on Sale of
Company
Advised Critical
Software on its acquisi-
tion of a 28% stake
by Group of Critical’s
Shareholders. The
transaction will enable
Critical to strengthen its
business offerings.
Software
66 / tmt

67. Kennet
Partners Ltd
Private equity
firm
United
Kingdom
Acquired Majority
Control of Business
Operations
Rivo Software
Rivo is a software
as a service (SaaS)
business
United
Kingdom
Advised on Sale of
Company
Advised the sharehold-
ers of Rivo Software,
an SaaS provider, on
a capital investment
from Kennet Partners
and Fidelity Growth
Partners Europe.
Capita plc
BPO and
professional
services
United
Kingdom
Acquired 100% of
Business Operations
The G2G3
Group Ltd
Designs
immersive
simulation
software
United
Kingdom
Advised on Sale of
Company
Advised G2G3, a
designer of immersive
simulation software,
on its sale to Capita.
G2G3 strengthens
Capita’s justice and
secure services divi-
sion by continuing to
develop simulations for
global corporations,
the police, emergency
services, justice, secu-
rity, nuclear, oil & gas
industries.
Group of
financial
investors
Financial investors
Denmark
Acquired
PLM Group
Value added
reseller of PLM
software
Denmark
Advised on Sale of
Company
Advised PLM Group,
the largest Nordic
supplier of technical
software solutions
and services related
to Product Lifecycle
Management (PLM), on
its sale to a number of
financial investors led
by Morten Strømsted.
Imagination
Thirty Five Ltd
Investment vehicle
to facilitate MBO
United
Kingdom
Acquired 100%
of Shares in a
Management Buy-out
SDI Displays
Ltd
Designer and
manufacturer of
POS displays
United
Kingdom
Advised on Sale of
Company
Advised SDI Displays,
a Leicester-based
provider of display so-
lutions, in the acquisi-
tion of its entire share
capital by Imagination
Thirty Five, a newly-
formed company, in
a leveraged buyout
transaction.
AdvertisingandMarketing
MediaandEntertainment
67
Moonrise NV
SPV
Belgium
Acquired 100% of
Business Operations
Kunstmaan NV
All-media
branding and
communication
agency
Belgium
Advised on Sale of
Company
Represented Kunst-
maan NV, a commu-
nication services
provider, on its sale
to Moonrise NV. This
acquisition provides
Moonrise with a stron-
ger market position.

68. Vertix SGPS
SA
Media company,
TV broadcaster
Portugal
Acquired 10%
Stake in
Grupo Media
Capital SGPS
SA
Media company,
TV broadcaster
Portugal
Advised on Sale of
Company
Advised Portquay West
I BV in its sale of a 10%
stake in Grupo Media
Capital to Vertix SGPS,
a subsidiary of Grupo
Prisa. The transaction
raises Vertix’s stake in
GM, aligned with its
business strategy.
Portquay I
West
Holding company
Netherlands
Acquired a Minority
Stake
Media Capital
TV Broadcasting
Portugal
Advised on Purchase
of Company
Portquay West I BV,
a holding company
owned by Miguel Pais
do Amaral and Bo Nils-
son, and Grupo Prisa,
had acquired a minority
interest of 10% stake
in Media Capital plus
an option to acquire
a further 20% interest
in a year, based on
deal value of 35 million
euros.
Carmike
Cinemas, Inc
Movie theater
chain
United States
Acquired 100% of
Business Operations
Muvico
Theatres Inc
Premium movie
theater chain
United States
Advised on Sale of
Company
Advised Muvico Enter-
tainment on its sale to
Carmike Cinemas. The
acquisition of Muvico’s
nine premium movie
theater properties in
three states presents a
number of operational
and cost synergy op-
portunities for Carmike.
HDS CORP
Holding company
France
Owner Buyout
TRM
Retailer for audio,
video broadcast
equip B2B
France
Advised the Seller
Advised MBO Parte-
naires, a PEG, on the
sale of TRM, a provider
of audiovisual services,
to HDS Corp. The man-
agement realized an
OBO with a financial
partner.
Undisclosed
Investor
Undisclosed
company
description
United States
Advised the Company
in Debt Restructuring
Paxton Media
Group, LLC
Publishes daily
newspapers in
Midwest and
South
United States
Financial Restruc-
turing
Advised Paxton Media
Group, a privately-held
media company with
holdings that include
newspapers and a
TV station, on the
restructuring of debt
obligations.
Broadcasting MotionPictures/
AudioVisual
Publishing
68 / tmt

69. Oberndorfer
Druckerei
GmbH
European printing
group
Austria
Acquired the Assets
of the Web-offset
Activities of Fink
J. Fink Druck
GmbH
German printing
company
Germany
Advised on Purchase
of Company
CirclePrinters Holding,
through its subsidiary
Oberndorfer Druck-
erei, Austria`s second
largest company in
the industry and one
of the most efficient
web-offset printers in
Central Europe, has
acquired the web-
offset part represented
in J. Fink Druck GmbH
from Fink group, one
of Germany`s leading
printing companies.
Tyson Bidco
Ltd
Newco
United
Kingdom
Acquired 100% of
Business Operations
South
Lakeland
Parks Ltd
Operator of
holiday caravan
parks
United
Kingdom
Advised on Purchase
of Company
Advised the manage-
ment of Tyson Bidco
on its acquisition of
South Lakeland Parks,
an operator of holiday
caravan parks. The
combined businesses
are expected to have
a significant impact in
the sector.
Palatine
Private Equity
+ Management
Private equity
group
United
Kingdom
Acquired Majority
Control of Business
Operations
Playnation Ltd
Business & assets
of the gaming and
leisure division
United
Kingdom
Advised on Purchase
of Company
Advised Palatine
Private Equity and
Management on the
MBO of Playnation, the
amusement and gam-
ing division of Inspired
Gaming.
RecreationandLeisure
69
CSV Ingeniería
Construction
and engineering
group
Spain
Increased its stake
to acquire majority
control
O2 Centro
Wellness
Health and fitness
group with 14
clubs
Spain
Advised on Sale of
Company
Advised the sharehold-
ers of O2 Group, a
Barcelona-based group
of health and fitness
clubs, on its increase
of the stake of the
co-founder to acquire a
majority control of the
Group. The deal allows
the exit of a PEG.

70. OJSC
Rostelecom
Russia’s national
telecommunica-
tions operator
Russia
Acquired 75% of
Company Shares
GNC-ALFA
Backbone network
operator
Armenia
Advised on Sale of
Company
Advised GNC-Alfa, one
of Armenia’s largest
broadband operators,
on its sale of a 75%
stake to Rostelecom,
Russia’s largest tele-
communication com-
pany. The deal marks
Rostelecom’s first step
within its international
expansion strategy.
Tactical
Networks LLC
United
Kingdom
Acquired Investment
Interest in Seller’s
Business
T3
Leading
alternative
telecom provider
in Bosnia
Bosnia and
Herzegovina
Advised on Recapi-
talization of Company
UK-based telecom-
munication company
Tactical Networks ac-
quired an investment
interest in T3, a leading
alternative telecom
provider in Bosnia.
TelecommunicationsServices
70 / tmt
©IMAP,Inc.2014
Telecommunications
Lloyds
Development
Capital
Private equity
house
United
Kingdom
Acquired Investment
Interest in Seller’s
Business
Metronet (UK)
B2B wireless
internet services
provider
United
Kingdom
Advised on Sale
Advised the sharehold-
ers of the fast-growing
hybrid wireless and
fiber internet provider
Metronet (UK) on its
multi-million pound sale
to LDC. The investment
will help support a
management buyout
and future growth.

72. ©IMAP,Inc.2014