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126 ha greenfield site on the Croatian/Adriatic coast, planned for the development of an integrated golf/tourism resort. The Project includes: 27-hole golf course, 5-star hotel, 170 rooms, 114 villas/apartments, and more infrastructure.

Highlights

  1. Croatia is EU member since 2013 and one of the hottest tourism/leisure markets in Europe today (2016 was a record year for Croatian tourism). Croatian Government supporting foreign investments. Now, no tax for the selling of the company shares.
  2. Location of the Project: In Istria (one of the strongest tourism destinations in Croatia), at Adriatic coast, close to the sea. The project is situated close to several densely populated and industrially developed European countries/potential tourism/golf markets within reach of 110 million people in the circle of 600 km (key markets are Germany, Austria, Switzerland, Slovenia, Italy, Hungary, Croatia). The closest international airport (Pula International Airport) is reachable within 20 minutes by car.
  3. The warm Mediterranean coastal climate allows for 300 playable golf days, well above European average.
  4. The project is in an advanced planning stage. To date, the following project preparatory work has been completed:

- Concept and master plan development

- Financial feasibility studies

- Design and architectural planning

- Permitting for starting investment in place (building permit for villas/golf resort, location permit for hotel). Strong interest and support of local government/local community.

  1. KPMG’s evaluation of the project in 2014 was EUR 23 m, however the owners are open to negotiate the selling price of the project/company with the future strategic partners/investors.
  2. Complete investment/project could be developed (together with the buying of the project/company) with an amount between EUR 60 to 80m, according to the evaluation of KPMG.

Alan Keschner - Entrepreneurial Executive - Engineering, industrial administration and business degrees. Substantial permanent and interim MD/CEO experience in private and listed companies. Executive and non-executive board representation, including sub-committee and company chairman roles. Broad merger and acquisition knowledge and has started, built and sold numerous businesses. Significant turnaround work with distressed entities, much of it on behalf of financial and investment institutions. Handled restructuring, growth initiatives, BEE partnerships, team development, business and asset sales and liquidations. Extensive global travel and international business experience. Close ties to financial institutions and venture capital/private equity entities. Understands company legislation, legal activities and corporate governance. Has had wide involvement in advisory, training and mentoring work, including at educational institutions. Worked in a wide range of industrial, service and trading industries, including manufacturing, automotive and wholesale/retail. Good knowledge of the spare parts, capital equipment and services sectors, such as maintenance and financing. Fully computer literate and sound knowledge of information systems, reporting and JSE requirements.

Alan is currently working as an independent adviser, focusing on:
• Interim Management / Leadership
• Mergers & Acquisitions / Business Broking
• Corporate / Business Advisory
• Capital / Debt Raising / Funding
• Distressed Business Turnarounds / Restructuring
• Strategy / Business Plan Formulation / Implementation
• Equity / BEE Partnership Introductions
• Executive Recruitment / Mentoring
• Active / Independent Non-Executive Directorships

Alan Keschner joined CBA as M&A Adviser in Johannesburg in October 2016.

 

 

NEW DELHI: Calendar 2016 was a year of big-sized merger and acquisition (M&A) deals for India Inc, with data showing a record high $72 billion worth of agreements during the year, even as the number of deals stood the same as in 2015.

At $72.4 billion, M&A deals rose 97.10 per cent in 2016 compared with those in 2015. The M&As announced in 2016 beat the record of $67 billion deals announced in 2007, thanks to 15 M&A deals of $1 billion or above during the year by. There were only four deals of this size in 2015.

Among the transactions announced, $33.1 billion worth of deals have already been executed. This is 9.6 per cent higher year on year in value terms ($30.2 billion in 2015), even though the number of completed deals fell 9.4 per cent. Read more

Demian Esser, MBA, finance professional with extensive deal origination and execution experience having invested and advised globally on M&A and private equity transactions with total deal volumes of more than US$35bn. In-depth industry know-how in the business and consumer services, transport and logistics, infrastructure, media, leisure & tourism sectors. Prior to founding Pedralbes Partners Demian was a Director at Citigroup’s investment bank, managing the EMEA (Europe, Middle East & Africa) transportation and services team. Prior to that Demian was a strategy management consultant with Accenture in their Products and Services practice in Berlin. MBA from IESE Business School, Barcelona and BA Hons in International Business Studies from the European Business School, London. German/Bolivian national and fluent in English, German and Spanish.

Demian Esser joined CBA in June 2016 as M&A Adviser from Mexico City, Mexico.

 

China's merger and acquisition market slows in 2016 following a record setting 2015, cooled by new policies on state-owned enterprises and tighter regulatory oversight on merger and acquisition deals. The exception to the trend was cross-border M&A, which look set to a record year in 2016.

There were 6,642 announced M&A deals in China with disclosed aggregate transaction value of US$540.6 billion in 2016, down 31% and 31.5% year-on-year respectively, according to data released by Chinese deal tracking firm ChinaVenture.

A total of 4,010 M&A deals with aggregate transaction value of US$253 billion were actually completed in 2016, down 23% and 26% compared to 2015, respectively.

Due to the weaker M&A market and implementation of new policies restricting back-door listings, there was also a steep decline in reverse merger deals that allow private companies to acquire a publicly listed companies to realize an initial public offering. Only 24 announced reverse merger deals were recorded last year, with US$34.5 billion in aggregate deal value, down 55.6% and 12% year-on-year.

Cross-border M&A is a bright spot, however, with US$200 billion in aggregate deal value recorded during the first ten months of 2016, far exceeding 2015's full-year US$103 billion figure. Cross-border deals are getting larger as well, with nearly 40 transactions carrying a price tag of over US$10 billion last year.

For the full year, a total of 285 cross-border M&A transactions worth US$47.1 billion were recorded in 2016, taking 7% and 19% of the country's total M&A market, respectively.

The Internet, IT and manufacturing sectors were the three most active industries, with 529, 515 and 487 deals completed last year. They took 14%, 13.8% and 13% of the total deal universe in terms of deal volume.

But in terms of actual dollar value of transactions, financial service, energy and mining, manufacturing was the most actively, with US$39 billion, US$25 billion and US$18 billion aggregate deal value recorded for the year of 2016 respectively.

Industry consolidation among state-owned enterprises remains a strong driver of domestic Chinese M&A. China Petroleum Capital’s US$11.3 billion spin-off to Jinan Diesel Engine and China Yangtze Power Co., Ltd's US$11.5 billion acquisition of Chuanyun Electrical & Plumbing are the biggest ongoing and completed deals respectively.

Source: CHINA MONEY NETWORK

The Impressive XVII Century Mansion – for sale is one of the last unique properties on Majorca

This impressive XVII Century Mansion is situated in a unique and privileged area in the hills of the Tramuntana range, only a few kilometres from Palma de Majorca, Balearic Islands, Spain. The plot covers an area of 300 hectares, of which 3.600m² are delightful and well maintained gardens. A complete restoration of the property was completed in 2006, providing top technology together with the highest quality of fixtures and fittings. The property has a total constructed area of over 5.600m² and offers 80 bedrooms, including 10 suites all with shower bathrooms and jacuzzi. The other 70 bedrooms have bathrooms en suite.

The Manor House has several lounges and dining areas, a professional industrial kitchen and a superb outside/ summer kitchen enabling maximum enjoyment of the beautiful summer weather.

There are various guest houses with five bedrooms en suite, living room and kitchen, swimming pool, separate personal accommodation, games house, security accommodation, plus covered parking area for 17 vehicles.

This mansion could be converted to an ideal 5-star luxury boutique hotel for very special guests, that can also enjoy the nearby golf course.

Gregory O. Burke holds a Master Degree (MBA) in Logistics Management from Greenwich Maritime Institute, University of Greenwich/Marylebone University, Bangor, Wales, UK, a Diploma in Law and Taxation from Bournemouth University, a Postgraduate study in Maritime Policy, International Economics of Shipping, Public International Law, Maritime Security, Postgraduate Certificate from Greenwich Maritime Institute, and Diploma from the University of Detroit Mercy.

Since 2014, Gregory has been a President at Standard Oil Company USA, focusing on the Caribbean. The Standard Oil Company based in Dallas, Texas is oil and gas traders, renewable energy plant builders, and waste to energy consultants.

Since 2013 Gregory Burke has been a Managing Partner at Adam Global with its head office based in Dubai, a leading corporate service firm, delivering international business solutions and a wide range of comprehensive corporate services, assisting companies and entrepreneurs establish and expand their businesses seamlessly across international borders. With operations around the world, delivering comprehensive business solutions, Adam Global are the global experts who understand the local needs.

 

Domestic deals since the June 23 referendum where the country voted to leave the European union have totalled US$1 billion (about $1.31 billion), a drop of 62% from the previous comparable period.
Moreover, despite a weak pound which was expected to encourage deal-making from outside the country, foreign buyers spent considerably less on UK companies since the vote. According to Reuters, foreign purchases of British firms have slumped 69%.

Most notable among the inbound deals since the June 23 vote is Japanese diversified tech conglomerate Softbank’s £24.3 billion purchase of chip architecture giant ARM holdings in July. Bankers in the UK were hoping the ARM acquisition signalled greater interest from foreign buyers in British firms due to the weaker pound, Reuters said.

On the opposite end, British firms have poured more to acquire foreign firms since the referendum, increasing spend by 59% to US$88.5 billion, the data reveal. This is the highest outbound M&A spending since 2007 on a comparable basis, said Reuters. However, the news organisation noted that the outbound spending figure is distorted by British American Tobacco’s US$57.8 billion (about $75.65 billion) offer for Reynolds American.
Source: Australasian Lawyer

Tesla just announced that it will acquire Germany’s Grohmann Engineering, in a deal that will see the global engineering leader become Tesla’s new Advanced Automation facility based in Germany, a new subdivision of the automaker dedicated to helping Tesla increase the automation and effectiveness of its manufacturing process.
“This will really be our first acquisition of significance in our whole history,” explained Tesla founder and CEO Elon Musk on a call discussing the news, noting that Grohmann was their

“first choice” in terms of bringing on expertise to help it “build the machines that build the machine.”
Tesla expects this to help drive “exponential improvements” in its production process, in terms of both speed and quality of output, while cutting the cost-per-vehicle at the same time. The new facility will also grow its engineering workforce considerably in the next two years, with a target of adding more than 1,000 jobs throughout Tesla’s new Advanced Automation division in both engineering and skilled technician roles. Grohmann currently employs around 700 people, including hardware and software engineers.
“We thought it was important that Tesla become, in part, a German company,” Musk said, regarding the investment in the country. “That’s what this was all about.”
Tesla CTO JB Straubel (photo) explained that Tesla has been working with Grohmann in a partnership for the past few months, and found that the teams complemented each other well and were achieving a lot in terms of automation improvements, and determined they could do even more as a combined company. Both Musk and Grohmann founder Klaus Grohmann also expressed deep mutual respect for each other’s companies because of their similar foundational stories.
This new acquisition represents a significant investment in Tesla’s production processes at a very fundamental level, similar to some of the company’s moves to take ownership of other aspects of its business at a more basic level, including with the new inverter used in its Powerwall 2 home storage battery, and with the software used in its forthcoming self-driving technology.
Musk has previously identified production as a key area of personal focus in terms of driving improvement. He noted that he has camped out in the past to help facilitate production rate improvements that helped Tesla meet its vehicle output goal of 2,000 cars per week, and has also identified production rate limits as a key area for improvement the company is pursuing in its home energy business.
In a blog post detailing the news, Tesla noted that it’s already been able to boost production by 400 percent over four years, and it expects to be able to drive that up further as a result of this new acquisition. Tesla is anticipating that the deal will close by early 2017, once it receives clearance from German regulators. Tesla did not disclose the financial terms of the deal. Source: TechCrunch