Deals


Deals - Middle East

Ctrip Acquires Skyscanner for £1.4bn

Ctrip.com International, a leading travel service provider in China, has signed a definitive agreement to acquire Skyscanner. The travel metasearch engine, available in over 30 languages, currently has over 50m visitors per month and has an annual turnover of £120m. The terms of the acquisition value Skyscanner at approximately £1.4bn and will ... Read more...

Datatec Limited has agreed to acquire Lantares S.L.

Datatec Limited the international Information and Communication Technology (ICT) group, announces that its subsidiary, Logicalis Group Limited ("Logicalis"), has agreed to acquire Lantares S.L., a Spanish IBM Cognos Partner and professional services provider specialising in Business Intelligence and Data Analytics. Lantares is a leader in the im ... Read more...

Vostok-Finance LLC acquires shares of RusHydro

PJSC RusHydro announces that Vostok-Finance LLC (100% subsidiary of PJSC RAO ES of the East) acquired 87,794,527 (or 0.023%) shares of RusHydro in accordance with the agreement No.1 of January 20, 2016, and then alienated 86,069,885 shares as a result of the voluntary tender offer. As a result of this transaction the share of Vostok-Finance LLC in charter capital of RusHydro amounted t ... Read more...

MegaFon announces acquisition with mobile operator SMARTS

Moscow, Russian Federation (17 August 2015) - Public Joint Stock Company "MegaFon", a leading Russian telecommunications operator, announces the completion of the acquisition of a 100% interest in JSC "SMARTS-Samara", a 100% interest in CJSC "Astrakhan GSM", a 100% interest in CJSC "Yaroslavl-GSM" ... Read more...

Avanti appointed to supply major broadcast deployment for Aragon Government

Avanti Communications Group plc ("Avanti" or "the Group"), a leading provider of satellite data communications services in Europe, the Middle East and Africa, has been appointed by Quantis to supply a major broadcast deployment for the Aragon Government in Spain.  The multi-year contract builds on Avanti's existing par ... Read more...

Spirax Sarco acquires MasoSine manufacturing and distribution rights

Spirax-Sarco Engineering plc, the world leader in the control and efficient use of steam, and in peristaltic pumping and associated fluid path technologies, announces that it has acquired the MasoSine® sinusoidal pump manufacturing and distribution business from PRIMIX Corporation (PRIMIX), Japan, for £2.8 million. The acquired business ... Read more...

Global Invacom Group Limited Acquires OnePath Networks Ltd

The Board of Directors of Global Invacom Group Limited (the "Company") announces that the Company has on 24 September 2014 entered into a conditional agreement to acquire the entire issued and paid-up share capital of OnePath Networks Ltd (the "Acquisition"). Completion of the Acquisition is subject to certain conditions precedent related primarily to t ... Read more...

Savannah Resources Plc Completes Acquisition of Strategic Omani Copper Projects

Savannah Resources plc (AIM: SAV) announces that it has completed the acquisition of interests in the highly prospective Block 5 and Block 6 copper projects (the 'Projects') in the Sultanate of Oman from TSX-V listed Gentor Resources Inc. (TSX-V: GNT) ('GRI').  The acquisition of these Projects forms part of Savannah's growth strategy of building a ... Read more...

Petrel Resources plc Acquires 20 per cent shareholding in Amira Hydrocarbons Wasit B.V.

Further to the announcement of 26 July 2013, Petrel is pleased to announce that it has agreed to acquire a 20 per cent shareholding in Amira Hydrocarbons Wasit B.V. ("Amira"), which is the holder of a 25 per cent carried interest in certain oil and gas exploration and production licences in the Wasit Province of Iraq.   Highlights & ... Read more...

Interserve Acquires Abu Dhabi Oil & Gas Services Company for $46M

Interserve[1], the international support services and construction group, is pleased to announce it   has entered into an agreement to acquire Topaz Oil and Gas Ltd ("Topaz") and its subsidiaries which provide oil field maintenance, fabrication and construction services in the Middle East.   Highlights: ... Read more...

Centrica and QPI make C$1 billion natural gas asset acquisition and establish new North American upstream partnership

Centrica plc and Qatar Petroleum International (QPI), the international arm and wholly owned subsidiary of Qatar Petroleum (QP), have agreed to acquire jointly a package of producing conventional natural gas and crude oil assets and associated infrastructure located in the Western Canadian Sedimentary Basin from Suncor Energy for C$1 billion (£650 million) in cash. The acquisition is the ... Read more...

Latham & Watkins advised the underwriters on largest IPO in Saudi Arabia so far this year.

Latham & Watkins advised the underwriters, Samba Capital, Saudi Fransi Capital, AlJazira Capital and Saudi Hollandi Capital, in connection with the IPO of Al Tayyar Travel Group, a Saudi established travel services company. The transaction, which was five times oversubscribed, comprised an offer of 24,000,000,000 ordinary shares representing 30% of Al Tayyar Travel Group’s share ... Read more...

Perform acquires leading Turkish digital sports media company

Perform Group plc ("Perform"), the global market leader in the distribution and commercialisation of sports content across connected digital platforms, announces that it has acquired a majority stake in Mackolik Internet Hizmetleri Ticaret A.S. ("Mackolik") which owns and operates a number of Turkey's leading independent sports websites inclu ... Read more...

Shalmor Avnon Amichay/Y&R acquires majority stake in Union Media

WPP announces that its wholly-owned operating company Shalmor Avnon Amichay Advertising Limited, part of Y&R Advertising, the global marketing communications network, has acquired a 75% stake in Union Media Israel Ltd., ("Union") a leading media investment management agency in Israel. Founded in 2008, Union is based in Tel Aviv and employs ... Read more...

Investcorp Acquires US Kitchenware Retailer Sur La Table

Investcorp, a global provider and manager of alternative investment products, announced today that it has acquired Sur La Table, a leading national kitchenware retailer with locations across the United States.  The terms of the transaction were not disclosed. Sur La Table was acquired from the Behnke family and investment firm Freeman Spogli & Co. who will both ... Read more...

AlMansoori Specialized Engineering (MSE) signs joint venture agreement with Hilong Group

Innovative leading oilfield services provider AlMansoori Specialized Engineering (MSE), has signed a joint venture agreement with Hilong Group of Companies of China to establish a drill pipe manufacturing plant, internal coating plant and an Oil Country Tubular Goods (OCTG) finishing plant located in ICAD 1, Abu Dhabi. Hilong Group of Companies is a large Chinese congl ... Read more...

Turner Broadcasting Acquires LazyTown Brand and Announces New Series

The announcement comes with an immediate commitment to produce a new series of the Icelandic kids TV series known and aired in more than 100 countries in more than a dozen languages.  Under the terms of the deal, LazyTown’s creator and star Magnus Scheving remains CEO of Latibaer and retains his management team, and the series production stays in Icela ... Read more...

Hitachi Plant Technologies Acquires Saihati Weir of Saudi Arabia

Hitachi Plant Technologies, Ltd. ("Hitachi Plant Technologies"), on December 13, has reached an agreement to acquire 70% of the stocks of the industrial equipment maintenance service company Saihati Weir Engineering Services Co., Ltd. ("Saihati"), convert the company into a subsidiary and change its name to "Hitachi Saihati Engineering Services Co., Ltd." (te ... Read more...

Aruba Completes Acquisition of Avenda Systems

Aruba Networks, Inc. (NASDAQ:ARUN) today announced it has completed its acquisition of privately-held Avenda Systems. Avenda Systems is a leading developer of network security solutions that securely connect users and their personal mobile devices to business networks. These solutions facilitate development and enforcement of Bring Your Own Device (BYOD) initiatives in the workplace. ... Read more...

Aker Solutions acquires well technology business

Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced "Extreme") International. The acquisition will grow Aker Solutions' well intervention technology and service portfolio worldwide as well as increase the company's presence in the important Middle East market. X3M is an international niche ... Read more...

Al Borg Laboratories acquire the Leading Cytogenetics Lab in Egypt

Egypt-based Al Borg Laboratories, a medical-testing company controlled by funds managed by Abraaj Capital, has entered into an agreement for the acquisition of 51% of the share capital of the Medical Genetics Center (“MGC”), Egypt’s largest private Cytogenetics-testing laboratory with an estimated 70% share of the Egyptian private market. ... Read more...

Mannai Corporation acquires a 35% stake in Axiom Limited

Mannai Corporation QSC has acquired a 35% shareholding interest in Axiom Limited, the  UAE-based largest pan–GCC mobile handset retailer and distributor that trades under the Axiom Telecom brand. Axiom Telecom is the largest primary authorised retailer and distributor of leading international brands of mobile phones in the GCC region and is a strateg ... Read more...