Eastern Property Holdings (“EPH” or the “Company”) would like to announce that it has acquired ownership of the A-Class office complex Hermitage Plaza located in Tverskoy central district of Moscow, in the center of Moscow`s business life. The cash payment for the acquisition of the property amounts to US$ 195 million, subject to possible post-completion adjustments.
Hermitage Plaza is a multi-storey A-Class business center fronting on Garden Ring, one of Moscow`s most important transport routes, and located in proximity to the Kremlin area and close to Mayakovskaya and Novoslobodskaya metro stations. The business center was fully renovated and opened in 2006. Hermitage Plaza with a total leasable area of above 30,000 sqm is fully rented out to mainly one tenant, Russian Telecommunication Company Vimpelcom.
Posted in 2015 Recap, Bond Market, Breaking news, Economy, emerging market, equity trading
Tagged A-Class, Eastern Property, Economy, EPH, Europe, Garden Ring, Global Economy, Golden Networking, Hermitage Plaza, Merger and Acquisition, Modern Finance Report, Real Estate, Swiss Exchange-listed, Valartis International Ltd.
TVA Group (TSX:TVA.B), a subsidiary of Quebecor Media, announced today that it has closed the acquisition of the assets of Vision Globale after obtaining Competition Bureau consent for the transaction.
Vision Globale has distinguished itself in the film and television industry with its soundstage and equipment leasing services and film and television post-production services. The acquired assets include the movie and television studios Mel’s in Montreal and Melrose in Saint-Hubert, facilities that are used for both local and foreign film and television production, including American blockbusters.
Posted in 2015 Recap, Bond Market, Corporate Finance, equity capital market, equity trading
Tagged American blockbusters, Competition Bureau, Goldent Networking, Julie Tremblay, Media Group and TVA Group, Mel's in Montreal, Melrose in Saint-Hubert, Merger and Acquisition, Modern Finance Report, Quebecor Media, TVA Group, Vision Globale
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of a new mergers and acquisitions (M&A) dataset to support event-driven hedge fund managers. Thomson Reuters M&A data provides the global asset management and alternative investment management industries with comprehensive coverage of M&A activity worldwide.
Thomson Reuters M&A data incorporates over 900,000 M&A events announced since the late 1970s, currently available to clients through a flexible suite of datafeed offerings. This comprehensive M&A transaction coverage is now accompanied by a new event history companion dataset that features time series data through the evolution of the deal. The multidimensional view of the dates, valuations and events, from announcement to completion, empowers advanced quantitative modeling of completion probability, timeframes and risks over time while delivering competitive insight to asset managers and alternative asset managers worldwide.
Posted in 2015 Recap, Breaking news, Corporate Finance, Economy, emerging markets, equity capital market, equity trading, M&A
Tagged Advisory & Investment Management, businesses, database, Dataset, financial markets, Financial Srvices, global asset management, Global Economy, Golden Networking, hedge fund, intelligent information, M&A, Modern Finance Report, New York Stock Exchanges, Thomson Reuters, Toronto
In the first session of the week, a flurry of M&A news offered a welcome distraction from the dire economic consequences of the ever sliding price of crude oil and the run on commodities, but the Footsie nevertheless closed at a two-week low.
Vodafone fell 6.75p to 227.2p on unconfirmed reports the telecoms group is considering acquiring Liberty Media.
However, Balfour Beatty was in demand after receiving a £1billion approach for its lucrative Public Private Partnership division from the John Laing Infrastructure Fund, which intends to finance the offer with a major rights issue. Shares were up 7.8p to 191.1p.
Posted in 2015 Recap, Breaking news, Commodities, Corporate Finance, emerging market, equity capital market, Equity Markets, equity trading, Events, M&A, Mergers and Acquisitions
Tagged Asia-focused Cathay Pacific, Balfour Beatty, British Airways, Citigroup, crude- oil, David Madden, FTSE, Golden Networking, JKX Oil & Gas, JP Morgan, Liberty Media, Modern Finance Report, OPEC, PetroCeltic, RBC, Saudi Arabia, SkyePharma, ucrative Public Private Partnership division
GDM currently works with companies including Microsoft, Coral, Lufthansa, IBM, Virgin Active and Audi. All 42 staff at GDM will be retained, bringing Ve’s total staff numbers to over 500, working in 18 offices worldwide.
GDM, which specialises in performance trading and real-time biddable media, will now offer clients the VePlatform to acquire, engage and convert customers at every stage of the e-commerce journey, in addition to a complete digital advertising service.
David J. Brown, CEO and co-founder of Ve, said: ‘What sets GDM apart from other ad tech companies is the incredible skill set and expertise of its staff. With all 42 of GDM’s talented staff on board, Ve will be able to expand its digital marketing offering rapidly.
Posted in 2015 Recap, Breaking news, Chief Executive Officer, Commodities, Corporate Finance, emerging markets, equity capital market, equity trading, Events, Finance
Tagged Active and Audi, Coral, David J. Brown, Ed Stevens, GDM, Golden Networking, Hong Kong and Melbourne, IBM, Lufthansa, M&A, Microsoft, Modern Finance Report, multi award-winning UK tech, real-time biddable media, Shanghai, Singapore, Ve, Ve’s Japanese office, Vietnam, Virgin
BRUCE WASSERSTEIN was probably the most famous mergers and acquisitions (M&A) banker on Wall Street in the 1980s and 1990s. Yet “Bid ‘em up Bruce”, who died in 2009, was ambivalent about his trade. The best rainmakers were capable men, he once wrote, but dealmaking also attracted “hustlers and swaggering mediocrities”. And whereas takeovers made the business world more dynamic, they also led to “pain, dislocations and blunders”.
Whether dealmaking is sensible is once more an important question, because M&A are back with a vengeance, after a lull following the financial crisis. Worldwide, $3.6 trillion of deals have been announced this year, reckons Bloomberg, an information provider, approaching the peak reached in 2007. In pharmaceuticals (see article) and among media firms the activity is frantic. Deals worth more than $10 billion are again common. America and Britain, with their open markets for corporate control, account for a disproportionate share of the action. So do cross-border deals, which have risen from a sixth of activity in the mid-1990s to 43% today.
Posted in 2015 Recap, Banking, Breaking news, Economy, emerging markets, equity capital market, equity trading, Events, Finance
Tagged AB Inbev, ABN AMRO, AOL, Bid ‘em up Bruce, Bloomberg, Comcast, exxon, Financial Crisis, General Electric, Golden Networking, Google, M&A, McKinsey, RBS, Royal Bank of Scotland, Time Warner, Verizon, Veteran fund, Wall Street