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January 4, 2019updated 17 Jun 2022 12:50pm

Deals and M&As this week: Alco Holdings, Bajaj Electricals, Michael Kors

Centric Health Corp has agreed to divest two of its Alberta retail pharmacy operations to a retail pharmacy company based in Alberta for $4.54m.

Centric Health Corp has agreed to divest two of its Alberta retail pharmacy operations to a retail pharmacy company based in Alberta for $4.54m.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The stores to be sold under the deal are located in Medicine Hat and Grande Prairie.

Also included in the deal are additional contingent payments of up to $225,000 within an earn-out period of two years from closing, based on specific performance metrics.

The deal is scheduled to be completed by February 2019.

Scotia Capital is the financial adviser to Centric Health for the transaction.

Centric Health Corp is a wellness and healthcare services provider based in Canada.

Alco Holdings Limited intends to raise HK$125.84m ($16m) through the rights offering of 144,648,930 rights shares priced at HK$0.87 ($0.11) each.

The units will be issued on the basis of one rights share for every four rights shares held by the qualifying shareholders on the record date.

China Tonghai International Financial Limited is the financial adviser for the transaction.

Alco Holdings Limited is a manufacturer, designer and distributor of consumer electronic products based in Hong Kong.

Bajaj Electricals intends to raise $35.66m through a private placement of non-convertible debentures.

The company is a consumer electrical equipment manufacturer and seller based in India.

Fresh At Heart has raised $275,000 from an online equity crowdfunding platform named Ata Plus.

Bajaj Electricals intends to raise $35.66m through a private placement of non-convertible debentures.”

The transaction overshot Fresh At Heart’s target by 143% and involved participation from 22 individual investors.

Funds accumulated by the company will be used to expand offline ventures in urban regions and further expand the business across Malaysia.

Fresh At Heart is a Malaysian online fresh food retailer.

SAIF Partners has invested $8.54m in High Street Essentials through a series-B funding round.

IndigoEdge acted as the financial adviser for the transaction, which was completed on 28 December 2018.

SAIF Partners is a private equity firm operating across Asia. The company is headquartered in India and China.

High Street Essentials is an Indian fashion retailer that owns FabAlley and Indya brands.

Leveling 8 Inc has agreed to acquire the cable TV segment of ADDvantage Technologies Group for $10.3m.

The deal will include a cash payment of $3.9m and a $6.4m promissory note to pay the remaining in semi-annual installments over a period of five years, accruing an interest rate of 6%.

Leveling 8 Inc is an electronics services company, while ADDvantage Technologies Group is involved in the distribution and repair of electronics and hardware for cable connections.

Both companies involved in the transaction are based in the US.

Michael Kors, now known as Capri Holdings, has acquired Versace at an enterprise value of $2.12bn.

The purchase was funded through cash on hand, bank term loans, and drawings under the revolving credit facility.

Michael Kors is a leading American clothing and accessories brand.

Versace is an Italian fashion and luxury brand and retailer.

Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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