Adapt-IT to buy Wisenet Group and Ascendis Health to sell its manufacturing facility to Mylan.
Corporate financiers, private equity players and dealmakers are braced for an uplift in mergers and acquisitions (M&A) activity in 2019 after a turbulent 2018 that made the hunt for quality deals difficult.
Read more: Dealmakers brace for M&A uplift in 2019
Azimut Group, which is one of Europe’s leading asset managers, has signed an agreement to acquire 100 percent of Egypt’s Rasmala Egypt Asset Management, signalling the company’s entrance in the Northern African country.
Read more: Azimut enters Egyptian asset management industry through Rasmala Egypt acquistion
JSE-listed software company Adapt IT plans to acquire the businesses of Australia-based Wisenet Group and Wisenet SG in a deal that will expand the company’s exposure in Australia.
Adapt IT will pay SGD$2.9 million (R29.8 million) in cash – less any applicable purchase price adjustments in terms of the agreements – for Wisenet Group.
The company will also pay SGD$2.3 million in cash (R23.7 million) for Wisenet SG upfront, plus it will pay annual amounts up to 2021 should Wisenet SG meet certain operational earnings targets.
Read more: Adapt IT to acquire Wisenet Group
Tunisia’s AfricInvest and Kenya’s Catalyst Principal Partners have acquired a minority stake in Prime Bank, which is Kenya’s second-tier lender.
Read more: AfricInvest Catalyst Principal Partners acquires stake in Prime Bank
JSE-listed healthcare group Ascendis Health has concluded a sale agreement of its pharmaceutical manufacturing facility to Mylan, which is one of the world’s leading pharmaceutical companies, for R130 million.
Read more: Ascendis Health sells pharmaceutical manufacturing facility to Mylan
[cfocoza-cta slug=get-the-latest-m-a-news]
