SMBiT Professionals’ Post

🚨 Nexus scores 15X return on 16-year-old Sedemac bet Nexus, Hong Kong’s TR Capital and Piramal Group’s Montane Ventures have fully exited their long-term bet in Sedemac, which manufactures automotive parts and electrical components. They sold their shares in a $100-million deal led by Exponentia Capital, A91 Partners and IIFL’s 360One. The deal involved a primary infusion of $9 million for Pune-based Sedemac at a valuation of $260 million. The remaining $91 million was a secondary transaction in which the mentioned existing investors offloaded their holdings. Full details 👇 https://lnkd.in/gBEEuUvJ

OMVEST AND A CONSORTIUM OF PRIVATE INVESTORS HAVE ACQUIRED LANGE VIESTRAAT 8 IN UTRECHT FROM PATRIZIA. UTRECHT, 15-10-2024 - Omvest, together with a consortium of private investors, purchased Lange Viestraat 8 in Utrecht from Patrizia. This is a prominent retail location in Utrecht’s city center. The ground floor is leased long-term to Geldmaat, while multiple residential apartments are located on the upper floors. Brickstone provided commercial advice to the seller in this transaction, and Loyens & Loeff served as the seller’s legal advisor. The buyers were advised by The McDevitt Company. For questions, please contact Erik Onstenk. #mcdevitt #capitalmarkets #highstreet #retailrealestate #investment #transaction #utrecht

#Qube’s proposed acquisition of #MIRRAT raises preliminary concerns The ACCC has published a Statement of Issues outlining preliminary competition concerns with Qube Holdings Limited’s (ASX:QUB) proposed acquisition of Melbourne International RoRo & Auto Terminal Pty Ltd (MIRRAT). The ACCC is also seeking views on a court-enforceable undertaking offered by Qube, which it has put forward to remedy competition concerns. MIRRAT operates the automotive/Roll-on Roll-off terminal at Webb Dock West in Melbourne. The proposed acquisition would permit Qube to acquire sole operating rights for roll-on roll-off trade through the Port of Melbourne..... https://bit.ly/4e1RSYR #Australia #Business #RoRo Via accc.govt.au

Don't miss the next LinkedIn Local Tosa event! Join us for a deep dive into 'The State of Real Estate in 2024' moderated by Kel Svoboda from Compass Real Estate. The discussion panel will feature David Belman, Ty Ash, Angela Walters, and Rosa Stong. Register now using the link in the comments! #LinkedInLocalTosa #LinkedInLocalWauwatosa #LinkedInLocal

PAN-Asian operator StorHub Group has taken another big step into Australia, snapping up Sydney facilities worth more than $110 million, in one of the country’s largest self-storage sector transactions in recent years. #investmentsales #capitalmarkets #alternativeinvestments #alternativerealestate #CRE #commercialrealestate #commercialproperty

Just listed in Westchase

“It is clear that there is a willingness to explore different ways of delivering services, and an appetite for innovation,” says Norse Group CEO Justin Galliford, reflecting on discussions with local government leaders. As #insourcing gains appeal, the choice between a traditional #DLO and the more innovative #LATCo model becomes crucial. A well-run LATCo can generate significant profits for the public purse while upholding public service values. As a LATCo wholly owned by Norfolk County Council, Norse has over 20 joint venture #partnerships with local authorities. This model allows councils to benefit from trading without the complexity of establishing their own company, while accessing Norse’s expertise and resources to boost revenue and profit share. Read the full article in Public Finance: https://ow.ly/UWut50UiWlR.

Quite an interesting #industrials deal dropped over the weekend with BlastOne International appointing Allier Capital and William Blair to raise capital to facilitate the continued growth into the international market. BlastOne International reportedly does $190m in revenue and $20m in earnings. This is an interesting deal for 3 reasons: 1. The multiple will be telling. It is reported that they are seeking a 10-20 times multiple for the growth capital. We are seeing 5 to 6 as the standard in the industrial sector but the key is going to be growth rate and margin. It is understood that HMA Group which was previously on the market with PKF Sydney & Newcastle has not transacted. It does similar numbers albeit with project facing revenue. 2. Domestic or International? It will be interesting to see where the capital comes from. Given that they have appointed an advisor in Australia and the USA and the company operates globally it will be interesting to see where the capital originates from. I suspect that to achieve the multiple they would like it will be from the USA. 3. Market Making. I suspect that the team at Quadrant will be watching this process closely given where Jaybro Group is at. It is reported that they are doing north of $100m in earnings in Australia and NZ. Given Quad Lock's recent trade sale to Thule Group it would not surprise me to see the Quadrant crew have a look at a trade sale for Jaybro Group rather than a listing especially if the North American multiples are right. This is certainly an interesting deal and one to watch for those in the industrial space. #corporateadvisory #corporatelaw #privateequity #acquisition #growthcapital

Today’s #SPSOLDIT real estate key term of the day is FINAL WALKTHROUGH. Follow me for the next one! 🏠 #spsoldit #rodeorealty #sprealestate #realtorsoflinkedin #larealtor #wordoftheday #keyterms #finalwalkthrough

As Tavistock Partners transitions to new ownership under Saltus, we are assessing the potential impact on both advisers and clients. If you believe this change may affect your role or career, please do not hesitate to reach out to me directly at 07828 570200 for a confidential discussion.  #financialadviser #ifajobs #financialadvisorjobs #financialadvisory