May & June highlights
DC Advisory advised TrueLearn on a majority investment from LLR Partners
TrueLearn, a US-based provider of online test preparation and data analytics across healthcare and education institutions, has received a majority investment from US-based private equity firm LLR Partners.
This investment will allow TrueLearn to continue pursuing organic growth and expansion into new markets.
DC Advisory advised Bankia on the sale of its depositary and custody business to Cecabank
The Spanish wholesale bank Cecabank has announced its acquisition of Bankia, the fourth largest commercial bank in Spain.
This transaction will enable Bankia to align its practice with the Spanish market standard by separating its asset management businesses from the depositary activity, eliminating conflicts of interest and operational risks, while ensuring a best-in-class service is offered to its clients.
DC Advisory advised Kyocera Corporation on its acquisition of Showa Optronics from NEC Corporation
Japan-based Kyocera, the publicly-listed leading electronics and ceramics conglomerate, has agreed to acquire a majority stake in the Japan-based optical components manufacturer Showa Optronics, from NEC Corporation.
This transaction follows a similar acquisition between Kyocera and AVX, advised on by DC Advisory announced last month and continues to highlight Kyocera's growth across the electronics industry as well as the company's expanding product offering.