DC Advisory's Global Deals Round-Up: August 2019
Date
September 12, 2019 • 1 min read
Our latest summary of DC Advisory's global transactions completed across Asia, Europe and North America.
This edition profiles the acquisition of FMP Global Holdings by IRIS Software Group, the tender offer and acquisition of Unizo Holdings Company by Fortress Investment Group, as well as the financing of the Hitachi bi-mode trains by Rock Rail and Japan Infrastructure Initiative.
DC Advisory UK advised IRIS Software Group on the acquisition of FMP Global Holdings Limited
The UK-based provider of business critical software services to accountants and payroll professionals, IRIS Software Group (IRIS), has acquired FMP Global Holdings, the UK-based provider of payroll outsourcing solutions, from Tenzing Private Equity.
The purchase, which is IRIS’ largest acquisition to date, clearly demonstrates the implementation of IRIS’ strategic growth plans, such as continuing to increase its stronghold in the mission-critical software and services market.
Daiwa Japan acted as financial advisor for Unizo Holdings Company (Unizo) and tender offer agent for Fortress Investment Group on the acquisition of Unizo for JPY c. 136 billion
Fortress Investment Group, a US-based private equity and investment management company under the arm of Softabank Group, has made a competing bid to acquire Unizo Holdings, the Japan-based a hotel operating and office leasing company, to whom Daiwa Japan provided financial advice.
According to Unizo’s business plan, the acquisition aims to strengthen its management structure to improve corporate value, as well as implement steps towards global growth and evolution.
DC Advisory UK advised Rock Rail and Japan Infrastructure Initiative (JII) on the GBP 400 million financing of Hitachi bi-mode trains for the East Midlands franchise
Rock Rail, the UK-based sponsor and developer of rail infrastructure, alongside investor, JII, have together financed the new East Midlands rail franchise. Rock Rail was selected to procure a new fleet of 33 five-car bi-mode multiple unit trains, which will upgrade the rolling stock on the mainline services between London and regional cities around the UK.
The GBP 400 million financing will procure the new state-of-the-art Hitachi AT300 trains, which will be built for the needs and specifications of the East Midlands rail network. The trains are fully bi-mode and have the ability to operate at their top speed in both diesel and electric fuel settings.
Global transactions
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Spain
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