40 t ransact ions
p&m corporAtE fINANcE ADvIsEs hIllENBrAND oN $240m AcQuIsItIoN of
rotEX p&m corporate finance, llc (pmcf) has announced that hillenbrand, Inc. has acquired rotEX global, llc (rotEX) for $240 million in cash from Windjammer capital Investors. pmcf served as hillenbrand’s exclusive financial advisor in the transaction and also provided the company with a fairness opinion. the transaction closed on August 31, 2011. “ROTEX products complement both
Process Equipment Group business lines, while giving us additional reach into new high-growth applications and geographies,” said Kenneth A. Camp, Hillenbrand’s president and chief executive officer. “P&M Corporate Finance was an effective partner with us in all aspects of funding, negotiating and executing this transaction.” “PMCF is pleased to have advised
Hillenbrand on this second important transaction,” said Scott George, managing director of PMCF. PMCF also advised Hillenbrand in connection with its acquisition of K-Tron International, Inc. for $435 million in April 2010. “The acquisition of ROTEX provides Hillenbrand with an exceptional company and a superior management team, both of which support its ongoing strategy of becoming a global, diversified industrial company. We are very proud of our relationship with Hillenbrand and look forward to additional opportunities to work with them in the future.” PMCF is a middle market investment bank
providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides public and privately-owned companies and private equity firms with a broad range of services, including sale and acquisition advisory, capital raising, fairness opinions and strategic advisory. Through its offices in Chicago and Detroit, the firm has dedicated industry teams providing services to the business services, medical technology, diversified industrial and plastics & packaging industries. fi
sWEDIsh svENskA
cEllulosA AktIEBolAgEt (scA) AcQuIrEs
mAJorItY stAkE IN sAN
sAglIk from mt group scA is acquiring 95 percent of the turkish hygiene products company san saglik, producer of incontinence care products, from the family-owned mt group. the purchase consideration corresponds to sEk 95m on a debt-free basis. San Saglik has rapidly captured market
share since the company was founded in 2008, and is now the second largest player in incontinence care products in Turkey. The acquisition comprises local production and access to strong brands. “The acquisition of San Saglik
supplements the acquisition of Komili, producer of baby diapers, feminine care products and toiletries, which was announced recently. SCA will have a complete personal care product portfolio in Turkey. The strong distribution network in retail that we accessed through Komili is now also extended to healthcare. Turkey is an important growth market with
70 million inhabitants and a rapidly growing population,” says Jan Johansson, CEO and President of SCA. San Saglik generates annual revenues of approximately SEK 100m. SCA has a purchase option on the remaining 5 percent of the company. Paksoy represented SCA on the
acquisition of 95% shares in San Saglık, a leading Turkish incontinence products company. The team was led by M. Togan Turan. fi
sApIENs, fIs AND IDIt complEtE mErgEr
trANsActIoN sapiens International (NAsDAQ and tAsE: spNs), a global provider of solutions for the insurance industry, recently announced the completion of the merger transaction with fIs software ltd. and IDIt I.D.I. technologies ltd, both well-established solution providers for the insurance industry. "The initial indications coming from the
market acknowledge the visible synergies and business opportunities this combination creates," said Roni Al-Dor, President and Chief Executive Officer, Sapiens International. "The merger constitutes a major
milestone in the execution of our growth strategy. Bringing together the employees, products and customers of Sapiens, IDIT and FIS establishes us as a leading enterprise-wide solution provider for the insurance industry. We will now focus on achieving the many potential synergies among the three businesses, in order to increase benefits to our customers and value for our investors," Mr. Al-Dor concluded. Sapiens International Corporation
(NASDAQ and TASE: SPNS) is a leading global provider of innovative business solutions for the insurance industry, helping to modernise business processes, to proactively define and provide innovative new services and to respond quickly to changes in the industry. Following the merger with FIS and IDIT, Sapiens hopes to offer end to end solutions for the L&P, P&C and Reinsurance markets, with customers across the globe. They jointly serve over 70 insurance customers, backed by a team of over 700 insurance experts. Sapiens aims to become the vendor of choice in the insurance software marketplace. fi
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OCTOBER 2011
www.finance-monthly.com
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