t ransact ions hEXAgoN AcQuIrEs
sIsgrAph swedish technology company hexagon has acquired all shares of Brazilian software and services provider sisgraph, the latter announced on its website. According to Hexagon CEO Ola Rollén,
the acquisition will strengthen the company's presence in South America and give Hexagon full access to the "competence, customer relations, service capability and proprietary technology of Sisgraph." "We believe South America in general -
and Brazil in particular - has very interesting growth prospects for the years to come," Rollén said. Hexagon - which provides technology for
the power, process and marine business - sees "many opportunities related to the exploration and production of Brazil's offshore oil reserves," as well as in the security, governments and infrastructure business. "We have, for example, many interesting leads related to the 2014 World Cup and the 2016 Olympics," the executive said. Sisgraph is an exclusive representative
of Intergraph, a global provider of engineering and geospatial software that enables customers to visualize complex data. The company will be fully consolidated and immediately contribute to Hexagon's earnings. Hexagon has over 12,000 employees in
more than 40 countries. Verticals include surveying, power and energy, aerospace and defense, safety and security, construction and manufacturing. Lobo & de Rizzo Advogados advised
Hexagon in this transaction, lead by Partner, Rodrigo Delboni Teixeira and Associate, Guilherme Henke Menegassi. fi
mIDocEAN pArtNErs WIth south BEAch DIEt
fouNDEr midocean partners, a leading private equity firm, announced recently that it has acquired the south Beach Diet brand, one of the pre-eminent names in the health & Wellness/Diet sector, in partnership with its founder, Dr. Arthur Agatston. The South Beach Diet today is a lifestyle
approach to healthy eating for millions of people around the world, with more than 23 million copies of Dr. Agatston's The South Beach Diet and its companion books currently in print worldwide. MidOcean and management will
continue to drive the brand with a relaunch of new and improved South Beach Diet branded foods, including its high protein and high fiber cereal and diet bars, as well as move into exciting new health and wellness food categories aimed at the brand's loyal consumer base. South Beach Diet will be headquartered in Bonita Springs, Florida. "Our exclusive discussions with South
Beach Diet's founders and owners, Dr. and Mrs. Agatston, have led to this very exciting opportunity to acquire an iconic and highly influential diet and lifestyle brand and we are pleased that we have been entrusted as their partners to help it continue to prosper," said David Basto, a MidOcean Managing Director. "Our previous success in the diet and wellness sector with Jenny Craig and Vitaquest, combined with the expertise of our operating executives, will further strengthen South Beach Diet and help accelerate its growth and profitability." Withers Bergman represented South
Beach Diet in this transaction. MidOcean was represented by Kirkland & Ellis. fi
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stAtE BANk of INDIA rEcEIvEs $460m tErm loAN fAcIlItY from stANDArD chArtErED
BANk khaitan & co mumbai partner Devidas Banerji and associate Ahana sinha together with clifford chance london partner ranbir hunjan and associate martin menski advised standard chartered Bank on a $460m term loan facility to state Bank of India. State Bank of India, the country’s largest commercial Bank in terms of profits, assets, deposits, branches and employees, welcomes you to its ‘Investors Relations’ Section. SBI, with its heritage dating back to the year 1806, strives to continuously provide latest and up to date information on its financial performance. It is our endeavor to walk on the path of transparency and allow complete access to all the stakeholders enabling total awareness about the Bank. The Bank communicates with the stakeholders through a variety of channels, such as through e-mail, website, conference call, one-on-one meeting, analysts’ meet and attendance at Investor Conference throughout the world. Please find below Bank’s financial results,
analysis of performance and other highlights which will be of interest to Investors, Fund Managers and Analysts. SBI has always been fundamentally strong in its core business which is mirrored in its results – year after year. fi
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www.finance-monthly.com
OCTOBER 2011