ICFG closes 11 deals in the first quarter of 2020
Some positive news to communicate in these uncertain times. ICFG is proud to announce a strong start to what is now becoming a challenging year, with 11 deals successfully closed by the network in the first quarter, across various industry sectors. The network remains committed to its clients and customers to support them through the rest of 2020.
Across various sectors, ICFG members have closed 11 deals between January and March of this year, supporting and advising their clients with our collective knowledge, experience and sector expertise.
Our member based in Prague in the Czech Republic, CN Finance, successfully advised the shareholders of leading Czech hygiene and cleaning products supplier Hygotrend s.r.o on the sale of a majority stake to strategic buyer Cerva Group early on in Q1.
Other transactions concluded in Q1 include our member firm in Hong Kong, CIGP, advising the shareholders of Alliance Pharma on the sale of a majority stake to Zuellig Pharma, a leading healthcare services provider in Asia headquartered in Singapore.
ICFG Germany, Wintergerst Societät für Unternehmer-Beratung GmbH & Co. KG have closed 2 deals in the manufacturing sector, including advising family-owned company HOS Group on the strategic realignment of the disposal of Melchior Textil GmbH to the British-Portuguese joint venture MGC - Acabamentos Têxteis.
Carmin Finance, our member based in France, has closed 3 deals this quarter across various IT and Communication sub-sectors. Carmin Finance secured the fundraising as well as advised leading retail analytics company Weblib on the acquisition of French connectivity experts, Ucopia, a leader in high-density Wi-Fi connectivity.
In the UK, member firm HMT LLP has closed 4 deals so far this year, including acting as lead advisors to the shareholders of James and James, an e-commerce fulfilment solutions provider, on their £11 million investment from LDC.
We have a wealth of experience and knowledge and are here to help and support our clients through these uncertain times, in whatever capacity is required; specific country advice on available financial support and government schemes, debt advisory and restructuring services, equity raising and M&A services.