Tagged: TNM

China Public Procurement Limited Signed Several Framework Cooperation Agreements and A Memorandum of Understanding

Development in Electronic Procurement Market

HONG KONG, Aug. 27, 2014 /PRNewswire/ — China Public Procurement Limited (Stock code: 1094), “The Company”, “The Group” or “CPP”, announced at its board meeting that CPP signed framework cooperation agreements with several procurement technology companies. The board also signed a memorandum of understanding on an acquisition of a local technology company.

A wholly owned subsidiary of CPP, CPP (Beijing) Technique Co., Ltd. signed a framework cooperation agreement with Beijing Yangguang Gongcai Technology Company Limited (Beijing Sunshine). The agreement stated an intention for cooperation on promoting the Government’s electronic procurement platform, exchanging of procurement news and information, sharing on data and reciprocity agreement on vendors, etc. The generated sales and income will be shared among the two companies on a pro-rata basis. Beijing Yangguang Gongcai Technology Company Limited is established in 2013 as a platform for public resources exchange, developers and operators of software applications. A number of software products developed by Beijing Sunshine have been applied in the electronic procurement market at a governmental level.

Furthermore, CPP (Beijing) Technique Co., Ltd. signed a credit investigation cooperation agreement with Beijing Credit Management Company. The agreement includes providing supplier credit investigation and credit rating services, providing technical support such as data management of corporate credit investigation, encoding of company identification, and establishment of credit information application platform, etc. to CPP (Beijing) Technique Co., Ltd. Beijing Credit Management Company is a company principally engaged in the provision of credit investigation services in the PRC and it is a PRC government recognised institution for industry credit rating.

CPP has also entered into a memorandum of understanding to make an acquisition of no less than HK$30 million of Diko Global Group Co., Limited (Diko Global). Diko Global is principally engaged in the wholesale and distribution of Western Digital hard drives in Hong Kong and the PRC, and it is one of the sales distributors of Western Digital hard drives in the PRC region. CPP believes that the Proposed Acquisition will broaden the Group’s client base and its source of income.

Mr Cheng Yuanzhong, Chairman of CPP said: “China Public Procurement Limited’s signing of another cooperation framework agreement will help consolidate and expand the side of the business organizations of e-procurement platform, which will in turn enhance technology standards, diversify the levels of procurement related information and expand the areas of business. As Diko Global is within our area of business, we believe the acquisition will also bring us significant value and immediate revenue. We believe these cooperation agreements and this proposed acquisition will also enhance the competitiveness of the company in the long-run, and provide more favourable returns to shareholders.”

About China Public Procurement Limited

China Public Procurement Limited is listed on the Main Board of The Stock Exchange of Hong Kong (stock code: 1094). The Group is principally engaged in the development of the public procurement services which involves the provision of procurement services to general public and government in the PRC, also for the global public procurement, and provides a series of public procurement business related services, including financial services.

SNC-Lavalin completes landmark acquisition of Kentz

– A key milestone in SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction company

MONTREAL, Aug. 22, 2014 /PRNewswire/ — SNC-Lavalin Group Inc. (TSX: SNC) is pleased to announce that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector.

The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The transaction creates a group with approximately 45,000 employees, annual revenues of about C$10 billion and a backlog of roughly C$13 billion as per 2013 figures. The combined company will also have a strong position in the world’s most dynamic growth markets, including the Middle East, North America, Latin America and Asia-Pacific.

“SNC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today,” said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. “We expect that our combined capabilities will give us one of the best broad-based service offerings in the E&C industry, while expanding our presence in key growth markets.”

Transformational growth in oil and gas
The acquisition of Kentz transforms SNC-Lavalin’s oil and gas capabilities, creating a group of approximately 20,000 high-caliber employees with industry leading expertise for large and complex projects in the upstream, liquefied natural gas (LNG), unconventional (shale gas and oil sands), pipelines, offshore jackets and steam-assisted gravity drainage (SAGD) sectors.

“We have now begun implementing our plan, which aims to ensure our teams are combined efficiently, respectfully and as rapidly as possible,” said Neil Bruce, President, Resources, Environment & Water, SNC-Lavalin Group Inc. “We will be bringing together the best capabilities of our two firms for the direct benefit of our clients. Our goal will be to build strong and lasting relationships with our customers through consistently delivering on our commitments and providing the best mix of value and services.”

Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin’s current Oil & Gas business into Kentz’s operations. Christian Brown, Kentz’s Chief Executive Officer, now becomes President, Oil & Gas, SNC-Lavalin Group Inc. Mr. Brown will continue to be stationed in Houston, Texas, and will report directly to Neil Bruce.

“Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects, and enhance our access to new geographies in both North America and Latin America,” said Christian Brown. “We look forward to bringing our clients complete end-to-end solutions for their projects by merging SNC-Lavalin’s strong front-end engineering and design capabilities with our industry-leading construction management, commissioning and operations capabilities.”

SNC-Lavalin paid £9.35 (C$17.13) per share for a total purchase price of approximately £1.2 billion (C$2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin’s offer at a meeting convened by order of the Court and an Extraordinary General Shareholders Meeting, both held on August 11, 2014. The offer was structured as a Scheme of Arrangement and the Scheme Court Hearing was held on August 21, 2014. Following the sanction of the Court, the acquisition became effective in accordance with its terms on August 22, 2014.

Forward-looking statements
This press release contains statements that are or may be “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. All statements other than statements of historical fact included in this press release may be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets”, “plans”, “believes”, “expects”, “aims”, “intends”, “will”, “should”, “could”, “would”, “may”, “anticipates”, “estimates”, “synergy”, “cost-saving”, “projects”, “goal” or “strategy” or, words or terms of similar substance or the negative thereof, are forward-looking statements. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, economic performance, indebtedness, financial condition, losses and future prospects; and (ii) business and management strategies and the expansion and growth of SNC-Lavalin or Kentz’s operations and potential synergies resulting from the transaction.

These forward-looking statements are not guarantees of future financial performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to SNC-Lavalin or any of its directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. SNC-Lavalin disclaims any obligation to update any forward-looking or other statements contained herein, except as required by applicable law.

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s approximately 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, environment and water, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.
www.snclavalin.com

For further information:

Media:
Lilly Nguyen
Public Relations Manager,
Global Corporate Communications
SNC-Lavalin Group Inc.
+1-514-393-8000, ext. 54772
lilly.nguyen@snclavalin.com

Sterling Financial launches New Providence Opportunity Fund, A Real Estate Investment Fund, and Announces Its First Real Estate Acquisition

— “The New Providence Opportunity Fund, Ltd. presents an excellent opportunity to investors to capitalize on decades of property experience of its Sponsor and it drives significant synergies with the existing fixed income mortgage funds managed by Sterling Financial Group, Inc.”

NASSAU, The Bahamas, Aug. 22, 2014 /PRNewswire/ — Nassau, The Bahamas based Sterling Financial Group (“Sterling”), announces the launch of the New Providence Opportunity Fund, Ltd. (the “Fund”). The Fund is a closed-end equity investment fund consisting of high net worth and institutional investors, which targets diverse real estate investment and development opportunities in the United States, Canada and the Caribbean.

The Fund seeks to benefit from Sterling’s access to fundamentally sound real estate investments including development opportunities that were financially challenged by the Recession. The Fund will be active in markets where Sterling has both extensive real estate experience and existing platforms. Leveraging its relationships with developers, real estate private equity firms, private family investors, entrepreneurs and financial institutions, the Sponsor will identify opportunities, and upon acquisition, provide value-add initiatives to maximize total returns.

“We are pleased to bring New Providence Opportunity Fund to the market,” said Steve Tiller, President and COO of Sterling “We believe that the combination of our extensive real estate investment, development and management capability and a highly efficient funding structure, is a recipe for success for many investors in today’s market,” Tiller continued. David Kosoy, Sterling’s Chairman and CEO added, “we are pleased to add this fund to our other real estate offerings available, and I believe it is a great complement to our platform.”

Simultaneously with the first closing of the Fund, Sterling is also announcing the acquisition and further development of Ocean Terrace, an existing ocean front condominium project located in the West end of New Providence island. The acquisition includes additional green-field acreage for future development.

“Ocean Terrace is now under new ownership and we are revitalizing a project that has been idle for some time. It is a true sign of strong improvements currently experienced in the Nassau real estate market and especially in the highly sought after western district. The project is an excellent addition to the notable projects that Sterling is involved in and it is a terrific complement to our portfolio”, added Tiller.

The Sterling platform focuses on providing access to alternative market opportunities without compromising the North American standard for risk management, operational efficiency and regulatory requirements. Sterling leverages a management team with interdisciplinary real estate experience, a strong internal infrastructure and partnerships with leading service providers in order to capitalize on unique real estate investments and structures.

Kosoy further noted, “We have seen an increased demand from investors for quality real estate projects and funds that would diversify their exposure to traditional investments as well as providing attractive returns. We are pleased that we can offer a proven strategy on a tried and tested platform to a wider base of offshore and onshore investors through a product that has a potential to significantly enhance and diversify their portfolios.”

Sterling Financial Group, Inc., a fully integrated and diversified real estate investment, development, management and services company that has an established track record of successes in the real estate industry. Over the past 40 years, Sterling and its principals have acquired over 5.5 million square feet of commercial real estate at a combined purchase price of over $2 billion. Prior to founding Sterling, the principals had previously been part of the controlling group of a publicly traded real estate company, which acquired and managed a portfolio of more than 20 million square feet of real estate across North America. Sterling is headquartered in Nassau, Bahamas.
www.sterlingbahamas.com

NPOF Launch Press Release
For further information please contact:

Sterling Financial Group
T: +1-242-677-1900
E: cwalker@SterlingBahamas.com

Sharell Carroll
SageEden Media Group
T: +1-242-356-0646
info@sharellcarroll.com

Notes for Editors

ABOUT STERLING FINANCIAL GROUP INC.
Sterling Financial Group is a Nassau, Bahamas based, financial services business founded in 2006. The company is privately owned and is regulated by the Securities Exchange Commission under the Financial Service and Corporate Providers Act.

The series of real estate and mortgage funds managed by Sterling invest and profit from a portfolio of privately held real estate investments and mortgage loans. The business is administered by David Kosoy and Steve Tiller and other respected real estate professionals who collectively have significant experience in the real estate and mortgage lending markets. The principals of Sterling have a track record over the past 40 years of successfully and consistently generating profits in the real estate investments and mortgage lending sectors in Canada, the Bahamas, the U.S. and the U.K.

TOMS Partners With Bain Capital To Accelerate Growth And Increase Scale Of One For One™ Movement

LOS ANGELES, Aug. 21, 2014  /PRNewswire/ — TOMS, the company that turned the idea of One for One™ into a global movement, today announced the signing of a definitive agreement to partner with Bain Capital, a leading global private investment firm, to accelerate the growth of the company and its giving programs around the world. TOMS Founder and Chief Shoe Giver Blake Mycoskie will continue as visionary of the company and remain the 50% owner of TOMS. Financial terms of the private transaction were not disclosed.

Founded in 2006, TOMS began as a shoe company that matched every pair of shoes purchased with a pair of new shoes given to a child in need – One for One. Since then, TOMS’ giving has grown to serve other basic needs. TOMS Eyewear gives sight to a person in need with every pair of eyewear purchased, and TOMS Roasting Co. gives one week of clean water to a person in need for every bag of coffee purchased. To date, TOMS has given over 25 million new pairs of shoes to children in need and helped restore sight to more than 250,000 people.

“This partnership will enable TOMS to grow faster and give to more people in more ways than we could otherwise,” said Mycoskie. “In eight short years, we’ve had incredible success, and now we need a strategic partner who shares our bold vision for the future and can help us realize it. We’re thrilled that Bain Capital is fully aligned with our commitment to One for One, and clearly they have the expertise to help us improve our business and further expand the scale of our mission.”

Mycoskie added, “While I believe TOMS has done a lot of good up to this point, there is so much more we can and should be doing. More importantly, I want TOMS to be relevant not only to the next generation, but the one after that, and far beyond.”

Mycoskie plans to give away at least half of his profits from the transaction by establishing a fund that identifies and supports social entrepreneurship and other causes to which he and his wife, Heather, are deeply committed.

In keeping with the One for One promise, Bain Capital has committed to give back to the community through a new charitable endeavor, funded by Mycoskie and a matching investment from Bain Capital, which will be established to support social entrepreneurs around the world.

Bain Capital has a long track record of investing in and partnering with management teams to help grow companies. Some of its consumer and retail investments have included Canada Goose, Bombardier Recreational Products, Bright Horizons, Jack Wolfskin, The Sealy Corporation, Michaels Stores, The Gymboree Corporation, Dunkin’ Brands Group, Burlington Stores and Dollarama.

“TOMS is synonymous with social responsibility and corporate impact and has demonstrated the power of being an authentic, mission-driven organization,” said Ryan Cotton, a Principal at Bain Capital. “We are extremely excited to partner with Blake Mycoskie to support the continued growth of the business and the expansion of the TOMS mission. As a firm and as individuals, we are strongly aligned with the principles of the One for One movement and its contribution to the global community.”

“Charitable involvement, social impact and global responsibility have always been important at Bain Capital,” said Josh Bekenstein, a Managing Director and a co-founder of Bain Capital. “We donate time, expertise and resources to a wide array of charitable and non-profit organizations around the world each year through partnership initiatives that make a real difference in our communities. This investment and our support of TOMS’ mission are entirely consistent with this approach.”

The Sage Group, LLC is serving as the exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to TOMS. Financo, LLC. is serving as financial advisor, Ropes & Gray LLP is acting as legal counsel, and PwC LLP is serving as accounting advisor to Bain Capital. Committed financing for the transaction is being provided by Jefferies & Company, Inc.

About TOMS:
In 2006, American traveler Blake Mycoskie befriended children in a village in Argentina and found they had no shoes to protect their feet. Wanting to help, he created TOMS, a company that would match every pair of shoes purchased with a pair of new shoes given to a child in need. One for One.® Since then, TOMS has given nearly 20 million pairs of new shoes to children in need.

Five years later, TOMS realized this movement could serve other basic needs and launched TOMS Eyewear. With every pair purchased, TOMS will help give sight to a person in need. One for One.® Since launching, TOMS has helped save or restore the sight of more than 200,000 people worldwide.

In 2014, TOMS launched TOMS Roasting Co. For each bag of coffee beans sold a person will get clean water for a week, and for every cup of coffee sold someone gets water for day.

About Bain Capital Private Equity
Bain Capital, LLC (www.baincapital.com) is one of the world’s foremost privately-held alternative investment firms, with more than $75 billion of assets under management in several pools of capital including private equity, venture capital, public equity, credit products and absolute return. Bain Capital’s more than 300 professionals are collectively the single largest investor in all of its funds and are dedicated to investing in and building its portfolio companies. Founded in 1984, Bain Capital has made private equity, growth, and venture capital investments in over 450 companies around the world, and has deep experience across five key vertical industries including consumer/retail, financial services and institutions, healthcare, industrials, and technology, media and telecommunications. Through the Bain Capital Community Partnership and Bain Capital Children’s Charity (www.baincapital.com/community), the firm and its employees serve as trusted partners with over 500 civic organizations around the world whose missions inspire them, helping to build great communities and improve the quality of life where they live and work. Bain Capital has offices in Boston, New York, Chicago, Palo Alto, London, Munich, Tokyo, Shanghai, Hong Kong, Mumbai and Sydney.

Media Contacts:

TOMS
Doug Piwinski
SVP, Marketing and Communications
310.228.8801
doug@toms.com

or

Lex Suvanto
212 729 2463
lex.suvanto@edelman.com

For Bain Capital
Alex Stanton
Stanton PR & Marketing
212-780-0701
astanton@stantonprm.com

Blackstone and Goldman Sachs Merchant Banking Division Complete Acquisition of Ipreo

NEW YORK, Aug. 7, 2014 /PRNewswire/ — Ipreo Holdings LLC (“Ipreo”), a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced the completion of its acquisition by private equity funds managed by Blackstone (NYSE: BX) and by the Goldman Sachs Merchant Banking Division (“Goldman Sachs”) (together, the “Sponsors”). The Sponsors have acquired the business from affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”). Terms of the transaction were not disclosed.

“Ipreo is an extraordinary company with tremendous potential for growth,” said Martin Brand, Senior Managing Director of Blackstone. “We are pleased to partner alongside management and Goldman Sachs to position Ipreo for continued innovation and success.”

“Ipreo has a long track-record of impressive performance across all the markets it serves. We are excited to help the company achieve new levels of market leadership, alongside our new partners,” said Sumit Rajpal, Global Head of Financial Services Investing for the Goldman Sachs Merchant Banking Division.

Ipreo is a leading global provider of market intelligence, new issuance software, and investor communication tools to investment banks and public companies. It is the only provider of capital markets solutions across the equity, fixed income, municipal, and syndicated loan markets. Ipreo’s extensive suite of corporate investor relations services provides corporate clients with unparalleled cross-asset class shareholder intelligence and analytics. Ipreo is especially known for its Bigdough database, widely recognized as the leading source for institutional contact data and investor profiles, relied upon by capital markets and corporate professionals alike. Ipreo clients include the world’s leading investment banks and hundreds of corporations listed on all the major exchanges around the globe.

“We are very excited to partner with Blackstone and Goldman Sachs in our next phase of development,” said Scott Ganeles, Chief Executive Officer of Ipreo. “The weeks of working together towards closing have only strengthened our view that both firms bring the experience, relationships, and market expertise to support not only our growth as a company but also our ability to bring new and enhanced services to our clients.”

About Ipreo
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo has more than 800 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.

About Blackstone
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds, and multi asset class exposures falling outside of other funds’ mandates. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About the Goldman Sachs Merchant Banking Division
The Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world, having invested and committed approximately $45 billion of equity capital in over 650 companies globally across its corporate equity investing business. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. For more information on Goldman Sachs, please visit http://www.gs.com.

PW Medtech Group Limited Completes Acquisition of 100% Share Equity of Tianxinfu

Enters Biological Materials Segment and Creates New Profit Growth Drivers

Brings synergy through Outstanding Acquisition and Integration Capability

HONG KONG, Aug. 6, 2014 /PRNewswire/ — PW Medtech Group Limited (“PW Medtech” or the “Company” and, together with its subsidiaries, the “Group”; stock code: 1358), a leading medical device company in China, announced the Group completed the acquisition of Beijing Tianxinfu Medical Appliance Co., Ltd. (“Tianxinfu”). Health Forward Holdings Limited and Beijing Fert Technology Co., Ltd., the wholly-owned subsidiaries of the Company acquired the entire equity interest in Tianxinfu with a total consideration of approximately RMB802.6 million. Tianxinfu has become an indirect wholly-owned subsidiary of the Group and contributed its revenue to it.

Tianxinfu is a high-tech enterprise integrating research, development, production and sales service. Its main products include regenerative medical biological materials and orthopedic implant products. As a leading company in the segment, Tianxinfu’s biological materials products are well recognized in China. Upon completion of the acquisition, Tianxinfu will become an indirect wholly-owned subsidiary of the Company and the Group will take over the market share of it in relation to biological materials products and will further expand the market share through synergy between the Company and Tianxinfu in research & development, production and distribution. Tianxinfu owns a total of 11 patents and has obtained 7 registration certificates for Class III medical devices. It has an extensive nationwide distribution network with over 150 distributors covering the major provinces in the PRC.

Mr. Jiang Liwei, Chief Executive Officer of PW Medtech said, “PW Medtech has long been focused on large, fast-growing and high margin segments of China’s medical device industry, with our leading market positions in the existing core business segments of orthopedic implants and advanced infusion sets, and with a strong research and development capability. Upon this strategic acquisition, the Group expanded the existing product portfolio by successfully entering into the biological materials segment, which has huge growth potential and high margin. It is expected to expand more medical applications of the biological materials products in other areas with R&D investments and technology advancement in the future. Meanwhile, the Group will continue to focus on organic growth derived from its core business segments and leverage on its outstanding acquisition and integration capability to boost its sustainable development.” 

National Agricultural Holdings to Acquire Shares in Hebei Sinoagri Boyuan Agricultural Machinery Company Limited

Working Hand-in-Hand with All China Federation of Supply and Marketing Cooperatives to Develop Agricultural Machinery Business

HONG KONG, Aug. 4, 2014 /PRNewswire/ — National Agricultural Holdings Limited (“National Agricultural”, or together with its subsidiaries, the “Group”; stock code: 1236.hk) has announced that in order to support the upgrading of its nationwide supply and marketing system and the development of “agriculture, rural areas and farmers”, in addition to better serving the participants in the “agriculture, rural areas and farmers” market, the Group has entered into a memorandum of understanding (“MOU”) with Sinoagri Agricultural Machinery Holdings Company Limited (“Sinoagri Machinery Holdings”) to acquire not more than 51% of the shares in Hebei Sinoagri Boyuan Agricultural Machinery Company Limited (“Hebei Sinoagri Boyuan”). Sinoagri Machinery Holdings holds a 55% equity interest in Hebei Sinoagri Boyuan. The planned transaction will help National Agriculture develop its agricultural machinery business.

Chinese government recently gave instructions to support the country’s supply and marketing cooperatives. According to the government, authorities at all levels must support the reform of the cooperatives, allowing the cooperatives to play their unique role and to make contributions to the development of China’s agricultural sector. As China National Agricultural Means of Production Group Corporation (“Sino-agri Group”), an enterprise under the umbrella of the All China Federation of Supply and Marketing Cooperatives, is the ultimate controlling shareholder of Sinoagri Machinery Holdings, this planned acquisition of shares underscores National Agricultural’s entry into a phase of asset integration and upgrade after establishing two agricultural trading platforms. Meanwhile, through cooperation with Sino-agri Group, National Agriculture can capture opportunities arising from agricultural mechanization, further strengthening its leading position in the “agriculture, rural areas and farmers” industry and contributing to the nationwide supply and marketing system.

Hebei Sinoagri Boyuan is one of the pioneers in the research and development and the manufacture of corn harvesting machines in China. Its principal business activities include the manufacture and sale of agricultural machinery such as corn harvesting machines and wheat harvesting machines. Hebei Sinoagri Boyuan has a registered capital of RMB50 million. In 2013, Hebei Sinoagri Boyuan sold approximate 3,400 agricultural machines, with sales and profit amounting to RMB489 million and RMB65 million, respectively. Sino-agri Group, Hebei Sinoagri Boyuan’s ultimate holding company, is an enterprise under the umbrella of the All China Federation of Supply and Marketing Cooperatives. Sino-agri Group generated revenue of more than RMB75 billion and sales of agricultural means of products, including fertilizers, amounting to 30 million tonnes in 2013.

Mr. Chen Li-jun, Chairman of National Agricultural, said, “National Agriculture has been cooperating with UnionPay Network and Guangzhou Exchange Group to jointly operate the agricultural payment business and trading business involving agricultural products, respectively. By working closely with Sinoagri Machinery Holdings, the Group will expand its agricultural product trading business to agricultural machineries trading. This will benefit the Group by providing a sustainable stream of cash flow, which will in turn enhance shareholder value. Meanwhile, the Group can capture opportunities arising from agricultural mechanization by upgrading the trading model for agricultural machinery and providing high-quality agricultural machinery trading services to farmers.”

About National Agricultural Holdings Limited

National Agricultural Holdings Limited (SEHK code: 1236.HK) is a rural market-based company that integrates financial services, trade, information, industry and science research. Its principal businesses are rural finance, trading in agricultural means of production, management of commercial complexes and high-tech information technology, etc. These directives are fully implemented to accommodate China’s strategic goal of vigorously developing large-scale agriculture and a new model of urbanization.  Hebei Supply and Marketing Cooperative made an equity investment in National Agricultural Holdings through its subsidiary Parko (HongKong) Ltd. in November 2013.

Mars, Incorporated Completes Acquisition of Procter & Gamble’s Pet Food Business in Major Markets

— Mars Also to Exercise Option for Procter & Gamble’s Pet Food Business in Additional Markets

MCLEAN, Virginia, Aug. 1, 2014 /PRNewswire/ — Mars, Incorporated announced today that it has successfully completed its acquisition of the IAMS®, EUKANUBA® and NATURA® brands in North America, Latin America and other select countries from The Procter & Gamble Company (NYSE:PG). This follows an agreement announced by the companies in April 2014 and receipt of all necessary regulatory approvals.  

Photo – http://photos.prnewswire.com/prnh/20140731/132426
Logo – http://photos.prnewswire.com/prnh/20110531/DC11881LOGO

Mars also announced today that it will exercise the option to purchase P&G’s pet food business in some parts of Asia Pacific, Middle East and Africa, including Australia, Japan and Singapore. This move reinforces the company’s strategic intent to build its presence in emerging markets and will enable Mars Petcare to meet the needs of more customers and pets around the world. Mars expects that the close for these additional businesses may take up to around a year, subject to regulatory approvals.

The IAMS®, EUKANUBA® and NATURA® brands will be part of Mars Petcare and are strategic additions that complement the company’s robust pet care portfolio. They join stable mates PEDIGREE®, WHISKAS®, ROYAL CANIN®, BANFIELD® and NUTRO®. 

“We are proud to welcome the IAMS®, EUKANUBA® and NATURA® brands and the new associates who are joining us today,” said Todd Lachman, President of Mars Petcare. “These brands are high quality and well respected by customers, vets and pet owners, and we believe they will thrive under our leadership. Together, we will be well positioned to take advantage of the fast growing pet care market, and satisfy the needs of more customers and pets around the world.”

Mars Petcare, the largest business for Mars, Incorporated, is one of the world’s leading pet food and veterinary care providers and employs more than 35,000 Associates across 50 countries.

About Mars, Incorporated

In 1911, Frank C. Mars made the first Mars candies in his Tacoma, Washington kitchen and established Mars’ first roots as a confectionery company. In the 1920s, Forrest E. Mars, Sr. joined his father in business and together they launched the MILKY WAY® bar. In 1932, Forrest, Sr. moved to the United Kingdom with a dream of  building a business based on the objective of creating a “mutuality of benefits for all stakeholders” – this objective serves as the foundation of Mars, Incorporated today. Based in McLean, Virginia, Mars has net sales of more than $33 billion, six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 75,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance.

Mars brands include: Petcare – PEDIGREE®, ROYAL CANIN®, WHISKAS®, BANFIELD® Pet Hospital, NUTRO®, SHEBA®, DREAMIES® and CESAR®; Chocolate – M&M’S®, SNICKERS®, DOVE®, GALAXY®, MARS®, MILKY WAY® and TWIX®; Wrigley – DOUBLEMINT®, EXTRA®, ORBIT® and 5™ chewing gums, SKITTLES® and STARBURST® candies, and ALTOIDS® AND LIFESAVERS® mints.  Food –UNCLE BEN’S®, DOLMIO®, EBLY®, MASTERFOODS®, SEEDS OF CHANGE® and ROYCO®; Drinks – ALTERRA ® Coffee Roasters coffee,  THE BRIGHT TEA CO.® tea, DOVE®/GALAXY® Hot Chocolate, and FLAVIA® brewer; Symbioscience – COCOAVIA® and WISDOM PANEL®.

For more information, please visit www.mars.com.  Follow us: facebook.com/mars, twitter.com/marsglobal, youtube.com/mars.

UBM Buys Seatrade Communications to Enhance Maritime Industry Offering

HONG KONG, Aug. 1, 2014 /PRNewswire/ — UBM, owner and organiser of Cruise Shipping Miami, Marintec China, Sea Japan, and other events serving the Cruise and General Maritime industries worldwide, today announces its acquisition of Seatrade Communications Ltd. 

Seatrade is recognised as a brand leader in the global business to business maritime industries. The company’s Cruise sector events include Seatrade Latin America Cruise Convention and Seatrade Middle East Cruise Forum, supported by Seatrade Cruise Review and the online portal Seatrade Insider. General Maritime events include Sea Asia in Singapore and Seatrade Middle East Maritime in Dubai, supported by the online Seatrade Global portal and Seatrade Magazine. In the Offshore Marine space it organises Seatrade Offshore Marine and Workboats Middle East in Abu Dhabi.

UBM and Seatrade have a long history of successful partnership on various maritime events worldwide. This acquisition brings together the two leading portfolios in this sector, serving to simplify the events landscape for customers and industry stakeholders alike.

Seatrade has been led by its Executive Chairman and owner Chris Hayman since 2003. Chris will remain with the business as Chairman, ensuring continuity of relationships, content and strategic guidance.The business will remain headquartered in Colchester, UK, with its offices in Dubai, Singapore and China continuing to drive growth in these regions.

Michael Duck, UBM’s Global Maritime Director and Executive Vice President of UBM Asia said:

“We have enjoyed a successful partnership with Seatrade for many years, and are delighted to now bring UBM and Seatrade together as one business to better serve our community of customers, delegates and readers across the maritime world. The unified portfolio and management structure will create a simplified, coherent and stronger global offering for our clients. From both a company and personal perspective, I am delighted that Chris Hayman – who is widely known and respected throughout the maritime industry – will be staying with the business. We look forward to working with him and the world class teams at both UBM and Seatrade over the coming years.”

Chris Hayman, Seatrade’s Chairman and owner, said: “Seatrade’s strategy of developing high quality events and global intelligence for the general shipping, offshore marine and cruise sectors, fits well with UBM’s world class events in these fields. We look forward to working with them to expand our combined global reach, and to provide the kind of content which is so critical to success in these dynamic industry sectors.”

Contacts

Mike Tan,

Senior Vice President,

UBM Asia

 

T: +852 2585 6120

E: mike.tan@ubm.com

 

Peter Bancroft,

Director of Communications,

UBM plc

 

T: +44 (0) 20 7921 5961

E: communications@ubm.com

Logo – http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg

Notes to Editors

1. About UBM plc

UBM plc is a leading global events-led marketing services and communications company. We help businesses do business, bringing the world’s buyers and sellers together at events, online and in print. Our 5,000 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.

For more information, go to www.ubm.com; follow us on Twitter at @UBM_plc to get the latest UBM corporate news; follow @UBMNews for news from all UBM’s businesses; follow @UBM for a flavour of UBM from selected members of UBM’s Twitterati.

2. Website links

Marintec China: www.marintecchina.com

Sea Japan: www.seajapan.ne.jp/en

Cruise Shipping Miami www.cruiseshippingevents.com/miami

Sea Asia: www.sea-asia.com

Seatrade Latin America Cruise Convention: www.latinamerica-cruise.com

Seatrade Middle East Cruise Forum: www.seatrade-middleeastcruise.com

Seatrade Middle East Maritime: www.seatrade-middleeast.com

Seatrade Offshore Marine and Workboats Middle East: www.middleeastworkboats.com

Seatrade Global: www.seatrade-global.com

Seatrade Insider: www.seatrade-insider.com

Seatrade Magazine: www.seatrademagazine.com

3. Image

A high resolution image of Michael Duck, UBM’s Global Maritime Director and Executive Vice President of UBM Asia, and Chris Hayman, Seatrade’s Chairman, is available on request.

John Hardy Acquired by Catterton, the Leading Consumer Focused Private Equity Firm

NEW YORK, July 31, 2014 /PRNewswire/ — John Hardy, a leading luxury designer jewelry brand, today announced that it has been acquired by Catterton, the leading consumer-focused private equity firm. Terms of the transaction were not disclosed.

Founded in 1975, John Hardy is a luxury designer jewelry brand known for its handmade craftsmanship, and iconic designs within its collection. The Company is a pioneer in sustainable luxury and uniquely positioned as the leading designer brand for which each piece is intricately handcrafted and one-of-a-kind. John Hardy’s recognizable and distinctive jewelry enjoys a loyal customer base and a top-tier, multi-channel distribution footprint, with collections available at more than 600 retail locations across 27 countries and regions, including world-renowned department stores such as Neiman Marcus, Saks Fifth Avenue, Bloomingdale’s, Harrods and Lane Crawford and stand-alone stores in Hong Kong, Jakarta and Bali. John Hardy recently signed supermodel Cara Delevingne to be the face of its new jewelry campaign.

Photo – http://photos.prnewswire.com/prnh/20140730/132050
Photo – http://photos.prnewswire.com/prnh/20140730/132051
Photo – http://photos.prnewswire.com/prnh/20140730/132052
Photo – http://photos.prnewswire.com/prnh/20140730/132053

The Company has appointed Robert Hanson as Chief Executive Officer, effective immediately. Mr. Hanson brings more than 25 years of brand development and retail experience to John Hardy, including with American Eagle Outfitters, Inc., where he served as Chief Executive Officer, and Levi Strauss & Co., where he served as Global President of Levi’s. Damien Dernoncourt, who has served as John Hardy’s Chief Executive Officer since 2007, will retain an equity stake in the Company and has been named Non-Executive Chairman, to which he will devote his full professional time. Guy Bedarida will continue to serve as Creative Director and Head Designer and Miles Graham will continue to serve as President and Chief Operating Officer.

“John Hardy is pleased to partner with Catterton, which will provide the support and resources to continue building our brand and accelerate our growth on an international scale,” said Mr. Dernoncourt. “I am confident that under Robert’s leadership and together with Catterton, we will enhance our status as a leading designer of unique handmade jewelry while maintaining our Company’s strong core values and luxury positioning. I am excited to be working with Catterton, Robert, and the entire John Hardy team as we grow and build on our success.”

Mr. Hanson said, “John Hardy is an iconic luxury brand with a loyal customer following, and I have been impressed with the strength of the brand under Damien’s leadership. I look forward to leading the Company and building upon its tradition of creating truly unique, authentic designs and providing outstanding customer service. John Hardy is well known for its distinctive style, extraordinary quality and commitment to handcrafted sustainable luxury. These key pillars will continue to be the cornerstone of our Company and our future success. With Catterton’s well-established track record for partnering with leading brands to help them capitalize on growth opportunities, I believe that John Hardy has significant potential and a bright future.”

Michael Chu, Managing Partner at Catterton, said, “Catterton is excited to partner with a differentiated brand with a strong heritage and a top-tier, multi-channel distribution footprint. With Catterton, John Hardy will have a robust platform to enhance its already exceptional brand and accelerate its growth trajectory. We are confident that John Hardy offers substantial upside through multiple paths for expansion, and look forward to working with Robert and the entire team at John Hardy to capitalize on new market opportunities and realize the Company’s significant potential.”

Catterton has partnered with luxury brands including Restoration Hardware, Baccarat, PIRCH, and Frederic Fekkai to name a few.

About John Hardy
One of a kind. One piece at a time. Each by hand. John Hardy is an authentic handmade jewelry brand reshaping the experience of luxury through a heritage of artisanal design, craftsmanship and ongoing sustainable practices. For more information, visit www.johnhardy.com.

About Catterton
Catterton is the leading consumer-focused private equity firm with more than $4.0 billion currently under management and a twenty-five year track record of success in building high growth companies. Since its founding in 1989, Catterton has leveraged its category insight, strategic and operating skills, and network of industry contacts to establish one of the strongest private equity investment track records in the middle market. Catterton invests in all major consumer segments, including Food and Beverage, Retail and Restaurants, Consumer Products and Services, Consumer Health, and Media and Marketing Services. Catterton’s investments include: Restoration Hardware, Baccarat, PIRCH, Outback Steakhouse, Sweet Leaf Tea, Noodles & Company, PIADA, Heartland RV, Frederic Fekkai, Build-A-Bear Workshop, Wellness and Nature’s Variety pet foods, Kettle Foods, Odwalla and P.F. Chang’s, to name a few. More information about Catterton can be found at www.cpequity.com.

Contact:

For John Hardy:

USAAnn Watson
Senior Vice President of Marketing, Communications and E-Commerce
Tel: 212-965-3799
Email: Ann.Watson@johnhardy.com

Asia PacificJanice Leung
Director of Marketing & Communications
Tel: +852 9661 4159
Email: Janice.Leung@johnhardy.com

For Catterton:

Andi Rose / Bryan Darrow
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

EQT Mid Market acquires compliance and integrity service provider Dataflow

HONG KONG, July 25, 2014 /PRNewswire/ — The EQT Mid Market fund (“EQT Mid Market”) yesterday acquired Dataflow Verification Services Limited (“Dataflow” or the “Company”) from the founders. Dataflow is a leading provider of immigration compliance and credential verification service to governments, government-sanctioned authorities and private institutions.

Dataflow was founded in 2006 and is headquartered in Hong Kong. The Company has operations in the Gulf Cooperation Council (GCC) region, India, Jordan, Singapore and Malaysia, and has a team of around 450 experts and researchers. Dataflow helps clients to conduct primary source verification (PSV) on credentials of highly skilled professionals, for example doctors, nurses or engineers, as part of mandatory immigration and credentialing programs, and processes more than 200,000 applications annually from 168 countries. Dataflow has relationships with over 25,000 issuing authorities such as schools, universities and other professional bodies around the world.

The global demand for highly skilled specialists across industries and sectors has led to a rise in the movement of labor throughout the GCC region as well as between other countries in the world. The movement of skilled and highly educated labor has increased the demands for PSV services in order to avoid recruitments based on fraudulent credentials.

Following the growing requirements for PSV services, Dataflow has established a leading market position in the GCC region with high customer retention. Dataflow offers its clients tailored PSV services with high integrity and quality which are scalable, cost efficient and provide a quick turnaround time. The globalization and the continued movement of labor is expected to offer substantial growth opportunities in both existing and new clients and countries.

Mr. Douglas Nairne, Co-founder and Chief Executive Officer of Dataflow, said: “EQT Mid Market is an ideal partner as Dataflow plans to grow and expand further. EQT has an industrial and hands-on approach and we share the vision of creating value for our stakeholders and the communities we protect. We are excited to work with EQT and their network of Industrial Advisors. Together, we will continue to deliver superior services to our clients and serve and protect the communities they represent.”

“We are impressed by the high quality of Dataflow’s compliance and integrity service offering. The management team has achieved to position Dataflow as a true leader and EQT looks forward to deploying its global resources to support its growth and development strategy further,” says Tak Wai CHUNG, Partner at EQT Partners, Investment Advisor to EQT Mid Market.

The parties have agreed to not disclose the transaction value.

Contacts:

Tak Wai CHUNG, Partner at EQT Partners, Investment Advisor to EQT Mid Market, +852 2801 6823

Johan Hahnel, EQT Mid Market Spokesperson, +46 706 05 63 34