IMAP advises HEM on the sale of a majority stake to LCI Education
IMAP Morocco advised on the sale of an 85% stake in HEM, the leading Moroccan business school, to LCI Education, based in Montreal.
Telarco is a leading provider of excavation services and civil works with a strong foothold in southern Sweden. The company focuses on medium sized projects with customers ranging from national fiber operators to municipalities as well as local energy companies. With close to 100 employees and 20 years in the business, Telarco is a strong player within their geographical market. Telarco has a turnover of around EUR 13 million.
Storskogen is a privately owned industrial group, with a long-term investment focus investing in stable and profitable companies with a strong position within their niche market. Today the group consist of a diversified company portfolio with 18 independent companies with a total revenue around EUR 200 million and 700 employees.
Tim Persson, IMAP
"After a well-organized process with great interest, Telarco and Storskogen feels like a good match, much because of Storskogen's long-term approach to their investments. Together with the previous owners, Storskogen will continue to develop Telarco and we are excited to follow Telarco in the years to come".
IMAP advised the sellers throughout the process.
The report is based on the results of a survey undertaken at the end of 2018, whereby IMAP partners across the world were asked for their views on the M&A markets in 2018, as well as their expectations for 2019.
IMAP is pleased to announce that Connector Specialists, Inc, distributor of industrial products, acquired the business operations of Bluestar Industries, LLC and Bluestar Ace Machine, LLC. Terms of the transaction were not disclosed.