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.
Vitec Software Group AB (publ) acquired 97,2 % of the shares in the Norwegian software company Agrando AS. Agrondo AS offers industry specific software for the management and operations of churches in the Nordics, with Norway and Sweden as its primary markets. The company has revenues of MSEK 42 with an EBITDA of ca. MSEK 5.5 in 2017. The deal was an all-cash transaction.
Stratema advised Vitec Software Group.
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.