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.
Verdant Capital has joined IMAP, the leading global M&A partnership, becoming the second partner firm in Africa.
Verdant Capital ranked 14th in the M&A league tables in 2017 (source: DealMakers Africa) and has offices in Johannesburg, Accra, Ebene and Kinshasa. The senior team at Verdant Capital has extensive experience working in North America, London and the Middle East as well as in South Africa and markets across the African continent. The senior team has experience performing similar roles for global investment banks such as Morgan Stanley and Deutsche Bank, as well as working for leading international investors such as US AID and ANSON.
The other IMAP partner firm in Africa is Ascent Capital Partners head-quartered in Casablanca.
Jurgis Oniunas, Chairman of IMAP said
“We are pleased to welcome Verdant Capital as a partner firm in IMAP. The partnership is now present in nearly 40 countries Worldwide, with eight offices on the African continent.“
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.