Monthly M&A Insider - Mergermarket

More documents

Recommendations

Info

Deal of the month Target: ANK Bashneft JSC (56.52% stake) Bashkirnefteprodukt JSC (54.33% stake) Novo-Ufimsky Refinery (67.33% stake) Ufaneftekhim OJSC (45.88% stake) Ufaorgsintez OJSC (53.02% stake) Ufa Oil Refinery JSC (58.59% stake) Announced: 30 March 2009 Bidder: AFK Sistema Deal value: €1,894m Seller: Ural-Invest Inzer-Invest Agidel-Invest Yuryuzan-Invest • JSFC Sistema, the listed Russia based conglomerate with a significant interest in telecom, has agreed to acquire stakes in several listed Russia based oil production and refinery companies, which are subsidiaries of Bashkir Oil and Energy Group. • The stakes to be acquired are a 56.52% stake in ANK Bashneft JSC, a 54.33% stake in Bashkirnefteprodukt JSC, a 67.33% stake in Novo-Ufimsky Refinery OJSC (Novoil), a 58.59% stake in Ufa Oil Refinery JSC, a 45.88% stake in Ufaneftekhim OJSC, and a 53.02% stake in Ufaorgsintez OJSC, from Russia based charity funds Agidel-Invest LLC, Inzer-Invest LLC, Ural- Invest LLC, and Yuryuzan-Invest LLC, for a total cash consideration of $ 2.5bn. • Under the terms of the agreement, the consideration will be satisfied through two tranches of cash payments. Deal nature: Domestic, Private Russia • The first tranche will be $ 2bn, payable upon the closing of the transaction, whilst the remaining $ 500m is a deferred consideration due in 14 months after the closing. • Prior to the transaction, Sistema held a 19.9% stake in Novoil, Ufa Oil and Ufaneftekhim; a 20% stake in ANK Bashneft and Ufaorgsintez; and a 19% stake in Bashkirnefteprodukt. The transaction thus increases Sistema’s shareholdings in the companies to 87.23%, 78.49%, 65.78%, 76.52%, 73.02%, and 73.33% respectively. Sistema plans to make an offer to acquire the remaining stakes in the companies. • The transaction is in line with Sistema’s strategy of creating additional shareholders value through investing in high cash-flow potential companies. The transaction is subject to the fulfillment of several conditions. <strong>Monthly</strong> M&A report – 196
Top deals Top 10 Russian announced deals for YTD 31 March 2009 Russia Announced Status Target company Sector Bidder company Seller company Exit multiples (x) Bid premia 1-day before Revenue EBITDA P/E 30-Mar-09 P ANK Bashneft JSC (56.52% stake); Bashkirnefteprodukt JSC (54.33% stake); Novo- Ufimsky Refinery OJSC (67.33% stake); Ufa Oil Refinery JSC (58.59% stake); Ufaneftekhim OJSC (45.88% stake); and Ufaorgsintez OJSC (53.02% stake) 3-Mar-09 C OJSC Polyus Gold (20% stake) 6-Mar-09 P Troika Dialog Group (33% stake) 19-Feb-09 P Bank VEFK (undisclosed stake) 21-Jan-09 C Atomstroiexport (78% stake) 24-Feb-09 C Dalpolimetall OAO (50% stake) 2-Feb-09 C OAO Hotel Budapest (55% stake) 13-Mar-09 P OJSC Multiregional Transit Telecom (43.40% stake) 3-Mar-09 C CenterObuv Trade House ZAO (33% stake) Energy, Mining & Utilities Energy, Mining & Utilities Financial Services Financial Services AFK Sistema Agidel-Invest LLC; Inzer- Invest LLC; Ural-Invest LLC; and Yuryuzan- Invest LLC Suleiman Kerimov (Private Investor) Standard Bank Group Limited Deposit Insurance Agency; NOMOS Bank; and OTKRITIE Financial Corporation Construction Federal Nuclear Energy Agency (Rosatom) of Russia Energy, Mining & Utilities Russian Mining Company Vladimir Potanin (Private investor) Deal value (€m) - 1,894 -47% 541 - 237 - 218 - 213 - 78 Leisure MCG Group JSC VTB Bank; and MC Ko Hotels Management Ltd - 47 TMT Synterra CJSC AFK Sistema - 42 Consumer Sun Investments Partners Ltd Raymar Capital Inc - 32 2-Feb-09 P OOO Banana-mama Consumer Alfa Bank Igor Yakovlev (private investor); and Oleg Yakovlev (private investor) 0.1 - 23 C = Completed; P = Pending; L = Lapsed Source: mergermarket <strong>Monthly</strong> M&A report – 197
Page 1 and 2:
Monthly M&A Insider A mergermarket
Page 3 and 4:
Introduction Despite a reasonably s
Page 5 and 6:
M&A faces Q&A: Non-European Investm
Page 7 and 8:
Video-sharing websites face consoli
Page 9 and 10:
The rising importance of mid-market
Page 11 and 12:
Signs that a sick market is returni
Page 13 and 14:
The Potential Impact of the Energy,
Page 15 and 16:
Deal of the month RATIONALE & SYNER
Page 17 and 18:
Top deals Top 15 North American ann
Page 19 and 20:
Expected deals Pipeline of North Am
Page 21 and 22:
League tables Top 20 financial advi
Page 23 and 24:
Trend graphs North American M&A qua
Page 25 and 26:
Trend graphs North American M&A dea
Page 27 and 28:
Mid-market deals North American M&A
Page 29 and 30:
Latin America Odebrecht Group consi
Page 31 and 32:
Deal of the month Advisers Target/s
Page 33 and 34:
Top deals Top 5 Latin American anno
Page 35 and 36:
Expected deals Pipeline of Latin Am
Page 37 and 38:
Trend graphs Latin American M&A qua
Page 39 and 40:
Mid-market deals Top 5 Latin Americ
Page 41 and 42:
Asia-Pacific SOUTH KOREA LG Innotek
Page 43 and 44:
Top deals Top 15 Asia-Pacific annou
Page 45 and 46:
Page 47 and 48:
Monthly M&A report - 47 Asia-Pacifi
Page 49 and 50:
Trend graphs Asia-Pacific M&A Geogr
Page 51 and 52:
Mid-market deals Asia-Pacific M&A q
Page 53 and 54:
Greater China Tech deals lead Taiwa
Page 55 and 56:
Deal of the month Target: Tianjin P
Page 57 and 58:
Top deals Top 15 Greater China anno
Page 59 and 60:
Expected deals Pipeline of Greater
Page 61 and 62:
value ($m) Trend graphs Greater Chi
Page 63 and 64:
Mid-market deals Top 10 Greater Chi
Page 65 and 66:
Mid-market league tables Top 10 mid
Page 67 and 68:
Deal of the month Target: USJ Co.,
Page 69 and 70:
Top deals Top 15 Japanese announced
Page 71 and 72:
Page 73 and 74:
Trend graphs Japanese M&A quarterly
Page 75 and 76:
value ($m) Mid-market deals Top 10
Page 77 and 78:
Australia Looming recession keeps A
Page 79 and 80:
Top deals Top 15 Australian announc
Page 81 and 82:
Expected deals Pipeline of Australi
Page 83 and 84:
value ($m) Trend graphs Australian
Page 85 and 86:
Mid-market deals Top 10 Australian
Page 87 and 88:
Mid-market league tables Top 10 Mid
Page 89 and 90:
Top deals Top 5 European announced
Page 91 and 92:
League tables Activity table of pri
Page 93 and 94:
Trend graphs European M&A annual tr
Page 95 and 96:
Trend graphs Transatlantic deals va
Page 97 and 98:
Mid-market deals Announced Status T
Page 99 and 100:
Mid-market league tables Top 15 mid
Page 101 and 102:
Deal of the month Target: Venture P
Page 103 and 104:
Expected deals Pipeline of UK expec
Page 105 and 106:
Page 107 and 108:
Trend graphs UK M&A annual trends v
Page 109 and 110:
Mid-market deals UK M&A quarterly M
Page 111 and 112:
Germany Consolidating the German ne
Page 113 and 114:
Deal of the month Target: Daimler A
Page 115 and 116:
Expected deals Situation Target com
Page 117 and 118:
value (€m) Trend graphs German M&
Page 119 and 120:
Mid-market deals German M&A quarter
Page 121 and 122:
France M&A in Q1 • The M&A activi
Page 123 and 124:
Top Deals Top 15 French announced d
Page 125 and 126:
Expected deals Pipeline of French e
Page 127 and 128:
Page 129 and 130:
Trend graphs French M&A annual tren
Page 131 and 132:
Mid-market deals French M&A Quarter
Page 133 and 134:
Italy M&A in Italy in 2009 • The
Page 135 and 136:
Deal of the month Exit multiples -
Page 137 and 138:
Top deals Top 5 Italian announced d
Page 139 and 140:
Page 141 and 142:
Trend graphs Italian M&A quarterly
Page 143 and 144:
value (€m) Mid-market deals Top 5
Page 145 and 146: Benelux Solvay: possible divestment
Page 147 and 148: Deal of the month Target: Vanderlan
Page 149 and 150: Top deals Top 5 Benelux announced d
Page 151 and 152: Expected deals Pipeline of Benelux
Page 153 and 154: League tables Activity table of pri
Page 155 and 156: Trend graphs Benelux M&A Annual Tre
Page 157 and 158: Mid-market league tables Top Mid-ma
Page 159 and 160: Deal of the month Target: Compania
Page 161 and 162: Top deals Top 15 Iberian announced
Page 163 and 164: Expected deals Pipeline of Iberian
Page 165 and 166: League tables Activity table of pri
Page 167 and 168: Trend graphs Iberian M&A Annual Tre
Page 169 and 170: Mid-market league tables Top 5 mid-
Page 171 and 172: Deal of the month Target: Roxar ASA
Page 173 and 174: Top deals Top 15 Nordic announced d
Page 175 and 176: Top deals Top 3 Danish announced de
Page 177 and 178: League tables Top 15 financial advi
Page 179 and 180: Trend graphs Nordic M&A quarterly t
Page 181 and 182: Mid-market deals Nordic M&A quarter
Page 183 and 184: CEE and CIS Russian Oil producer bu
Page 185 and 186: Top deals Top 15 CEE & CIS announce
Page 187 and 188: Top Deals Top 5 Poland announced de
Page 189 and 190: League tables Top 10 financial advi
Page 191 and 192: Trend graphs CEE and CIS M&A quarte
Page 193 and 194: Mid-market deals Top 10 CEE & CIS a
Page 195: Russia • During the first quarter
Page 199 and 200: Expected deals Pipeline of Russian
Page 201 and 202: Trend graphs Russian M&A quarterly
Page 203 and 204: Mid-market deals Top 10 Russia anno
Page 205 and 206: The stage is yours. Which role will
show all

Monthly M&A Insider - Mergermarket

Create successful ePaper yourself

Delete template?

Save as template?