Goldman Sachs
Ferretti Opts to Pursue Dual Primary Listing in Milan
Italian yacht maker Ferretti said on March 20 it decided to proceed with a potential dual primary listing on Euronext Milan a year after it joined the market in Hong Kong.The luxury yacht group said in a statement the deal is subject to a number of conditions, including getting the green light from regulatory authorities and stock exchanges both in Hong Kong and Italy.The company added it planned to amend its by-laws to effect the changes to allow its shares to be traded in European Union venues.
Ferretti Picks Banks to Explore Secondary Listing in Milan
Italian yacht maker Ferretti SpA has picked UniCredit, Goldman Sachs and JP Morgan to explore a secondary listing on the Milan Stock Exchange next year, two sources close to the matter said on Friday.The news was first reported by financial daily Il Sole 24 Ore.Earlier this year Ferretti, which is owned by Chinese conglomerate Weichai Group and whose brands include Riva, Pershing and Wally, made its debut on the Hong Kong stock exchange after raising $244 million.UniCredit and JP Morgan declined to comment, while Goldman Sachs was not immediately available for comment.The group has not yet dec
Brunswick to Acquire Navico for $1B
Brunswick Corporation entered into a definitive agreement to acquire Navico for $1.05 billion, bringing to Brunswick's Advanced Systems Group (ASG) well-known marine electronics brands such as Lowrance, Simrad, B&G and C-MAP."The acquisition of Navico and its award-winning brands will immediately accelerate Brunswick’s ACES (Autonomy, Connectivity, Electrification and Shared-Access) strategy, and support our vision to deliver distinctive new products and technology-enabled experiences,” said Dave Foulkes, Brunswick Corporation CEO.
Teledyne to Acquire FLIR Systems in $8 Billion Deal
Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are uniquely co
Navico Under New Ownership
Navico – a provider of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands – announced that Goldman Sachs Merchant Banking Division and Altor Fund IV have partnered and signed an agreement to acquire Navico from the Altor 2003 Fund. Navico is an innovative force within the recreational and commercial marine electronics market and has a rich history of investment in research and development. In the last two years, the company developed such technologies as the HALOTM Pulse Compression Radar technology…
