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.
Vitale & Co. advised The Middleby Corporation (NASDAQ: MIDD) in the acquisition of Firex Srl. The company is a leading manufacturer of steam cooking equipment for the commercial foodservice industry. Based in Sedico, Italy, Firex has approximately $20 million USD in annual revenues.
Selim Bassoul, CEO of The Middleby Corporation said
“The Firex acquisition extends our product offerings in steam and sous vide cooking, categories which continue to grow due to health benefits and enhanced food quality. Firex products are highly innovative and include automated features allowing for reduced labor, increased capacity and standardization of cooking processes. We see expanded opportunities for growth as we introduce Firex products in the U.S. to complement our current equipment lineup and in the international markets leveraging our infrastructure and customer relationships globally.”
Read the speech given by Jurgis Oniunas, the Founding Partner of IMAP SEE and Chairman of IMAP, at the 15th anniversary and re-branding party of IMAP's partner company Ascendant Capital Advisors (now IMAP Southeast Europe) in Zagreb, Croatia on the 6th December 2018.
Jacob Voorhees, Head of Global M&A at IMAP’s US partner firm Capstone Headwaters, has been elected Vice Chairman of Barcelona-based international merger and acquisition partnership, IMAP Inc.