In an interview with M&A Magazine, Carlos Pita Cao, head of AKD's Corporate and M&A practice group, provided an insight into the takeover of Compacon by Plato Group in early 2017. Both companies operate in the market for promotional products. Carlos Pita and his team advised Ravoma, the selling holding company of which Compacon was part.
Carlos Pita told M&A that "the parties involved were convinced that the deal itself was going to be a unique perfect fit". As Ton Löbker (Compacon's CEO) indicated previously, "this transaction offers Compacon, as part of Plato Group, a springboard to a large international network of European branches and allows it to expand its international activities. Plato Group on the other hand was looking for market expansion and wanted to increase its footprint in Europe. With Compacon, Plato Group can serve a market segment that supplements its current activities."
For AKD's M&A practice group, the market for promotional products was a relatively unexplored territory. "This goes to show that AKD is well-positioned in the middle and upper middle markets."
According to Carlos Pita 2017 started well in terms of deals. "We have been involved in a considerable number of transactions, both on the sell side and the buy side. This year, we will also start to focus more on specific sectors. We have a tradition of being well-represented in sectors such as transport, TMT and real estate, but we also want to gain a foothold in sectors such as financial services." Carlos Pita commented to M&A: "For this reason, I am convinced that we will be involved in more bigger-ticket deals in the future".
Carlos Pita is positive about current M&A activity in the market and sees plenty of opportunities for AKD. "You can all expect a great deal from AKD. It was not so long ago that we began to strengthen, expand and internationalise our organisation. I love to see the dynamism and renewed optimism among our staff, from junior members to partners. When you walk these hallways, the enthusiasm is plain to see. There's a drive. We are very consciously strengthening our organisation."
In an interview with M&A Magazine, Carlos Pita Cao, head of AKD's Corporate and M&A practice group, provided an insight into the takeover of Compacon by Plato Group in early 2017. Both companies operate in the market for promotional products. Carlos Pita and his team advised Ravoma, the selling holding company of which Compacon was part.
Carlos Pita told M&A that "the parties involved were convinced that the deal itself was going to be a unique perfect fit". As Ton Löbker (Compacon's CEO) indicated previously, "this transaction offers Compacon, as part of Plato Group, a springboard to a large international network of European branches and allows it to expand its international activities. Plato Group on the other hand was looking for market expansion and wanted to increase its footprint in Europe. With Compacon, Plato Group can serve a market segment that supplements its current activities."
For AKD's M&A practice group, the market for promotional products was a relatively unexplored territory. "This goes to show that AKD is well-positioned in the middle and upper middle markets."
According to Carlos Pita 2017 started well in terms of deals. "We have been involved in a considerable number of transactions, both on the sell side and the buy side. This year, we will also start to focus more on specific sectors. We have a tradition of being well-represented in sectors such as transport, TMT and real estate, but we also want to gain a foothold in sectors such as financial services." Carlos Pita commented to M&A: "For this reason, I am convinced that we will be involved in more bigger-ticket deals in the future".
Carlos Pita is positive about current M&A activity in the market and sees plenty of opportunities for AKD. "You can all expect a great deal from AKD. It was not so long ago that we began to strengthen, expand and internationalise our organisation. I love to see the dynamism and renewed optimism among our staff, from junior members to partners. When you walk these hallways, the enthusiasm is plain to see. There's a drive. We are very consciously strengthening our organisation."