Matrix has advised Land O’Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel (Anabi Oil Corp). Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida. Anabi/Rebel is a family owned and operated petroleum marketing, convenience retail and car wash business with over 600 locations across 16 states, including multiple QSR brands. Congratulations to all parties involved in this successful transaction. https://lnkd.in/emjw5knw #mergersandacquisitions Cedric Fortemps, CFA, Nathan Wah, CPA, Reilly Erhardt, CPA
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almowazi is your gateway to the OTC market, unlisted and delisted companies. In this week's #marketmovers, read about: - OTC 237 Kout Food Group commencing with the payout of 80% cash dividends to shareholders - OTC 117 Kuwait Packaging Materials (K-Pak) starting its 30% #cashdividends to shareholders - Feedback from the #assemblymeeting held at Touristic Enterprises Company (TEC) - Upcoming assembly meeting for OTC 242 Ream Real Estate Company to discuss the future of the company - Overall #otcplatform #trading updates for the period 31 March to 4 April 2024 - Trading updates for OTC 989 AlMutajara Real Estate and news about the recommendation to distribute 7% cash dividends Follow #almowazi on our social media channels and visit our website for ongoing updates on OTC, #unlisted and #delisted #news, upcoming assembly meetings, results from assembly meetings, trading updates etc. Register on our website to receive our #weeklymarketupdate every week. https://conta.cc/4akkSdl
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almowazi is your gateway to the OTC market, unlisted and delisted companies. In this week's #marketmovers, read about: - OTC 237 Kout Food Group commencing with the payout of 80% cash dividends to shareholders - OTC 117 Kuwait Packaging Materials (K-Pak) starting its 30% #cashdividends to shareholders - Feedback from the #assemblymeeting held at Touristic Enterprises Company (TEC) - Upcoming assembly meeting for OTC 242 Ream Real Estate Company to discuss the future of the company - Overall #otcplatform #trading updates for the period 31 March to 4 April 2024 - Trading updates for OTC 989 AlMutajara Real Estate and news about the recommendation to distribute 7% cash dividends Follow #almowazi on our social media channels and visit our website for ongoing updates on OTC, #unlisted and #delisted #news, upcoming assembly meetings, results from assembly meetings, trading updates etc. Register on our website to receive our #weeklymarketupdate every week. https://conta.cc/4akkSdl
Market Movers - 4 April 2024
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San Miguel Corporation sustained its strong financial performance in the first nine months of the year as net income surged 141% to ₱31.2 billion from the same period last year! To READ MORE, check out the article below ⬇ #smc #profit #business #performance #food #beverage #power #petron #infrastructure #cement
SMC's nine-month profit more than doubles to ₱31.2 billion from ｜PR Station
prstation.ph
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🌟 Market Gate Announcement 🌟 Introducing Market Gate's Latest Venture: Market Gate is delighted to announce the formation of our team and the commencement of operations for our new business line in the food sector in Iraq. With our expertise in business management consultancy and deep understanding of the Iraqi market, we are excited to embark on this new venture. Our goal is to deliver high-quality food products and services while contributing to the growth and development of the food industry in Iraq. Stay tuned for more updates as we strive to make a positive impact in the food sector! #MarketGate #NewVenture #FoodSector #IraqBusiness
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Spar Group, South Africa's second-largest grocer, plans to acquire smaller retailers and expand into non-food sectors, aiming to increase South Africa's revenue contribution to 70% over five years. CEO Angelo Swartz highlights the move as a strategy to navigate the country's economic challenges and enhance market share. #SparGroup #RetailExpansion #SouthAfricaEconomy #NonFoodRetail #BusinessGrowth #MarketDiversification #EconomicDevelopment #RetailStrategy #Acquisitions #PetShops #Governance #AfricanMarkets #CEOInsights #RetailNews #BCS
Spar Group Targets Non-Food Retail Sector to Boost South African Market Presence
bcs.com.na
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Captain Fresh, the leading online seafood firm, has made a significant move by acquiring CenSea Inc, a prominent US-based frozen fish and seafood importer and distributor, as revealed by founder and CEO Utham Gowda . While the deal value remains undisclosed, it's confirmed that Captain Fresh has fully acquired CenSea in a cash-and-stock transaction, with 90% of the consideration paid in cash. With its widespread presence across the US, CenSea will now serve as the cornerstone of Captain Fresh's US business. This strategic acquisition aligns with Captain Fresh's broader expansion plans, transitioning from seafood export to distribution in key markets like the US and Europe. It follows closely on the heels of Captain Fresh's recent purchase of French shrimp distributor Senecrus. Excitingly, Captain Fresh is also in talks for further acquisitions in the European market, enabling entry into the lucrative North Atlantic supply markets. In addition to this milestone, Captain Fresh recently raised $25 million in a funding round led by UK government-backed British International Investment (BII) and Nekkanti Seafoods Group. With over 50% of its business projected to come from the US market in the next few months, Captain Fresh is poised for remarkable growth and market dominance. Stay tuned for more updates on Captain Fresh's remarkable journey! #CaptainFresh #SeafoodIndustry #Expansion #Acquisition #MarketGrowth
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Financial Enthusiast, 14k +, guiding candidates for CA & CS, CPA, CISA , Ex-EY, handled SOC 1 (Type - II) & SOC-2 (designing controls based on TSC) , COSO Internal control, Exp in Health care, lastly a Fitness freak
Types of Real Options Real options may be classified into different groups. The most common types are: option to expand, option to abandon, option to wait, option to switch, and option to contract. Option to expand is the option to make an investment or undertake a project in the future to expand the business operations (a fast food chain considers opening new restaurants). Option to abandon is the option to cease a project or an asset to realize its salvage value (a manufacturer can opt to sell old equipment). Option to wait is the option of deferring the business decision to the future (a fast food chain considers opening new restaurants this year or in the next year). Option to contract is the option to shut down a project at some point in the future if conditions are unfavorable (a multinational corporation can stop the operations of its branches in a country with an unstable political situation). Option to switch is the option to shut down a project at some point in the future if the conditions are unfavorable and resume it when the conditions are favorable (an oil company can shut down the operation of one of its plants when oil prices are low and resume operation when prices are high). #realoptions #sfm #stockmarket #cfa #knowledge
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#Danish value-added #producer A. Espersen A/S now owns 100% of the share capital of Iceland Seafood UK. 🇬🇧🐟🏭💰 📌 The #loss on #sale of the #shares will be £0.3m (€0,34m / $0,36m) for Iceland Seafood International. 📌 In addition to being one of the main #European #seafood #markets, #UK is also Espersen's #main #market. 🗣️ "This acquisition is more than just a #business #decision; it is a #commitment to our #customers, our #employees, and the #industry," said Espersen’s #CEO, Klaus B. Nielsen when the news became public about one month ago. 🟣🔵 Read full details here 👉 https://lnkd.in/dfsExKvf
Espersen's acquisition of Iceland Seafood UK completed - WEAREAQUACULTURE
https://weareaquaculture.com
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Senior Associate at Templars | Dispute Resolution | Fintech | Tax | Corporate Commercial
TEMPLARS has advised EnjoyCorp Limited on the acquisition of 100% shares in The Raysun Nigeria Limited (a subsidiary of Heineken International B.V), the parent company of Champions Breweries plc; resulting in the indirect acquisition of 86.5% controlling stake in Champion Breweries plc, a leading regional brewery company operating in Nigeria. This transaction signifies EnjoyCorp Limited’s strategic entry into the Food & Beverage sector underpinning its long-term commitment to the African market and consumers. Further to the acquisition, Enjoycorp Limited aims to optimize Champion Breweries’ extensive distribution network, thereby strengthening its market presence whilst facilitating increased local participation in the Nigerian food and beverage value chain. According to the Founder of EnjoyCorp Limited, Mr. Eric Idiahi, “this acquisition represents a significant addition to EnjoyCorp’s growing Food & Beverages portfolio...we will leverage on Champion Breweries existing market position and strong brand recognition alongside our ability and expertise to boost operational efficiencies, grow market share and ultimately, increase earnings.” The TEMPLARS team on the transaction was led by Partner, Finance and Mergers & Acquisition, Zelda Akindele, with key support from Managing Counsel, Obianuju Ifebunandu. Other members of the Templars team include Associates Pamela Ojiego, Victoria Aluko, and Oluwafisayo Aderibigbe. #MergersAndAcquisitions #CorporateLaw #FoodAndBeverageIndustry #MarketExpansion #AfricanMarket #LegalAdvisory #TemplarsLaw #ChampionBreweries #EnjoyCorp #BusinessStrategy
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TEMPLARS has advised EnjoyCorp Limited on the acquisition of 100% shares in The Raysun Nigeria Limited (a subsidiary of Heineken International B.V), the parent company of Champions Breweries plc; resulting in the indirect acquisition of 86.5% controlling stake in Champion Breweries plc, a leading regional brewery company operating in Nigeria. This transaction signifies EnjoyCorp Limited’s strategic entry into the Food & Beverage sector underpinning its long-term commitment to the African market and consumers. Further to the acquisition, Enjoycorp Limited aims to optimize Champion Breweries’ extensive distribution network, thereby strengthening its market presence whilst facilitating increased local participation in the Nigerian food and beverage value chain. According to the Founder of EnjoyCorp Limited, Mr. Eric Idiahi, “this acquisition represents a significant addition to EnjoyCorp’s growing Food & Beverages portfolio...we will leverage on Champion Breweries existing market position and strong brand recognition alongside our ability and expertise to boost operational efficiencies, grow market share and ultimately, increase earnings.” The TEMPLARS team on the transaction was led by Partner, Finance and Mergers & Acquisition, Zelda Akindele, with key support from Managing Counsel, Obianuju Ifebunandu. Other members of the Templars team include Associates Pamela Ojiego, Victoria Aluko, and Oluwafisayo Aderibigbe. #MergersAndAcquisitions #CorporateLaw #FoodAndBeverageIndustry #MarketExpansion #AfricanMarket #LegalAdvisory #TemplarsLaw #ChampionBreweries #EnjoyCorp #BusinessStrategy
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Chairman Board of Directors
1moAnother excellent example of Matrix's long term approach to client development and commitment to helping owners make decisions over the long term to build shareholder value.