LCC Asia Pacific's 12 Foot Skiff Hammering Under Spinnaker On Sydney Harbour

All photos taken by Nicholas Assef from Duff Reserve at Point Piper shooting with a Canon 1DX with a Canon 600mm telephoto lens

LCC ASIA PACIFIC 12 FOOT SKIFF competing on 19th November 2017

Edition 235 of weekly Engineering, Contracting & Services Report released

Edition 235 of our weekly report can be viewed here :  LCC Asia Pacific Weekly Report Edition 235

LCC Asia Pacific Advises WearX on Divestment to leading Global Industrial company Metso

LCC Asia Pacific has provided strategic and financial advice to WearX  (www.wearx.com) in its successful divestment to leading Finnish player Metso (www.metso.com ).  

LCC's deal team was lead by Nicholas Assef, with James Stevenson from SWS Lawyers providing lead legal counsel to WearX. https://www.swslawyers.com.au/

The trade sale process run by LCC saw 4 final binding proposals tabled, in a targeted process where less than 8 parties were approached.  All final proposals were from international parties, confirming the strength in LCC’s cross border expertise to target & successfully execute M & A transactions in today’s “borderless” business community.

The final valuation for WearX was strong, although it remains confidential.  It would be described as a “lower mid market” sized transaction with a valuation multiple exceeding 11x TEV / EBIT on FY17A numbers (which translates into circa 9x Forward multiple on FY18B)

LCC continues to see strong demand for mining technology products & services plays from international parties, and anticipates additional deals happening within this vertical over the coming 6 to 12 months

The deal announcement here :

Metso Announcement