by Alan Burdziak
Fresh Produce, a closely held women’s clothing company, is prepared to sell a minority or majority stake to help reach its goal of doubling sales within the next five years, co-founder Mary Ellen Vernon said. Vernon, who founded the Boulder, Colorado-based company with her husband in 1984, said it would be receptive to selling to a buyer with financial

by Yizhu Wang, with analytics by Kylie Kirschner
2019 has seen a surge of acquisitions of M&A advisory firms Sellers desire more resources to better compete Buyers attracted by more stable, profitable revenue streams   Rising compliance and technology costs and pressure on margins across many investment banking business lines are among the key drivers behind an increase of investment bank

by Haejin Choi and Yeo Kyung Kim in Seoul, with analytics by Gerry Tee
LG Group’s M&A activity is expected to be strong in the next few years under new head Koo Kwang-mo, as it builds a roadmap for future growth and investment plans, industry analysts and advisors told Mergermarket.   This year and the next are likely to be “eventful” for the company given his strong leadership, Jisan Kim, a corporate analyst

by Min Ho and Amy-Jo Crowley in London
Mayfair Equity Partners is assessing options for portfolio company Tour Partner Group, including further bolt-on acquisitions or an exit next year, according to Daniel Sasaki, managing director at the sponsor. Mayfair has yet to appoint an adviser to guide it on a potential sale of UK-based company, Sasaki said. There are “definitely” advisers already

By Yizhu Wang and Jay Antenen
Fiserv is working with Citigroup to shop its investment services business, said two sources familiar with the situation. The divestiture comes as the Brookfield, Wisconsin-based financial software company increasingly focuses on the payments industry following the closing of its USD 38bn acquisition of First Data last month. Fiserv’s non-core

The New Zealand Exchange (NZX), the country's mainboard, has been urged to address a lack of new listings - an issue that has become more acute over the past two years - with some market participants suggesting a merger with Australian Securities Exchange as a solution, according to market participants that spoke to Mergermarket. Napier Port, a port

James Ward in Charlottesville, Virginia, with additional reporting by Mark Druskoff
ElectrifAI’s stable base of recurring revenue makes it a “terrific IPO candidate,” said CEO Edward Scott. He said the provider of machine learning solutions would likely seek an IPO or sale when annual revenue reaches USD 150m, up from the current USD 50m, sometime after 2021. The Jersey City, New Jersey-based company is focused on clients

Health-Ade, the third-largest kombucha brand in the US, has secured USD 20m in equity from existing investor Coca-Cola, according to two sources familiar with the matter.   Piper Jaffray assisted the Los Angeles-based beverage company with its growth capital raise, according to the sources. The transaction took place around early May, said the

by Amy-Jo Crowley in London, with analytics by William Cain
Axel Springer is eyeing the acquisition of Scout24's auto division as the latter mulls a separation of its car and property classifieds operations, two sources familiar with the situation said.   Scout24 has engaged in recent discussions about splitting its ImmobilienScout24 home listings in Germany and AutoScout24 car listings across Europe, the

by Claudia Montoto in Chicago and Richard Tekneci in London
Bombardier is exploring a sale of its Belfast and Morocco aerostructures businesses with financial advisor Credit Suisse, said two sources familiar with the matter.   Marketing materials have been sent to prospective buyers, said three additional sources familiar with the matter. In addition to Belfast and Morocco, Bombardier has included a Dallas