Hints and tips:
Related Topics
...Several of its buyouts at least trebled its investors’ money, including the takeover of German bathroom-fittings maker Grohe in 2004 and Turkish alcoholic beverages group Mey Icki in 2006....
...“They are building a military port,” Mey La, 63, said when asked why officials had asked them to sell their land. “They told me that.”...
...The US buyout group went on to lead some of the flashiest and most successful deals in the continent, including the takeover of German bathroom-fittings maker Grohe and Turkish alcoholic drinks firm Mey...
...As a teenager, he trained under pastry chef Robert Mey at the Hyatt Carlton Tower, setting in place an internal “baking clock” that seems magically to know when things are about to be ready in ovens behind...
...Mr Menezes has been selling off assets and trying to improve efficiency after its acquisition spree, which included taking control of India’s United Spirits and buying Mey Içki in Turkey in 2011....
...“In Scotland, spend a day at Mey, Where all cry out, ‘What sums are thrown away!’” The free-spending Queen Mother could cite the Dutch couple as precedents....
...The new legislation has angered alcohol companies, notably Diageo, which purchased Mey Icki, Turkey’s leading raki producer, for $2.1bn two years ago....
...“Probably Turkey is one of the few markets that has not been negatively impacted by the global crisis,” says Galip Yorgancioglu, chief executive of Mey Içki....
...The same logic underpinned last year’s purchase of ShuiJingFang, a traditional Chinese spirit maker for up to £815m, and Mey Icki, a Turkish raki maker for £1.3bn....
...A multiple of 15 times historic earnings before interest, tax, depreciation and amortisation is ahead of the 11 times that Diageo paid for Turkish raki maker Mey Içki last year, but closer to the 16 times...
...However, analysts cautioned the deal was far from the game changer that the Mey Icki deal was....
...Grazing Goat, the in-house printers add the critical right-hand side in distinct italics: the vegetable or salad accompaniment to the Devon crab or shoulder of lamb; the Suffolk chicken; the Castle of Mey...
...In February 2011, Diageo acquired Mey Içki, Turkey’s leading spirits company, for £1.3bn, its first billion-pound purchase in a decade....
...At around five times pro-forma net sales (R$177 per share), it’s at a similar multiple to the company’s dramatic purchase of Turkish spirit Mey Içki in February 2011....
...He added that, since TPG paid more than TL6bn ($3.3bn) in tax in five years when it owned Mey Içki, the drinks group, “I think we know what we are talking about”. TPG sold it to Diageo this year....
...RTT adds that TPG had been considering an initial public offer for Mey Içki, according to reports.....
...A Mey Iki-style bargain would run to about $2bn. Diageo can afford to pay top dollar, and in cash, even if they should not....
...The deal comes just months after Diageo purchased Mey Içki, Turkey’s leading spirits company, in a £1.3bn ($2.1bn) deal and follows SABMiller’s agreement last month to buy Australian brewer Foster’s for...
...At the start of this year Diageo acquired a small stake in Halico, a Vietnamese vodka maker, and in February bought Mey Icki Sanayi Ve Ticaraet for £1.3bn....
...Diageo’s (DGE:LSE) planned acquisition of Mey Icki, still pending, comes in as the sixth biggest deal this year to date, which Dealogic puts at $2bn....
...TPG plans to hold a “beauty contest” next month to choose advisers for the likely sale of Mey Icki, which has more than doubled its earnings to $200m-plus since it was bought by TPG in 2006 for $810m....
...A deal for Jose Cuervo would follow Diageo’s $2.1bn purchase of Mey Içki, Turkey’s leading spirits company, in February....
...Diageo, whose pursuit of local spirits producers moved up a gear with last month’s £1.3bn offer for Turkey’s Mey Içki, wants to raise its existing 49 per cent stake in the Chinese holding company to 53 per...
...presence in emerging markets, buying stakes in Serengeti Breweries in Tanzania, Halico in Vietnam, ShuiJingFang in China, and Zacapa premium rum from Guatemala, as well as acquiring Turkish spirits group Mey...
...The prospect of more helps explain the decision of Diageo, the British spirits producer, to spend $2.1bn on Mey İçki, Turkey’s market-leading producer of raki....
International Edition