Publicación de A&O Shearman Spain

#INTERNACIONAL | Vende McDermott International, Ltd su Línea de Negocio de Almacenamiento CB&I McDermott International, Ltd. (McDermott) ha formalizado un #acuerdo para vender su negocio de almacenamiento CB&I a un consorcio de #inversores financieros liderado por Mason Capital Management LLC. La #transacción, que se espera se complete en el cuarto trimestre de este año, generará ingresos de aproximadamente 475 millones de dólares antes de impuestos y gastos de transacción. Esta decisión es el resultado de un proceso de #comercialización exhaustivo, donde McDermott recibió múltiples #ofertas de potenciales compradores. De acuerdo con el convenio de crédito de McDermott, los #ingresos de la venta se destinarán a liquidar el préstamo existente de CB&I, garantizar ciertas cartas de crédito de McDermott y reducir un préstamo a largo plazo de la empresa. Michael E. McKelvy, presidente y CEO de McDermott, afirmó que "el interés significativo en nuestro negocio de #almacenamiento es un reflejo directo de su larga historia de proporcionar soluciones de almacenamiento de clase mundial y su brillante futuro". Añadió que considera esta #transacción como la mejor opción para CB&I, sus #clientes y #empleados. CB&I, que se unió a McDermott en 2018, es una empresa global en el diseño y #construcción de instalaciones de #almacenamiento, #tanques y #terminales. En 2023, McDermott llevó a cabo #acciones para fortalecer este negocio, incluyendo la implementación de una estructura de capital dedicada. Mark Butts, vicepresidente senior de CB&I, expresó que "el consorcio representa un grupo diverso de accionistas que están familiarizados con nuestro negocio y que han apoyado nuestra estrategia". Por su parte, Mike Martino, miembro y principal de Mason, destacó: "Estamos complacidos de llegar a este acuerdo para adquirir y ser los futuros administradores de CB&I. Creemos que la compañía tiene un potencial significativo como una entidad independiente, y esperamos aprovechar nuestra experiencia en #inversiones exitosas en negocios industriales y de ingeniería para mejorar las #operaciones de la empresa y apoyar un #crecimiento rentable a largo plazo". Goldman Sachs actúa como #asesor financiero exclusivo para McDermott, mientras que Kirkland & Ellis proporciona asesoría #legal a la empresa. Citi es el asesor financiero exclusivo de Mason, con Cadwalader, Wickersham & Taft LLP como asesor legal de Mason Capital Management LLC. #energynews #mcdermott #acuerdosfinancieros #almacenamiento #inversiones #negociosglobales #consorcio #transaccionesempresariales #industriainternacional #finanzas #capitalmanagement

As VP Sales Europe at Sidetrade I'm excited to announce our strategic expansion into Germany with the acquisition of SHS Viveon, a leader in credit risk management software. This move not only strengthens our presence in Europe's largest economy but also highlights our robust growth, with Sidetrade's stock rising by 1.25% amidst a market downturn. Sidetrade first-quarter revenue soared by 20%, with significant growth in 'Order to Cash' SaaS subscriptions. This acquisition promises substantial cross-selling opportunities and reinforces our commitment to driving innovation and securing our position as the leading European provider in our sector. This step reinforces Sidetrade's presence in Europe, consolidating our position as the leading European provider in the Order to Cash sector. As we integrate SHS Viveon into our operations, we anticipate continued double-digit growth and an even stronger foothold across the continent. Looking forward to a future filled with growth and innovation! #Sidetrade #Expansion #Europe #Germany #Innovation #GrowthStrategy Jon Vass Naomi Smith Matt Hill Matthieu Terrier Christophe CAZE Danny Labrana Laurent Journeau Alexandre MIMEUR Olivier Faouzi Gregory Lorito Emilie Everhard Antoine PAUL Arnaud Messina Arnaud Semevo Nicolas Breteche Aymeric Cambriani Chris Moakes 🌟Chris Windsor🌟 Graham Scholtka

Se publica en el DOF el ACUERDO por el que se expiden los Manuales de Procedimientos de la Secretaría de la Función Pública. Dichos documentos establecen de manera clara los pasos a seguir y las areas involucradas dentro de las actividades que realizan las unidades admisnitrativas de la pdependencia. Su relevancía implica generar certeza jurídica en la operación, delimitar tramos de responsabilidad, establecer un mecanismo control interno, entre otros. Puedes revisar cada uno en el siguiente link: https://lnkd.in/ecYqmV9Q Te comparto el acuerdo en este otro link: https://lnkd.in/e7-hhEGJ

Joining a trade union is often overlooked by (international) staff starting to work in Belgium. By definition, HR departments are paid and, therefore, biased towards the employer. Trade unions should be able to advise you when negotiating with your employer. The lower the salary, the more it makes sense to join and use their services. And it is effectively often free. See below.

A continuación la Relación de las Entidades Paraestatales de la Administración Pública Federal publicada en el DOF.

"Pillar 2" Disclosures in 2023 Lux GAAP Financial Statements: the CNC is providing guidance about expectations - see the link to the document in comment and below. 👉 In a nutshell: The CNC recommends to provide similar information in Lux GAAP accounts than those required by IAS 12 Amendments "Pillar II", endorsed by EFRAG. 🛑 Attention to the article 53 para. 2 of the Luxembourg "Pillar 2" Law. Some additional specific disclosures in 2023 Lux GAAP Accounts might be highly recommended to take benefit of unrecognized DTA on unused tax losses for "Pillar 2" calculation purpose in the future. You have some questions - please feel free to reach out to me or my colleagues Stephane Schirrecker, KARINE THIL, Shadjiah Mooniaruch, Delphine Lecorche, Nvard R., Olivier Buscheman, Jean-Michel HENRY, Thierry Bovier, Sophie Vanesse, Anca (Grigore) Amancei, FCCA, Carole Hein, Grégory JULLIEN

More than 10 years ago we first partnered with NEHCO, a South Australian building company. It was at this time that NEHCO's co-founder David, came to us at Brunswick Invoice Finance with major cash flow issues. David recalled that the reason he first came to Brunswick was simply because he was going to go broke. Fast forward 10+ years and now NEHCO is striving with yearly growth and a record of incredible success. See our full interview and case study with David and NEHCO here: https://lnkd.in/ginQE7xF 🤝 10+ years of partnership 💰 $1,000,000+ of transactions ❌ 0 accounting errors 📈 Success and exponential growth We would like to publicly thank NEHCO for our decade long partnership, we look forward to continuing our strong success for many more years to come. #invoicefinancing #invoicefinance #finance #businessfinance #cashflow #businessfunding #businesshelp #financialsolutions #australianfinance #australianbusiness #brunswickinvoice

Revisamos el especial “Non-price effects on mergers” publicado en enero de este año en la revista Competition Policy International (CPI), que discute el rol que han tenido los efectos de las fusiones en variables competitivas distintas al precio (por ej., calidad, innovación y variedad).

Salarios de altos cargos en Latinoamérica: ¿cuánto ganan los CEO y CFO en 2024? | Un 43% de los altos ejecutivos en América Latina destaca la importancia de la cultura y los valores de la organización y valoran la autonomía en los procesos de aprendizaje, según Page Executive. Salarios de altos cargos en Latinoamérica: ¿cuánto ganan los CEO y CFO en 2024? (bloomberglinea.com) https://lnkd.in/eqt3FEHp

As the year draws to a close, the Autoridade da Concorrência (AdC) - Portuguese Competition Authority announces its New Year Resolutions, in the guise of the 2024 Competition Policy Priorities (link below). As always, it’s a short document, highlighting what the Authority would like to focus on in the year ahead, with great reliance on the “golden oldies” of cartels, dominance and gun jumping (and highlighting an increasing number of merger prenotifications, as article 22 EUMR and “call ins” based on ever more sophisticated market definitions take centre stage EU-wide). Also, a renewed commitment to e-forensic tools (they have been talking about this for a while now), a DMA interest and increased international cooperation. Saving the best for last, the Authority also renews its last year’s resolution to improve its internal checks and balances and decision-making transparency. All good.  However… 2023 saw big challenges to the way the Authority goes about its business: cartel decisions being quashed on merits, almost all cases in the Competition Court being suspended or otherwise while the courts decide what to do with the (il)legality of email searches, resources being stretched at the merger control department (counting 80 mergers filed in ‘23 so far), and an increasing number of referrals to the Court of Justice, all combined took some of the wind out of the Authority’s sails. Even with some impressive victories in verticals and dominance cases, 2023 will probably not go down as one of the most successful in the Authority’s 20-year history.  Here’s hoping 2024 brings renewed clarity and purpose to our competition policy and enforcement. Have a Happy New Year!