Photo: The Acciaierie d’Italia site in Taranto, Italy. Photographer: Donato Fasano/Getty Images By Donato Paolo Mancini The committee overseeing takeover talks for the former Ilva steelworks in Italy has recommended entering into exclusive negotiations with turnaround specialist Flacks Group, according to a person familiar with the matter. The US-based private-equity firm’s promise
Flacks Group has acquired the DoubleTree by Hilton hotel in Augusta, Georgia. The 182-room full-service property is located on Perimeter Parkway, just off Interstate 20, near the entrance to Augusta National Golf Club. The hotel features meeting and event space, a restaurant and bar, a fitness center, an outdoor pool,
Productive visit to Uzbekistan this week, where Michael Flacks met with senior representatives from the Ministry of Economy & Finance to discuss Flacks Group’s ongoing and future investment initiatives in the country. Michael Flacks also had the pleasure of meeting with the Deputy Chairman of Agrobank, Farkhod Nasriyev, one of
Original title: Ex Ilva, le dieci offerte, due sono per tutti gli impianti. Americani favoritiAuthor: Raffaele LorussoSource: La Repubblica Rome — On the former Ilva, the steel complex in Taranto, an American flag could soon be flying. Two U.S. funds, Bedrock Industries and Flacks Group, the latter in partnership with
by Raffaele Lorusso, La Tribune In a recent report by the National Assembly on corporate failures, the Interministerial Committee for Corporate Restructuring (Ciri) defines these particular players as follows:“They play a key role in so-called ‘distressed M&A’ cases due to their expertise in emergency situations and operational restructuring,” said Guillaume
Joins Aurelius, Aequita and Klesch in late stages of process Special situations investor Flacks Group is among the bidders in the advanced stages of vying for Saudi Basic Industries Corporation’s (SABIC) European petrochemical assets, the sponsor confirmed to Mergermarket. Michael Flacks, CEO of the US-based investment house, declined to comment
Groupe Rocher, a France-based privately-owned cosmetics specialist, has received several offers for Petit Bateau, its fashion subsidiary specialised in children’s clothing, news portal Mergermarket reported, without citing its source. Bidders include PE firm Verdoso, a specialist in restructuring, Michael Flacks’ investment company Flacks Group, as well as businessman Salih Halassi
Beauty titans Sephora and Ulta Beauty (NASDAQ: ULTA) have increased their licensing focus on personalization, which could lead to more growth and deal activity for startup and sponsor-owned brands. Personalization is a must-have component of success in the beauty space, whether that’s provided internally or through a brand partnership. That’s
