iDeals™ Solutions News and Events

iDeals™ Virtual Data Room service

Dragonite (HKSE: 00329) seals a US$75 million deal with Imperial Tobacco (LSE: IMT), using iDeals™ VDR

October 01, 2013


Europe’s second-largest tobacco company, and the world’s fifth, Imperial Tobacco has acquired Dragonite International’s e-cigarette unit for US$75 million as it seeks to close the gap with competitors in new products.

According to Bloomberg, Imperial Tobacco, maker of Davidoff, is lagging behind its competitors British American Tobacco and Philip Morris in developing smoke-free alternatives to traditional cigarettes. The acquisition will put Imperial Tobacco into the race with its contenders in the e-cigarette business.

Dragonite chose iDeals™ as their virtual data room provider to provide sell-side information to multiple potential buyers including Imperial Tobacco.


iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

For further information, visit the iDeals™ Solutions website (www.idealscorp.com) or contact the nearest office in your region:

New York

44 Wall Street, 12th Floor, NY 10005, USA

+1 888 822 5141
+1 646 843 6060

London

Albert Buildings, 49 Queen Victoria Street, London EC4N 4SA, United Kingdom

+44 (0) 203 514 2571

+44 (0) 800 048 8172

Hong Kong

51/F Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong

+852 5808 2376

 

Istanbul

Tevfik Fikret Cd., Kucukbakkalkoy Mh., Dumankaya Flex, No:38 K:14 D: 84, Atasehir, Istanbul, 34750, Turkey

+90 212 988 0244

Moscow

3 Glinischevsky Pereulok, Moscow, 125009 Russia

+7 495 660 38 64

+7 800 333 4807

Kiev

21-3, Marshala Timoshenko St., Kyiv, 04212 Ukraine

+38 044 594 6933

Processing...