QIA and Brookfield still not singing Songbird’s tune
Qatar Investment Authority; AUM: $256bn Brookfield Asset Management; AUM: ca. $200bn Introduction After rejecting a preliminary takeover approach of £2.2bn, Songbird Estates, the majority owner of east...
View ArticleA price too high to be refused: CVC Acquires 80% of Sky Bet for £720m
SKY PLC; market cap (as of 5/12/14): £16.3bn Introduction On December 4th, 2014, Sky agreed to sell 80% of its betting business Sky Bet to CVC Capital Partners. The gambling division, valued ca. £800m,...
View ArticleThe rise of nuclear energy in China: CGN Power’s $3.2bn IPO
Introduction On December 3rd, 2014, China’s largest nuclear power enterprise, China General Nuclear Power (CGN) raised US$3.16bn in an initial public offering in Hong Kong, pricing its offering at the...
View ArticleBT is Back with a Bang: $19bn deal with EE form UK’s quad-play biggest operator
BT Group plc.; market cap (as of 20/02/2015): $54.66bn Introduction On February 5th, 2015, BT agreed to acquire the British network operator EE from Deutsche Telekom and Orange in a £12.5bn (US$19bn)...
View ArticleHP looking to patch its holes with Aruba Networks
Hewlett-Packard Company; Market Cap (as of 27/02/2015): US$63.86bn Aruba Networks Inc.; Market Cap (as of 27/02/2015): US$2.72bn Introduction Hewlett-Packard (HP) CEO Meg Whitman has announced on...
View ArticleValeant, the serial pharma dealmaker cuts again
Valeant Pharmaceuticals International, Inc.; market cap (as of 26/02/2015): US$76.68bn Salix Pharmaceuticals, Ltd.; market cap (as of 26/02/2015): US$10.07bn Introduction The pharmaceutical...
View ArticleIberdrola responds to Spanish austerity measures: UIL acquired in a $3bn deal
UIL Holdings Corp.; market cap (as of 27/02/15): US$2.86bn Iberdrola SA; market cap (as of 27/02/15): US$43.5bn Introduction On February 26, Iberdrola SA, Spain’s largest electricity company, agreed...
View ArticleConsolidation tales in the semiconductor industry: NXP buys Freescale
NXP Semiconductor NV; Market Cap (as of 06/03/15): $22.7bn Freescale Semiconductor Ltd; Market Cap (as of 06/03/15): $12.3bn Introduction On March 2, NXP Semi announced it will acquire Freescale Semi...
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Altice: cable-telecom operator with the soul of a buyout fund
Altice SA; Market Cap (as of 06/03/2015): €24bn Altice’s use of high levels of debt to fund its consolidation of the cable and telecoms sector in Europe has raised many eyebrows among investors and...
View ArticleAbbVie’s back on track, but at what price?
AbbVie Inc.; market cap (as of 06/03/2015): $88.7bn Pharmacyclics Inc.; market cap (as of 06/03/2015): $19.3bn Introduction On March 4, the pharmaceutical company AbbVie, outbidding the competitor...
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Virtu Financial IPO: paving the way for high-frequency trading?
Virtu Financial Inc.; market cap (as of 17/04/2015): $3.2bn Introduction On April 16, Virtu Financial, one of the world’s largest high-frequency trading companies, commenced trading on the Nasdaq under...
View ArticleThe Finnish phoenix arises from its ashes: Nokia to merge with Alcatel-Lucent
NOKIA Corporation; Market Cap (as of 17/04/2015): €26.3bn Alcatel-Lucent; Market Cap (as of 17/04/2015): €10.5bn Introduction On April 15, the Finnish multinational company Nokia agreed to buy the...
View ArticleGeneral Electric: Diversity turns into Complexity
General Electric; Market Cap (as of 17/04/2015): €276,45bn Introduction On April 10, General Electric Company made an enormous restructuring announcement to spin out the majority of financial...
View ArticleShell acquires BG in a $70bn deal: is it paying a “Premium Gasoline”?
Royal Dutch Shell plc.; market cap (as of 17/04/15): $200.1bn BG Group plc.; market cap (as of 17/04/15): $61.1bn Introduction On Wednesday 8, Royal Dutch Shell announced the acquisition of BG Group...
View ArticleWhen “The best investment on earth is Earth”: PE and SWF bet on Real Estate
Prologis Inc.; market cap (as of 24/04/2015): $22.18bn Introduction On April 19th Prologis Inc., global leader in industrial real estate, announced its intentions to buy the real estate assets and...
View ArticleTeva and Mylan : The Plot Thickens…
Teva Pharmaceutical Industries ; Market Cap (as of 25/04/2015): $62,67bn Mylan Pharmaceuticals ; Market Cap (as of 25/04/2015): $36,06bn Introduction In the healthcare industry, the saying “eat or be...
View ArticleThe show must go on: Cirque du Soleil parts ways with its founder for $1.5bn
On April 21, 2015 Canadian avant-garde circus operator, Cirque du Soleil, announced an agreement to sell a majority stake of its business to a private equity consortium led by TPG Capital Management,...
View ArticleCapitan Findus docks at an American berth: Nomad Holdings buys Iglo Foods...
Nomad Holdings Ltd.; market cap (as of 01/05/2015): $576.72m Introduction On April 20, 2015 Nomad Holdings Limited (LSE: NHL), a special purpose acquisition vehicle, announced an agreement to acquire...
View ArticleBitcoin or Bust, Goldman Sachs backs payment startup: Circle
Bitcoin Imagine you could send your money from one part of the world to another in a matter of minutes and without paying outrageous fees to the banks. Bitcoin is an innovative way to do this. It was...
View ArticleRegulators put an end to the Comcast – Time Warner Cable $45bn saga
Comcast Corporation, Market Cap (as of 30/04/2015): $145.2bn Time Warner Cable Enterprises, Market Cap (as of 30/04/2015): $43.94bn Introduction The dream of combining the two American giant...
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