Blackstone steps into the luxury world

The Blackstone Group AUM (as of 01/03/14): $66bn (Private Equity only) Versace Market Cap (as of 01/03/14): N/A (€1bn EV) When Gianni Versace was shot and killed in 1997, the homonymous company he founded was left in the hands of his sister and relatives. Donatella, Allegra and Santo split the ownership, respectively receiving 20%, 50% […]

Royal Bank of Scotland posts biggest loss since its bailout in 2008

Royal Bank of Scotland Plc. Market Cap. (as of 28/02/14): £53.79bn For the 2013 fiscal year, Royal Bank of Scotland (NYSE: RBS, LON:RBS) posted a whopping £9 bn loss, the largest since its bailout in 2008. The consensus of the market was a considerably lower £5.28 bn loss, showing that the situation is much direr […]

Imerys unearths growth opportunities with AMCOL acquisition

AMCOL International Corp. Market Cap (as of 28/02/2014): $1.45bn Imerys S.A. Market Cap (as of 28/02/2014): €5.14bn Minerals Technologies Inc. Market Cap (as of 28/02/2014): $1.85bn On February 26th, 2014 AMCOL International Corp., an American minerals and materials group, agreed to a revised tender offer from Imerys SA, the world leader in mineral-based specialty industrial […]

Facebook – WhatsApp: the price is…

Facebook Market Cap (as of 21/02/2014): USD174.89bn Facebook, Inc. the listed US based company headquartered in Menlo Park, California, has signed a definitive agreement on Wednesday, the 19th of February to acquire the venture-backed WhatsApp Inc for USD16bn plus USD3bn in restricted stock units (RSU from now on). The deal is the largest acquisition of […]

UK Pet Care Market on the exchange

Pets at Home Group Plc Market Cap (as of 21/02/2014): N/A KKR & Co. LP Market Cap (as of 21/02/2014): $16.683bn On February 19th Pets at Home Group Plc, the UK’s largest specialist retailer of pet products, announced its intention to float on the main market of the London Stock Exchange with primary shares. In […]

Actavis and Forest Laboratories are going to create a long-term powerful “engine”

Actavis Plc, Market Cap (as of 21/02/14): $38.35bn Forest Laboratories Inc, Market Cap (as of 21/02/14): $26.36bn On February 18th, 2014 the Dublin-based generic drug maker, Actavis PLC, announced an acquisition of the New York-based specialty drug maker, Forest Laboratories Inc, in a $25bn cash-and-equity deal. If successfully completed, the transaction will merge two of […]

L’Oréal’s partnership with Nestlé gets a makeover

Nestlé SA Market Cap (as of 14/02/14): CHF 213.2bn L’Oréal SA Market Cap (as of 14/02/14): € 74.2bn The much-anticipated decoupling of French cosmetics company L’Oréal from Nestlé, the Swiss food giant, captured headlines at the beginning of the week in light of L’Oréal’s announcement that it reached a deal to buy back 8% of […]

Time Warner Cable agrees to merge with Comcast for $45.2bn

The US media and technology conglomerate, Comcast Corporation (NASDAQ: CMCSA) has reached an agreement in merging with competitor Time Warner Cable (NYSE: TWC) on Feb. 13, 2014, for a price of $45.2bn. The deal will be a stock-for-stock transaction with TWC’s investors receiving 2.875 Comcast stock for each of their shares; this means that approximately […]

Merck pursues diversification with AZ

Merck KGaA Market Cap (as of 06/12/13): €27.84bn AZ Electronic Materials SA Market Cap (as of 06/12/13): €1.79bn On December 5, 2013 the Darmstadt-based German drug and chemicals company, Merck KGaA, announced an agreement with the Board of Directors of AZ Electronic Materials SA (AZ) regarding a recommended $2.57bn all-cash offer for the entire share […]

BNP Paribas continues its quest for growth

BNP Paribas Market Cap (as of 07/12/13): €65.77bn Rabobank Market Cap (as of 07/12/13): N/A (not listed) BGZ Market Cap (as of 07/12/13): €927.48mln Back in 2011, the sovereign-debt crisis that hit Europe caused U.S. investors to cut back on lending to European banks. France’s BNP Paribas struggled at first but managed to recover and […]

Hilton: Back to the NYSE at a Stunning Valuation

Hilton Worldwide Holdings Equity Value: $18 – $21bn ($18 – $21 per share, greenshoe not considered in EV) The Blackstone Group, AUM (as of 2012): $210bn Hilton Worldwide Holdings, the world largest hotel operator with presence in 90 countries, 157 directly owned hotels and 4,041 hotels under management, is planning an initial public offering of […]

Foreign investment in Brazil takes off with Rio airport bid

Changi Airport Group Market Cap (as of 06/12/13): N/A Odebrecht Market Cap (as of 06/12/13): N/A On November 22nd Changi of Singapore and Odebrecht of Brazil won a $19bn ($8.3bn) bid to operate Rio de Janeiro’s Carlos Jobim International Airport (Galeão) in a consortium with state-owned operator Infraero. The same day the government awarded a […]

Piazza Affari revival: Moncler IPO

Moncler S.p.A  Market Cap (as of 30/11/13): N/A Moncler, the Italian maker of luxury down jackets, is expected to go public on the Milan Stock exchange by mid-December, after the approval received on Tuesday by Consob, the Italian stock market regulator. It aims to raise about €800mln, with an IPO price ranging from €8.75-€10.2 per […]

MPS approves capital increase to secure bail-out funds

BMPS:IM Market Cap (as of 29/11/13): €2.18bn On November 26, 2013 Banca Monte dei Paschi di Siena (“MPS”), the world’s oldest bank (founded in 1472) and Italy’s third biggest lender, has agreed to submit a proposal to the Extraordinary Shareholders’ Meeting for a capital increase, for up to a maximum amount of €3bn. The proposed […]

Vivendi to split up SFR unit in search for focus

Vivendi Market Cap (as of 29/11/13): €25bn On Tuesday, November 26, French media and telecom conglomerate Vivendi announced that its supervisory board approved a plan to spin off its mobile telephone division SFR as a standalone company to be listed on the French stock exchange. Shares in the new entity will be distributed to existing […]

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