Category: Corporate Finance

Lisbon goes back to the market with a €3bn bond issue

Object: €3.0 billion issuance of Obrigações do Tesouro (OT) (fixed rate bonds), interest rate 5.65%, annual coupons On May 6th the Republic of Portugal issued its first new government bonds since requesting an international bailout two years ago, in a heavily-oversubscribed offer of 10-year debt that raised €3bn. The bonds will pay fixed annual coupons […]

Update on Dell’s LBO

Silver Lake Partners IV, Assets Under Management: $7.5bn Dell Inc. Mkt Cap: $23.61bn Blackstone Group L.P., Blackstone Capital Partners VI  Assets under management: $13.5bn Icahn Enterprises L.P. Mkt Cap: $9.18bn   Following our last comment on Dell’s buyout on 16.03.2013, we decided to write a follow-up to elaborate on the recent events concerning the deal. As we have […]

All time record debt offering for Apple – the first since 1996

Apple, Inc. Market Cap (as of 03/05/13): $418.2 bn Transaction Size: $17.0bn   On the 30th of April Apple Inc.  has set a new corporate record. In fact, after having recently regained its position as the world’s most valuable company and having announced the largest share buyback in history, it sold $17bn of bonds, the largest corporate-bond deal […]

SeaWorld Entertainment, Inc. raised $702 million dollars in its Initial Public Offering

SeaWorld Entertainment, Inc. Market Cap (as of May 4th 2013) : $ 3.1bn The Blackstone Group , AUM (as of May 4th 2013) : $ 218.0bn On the 19th of April SeaWorld Entertainment opened for trading on the NYSE under the thicker symbol “SEAS”. The initial public offering of 29.9 million shares had a starting […]

Long term investment: continuation of Netflix uptrend

Vanquishing markets in April 2013, Netflix has been on a stream recently. After releasing their Q1 numbers on March 31st and got higher than expected revenues, investors and markets got suddenly excited about the stock. Moreover, we’ve seen that their new programming is amassing a lot of praise from critics. House of Cards, one of […]

Apple’s historic, mammoth buyback program – The largest in corporate history

Apple, Inc. Market Cap (as of 26/04/13): $391.61bn Transaction Size: $100bn over three years (program to end in late 2015) On the 23rd of April, Apple reported its quarterly earnings, with revenues on the rise YoY albeit paired with a lower net income. The results were largely in line with analysts’ estimates and beat the […]

BB Seguridade pushes Brazilian IPO market for a rebound

Banco Do Brasil Market Cap (as of April 26th 2013) : € 27.94 bn BB Seguridade Market Cap (as of April 26th 2013) : € 10.91 bn Deal size: € 3.27 bn (30% of total shares), € 3.76 bn with Greenshoe option fully exercised On April 26th it was announced that Banco Do Brazil had […]

Dish raises the stakes for Sprint: is a bidding war coming soon?

Dish Network Market Cap (as of 19/04/13): $17.68bn Sprint Nextel Corporation Market Cap (as of 19/04/13): $21.61bn Softbank Market Cap (as of 19/04/13): $52.37bn Deal size: $25.5bn ($17.3bn cash and $8.2bn stock) On Monday the 15th of April the US satellite television operator Dish Network has come forward with an unsolicited $25.5bn cash and stock […]

Thermo Fisher to pay $13.6bn for Life Technologies

Thermo Fisher Scientific Inc. Market Cap(as of 19/04/13) : $28.7 bn Life Technologies Corp. Market Cap(as of 19/04/13): $12.6 bn Deal size: $13.6bn   On April 15th , Thermo Fisher Scientific, the second-biggest maker of life sciences equipment by market value, agreed to buy for $13.6bn  Life Technologies Corporation, a California based manufacturer of  laboratory […]

General Electric to buy Lufkin for $3.3bn

General Electric Market Cap(as of 19/04/13)  : $253.73bn Lufkin Industries Market Cap(as of 19/04/13): $2.97bn Deal size: $3.3bn, all cash General Electric Oil and Gas, a division of General Electric Corp., agreed to acquire Lufkin Industries, a manufacture of specialist pumps based in Texas, taking a further step to grow and consolidate its business through […]

Rosneft-TNK BP: The biggest takeover in the history of the oil industry is finally completed

TNK-BP Energy Group Inc. Enterprise Value: $55.7 bn Rosneft Market Cap (as of 22/03/13) : $81.60bn British Petroleum  Market Cap (as of 22/03/13) : $133.37bn Deal type: Acquisition increase from 50% to 100% all-cash Rosneft, the Russian state oil giant completed on the 21st of March the acquisition of the remaining 50 percent stake in […]

Update on Dell’s proposed LBO

We are writing a short follow up on Dell’s LBO, which we covered on February the 16th. Following his opposition to the offer of Michael Dell and Silver Lake to take Dell private, Carl Icahn, the former corporate raider turned activist investor (who is also involved in the Herbalife situation we analysed last week), started […]

KKR signs agreement to acquire Gardner Denver

Kohlberg, Kravis and Roberts & Co LP market cap (as of 15/03/2013): $13.27 bn Gardner Denver Inc. market cap (as of 15/03/2013): $ 3.69 bn Deal Type: LBO 100% On the 8th of March it has been reported that Gardner Denver and KKR have signed a definitive agreement in which the private equity fund will […]

Herbalife: Hedge Fund Titans fight or does it really matter?

Herbalife LTD. is a small cap company, by every measure. It sells weight management, nutritional supplement, energy, sports & fitness products and personal care products. It was founded in 1980 by Mark Hughes, who is still the president. It has a market capitalization of $4.27bn and some growing net sales. These were $3.5bn at the […]

HSBC continues its refocusing effort

HSBC Holdings, Plc Market Cap (as of 8/03/13):  $203.55bn Newcastle Investment Corporation Market Cap (as of 8/03/13): $2.83bn On March the 5th HSBC Finance Corporation, a wholly owned subsidiary of HSBC Holdings Plc, agreed to sell a portfolio of unsecured and homeowner loans to Newcastle Investment Corporation and SpringLeaf Finance, Inc. in a move to […]

1 21 22 23 24