Yahoo! Acquires Tumblr for $1.1 Billion

Yahoo! (Market Capitalization as of 25/05/13: $28.5bn) Tumblr (Market Capitalization: N/A)   On May 20th, Yahoo! continued its aggressive strategy since Marissa Mayer took over as CEO by announcing the takeover of New York-based blogging platform Tumblr for $1.1bn, all in cash. Tumblr was founded in 2007 and has more than 108mln blogs and nearly […]

Commerzbank joins the European recapitalization effort

Commerzbank Market Cap (as of 17/05/13): €4.42bn Deal Type: €2.5bn Rights Issue On Tuesday Commerzbank announced the details of the rights issue it previously declared in March. This rights issue will aim to raise €2.5bn in line with Basel III capital requirements. An earlier vote of the Board of Directors on April the 19th approved to […]

Shopping in UK for JC Flowers

JC Flowers & Company LLC: $2.3bn under management Cabot Credit Management Group Ltd Market Cap: N/A Deal size: £800mln   On 15th of May it was announced that funds managed and advised by JC Flowers & Company LLC have acquired Cabot Credit Management Group Ltd. in a secondary buyout from AnaCap Financial Partners LLP and its co-investors, Morgan […]

Activism and value creation in Japan

Third Point LLC, Asset Under Management (as of 17/05/13): $12.9bn Sony Corporation (SNE), Market Capitalization (as of 17/05/13): $20.37bn Deal type: Spin-off Proposal via IPO Mr. Daniel Seth Loeb, manager and founder of the NY based hedge fund Third Point LLC, has recently turned his attention toward Japan and Sony in particular. Mr. Loeb’s view […]

TowerBrook to Acquire True Religion Apparel for $835 Millions

TowerBrook Capital Partners L.P ,Market Cap(as of 16/5/2013): N/A True Religion Apparel, Inc, Market Cap(as of 16/5/2013): $814mln Deal size: $835 mln, all cash The private equity firm TowerBrook Capital Partners agreed on Friday 10th of May to acquire True Religion Apparel, the designer jeans company based in Southern California. Under the terms of the […]

The decline of Japan’s Toshiba

Japan’s Toshiba said Wednesday that its quarterly net earnings fell 62 percent from the previous year as demand for its televisions, computers and other digital products stumbled. The technology and engineering corporation said it earned 23.01 billion yen ($233 million) between January and March 2013, the last quarter of its fiscal year, down from 61.22 […]

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 […]

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