Unicorns are out of shape: Peloton Interactive IPO raises some concerns

Peloton Interactive Inc. [NASDAQ: PTON] – Market Cap as of 12/10/2019 $6.26bn   Introduction On September 26th, 2019, Peloton, an American exercise equipment and media company, went public on the Nasdaq raising $1.16bn via its IPO. The company raised this capital through floating 40 million new shares at $29, effectively giving the company a valuation […]

Boston Scientific takes another bite at M&A: the $4.2bn acquisition of BTG

Boston Scientific Corporation (NYSE: BTX) – market cap as of 27/11/2018: USD 48.57bn Introduction On November 20, 2018, Boston Scientific, a company operating as a provider of innovative medical solutions, successfully reached an agreement to acquire BTG plc, the UK developer and distributor of tools employed in the treatment of cancer and other vascular diseases, […]

Big Blue fires back in $34bn deal for Red Hat

IBM – Share price as of 09/11/2018 – $123.54 Red Hat – Share price as of 09/11/2018 – $173,75 Introduction From the 1900’s to the 1970’s, technology companies went from producing bulky recording machines to even bulkier versions of the first computers. Since then, they ditched the design, which resembled a microwave more so than […]

Consolidation in the military industry: Harris-L3 Merge

L3 Technologies Inc (LLL: HRS) – Share price as of 02/11/2018 – $189,25 Harris Corp (NYSE: HRS) – Share price as of 02/11/2018 – $147,7 Introduction On October 14, 2018, military communication providers Harris Corp and L3 Technologies Inc. announced that they had entered into a definitive agreement to complete an all-stock merger, thus creating […]

Pit stop for external growth: KKR owned Calsonic Kansei acquires FCA owned Magneti Marelli

Fiat Chrysler Automobiles NV (NYSE: FCAU) – market cap as of 31/10/2018: USD 23.978bn KKR & Co. Inc. (NYSE: KKR) – market cap as of: 31/10/2018: USD 19.176bn Introduction On October 22, 2018 Fiat Chrysler Automobiles N.V. announced the sale of its automotive components unit Magneti Marelli for a price of €6.2bn to leading Japanese […]

The first British carmaker to ever hit the Market: how much will it take for the new Aston Martin IPO to go from zero to FTSE?

Aston Martin Lagonda Global Holdings Plc (AML: GB) – market cap as of 8/10/2018: €3.6bn Introduction Aston Martin Lagonda Global Holdings Plc, one of the world’s leading manufacturers of luxury sports cars, completed its Initial Public Offering on the London Stock Exchange on October 3rd, 2018. The issue price of £19 a share corresponds to […]

Michael Kors makes high-end fashion statement with €1.83bn acquisition of Italian fashion house Versace

Michael Kors Holdings Limited (NYSE:KORS) – market cap as of 02/10/2018: USD9.954bn Gianni Versace SpA   Introduction On September 25, 2018 the handbag maker Michael Kors Holdings Limited signed an official agreement to purchase all of the outstanding shares of the Italian fashion house Gianni Versace SpA for a total EV of €1.83bn. The deal […]

The age of risk has just begun and Marsh & McLennan quickly cements its position in the market acquiring Jardine Lloyd Thompson for $5.6bn

Marsh & McLennan Companies [MMC:NYSE] – Market Cap 42,252bn Jardine Lloyd Thompson plc [JLT.T:LSE] – Market Cap 4,025bn Introduction  On September 18, 2018, the New-York-based conglomerate Marsh & McLennan Companies Inc. (“MMC”), a global leader in the fields of risk, strategy and people, acquired the lower-scaled UK rival Jardine Lloyd Thompson plc (“JLT”), a specialized […]

Hot enough? Soft drink makers trying to get sexy again and The Coca-Cola Company’s $5.1 bn acquisition of Costa Coffee.

The Coca-Cola Company (NYSE: KO) – market cap as of 18/09/18: 196.23 bn Whitbread Plc (LON: WTB) – market cap as of 18/09/18; £ 8.61 bn   Introduction On the 31st of August 2018, The Coca-Cola Company announced that it had reached a definitive agreement to acquire Costa Limited, one of the major coffee brands […]

Novartis-AveXis: an $8.7bn gene repair

Novartis AG (SIX: NOVN) – market cap as of 20/04/2018: CHF204.12bn AveXis Inc (NASDAQ: AVXS) – market cap as of 20/04/2018: $7.62bn Introduction On April 9, Novartis submitted an offer to acquire all the shares of the American gene therapy group AveXis. The Swiss drugmaker offered an 88% premium adding up to an $8.7bn deal. […]

The tech offering spree goes on: Dropbox goes public with a sensational IPO

Dropbox Inc. (NASDAQ:DBX) – market cap as of 13/04/2018: €11.8bn Introduction Founded in 2007, Dropbox is the leading pure-play cloud storage and collaboration platform. Its mission is to “unleash the world’s creative energy by designing a more enlightened way of working”. Dropbox is focused on reducing the amount of time people spend on tedious tasks […]

Germany IPO Market skyrockets as Siemens spins off its medtech division

Siemens AG (ETR: SIE) – market cap as of 06/04/2018: €88.8bn Siemens Healthineers AG (ETR: SHL) – market cap as of 06/04/2018: €33.9bn Introduction On March 16, 2018, the German conglomerate Siemens performed an initial public offering of its principal and second most profitable division, Healthineers, on the Frankfurt Stock Exchange. The floatation was one […]

How Fast is Fast Enough? Advent International to acquire tech components manufacturer Laird for £1.2bn.

Laird plc (LON: LRD) – market cap as of 09/03/18: £979.8 m Introduction On March 1, 2018, Advent International announced it will acquire the UK electronic components producer Laird plc for £1.2bn, or £2/share. The deal marks yet another conquest for private equity firms in search for viable targets to employ their record amounts of […]

Albertsons and Rite Aid to merge in the latest move to contrast the growing threat posed by online e-commerce

Rite Aid (NYSE:RAD) – market cap as of 23/02/2018: $2.22bn Introduction  On the 20th February, Rite Aid Corporation, one of the leading US drugstore chains, entered into a definitive merger agreement with Albertsons Companies, one of the largest American private equity-backed grocery retailers. The deal will result in the creation of a company with a combined enterprise […]

Coffee and Soda: Keurig to acquire Dr Pepper Snapple for $18.7bn in cash

Dr Pepper Snapple Group (NYSE:DPS) – market cap as of 17/02/2018: $28.78bn Introduction On January 29, 2018, Keurig Green Mountain, the coffee group owned by JAB Holding, announced the acquisition of soda maker Dr Pepper Snapple Group. Under the terms of the reverse takeover, Keurig will pay $103.75 per share in a special cash dividend […]

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