An Expensive Meal: JAB Holding to Acquire Panera Bread for $7.5bn

JAB Holding Company – privately held business group Panera Bread (NASDAQ: PNRA) – market cap as of 07/04/2017: $7.08bn Introduction On April 5, 2017, Panera Bread agreed to be bought and taken private by the European holding JAB. This is the latest in a series of acquisitions executed by the firm and comes with a […]

The 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 French company Alcatel-Lucent in an all-shares transaction valued at €15.6bn. The deal aims at creating a future innovation leader in the technology and services industry, merging together […]

T-Mobile raises $2bn to increase its footprint in the 4G market

T-Mobile US, Inc. Market Cap (as of 23/11/13): $19.2bn T-Mobile US, Deutsche Telecom majority-owned mobile operator is raising $2bn in an effort to increase its footprint in the 4G LTE market. T-Mobile is the fourth mobile operator in the US with 45M customers ranking after Verizon Wireless, AT&T Mobility and Sprint Nextel. On November 14, […]

KKR to acquire Acco and Crosby for US$1bn

KKR & Co. LP (Assets Under Management: US$83.5bn as of June 30th 2013) Melrose PLC (Market Cap: US$5.95bn as of October 10th 2013) On October 10th KKR & Co. L.P. announced the acquisition of The Crosby Group and Acco Material Handling Solutions from Melrose Industries PLC in a deal valued at US$1.01bn. Melrose, a London-based […]

Follow up: Vodafone pockets $130bn from sale of Verizon Wireless Stake

  Verizon Communications (Market Capitalization as of 27/05/13: $134.5bn) Vodafone (Market Capitalization as of 27/05/13: $169.2bn)   In this follow up on our May 25th article( we analyze this year’s biggest M&A deal yet, the sale of Vodafone of its 45% stake in Verizon Wireless (henceforth VW) to Verizon Communications for $130bn. The blockbuster deal […]

$4.7bn bid for the fading mobile giant Blackberry

BlackBerry Limited (Market capitalization as of 27/09/2013: $4.20bn) Fairfax Financial Holding Limited (Assets under Management as of 30/06: $2.5bn)   On September 23rd, Fairfax Financial Holding Limited, a Canadian insurance and investment company, announced it was leading a group of investors to take over BlackBerry Limited, the Canadian smartphone company formerly known as Research In […]

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 […]

BSIC EVENT: How to turn your internship into a full-time job offer

Next Wednesday don’t miss a special presentation prepared by our senior members on “How to turn your internship into a full-time job offer”! Venue details below and in the attached: Date: Wednesday 8 May Time: 4:15pm Venue: Aula 4, Sarfatti […]

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 […]

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 […]

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 […]

London Stansted purchased by Manchester Airports Group

Manchester Airport Group PLC – Market Cap: N/A (private company) Heathrow Airport Holdings LTD – Market Cap: N/A (private company) Deal type: 100% Acquisition Size: £1.5 bn Heathrow Airport Holdings LTD announced on 28th February that it has completed the sale of its 100% interest in Stansted Airport LTD to Manchester Airports Group (MAG) for […]

Elan – from buyer to target?

Elan Corporation PLC – Market Cap (as of 01/03/13) : $6.7bn Royalty Management, LLC On Monday, 25 February 2013, Royalty Pharma, the American private equity firm investing in acquiring drug royalties, made an indicative offer to acquire all the outstanding shares of Elan Corporation, the Irish biotech company listed in New York. Some of you […]

A quite expensive ketchup

Berkshire Hathaway Inc. Market Cap (as of 21/02/2013): $249.04bn 3G Capital Market Cap: N/A, participation of $4bn equity H. J. Heinz Company Market Cap (as of 21/02/2013): $23.15bn The Oracle of Omaha has finally decided to put to use some its spare cash and joined forces with 3G Capital in the biggest buyout ever in […]

Dell’s mammoth $24bn LBO – In depth

Silverlake Partners IV – Committed Capital: $7.5 bn Dell Inc. Mkt Cap: $23.8bn Microsoft Inc. Mkt Cap: $234.9 bn On February 5, 2013 Silver Lake Management LLC announced the completion of the largest LBO since the heyday of Blackstone’s acquisition of Hilton hotels back in 2007 and the largest buyout of a technology company ever, surpassing […]

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