Tag: jpmorgan

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, […]

Canada grows its shale’s footprint: Encana to acquire the North American Newfield in a strategic $5.5bn deal

Encana Corporation [ECA: NYSE] – Market Cap as of 13/11/2018 $7.74bn Newfield Exploration Company [NFX: NYSE] – Market Cap as of 13/11/2018 $4.04bn Introduction On the first of November, 2018, Encana Corporation announced a definitive agreement to purchase all outstanding shares of common stock of Newfield Exploration Company, an all-stock transaction valued at $5.5bn. Following […]

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 […]

Throwback to the 80s: the Melrose £8.1bn hostile takeover of GKN

Melrose Industries plc [LON:MRO] – market cap as of 13/04/2018: £4.36bn GKN plc [LON:GKN] – market cap as of 13/04/2018 £7.76bn Introduction  On March 29, 2018, “Project Golf” (as the bid was called internally) got pushed to the last hole, when the turnaround specialist Melrose received acceptance from the British engineering company GKN’s shareholders regarding […]

The end of offshore insurers’ loopholes: Axa to acquire XL Group for $15bn in cash

XL Group Ltd (NYSE:XL) – market cap as of 09/03/2018: $14.4bn Axa SA (EPA:CS) – market cap as of 09/03/2018: €54.5bn Introduction On the March 5, 2018, the French insurer Axa announced its intention to buy 100% of Bermuda-based XL Group, which also operates in the insurance industry, for $57.6/share. The implied valuation of Bermuda’s […]

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 […]

Thomson Reuters making the headlines as Blackstone acquires its Financial and Risk unit

The Blackstone Group L.P. (NYSE:BX) – market cap as of 23/02/2018: USD41.1bn Thomson Reuters Corporation (TSX:TRI) – market cap as of 23/02/2018: CAD35.8bn Introduction On January 30, 2018, Thomson Reuters announced the agreement to sell a 55% stake in its Financial and Risk unit to the US private equity firm Blackstone for more than $17bn. […]

Consolidation under the shadow of giants: Marvell and Cavium join forces in $6bn deal

  Marvell Technology Group Ltd. (NASDAQ:MRVL) – market cap as of 24/11/2017: $11.80bn Cavium Inc. (NASDAQ:CAVM) – market cap as of 24/11/2017: $6.14bn Introduction On November 20, 2017, Marvell Technology Group has agreed to buy rival chipmaker Cavium in a cash and stock deal which values the target company at around $6bn. The deal marks […]

Still a long way to go: Hochtief’s bid opens takeover battle with Atlantia for Abertis Infraestructuras

Hochtief AG (ETR: HOT) – market cap as of 03/11/17: €9.87bn Atlantia SpA (BIT: ATL) – market cap as of 03/11/17: €22.68bn Abertis Infraestructuras S.A. (BME: ABE) – market cap as of 03/11/17: €18.34bn Introduction On October 19, the German construction company Hochtief announced a counterbid of c. €19bn for the Spanish infrastructure company Abertis, […]

A Generic Merger: Amneal and Impax Combine To Fight For Survival In The Pharma Industry

Impax Laboratories, Inc. (IPXL:NASDAQ) – market cap as of 27/10/2017: $1.40bn Introduction On October 17, 2017, Amneal Pharmaceuticals and Impax Laboratories announced that they will merge in an all-stock transaction. Amneal will hold c. 75% of the combined entity, whereas Impax shareholders will own the remaining stake (c. 25%). These companies have been successful players […]

The Best Defense is Good Offense: Siemens and Alstom Merge Rail Operations to Prepare for Chinese Competition

Siemens AG (SIE:ETR) – market cap as of 29/09/2017: €101.32bn Alstom SA (ALO:EPA) – market cap as of 29/09/2017: €7.92bn Introduction The French rail transport company Alstom SA and the German industrial conglomerate Siemens AG announced on Tuesday 24 September 2017 that they agreed to merge their rail operations. The deal will create a European […]

Aerospace is Flying High: US United Technology and Rockwell Collins to Merge in a New Giant

United Technology Corp. (UTX:NYSE) – market cap as of 16/09/2017: $90.33bn Rockwell Collins Inc. (COL:NYSE) – market cap as of 16/09/2017: $21.30bn Introduction On September 4, 2017, United Technology Corp. announced the definitive agreement to acquire the aviation system and cabin equipment maker Rockwell Collins Inc. for a total transaction value of $30bn ($140 per […]

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 […]

Piazza Affari gets fit! The Technogym IPO

Technogym S.p.A.; market cap as of 07/05/2016: €759.600m   About Technogym Technogym is a manufacturer of equipment for sports and training based in Cesena. In 1983, the Italian entrepreneur Nerio Alessandri, founded Technogym at age of 22. Mr. Alessandri began building exercise equipment in the garage of his home. Today, Technogym is the leader in […]

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