Tag: M&A

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 […]

Investing in the Baltic Region: Blackstone to acquire Luminor Bank

The Blackstone Group L.P. (NYSE: BX) – market cap as of 24/09/2018: $47.23bn Introduction On September 13, 2018, Nordea and DNB announced that they had entered into an agreement to sell 60% of the Baltic bank Luminor to the private equity giant Blackstone in a transaction that is valued at approximately $1bn. Furthermore, Nordea decided […]

Renesas-IDT: the revamp of deals in the chipmaking industry

Renesas Electronics Corp. (TYO: 6723) – market cap as of 17/09/2018: ¥1.21tn Integrated Device Technology Inc. (NASDAQ: IDTI) – market cap as of 17/09/2018: $6.05bn Exchange rate: 1 JPY (¥) = 0.0089 USD ($) Introduction On September 11, 2018, Japanese Renesas Electronics Corp. (“Renesas Electronics”), a global player in the field of advanced semiconductor solutions, […]

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 […]

Keeping it in the Family: Natixis to Sell its Retail Banking Activities to BPCE

Natixis S.A. (EPA: KN) – market cap as of 14/09/2018: €18.43bn Introduction On September 12th, 2018 Natixis S.A. announced an agreement for the proposed sale of its retail banking activities to its parent BPCE. The transaction includes the transfer of the firm’s consumer financing, factoring, leasing, sureties and guarantees, and securities services businesses and is […]

A new class representative: Kroton to acquire Somos for $1.8bn

Kroton Educacional SA (BOVESPA: KROT3) – market cap as of 04/05/2018: R$ 21.75bn Somos Educação SA (BOVESPA: SEDU3) – market cap as of 04/05/2018: R$ 5.70bn Exchange rate: 1 BRL (R$) = 0.285 USD ($) Introduction On April 23, 2018, Kroton Educacional, the largest for-profit education company in Brazil, proceeded to acquire Somos Educação, a […]

The Entertainment Earthquake: Evolve or Succumb

Walt Disney Co (NYSE:DIS) – market cap as of 27/04/18: $151.2bn Twenty-First Century Fox Inc (NASDAQ:FOXA) – market cap as of 27/04/18: $67.7bn AT&T Inc (NYSE:T) – market cap as of 27/04/18: $215.8bn Time Warner Inc (NYSE:TWX) – market cap as of 27/04/18: $75.8bn Introduction M&A activity is not a steady phenomenon. Rather, it tends […]

Time to enter the game: UK’s Playtech acquires Italy’s Snaitech

Playtech PLC (LSE:PTEC) – market cap as of 27/04/2018: £2.50bn Snaitech SpA (BIT:SNA) – market cap as of 27/04/2018: €409.8m Introduction On April 12, the world’s largest online gaming software supplier announced it had agreed to acquire a 70.6% stake in Snaitech, the Italian gaming and betting market leader. Subject to completion of this €846m […]

Electrification: Total S.A acquires Direct Energie

Total S.A. (EPA:FP) – market cap as of 27/04/2018: €138.0bn Direct Energie S.A. (EPA:DIREN) – market cap as of 27/04/2018: €1.90bn Introduction On April 18, 2018, French oil major Total S.A. announced the acquisition of 74.33% of Direct Energie’s share capital in a transaction valued at approximately €1.4bn. At a price of €42 per share, […]

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. […]

When “subject to regulatory approval” means troubles: forms of government intervention in M&A transactions

Introduction A persistent financial crisis, the rising of regional tensions, the concerns of a trade war and many other facts have recently been catching up with the M&A-friendly international environment. Protectionism seems now to pervade the new world order. Rising economic nationalism is threatening to impact M&A activity across all over the world, as governments […]

Cigna Corporation and Express Scripts: a $67bn deal for their survival in the US healthcare industry

CIGNA Corporation (NYSE:CI) – market cap as of 09/03/2018: $42.7bn Express Scripts Holding Co (NASDAQ:ESRX) – market cap as of 09/03/2018: $45.7bn Introduction On March 8, 2018, Cigna Corporation announced the acquisition of Express Scripts Holding for a cash and stock consideration of $67bn. The combination of Cigna – a health insurance firm – and […]

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 […]

When a sweet deal doesn’t sound sweet enough: Temenos to acquire Fidessa for £1.4bn in cash

Temenos Group (SWX:TEMN) – market cap as of 23/02/2018: CHF7.60bn Fidessa Group (LON:FDSA) – market cap as of 23/02/2018: GBP1.47bn Introduction On February 21st, 2018, the boards of both Temenos and Fidessa have reached an agreement for the takeover of the former over the latter for £1.4 billion. The two European companies operate in two […]

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