Download PDF Introduction When it comes to pizza restaurant franchises, Domino’s [NYSE: DPZ] is a household name across the world. Trading at a current stock price of $476, it is down 6.5% in the last six months. Despite many sell side analysts revising their target price downwards for Domino’s over Read more…
Download PDF Why is an Airport a Good Investment? The airport industry is far more complex than airplanes arrivals and departures. Initially revenue came from passenger fees, but over time airports have become complex business with multiple revenue streams. On one hand, there are the passenger related fees which are Read more…
Download PDF Japan’s Yen Carry Trade Unravels The dramatic unravelling of Japan’s yen carry trade earlier this summer has continued reverberating through global markets weeks after the initial turmoil. In late July, the Bank of Japan made a pivotal shift in monetary policy, raising the target rate for 10-year government Read more…
Download PDF Introduction Lithium is a chemical element (Li) that in its purest form takes the form of a soft silver metal, the lightest metal on Earth. Lithium is obtained as lithium hydroxide, a white, crystalline substance, or lithium carbonate, a white, powdered substance, through two different methods: extracted from Read more…
Download PDF Introduction In an increasingly interconnected yet fragmented global economy, dual listings have reemerged as a pivotal strategy for companies seeking to navigate complex financial landscapes. With the rumour about Holcim’s possible dual listing, as well as Alibaba’s recent conversion to such, it seems like this complicated deal structure Read more…
Download PDF Introduction Altice, a multinational telecommunications and media conglomerate founded by Patrick Drahi in 2001, has developed into a diverse portfolio of businesses across telecommunications, broadband, media, and IT services. With operations spanning Western Europe, the US, Israel, and the Caribbean, Altice’s growth has been driven by a series Read more…
Download PDF Introduction Undoubtedly private markets are inherently illiquid. When an investor wants to cash out of private funds, they must navigate ambiguous pricing mechanisms, information asymmetries, and reliance on intermediaries. In the usual course of events, liquidity in private market investments is realised through planned exits. However, unforeseen circumstances Read more…
Download PDF Introduction The Consumer Healthcare sector has long been crucial for consumers to find quick solutions without heading to the doctors, covering over the counter (OTC) products such as supplements, medicines (painkillers), skincare, hygiene products, and more. With the rise of digital healthcare tools and prescription management, Consumer Healthcare Read more…
Download PDF Introduction European innovation has finally gotten to American shores. Over recent years, synthetic risk transfers (SRTs) have become an increasingly relevant tool within banking, prompting both industry excitement and regulatory concern. In a nutshell, SRTs are financial transactions that banks use to transfer the credit risk of certain Read more…
Download PDF Introduction It has been long established that the global hub for venture capital (VC) investments is the US, with California, New York and Massachusetts being particularly strong in this type of alternative investment. Europe, on the other hand, is notorious for lagging in the scene, with tight regulations, Read more…
Download PDF Introduction In recent years, major water suppliers in England, privatized by Margaret Thatcher’s government in 1989, have encountered significant financial difficulties due to critical level of leverage in the higher interest rate environment and substantial fines for sewage pollution. As of 2023, 8 companies had debt-to-capital ratios exceeding Read more…
Download PDF Introduction High levels of leverage have been common practice to increase returns since the genesis of the private equity industry, but as the industry evolves financial sponsors have come up with new and innovative ways to lever up not only their portfolio companies, but entire portfolios as well. Read more…
Download PDF What has happened in the last 5 years? Over the past five years, M&A activity has experienced dramatic fluctuations, reaching both record highs and record lows. The onset of the Covid-19 pandemic in 2020 brought deal activity to a near standstill as companies prioritised safeguarding employees’ health and Read more…
Download PDF Introduction: Infrastructure as an Asset Class Infrastructure investing involves allocating capital towards large-scale physical and organisational structures that provide essential services, such as transportation, energy, water, and telecommunications. These assets are critical for the functioning and growth of economies, often offering long-term, stable returns for investors. Infrastructure investments Read more…
Download PDF Introduction The aerospace industry has long been a highly competitive and technologically advanced sector, with the production of commercial aircraft serving as its centrepiece. For decades, this market has been effectively controlled by two major companies: Airbus [EPA: AIR], based in Europe, and Boeing [NYSE: BA], headquartered in Read more…