Download PDF Introduction A leveraged buyout is the acquisition of a company, either privately or publicly held, using borrowed funds to pay for the purchase price of the company. The main actor of a leveraged buyout transaction is a private equity firm or group of private equity firms, which will Read more…
Download PDF Football industry overview During the last couple of decades, football became a huge industry within the overall sports space. Ever-growing revenues of football clubs coming from advertising, broadcasting rights, and merchandising result in stellar salaries and exponentially rising transfer market prices, as such spending is considered as almost Read more…
Download PDF LVMH (MC.PA) Market Cap as of 30th April 2021 – €315.40bn Tod’s (TOD.MI) Market Cap as of 30th April 2021 – €1.30bn Introduction On April 23rd the news broke that the luxury-powerhouse LVMH has acquired a 6.8% stake in Italian shoe and leather goods producer Tod’s. This increases Read more…
Download PDF Coinbase Global Inc (NASDAQ: COIN) – Market Cap as of 24/04/2021: $58.09bn Introduction On April 14th Coinbase, the largest cryptocurrency exchange in the US, went public via a direct listing and reached a valuation of over $80bn. The NASDAQ assigned a pre-emptive reference price of $250 per share, Read more…
Download PDF Microsoft (NASDAQ: MSFT) Market Cap as of 23rd April 2021 $1.96tn Nuance (NASDAQ: NUAN) Market Cap as of 23rd April 2021 $15.16bn Introduction On April 11, 2021, Microsoft Corporation entered into a definitive settlement to acquire Nuance Communications in exchange for all-cash consideration of $19.7bn, representing the second-largest Read more…
Download PDF Introduction Grab Holdings Inc., Southeast Asia’s leading app, announced on April 13th that it intends to go public in the US in partnership with Altimeter Growth Corp. in what is expected to be the largest-ever equity offering by a Southeast Asian company. The combined company expects its securities Read more…
Download PDF Introduction Private credit denotes any debt or extended to privately held companies. It comes in many different forms, but often involves non-bank firms making loans to private companies or purchasing their debt on the secondary market in a variety of ways. To be more specific, Private credit, also Read more…
Download PDF Introduction Covid-19 and the policy measures put in place to contain its spread have not only resulted in significant operational disruption for companies, e.g. reductions in demand from customers and failing supply chain with reduced inventories available for sale, but have also created serious issues for companies across Read more…
Download PDF Prosus NV (AMS:PRX) – Market Cap as of 16th April 2021 €156.3bn Tencent Holdings (0700.HK) – Market Cap as of 16th April 2021 HK$6,063.9bn Introduction Prosus NV, the international asset division of Naspers and one of the largest technology investors in the world, sold a 2% stake in Read more…
Download PDF Introduction The first newspaper – a printed, dated, frequently published sheet containing news – was published in 1605 in Germany. In the following years many European countries started publishing newspapers with the first one written in English published in 1620 in Amsterdam. In the United States the first Read more…
Download PDF GlobalLogic – privately owned Hitachi – market cap as of 11th April: ¥4.97tn Introduction On March 31st 2021, Hitachi announced its agreement to acquire GlobalLogic, a Silicon Valley-based software services company, for $9.4bn. This transaction values GlobalLogic at 37x forecasted 2021 adjusted EBITDA, while giving it an equity Read more…
Download PDF Deliveroo Holdings PLC (LON: ROO) – Market Cap as of 10/04/2021: £4.66bn Introduction On the 31st of March, Deliveroo made its debut on the London Stock Exchange. The deal had been presented as a sound victory for the post-Brexit London stock exchange and a path forward for future Read more…
Download PDF What is a Hostile Takeover and How does it work? A Hostile Takeover is often the result of the rejection made by the Board of Directors (BoD) of Company B of a friendly acquisition bid made by Company A, as Company A might still try to take control Read more…
Download PDF Carrefour S.A. (EPA:CA) – Market Cap as of 31th March 2021 €12.5bn Atacadão (Carrefour Brasil) (BVMF: CRFB3) – Market Cap as of 31th March 2021 R$45.3bn Grupo BIG – Private Company Introduction On March 24th, 2021, Carrefour SA announced that its Brazilian arm has entered into an agreement Read more…
Download PDF Introduction WeWork has agreed to go public through a merger with a blank-cheque company BowX Acquisition Corp in a deal that implies an initial enterprise value of approximately $9bn for the office-sharing provider. Following the high-profile collapse of its IPO attempt in 2019, WeWork is taking advantage of Read more…