Business Valuation

Disruptive Trends in Tech M&A: The Cases of Microsoft and Snapchat

Introduction Over the past years, the technology industry experienced an overwhelming volume of M&A activity. The following article aims at outlining the motivations behind this phenomenon and at identifying numerous disrupting factors. Microsoft’s acquisition of the professional social network LinkedIn, as well as Snapchat’s rebranding strategy and potential IPO in Read more…

By BSIC, ago

A highly levered money-mover First Data to go public – “Will the offer be sexy enough for investors?”

KKR & Co. LP; Market Cap (as of 03/10/2015): $7.85bn First Data Corporation; Market Cap (as of 03/10/2015): N.A.   Introduction On October 1st, 2015 the KKR-owned payment-processing company, First Data, announced the launch of its initial public offering, aiming to raise about $3.7bn. Apart from being the biggest US Read more…

By BSIC, ago

Is time up for Universal Banks? Deutsche Bank – Postbank case

Introduction As the financial system stabilises after the recent crisis, three distinct business models are emerging. First, focused retail institutions with a specific offering of products and services, such as American regional banks and Europe’s savings banks. Second, investment banks which also operate asset management businesses and private equity investments. Read more…

By BSIC, ago