Lexmark’s pursuit for “hard” opportunities – A deal with the Chinese

Lexmark International Inc.; market cap as of 23/04/2016:$2.3bn Apex Technology Co., Ltd.; market cap as of 18/02/2016: ¥25.20bn ($3.87bn) Introduction On April 19, US printer maker Lexmark agreed to a $3.6bn takeover by a Chinese investment consortium led by ink cartridges manufacturer Apex Technology Co., Ltd. and Asian private equity Read more…

Sherwin-Williams paints its competitor Valspar and dreams big

Sherwin-Williams, market cap as of 15/04/2016: $27.154bn Valspar, market cap as of 15/04/2016: $8.469bn   Introduction Sherwin-Williams, the largest producer of paints in the United States, agreed to buy rival Valspar Corp., for about $9.3 billion, to become the world’s biggest coatings maker. This compelling combination will lead to a Read more…

Atlantia S.p.A misses £2.0bn ticket for London City Airport. Canadian funds don’t.

Atlantia; Market Cap: €19.57bn (as of 4th March 2016)  The Deal  On February 2, a consortium led by Ontario Teacher’s Pension Plan (OTPP) and formed by OMERS Private Markets, Alberta Investment Management and Wren House (fund of the Kuwait Investment Authority), announced the acquisition of London City Airport (LCY) for Read more…

Private equity firm Apollo braving the merger markets with its hunt on a burglar-alarm vendor ADT

Apollo Global Management; market cap as of 19/02/2016: $2.70bn ADT Corporation; market cap as of 19/02/2016: $6.59bn   Introduction US private equity firm Apollo Global Management has agreed to buy ADT, an American home-security company, paying c.$11bn for a total enterprise value in the so far biggest leverage buyout of Read more…

The Merger King ChemChina is Going West Again – This Time for Syngenta

Syngenta AG; market cap as of 12/02/2016: $37.43bn China National Chemical Corporation; market cap as of 12/02/2016: N.A. Introduction On February 3, 2016, China National Chemical Corporation (ChemChina) and Syngenta AG (NYSE: SYT), a Swiss crop protection and crops producer, reached the acquisition agreement with the Board of Directors of Read more…

Japanese Brewery Thirsty for European Beers: Asahi buying three of Ab InBev’s prominent brands

Anheuser-Busch InBev; market cap as of 13/02/2016: $187.70bn Asahi Group Holdings Ltd; market cap as of 13/02/2016: $20bn Anheuser-Busch InBev NV said it has received a binding offer valued at about $2.9 billion in cash from Japan’s Asahi Group Holdings Ltd. for the Peroni and Grolsch brands. The sale is Read more…

Telecom industry “calls” for consolidation: threats and opportunities in the Italian market

We all know the strong changes that Internet has brought to our everyday lives; the way people are connected and communicate has changed dramatically over the past years. Phone calls and standard text messages are becoming less and less popular, as alternative communication services and apps like WhatsApp or Messenger Read more…