Download PDF Company Overview BYD [SHE: 002594], founded by Wang Chuanfu in 1995, is a company focused on technological innovations, namely the manufacture of electric vehicles, renewable energy, rail transit and other electronics. The name stood for “build your dream” and the company initiated as a producer of mobile phone Read more…
Download PDF Introduction Thames Water, the biggest water supplier in England, which was privatised by Margaret Thatcher’s government in 1989, is now facing a messy debt restructuring or even the prospect of a temporary renationalisation under the government’s special administration regime. In the higher interest rate environment, the company has Read more…
Download PDF Introduction The transaction involving the sale of MotoGP to Liberty Media is a significant event in the realm of sports acquisitions, highlighting a meticulous approach to business strategy in the motorsports industry. Our article begins by exploring Bridgepoint’s decision to forego a higher bid in favor of a Read more…
Download PDF Introduction A hostile takeover is defined as the sum of the actions of an entity to take control of a company, by acquiring more than 50% of its voting shares without the knowledge of or against the will of the acquired company’s management. Hostile takeovers are often attempted Read more…
Download PDF Introduction In the rapidly evolving media landscape, the emergence of streaming as the primary battleground for viewer attention has ushered in a new era of competition and consolidation among media giants. As traditional broadcast and cable television give way to on-demand digital content, companies like Netflix[NASDAQ: NFLX], Disney[NYSE: Read more…
Download PDF Current State of the Industry In 2023, the fashion industry faced persistent and deepening challenges. At a regional level, the US and Europe witnessed slow growth, while China’s strong performance at the start of the year faded in the second half. Weaker demand affected both the luxury and Read more…
Download PDF Introduction to Closed-End Funds A closed-end fund (CEF) is a vehicle that collects funds via issuance of shares once and, thereafter, keeps its number of shares fixed. Therefore, after the initial fundraising, no additional capital flows into the fund, unless the CEF’s management specifically decides to raise new Read more…
Download PDF Introduction On March 3rd, Arkhouse management and Brigade Capital management announced a bid for Macy’s Inc. [NYSE: M] in a take-private deal totalling $6.6bn or $24 per share, coming at a 33% premium to the company share close on March 1st, and increasing their December 1st offer of Read more…
Download PDF Introduction The German economy has navigated through a challenging landscape marked by the aftermath of the COVID-19 pandemic, energy crises, and ongoing global economic uncertainties. Germany, historically recognized for its export-led growth, faced a contraction in GDP of 0.3% in 2023, with economic activities dampened by a loss Read more…
Download PDF Introduction to SPAC deals A special purpose acquisition company (SPAC) is a company without any commercial operation that is formed to raise capital through an initial public offering to then merge with or acquire an existing private company. Generally, a SPAC is formed by an experienced management team Read more…
Download PDF Overview Among companies in the credit card industry, three names always stand out – Visa [NYSE: V], Mastercard [NYSE: MA] and American Express [NYSE: AXP]. However, that may soon change if the deal between Capital One and Discover Financial Services goes through. It was announced on 20th February Read more…
Download PDF Introduction Convertible bonds are a unique way of raising capital which allows investors to convert the security into a predefined number of shares of common stock given by the conversion ratio. Convertible bonds have a long history, dating back to the 19th century when American railway firms were Read more…
Download PDF Introduction: The TMT sector focuses on Technology, Media and Telecommunications and is oftentimes the leading fee generating business unit for Investment Banks worldwide. From regional boutiques to large household names like Goldman Sachs, deals are fought over what is seemingly the sector we interface with the most in Read more…
Download PDF Background The launch of OpenAI’s ChatGPT has brought the semiconductor industry under the spotlight, resulting in a year of particularly high hype from investors, with constant stock spikes and new technological standards. With generative AI software gaining popularity over the past year, chipmakers’ performance has begun to catch Read more…
Download PDF Pre-IPO history The legend goes that the idea for what would become a multibillion-dollar disruptive company originated when its co-founders, Garrett Camp and Travis Kalanick, could not manage to find a cab after attending a prestigious tech conference in Paris. Both already successful startup founders, they envisioned a Read more…