Corporate Finance – Page 41 – BSIC | Bocconi Students Investment Club

Turkish banking sector is still attractive for European players: BBVA reaches 40% of Garanti Bank

BBVA; market cap (as of 21/11/2014): $60.99bn Garanti Bakasi; market cap (as of 21/11/2014): $16.25bn Introduction On November 19, Banco Bilbao Vizcaya Argentaria (BBVA) announced the acquisition of a 14.89% stake of Turkiye Guaranti Bankasi’s from Dogus Group through a Turkish Lira (TL) 5.6bn (ca. €2bn) stock purchase. This operation Read more…

By BSIC, 11 years22 November 2014 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Oi to consider the sale of Portuguese assets to focus on Brazilian telecoms market consolidation

Oi S.A.; market cap (as of 14/11/2014): $4.16bn PT Portugal SGPS S.A.; market cap (as of 14/11/2014): $1.46bn Bain Capital LLC; AUM: $75bn Apax Partners; AUM: $20bn On November 12, 2014 two major private equity funds, Apax Partners and Bain Capial LLC, have submitted a €7.075bn offer for the Portuguese Read more…

By BSIC, 11 years15 November 2014 ago

Corporate Finance Equity Deals M&A Deals Old Articles

Andrea Bonomi backed by KKR bids higher for Club Med

Club Mediterranee SA; market cap (as of 14/11/2014): €843.79m KKR & Co LP; market cap (as of 14/11/2014): $17.94bn KKR & Co LP; AUM: $102.3bn On November 11, Italian tycoon Andrea Bonomi, made a new bid for a controlling stake in the French tourism operator chain Club Méditerranée (Club Med). Read more…

By BSIC, 11 years15 November 2014 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Tricky spin leaves “The Bunny” in Buffett’s hands

Procter & Gamble Co.; Market Cap (as of 14/11/14): $238.1bn Berkshire Hathaway Inc.; Market Cap (as of 14/11/14): $358.8bn Procter & Gamble Co. (NYSE: PG), the world’s largest beauty and home products maker based in Cincinnati, Ohio, United States, announced last month that it would divest its battery business, Duracell. Read more…

By BSIC, 11 years15 November 2014 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

“In God we trust, all others bring data”: Carlyle to buy Dealogic

The Carlyle Group LP; market cap (as of 7/11/2014): $9.08bn The Carlyle Group LP; AUM (as of 30/09/2014): $203bn On November 5, a consortium led by the global asset manager The Carlyle Group announced the acquisition of Dealogic, a provider of software and data platforms to investment banking industry, from Read more…

By BSIC, 11 years8 November 2014 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Done with Motorola! Did Google sell cheap to Lenovo?

Lenovo Group Ltd; market cap (as of 07/11/2014): HKD106.78bn Google Inc.; market cap (as of 07/11/2014): $365.90bn On October 30, 2014 Lenovo (HKSE: 992) and Google (NASDAQ: GOOG) announced the completion of Lenovo’s acquisition of Motorola Mobility from Google for $2.9bn. The total purchase price includes $660m in cash, $750m Read more…

By BSIC, 11 years8 November 2014 ago

Corporate Finance Equity Deals Old Articles

Monte dei Paschi di Siena: the outcome of ECB comprehensive assessment

Banca Monte dei Paschi di Siena (BMPS) Market cap (as of 31/10/14): €3.11bn Banca Monte dei Paschi di Siena (MPS), Italy’s third largest lender and world’s oldest bank, has again become the center of discussion following the subpar results of European Central Bank’s stress tests released on October 26. MPS Read more…

By BSIC, 11 years2 November 2014 ago

Corporate Finance Old Articles

Fiat Chrysler’s Ferrari spin-off: a trade off between brand image and profit increase

Fiat Chrysler Automobiles NV (FCA), Market Cap (as of 31/10/2014): €10.56bn This week Fiat Chrysler Automobiles announced its plans to spin-off Ferrari S.p.A. – a luxury carmaker owned by Fiat since 1969. The separation will be conducted partially through a public offering in New York, and possibly Europe, worth 10% Read more…

By BSIC, 11 years1 November 2014 ago

Corporate Finance Old Articles

Cutrale-Safra going bananas for Chiquita

Chiquita Brands International; market cap (as of 31/10/2014): $676.30mln On Monday October 27th Chiquita Brands International (CQB.N) finally agreed to be acquired for $682mln by Cutrale Group and Safra Group. Therefore, shareholders will receive $14.50 for each of their shares in cash. The price offered is 44% more than Chiquita’s Read more…

By BSIC, 11 years1 November 2014 ago

Business Valuation Corporate Finance Old Articles

Hedge fund billions: Bill Ackman’s Pershing Square raises $3bn in IPO

Pershing Square Holdings Market Cap (as of 31/10/2014): $6.181bn Pershing Square Holdings, the hedge fund company founded in 2003 by Bill Ackman, the activist investor and Harvard alumnus who boasts a $1.2bn net worth, raised $2.73bn floating for the first time in the Euronext Amsterdam on October 13th. The fund, Read more…

By BSIC, 11 years1 November 2014 ago

Corporate Finance M&A Deals Old Articles

Splitting the behemoth: HP to join the separation trend

HP; market cap (as of 10/10/2014): $62.52bn On October 6, 2014 the Hewlett-Packard Company (HP) released its plans to split by end of October 2015 into two potentially Fortune 50 companies: business-oriented HP Enterprise and personal systems-oriented HP Inc. The split is intended to be tax-free for the current shareholders Read more…

By BSIC, 11 years11 October 2014 ago

Corporate Finance M&A Deals Old Articles

Two is better than one! Or not? Rio Tinto declines a merger offer to create world’s largest mining player

Rio Tinto Plc; market cap (as of 10/10/2014): £55.42bn Glencore Plc; market cap (as of 10/10/2014): £41.52bn Rio Tinto, the England-based second-largest supplier of iron ore worldwide, has rejected a merger proposal from the smaller Switzerland-based rival Glencore, preventing a deal that would have created the largest player in mining Read more…

By BSIC, 11 years11 October 2014 ago

Corporate Finance Equity Deals M&A Deals Old Articles

Citigroup to spin off its historical branch OneMain Financial

Citigroup Inc.; market cap (as of 10/10/2014): $151.92bn On October 8, 2014, Citigroup filed for a $50m initial public offering of its subprime consumer lending business OneMain Financial. The $50m offering is just a placeholder amount, a figure used to calculate registration fees, but if the transaction goes ahead the Read more…

By BSIC, 11 years11 October 2014 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Yahoo!: rising phoenix or chicken to the slaughter?

Yahoo! Inc.; Market Cap (as of 03/10/2014): $40.28bn Yahoo!, the American multinational corporation, is at a turning point of its existence: being the second largest shareholder in the e-commerce company Alibaba, it was to forced to sell 27% of its stake after the Chinese giant went public on September 19 Read more…

By BSIC, 11 years4 October 2014 ago

Corporate Finance Equity Deals M&A Deals Old Articles

UniCredit and Santander to merge their Asset Management Units

UniCredit SpA; Market Cap (as of 03/10/2014): €35.45bn Santander SA; Market Cap (as of 03/10/2014): €87.68bn On September 22, UniCredit, the largest Italian bank by assets, and Santander, the largest bank in the Eurozone by market value, are in talks to merge their asset management units to create a European Read more…

By BSIC, 11 years4 October 2014 ago