BNP Paribas Market Cap (as of 07/12/13): €65.77bn Rabobank Market Cap (as of 07/12/13): N/A (not listed) BGZ Market Cap (as of 07/12/13): €927.48mln Back in 2011, the sovereign-debt crisis that hit Europe caused U.S. investors to cut back on lending to European banks. France’s BNP Paribas struggled at first Read more…
Hilton Worldwide Holdings Equity Value: $18 – $21bn ($18 – $21 per share, greenshoe not considered in EV) The Blackstone Group, AUM (as of 2012): $210bn Hilton Worldwide Holdings, the world largest hotel operator with presence in 90 countries, 157 directly owned hotels and 4,041 hotels under management, is planning Read more…
Changi Airport Group Market Cap (as of 06/12/13): N/A Odebrecht Market Cap (as of 06/12/13): N/A On November 22nd Changi of Singapore and Odebrecht of Brazil won a $19bn ($8.3bn) bid to operate Rio de Janeiro’s Carlos Jobim International Airport (Galeão) in a consortium with state-owned operator Infraero. The same Read more…
Moncler S.p.A Market Cap (as of 30/11/13): N/A Moncler, the Italian maker of luxury down jackets, is expected to go public on the Milan Stock exchange by mid-December, after the approval received on Tuesday by Consob, the Italian stock market regulator. It aims to raise about €800mln, with an IPO Read more…
BMPS:IM Market Cap (as of 29/11/13): €2.18bn On November 26, 2013 Banca Monte dei Paschi di Siena (“MPS”), the world’s oldest bank (founded in 1472) and Italy’s third biggest lender, has agreed to submit a proposal to the Extraordinary Shareholders’ Meeting for a capital increase, for up to a maximum Read more…
Vivendi Market Cap (as of 29/11/13): €25bn On Tuesday, November 26, French media and telecom conglomerate Vivendi announced that its supervisory board approved a plan to spin off its mobile telephone division SFR as a standalone company to be listed on the French stock exchange. Shares in the new entity Read more…
Cinda Market Cap (as of 22/11/13): N/A News surfaced on Thursday, November 21st that Chinese bad bank Cinda is finalizing the details of its long awaited Hong Kong IPO, which is expected to bring in up to HK$19bn (US$2.45bn) in fresh equity financing. The company will offer around 5bn shares Read more…
T-Mobile US, Inc. Market Cap (as of 23/11/13): $19.2bn T-Mobile US, Deutsche Telecom majority-owned mobile operator is raising $2bn in an effort to increase its footprint in the 4G LTE market. T-Mobile is the fourth mobile operator in the US with 45M customers ranking after Verizon Wireless, AT&T Mobility and Read more…
Shire PLC Market Cap (as of 15/11/13): £15.7bn ViroPharma Inc. Market Cap (as of 15/11/13): $3.3bn Monday, November 11th brought about the much rumored king-size deal of the year in the pharmaceutical sector: Shire PLC of Ireland acquired ViroPharma Inc., a US-based niche company focused on rare diseases, for a Read more…
Petroleo Brasileiro Petrobras SA, Market Cap (as of 15/11/13): US$112.19bn PetroChina Co Ltd, Market Cap (as of 15/11/13): US$226.3bn Brazil’s state-run oil company Petrobras announced on Wednesday 13th November that it was selling its Peruvian oil and gas assets to PetroChina for US$2.6 billion. The ownership structure underlying the deal Read more…
Months of rumours have finally come to an end: Twitter is joining the ranks of listed internet companies with an IPO in Q4 2013. The market is hyped up and ready to go, but is this offering destined for ridicule as Facebook’s was? Correctly valuing Twitter is of paramount importance Read more…
Finmeccanica Market Cap (as of 11/10/13): €3.23bn Fondo Strategico Italiano (FSI) Market Cap: N/A Italian defence and industrial conglomerate Finmeccanica has agreed to sell its 55% stake in Ansaldo Energia, a maker of thermoelectric turbines, to Fondo Strategico Italiano (FSI), an arm of state-owned lender Cassa Depositi e Prestiti Read more…
AGL Market Cap: 1.6 bn WDF Market Cap: 2.0 bn On the 1st of October 2013, Autogrill S.p.A. completed the spin-off of Travel Retail & Duty Free (TR&DF) that is now controlled by World Duty Free S.p.A. WDF started to trade at a price of €7.13 with AGL trading at Read more…
KKR & Co. LP (Assets Under Management: US$83.5bn as of June 30th 2013) Melrose PLC (Market Cap: US$5.95bn as of October 10th 2013) On October 10th KKR & Co. L.P. announced the acquisition of The Crosby Group and Acco Material Handling Solutions from Melrose Industries PLC in a deal valued Read more…
Oi Market Cap (as of 04/10/13): $2.78bn Portugal Telecom Market Cap (as of 04/10/13): $4.02bn On Wednesday, October 2nd, Oi of Brazil and Portugal Telecom (PT henceforth) agreed to merge after three years of alliance, forming a telecommunication heavyweight which will bring together 100mln customers across the Portuguese-speaking world. The Read more…