Download PDF Introduction Followed by decades of history Disney [DIS: NYSE] has been a company in the hearts of generations, therefore, we thought it deserved to be analysed further. In this first edition of our BSIC Equity Research reports we bring to you a detailed valuation highlighting key market events Read more…
Download PDF Introduction In the ever-evolving world of finance, the wealth management and private banking industries have been subject of change in the past decade, propelling such business units at the forefront of various institutions. In the aftermath of the great financial crisis these divisions played a pivotal role in Read more…
Download PDF Introduction Shareholders have traditionally focused on aligning top managers’ interests, neglecting the broader employee base. But things are changing, as we witness more and more private equity firms offer less skilled employees stock options plans (ESOPs) – a chance for them to own part of their company. Leading Read more…
Download PDF Introduction What was once the U.S.’ most valuable start-up just declared bankruptcy. Founded in 2010 by the charismatic entrepreneur Adam Neumann, WeWork aimed to revolutionize the traditional concept of office spaces. However, its meteoric rise was followed by a precipitous fall, marked by a harsh operating environment and Read more…
Download PDF Introduction Len Blavatnik, a Russian-born American billionaire who made his first fortune in post-Soviet Russia, is well known to many readers of financial news for his hugely profitable ownership of Warner Music [NASDAQ: WMG], which he took public in 2020, making a paper profit of as much as Read more…
Download PDF Introduction Telecom Italia (TIM) [BIT: TIT], known for its excellence in telecommunications, is currently facing a challenging financial situation. With a staggering €27.5bn in net debt and a net debt ratio of 4.4x, TIM’s financial difficulties are substantial. Starting from October 2022, S&P downgraded TIM’s debt rating, a Read more…
Download PDF Introduction In the last two decades, the American skies underwent a radical transformation shaped by significant mergers. Southwest [LUV: NYSE], Delta [DAL: NYSE], United [UAL: NASDAQ] and American Airlines [AAL: NASDAQ] emerged as dominant players, holding 71.5% of the U.S. market. Contrastingly, Europe has faced a more fragmented Read more…
Download PDF Introduction Since Joe Biden was elected President of the United States in late 2020, antitrust enforcement action has, in the general population’s mind, moved from something we read about in history textbooks to something dominating the headlines. Whether it is through challenging the latest multi-billion dollar merger or Read more…
Download PDF Introduction Liquified Natural Gas (LNG) is natural gas that has been cooled to at least -162°C to transform the gas into a liquid for ease and safety of non-pressurized storage or transportation. This innovation has revolutionized the utilization of natural gas, addressing the historical challenges associated with the Read more…
Download PDF Introduction On October 11th, Exxon Mobil Corp [XOM:NYSE] announced its plans to acquire Pioneer Natural Resources [PXD:NYSE] in an all-stock deal for $59.5bn, or $253 per share, representing a premium of 16% to Pioneer’s closing price on October 5th. The implied enterprise value of the transaction, including debt, Read more…
Download PDF Introduction On September 25, 2023, Amazon [NASDAQ: AMZN] announced its investment of up to $4bn in Anthropic, a rival to the likes of OpenAI’s ChatGPT and Google’s Bard. The news follows a series of large investments by Microsoft [NASDAQ: MSFT], Google [NASDAQ: GOOGL], and Nvidia [NASDAQ: NVDA] into Read more…
Download PDF Introduction The landscape of weight loss medication is currently undergoing a significant transformation with the emergence of highly effective new drugs. These innovative pharmaceuticals are designed to aid individuals dealing with obesity in shedding substantial body weight, and their performance in clinical trials is exceptionally promising. A notable Read more…
Download PDF Introduction At its core, the private credit industry refers to direct loans not negotiated in the traditional public environment and brings unique characteristics that improve this asset class’s resilience. In times of elevated interest rates, traditional banks have become increasingly conservative in lending policies due to concerns about Read more…
Download PDF Introduction Following the recent re-opening of the IPO market, CVC Capital Partners, the venerable European private equity firm, is said to be preparing to go public. This raises the question of whether doing so is a good idea. It is easy to say that going public is just Read more…
Download PDF Introduction On October 3rd, pharmaceutical giant Eli Lilly and Company [LLY:NYSE] announced its plans to strengthen its collection of cancer drugs through the acquisition of POINT Biopharma [PNT:NASDAQ] for $1.4bn, representing a premium of almost 90%. The firm’s purchase of POINT, a clinical-stage radiopharmaceutical company with a focus Read more…