Download PDF Introduction to Commercial Real Estate Before delving into commercial real estate (CRE), which will be the focus of this article, it is useful to provide an overview of the Real Estate Market. The Real Estate sector is expected to reach a size of $613.6tn in 2023, with the Read more…
Download PDF Introduction The potential $23bn hostile takeover of Teck Resources (NYSE: TECK) by the commodities behemoth, Glencore (LON: GLEN), would mark a significant moment in the industry. The Canadian family-controlled company has long been a prized asset eyed by the biggest industry players; however, its organisational structure was thought Read more…
Download PDF Introduction After the great years of 2020 and 2021, the cryptocurrency market has been recently going through what many industry analysts believe to be a “crypto winter”, with Bitcoin prices reaching a low of $15,000 in December 2022, falling from almost $60,000 in November 2021. The fall from Read more…
Download PDF Introduction The healthcare industry saw a surge in M&A activity post-pandemic in 2021 which stretched across geographies and was driven by an incentive to consolidate healthcare systems to exploit economies of scale, fill pipelines, and boost top-line growth. In 2022, macroeconomic conditions, namely uncertainty, inflation, and high labour Read more…
Download PDF Introduction The Issa Borthers, along with their private equity partner TDR, made the headlines in early 2021 when, out of relative obscurity, they acquired the UK supermarket chain ASDA from the US giant Walmart [NYSE: WMT] for an enterprise value of £6.8bn. Despite having acquired susbtancial wealth through Read more…
Download PDF Introduction The photovoltaic (PV) industry experienced remarkable growth in 2022, as evidenced by the record-breaking new solar installations of 268GW worldwide, an 60% increase from 2021. This surge in demand was primarily fueled by the growing awareness of energy safety and supportive government policies. While the environmental benefits Read more…
Download PDF Introduction This week Merck & Co. announced one of the biggest healthcare deals disclosed so far in 2023. The US drug maker reached an agreement with Prometheus Biosciences to acquire the company in an all-cash transaction that values Prometheus at $10.8bn, a 75% premium to its market cap Read more…
Download PDF Introduction On April 13th Lottomatica announced plans to go public via an IPO seeking a valuation of up to €2.67bn. The gambling company, owned by the alternative asset manager Apollo Global Management [NYSE: APO], intends to list its shares on the Borsa Italiana by the end of April Read more…
Download PDF Introduction Endeavour Group, the parent company of the Ultimate Fighting Championship, announced its plans to acquire WWE, the world’s largest professional wrestling organization, on April 3rd, 2023, creating one of the world’s greatest sports entertainment corporations, valued at $18.4bn. WWE has mostly lost its pop culture appeal and youthful following Read more…
Download PDF Introduction Semiconductors have become the backbone of the world’s economy. That is not a ground-breaking, yet the paramount consequences should be appreciated. Semiconductors (or chips) are used in every modern piece of technology, ranging from phones and laptops to cars and military equipment. Control over the supply chain Read more…
Download PDF Introduction On April 3rd, 2023, L’Oréal agreed to buy Australian high-end cosmetics brand Aesop from its Brazilian owner, Natura & Co, for an enterprise value of $2.5bn. The transaction is still subject to regulatory approvals and is expected to close in Q3 2023. This deal is widely considered Read more…
Download PDF Introduction Subscription models are not a novel concept, in fact it can be traced back to its origins in 17th century England. Now, though, subscriptions are everywhere, from paying your phone bill to subscribing to your local gym or even for your monthly coffee delivery. Subscription models have Read more…
Download PDF Introduction After years marked by scandals, accounting malpractices, poor strategic decisions, and an overall faulty corporate governance, Toshiba seems to have found a buyer. On March 23, 2023, the Board of Directors approved a $15bn offer from a consortium of 17 domestic companies and 6 financial institutions, led Read more…
Download PDF Introduction Over the past decade, private equity firms, previously known for their aggressive takeovers of large corporations, entered the relatively somber world of insurance. Apollo Global Management [NYSE: APO], under the initiative of co-founder Marc Rowan, entered the world of insurance through building Athene. The idea was that Read more…
Download PDF Introduction On March 6th Altria [NYSE: MO], one of the largest cigarette companies in the world, announced their agreement to acquire e-cigarette startup NJOY for approximately $2.75 billion, making it the largest transaction up to date in the Consumer segment for 2023. The deal comes a couple of Read more…