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 Grindr [GRND:NYSE], an online dating app targeted towards the LGBTQ+ community, went public on November 18, 2022 after completing a merger with Tiga Acquisition Corp., a Special Purpose Acquisition Company (SPAC), at an initial post-transaction enterprise value of $2.1bn. The leading social network for the LGBTQ+ community Read more…
Download PDF Introduction Adobe Inc, one of the largest software companies worldwide, has announced the acquisition of software design start-up Figma Inc in an attempt to expand its online collaboration tools and reach new customers. The deal, which is valued at around $20bn, is a mix of half cash and Read more…
Download PDF Healthcare. The healthcare sector has gained increasing importance over the last few years, because of the impact that the covid outbreak had on everyone’s life. The healthcare industry is one of the world’s largest and fastest-growing industries, ranking as the fifth-largest sector in the world economy, accounting for Read more…
Download PDF Part 1 – A booming equity market The successful IPOs of Airbnb and DoorDash at the end of 2020 were in stark contrast with the high-profile debuts of big privately held companies, such as Uber and Lyft, which were not met with investor excitement in 2019. Not to Read more…
Download PDF Welcome back from the winter break and happy 2021! According to JPMorgan, the outlook of M&A in 2021 is very positive. Indeed, mainly due to a reduction in political uncertainty, the development of vaccines and strong capital markets, there is increased confidence in management and board of directors, Read more…
Download PDF Introduction In this article we are going to provide an overview of the gaming industry and its trends starting from the more traditional console and pc which are moving toward the cloud, to the newest trends in the mobile gaming, such as hyper-casual games, to then finish with Read more…
Download PDF NVIDIA Corporation (NVDA : NASDAQ) – market cap 24/9/2020: $305.1bn ARM Holdings – privately held by Softbank Introduction On the 13th of September, Softbank agreed to sell its UK subsidiary Arm Holdings to Nvidia in a $40bn deal. The cash-and-stock transaction will be the largest in the Read more…
Download as PDF Introduction Relative valuation is a widely spread approach among practitioners and is, broadly speaking, a double-check methodology, to back-test more sophisticated valuation techniques. Relative valuation relies on the main assumption that stock markets are on average efficient and fundamentals are correctly priced in. The aim of this Read more…
Download as PDF The spiking diffusion of COVID-19 outside of China, particularly in South Korea, Italy and Iran, has negatively affected financial markets, among concerns about its impact on business activity: in the US, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all in correction territory this Read more…
Download as PDF BSIC has brought you some of the most interesting deals over the last week, we hope you’ll enjoy! Franklin Templeton acquires Legg Mason for 4.5bn Deal Value: $4.5bn |Deal Type: Acquisition | Date: 18-Feb-2020 | Nationality: US | Subsector: Finance Franklin Templeton, the US global investment firm Read more…
Download as PDF Introduction Real interest rates have been fluctuating around 2% for safe and liquid asset for nearly a century before they entered a downwards trend in the last thirty years. This trend is most prevalent in advanced economies where the rate on 10-year government securities has been around Read more…
Welcome back from the winter break and happy 2020! Recent dominating headlines, such as the Australia bushfires and the Novel Coronavirus, have made many think the new year is off to a bad start. Has this negative sentiment also spread to the financial market? Despite the signs of the Read more…
In this article, we introduce distressed debt securities. Then, we investigate what are the problems of valuing a company in financial distress and how we can address those problems. Finally, we present some investment strategies that can be applied when a company is financially distressed. Overview Distressed companies are companies Read more…
As summer comes to an end, BSIC presents its top picks of the season’s most interesting deals. We saw several key themes throughout the summer, notably, a wave of megadeals, with 13 deals over €5bn announced this summer compared with only 2 in the same season last year. Worldwide deal Read more…