Starwood Hotels & Resorts Worldwide Inc.; Market Cap: $12.18bn (as of 19/11/2015) Marriott International Inc.; Market Cap: $ 18.64bn (as of 19/11/2015) Introduction On November 16, Marriott International, Inc. (NASDAQ:MAR) and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that the boards of directors of both companies unanimously Read more…
Liberty Global plc; Market Cap: $35.46bn (as of 20/11/2015) Cable Wireless Communications; Market Cap: £3.3bn ($5.5bn) (as of 20/11/2015) Introduction On November 16, Liberty Global plc agreed to buy Cable & Wireless Communications plc in a transaction worth $5.3bn, thus strengthening its strategic footholds in the emerging markets. The Read more…
Shire PLC; market cap: $28.38bn (as of 06/11/2015) Dyax Corporation; market cap: $5.1bn (as of 06/11/2015) Introduction On November 2, Dublin-headquartered pharmaceutical company Shire Plc agreed to acquire the Massachusetts-based biopharma company Dyax Corporation for an upfront cash consideration of $5.9bn and an additional $646m payment contingent on the Read more…
DELL; Market Cap: N.A. EMC; Market Cap: $53.49bn (as of 16/10/2015) VMware; Market Cap: $28.76bn (as of 16/10/2015) Introduction On October 12, Dell, one of the largest technological corporations in the world, agreed to acquire EMC Corporation, the world’s largest provider of data storage systems by market share. This Read more…
Avago Technologies Limited (AVGO): market cap (as of 25/09/2015): $34.2bn. Broadcom Corp. (BRCM): market cap (as of 25/09/2015): $31.4bn. Introduction Following a wave of consolidation in the semiconductor industry, which culminated last March with the NPX/Freescale $11.8bn deal, on May 27, Avago Technologies Limited and Broadcom Corporation announced that they have entered Read more…
Together with flowers and good weather, spring brings about also first quarter results of a year where European QE plays the lion role. With surging volatility, stocks at their highest, and regulatory fines fading out, banks can eventually present to shareholders decent results. Indeed, the last years, which have been Read more…
Valeant Pharmaceuticals International, Inc.; market cap (as of 26/02/2015): US$76.68bn Salix Pharmaceuticals, Ltd.; market cap (as of 26/02/2015): US$10.07bn Introduction The pharmaceutical industry has undergone an intense period of consolidation in the past 18 months which is far from over as the big players take advantage of the Read more…
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…
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…
Deutsche Bank AG Market Cap (as of 16/05/2014): $42.9bn Blackstone Group LP Market Cap (as of 16/05/2014): $32.8bn On 15th May 2014, Deutsche Bank (DB) announced that it would be selling its 100% stake in Nevada Property 1 LLC, the owner of The Cosmopolitan, a popular Las Vegas resort and Read more…
Vodafone Group Plc. Market Cap (as of 21/03/14): £59.96bn Ono Market Cap (as of 21/03/14): N/A After having submitted several non-binding offers under €7bn, world’s second-largest wireless carrier Vodafone Group Plc. has confirmed the acquisition of Ono, a private-equity owned Spanish cable TV and internet provider, in a transaction worth 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…
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…
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…
Commerzbank Market Cap (as of 17/05/13): €4.42bn Deal Type: €2.5bn Rights Issue On Tuesday Commerzbank announced the details of the rights issue it previously declared in March. This rights issue will aim to raise €2.5bn in line with Basel III capital requirements. An earlier vote of the Board of Directors Read more…