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Corporate Finance Old Articles

Brookfield Business and CDPQ made the day of Johnson Controls’ Shareholders by acquiring Power Solution Business for $13.2bn

Johnson Control International PLC [JCI: NYSE] – Market Cap as of 21/11/2018 $30.754bn Brookfield Business Partners LP [BBU: NYSE] – Market Cap as of 21/11/2018 $4.613bn Introduction On November 13th, 2018 Johnson Control International announced its intentions to sell Power Solutions Business, one of its most profitable divisions. Generating $8bn Read more…

By BSIC, 5 years24 November 2018 ago

Corporate Finance Old Articles

Rush for OTT dominance heats up: Deltatre acquires Massive Interactive

Introduction On November 7, Massive Interactive, a London-based OTT software provider, announced that it had signed an agreement to be acquired by Deltatre, a global provider of sports media services and technology in a transaction worth up to $127m. This transaction is an attempt by Deltratre to enter the entertainment Read more…

By BSIC, 5 years18 November 2018 ago

Corporate Finance Equity Deals M&A Deals Old Articles

Submerged shipping companies can do nothing but merge: CMA CGM acquires NOL for $2.4bn

Neptune Orient Lines Ltd. market cap as of 29/04/2016: SGD3.346bn (c. USD2.49bn) In the light of the slump in global trade caused by the economic crisis, the once-profitable container-shipping industry has been subject to a wave of consolidation in an attempt to recover from constant losses of the last five Read more…

By BSIC, 8 years1 May 2016 ago

Currencies Equity Indices Fixed Income Markets Old Articles

Market Recap 25/04/2015

US US equities climbed to new heights as the week drew to a close with the Nasdaq Composite surpassing its previous peak of 5048.62 points from the year 2000 that marked the height of the dot-com era. The tech-heavy index advanced 3.2% over the last 5 days to close Friday’s Read more…

By BSIC, 9 years25 April 2015 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Valeant, the serial pharma dealmaker cuts again

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…

By BSIC, 9 years28 February 2015 ago

Corporate Finance Debt Deals M&A Deals Old Articles

Babcock to buy Avincis for £920 million

Babcock International plc. Market Cap (as of 28/03/14): £4.61bn Avincis Group Market Cap (as of 28/03/14): N/A On March 27, 2014 Babcock International, leading engineering support services, announced its acquisition of 100% of Avincis Group shares, a worldwide aerial services provider, for £920mm (about €1.1bn), funded through a £1.1bn rights Read more…

By BSIC, 10 years29 March 2014 ago

Corporate Finance Equity Deals M&A Deals Old Articles

Vivendi clings to telecom. Bouygues or Numericable potential partners

Vivendi: Mkt Cap €27.21bn (as of 07/03/14) Bouygues SA: Mkt Cap €9.61bn (as of 07/03/14) Numericable: Mkt Cap €3.52bn (as of 07/03/14) In November 2013, French media and telecom conglomerate Vivendi announced plans to spin off its mobile telephone division, SFR, in an effort to refocus its operations in the Read more…

By BSIC, 10 years9 March 2014 ago

Markets Old Articles Trade Ideas

Outlook on Investment Banking

The investment banking industry is expected to announce lacklustre returns for 2013, despite an improving global economy, soaring asset prices and abundant liquidity. According to Deutsche Bank, the overall revenue pool is forecasted to be down by 6% (FICC down by 18%, Equity up by 28% mostly driven by equity Read more…

By BSIC, 10 years8 December 2013 ago

Corporate Finance Equity Deals Old Articles

Commerzbank joins the European recapitalization effort

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…

By BSIC, 11 years18 May 2013 ago

Debt Deals Macroeconomic Views Old Articles

Lisbon goes back to the market with a €3bn bond issue

Object: €3.0 billion issuance of Obrigações do Tesouro (OT) (fixed rate bonds), interest rate 5.65%, annual coupons On May 6th the Republic of Portugal issued its first new government bonds since requesting an international bailout two years ago, in a heavily-oversubscribed offer of 10-year debt that raised €3bn. The bonds Read more…

By BSIC, 11 years11 May 2013 ago

Corporate Finance Equity Deals Old Articles

BB Seguridade pushes Brazilian IPO market for a rebound

Banco Do Brasil Market Cap (as of April 26th 2013) : € 27.94 bn BB Seguridade Market Cap (as of April 26th 2013) : € 10.91 bn Deal size: € 3.27 bn (30% of total shares), € 3.76 bn with Greenshoe option fully exercised On April 26th it was announced Read more…

By BSIC, 11 years27 April 2013 ago

Corporate Finance M&A Deals Markets Old Articles Single Stocks

HSBC continues its refocusing effort

HSBC Holdings, Plc Market Cap (as of 8/03/13): $203.55bn Newcastle Investment Corporation Market Cap (as of 8/03/13): $2.83bn On March the 5th HSBC Finance Corporation, a wholly owned subsidiary of HSBC Holdings Plc, agreed to sell a portfolio of unsecured and homeowner loans to Newcastle Investment Corporation and SpringLeaf Finance, Read more…

By BSIC, 11 years9 March 2013 ago