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…
Laird plc (LON: LRD) – market cap as of 09/03/18: £979.8 m Introduction On March 1, 2018, Advent International announced it will acquire the UK electronic components producer Laird plc for £1.2bn, or £2/share. The deal marks yet another conquest for private equity firms in search for viable targets to Read more…
Kite Pharma (NASDAQ:KITE) – Market cap as of 23/09/2017: $10.28bn Gilead Sciences (NASDAQ:GILD) – Market cap as of 23/09/2017: $108.74bn Introduction On August 28, 2017, Gilead Sciences, Inc. and Kite Pharma, Inc. announced that the companies have entered into a definitive agreement pursuant to which Gilead will acquire Kite for Read more…
Stada Arzneimittel AG (FWB: SAZ) – market cap as of 21/04/2017: €4.02bn Intel Cinven Partners LLP – private company – AUM as of FY 2015: €10.60bn Bain Capital Private Equity, LP – private company – AUM as of 04/04/2017: $32.40bn Introduction On April 10, 2017, Bain Capital Private Equity, LP Read more…
Mobileye NV (NYSE: MBLY) – market cap as of 30/03/2017: $13.63bn Intel Corporation (NASDAQ: INTC) — market cap as of 30/03/2017: $171.80bn Introduction On March 13, 2017, Intel Corporation announced the acquisition of the Israeli tech company Mobileye NV for $14.7bn. The U.S. chipmaker is paying one of the highest Read more…
Samsonite Market Cap: $24.43bn (as of 12/03/2016) Tumi Market Cap: $1.83bn (as of 12/03/2016) Introduction Last week, the world’s biggest luggage company, Samsonite, zipped up a deal to acquire luxury rival Tumi for around $1.8bn. This acquisition will be the largest one for Samsonite since its IPO in 2011. After Read more…
Mylan N.V.; market cap as of 12/02/2016: $20.54bn Meda AB; market cap as of 12/02/2016: kr52.44bn ($6.24bn) Introduction On February 10, Mylan NV (NASDAQ: MYL.O) announced its acquisition of Meda AB (STO: MEDAa.ST) in a deal worth $7.2bn made of cash and stock, while the latter reported an unexpected slowdown Read more…
[edmc id= 3236]Download here the Ferrari Pitch[/edmc] After having covered the IPO of Ferrari (https://bsic.it/wanna-flawless-ferrari-52-now-feasible/) in detail a couple of weeks ago, we are now trying to identify RACE’s market positioning in terms of multiples. The structure of the analysis is as follows: firstly, we plot Ferrari’s positioning against major automakers Read more…
In our May article (https://bsic.it/chinese-divergence-real-vs-financial/), we underlined how many difficulties China faced. We also analysed the development of a stock market bubble in the Shanghai Composite equity index (SHCOMP) and in the Shenzhen CSI 300 (SHSZ300) equity index. This summer saw that bubble bursting. The SHCOMP was trading at 3,185 Read more…
Alexion Pharmaceuticals Inc.; market cap (as of 09/05/2015): $32.54bn Synageva Biopharma Corp.; market cap (as of 09/05/2015): $7.91bn Introduction On May 6, 2015, Alexion Pharmaceuticals Inc. (NASDAQ:ALXN), the manufacturer of the world’s single most expensive prescription drug Soliris, and Synageva BioPharma Corp. (NASDAQ:GEVA) have entered into a definitive agreement Read more…
Royal Dutch Shell plc.; market cap (as of 17/04/15): $200.1bn BG Group plc.; market cap (as of 17/04/15): $61.1bn Introduction On Wednesday 8, Royal Dutch Shell announced the acquisition of BG Group for $70.1bn for a mix of cash and stock, which would make Shell the largest producer of Read more…
Halliburton Company; market cap (as of 21/11/2014): $43.1bn Baker Hughes Inc.; market cap (as of 21/11/2014): $27.5bn Introduction On November 17, Halliburton Company, the world’s second biggest oilfield service provider, announced a definitive agreement to acquire Baker Hughes Inc. in a stock and cash deal worth $34.6bn. The transaction is Read more…
Siemens AG, Market Cap (as of 26/09/2014): €83.16bn Dresser-Rand Group Inc., Market Cap (as of 26/09/2014): $6.3bn Siemens AG (NYSE:SI), the Munich-based global powerhouse in electronics and electrical engineering, has agreed to acquire Dresser-Rand Group Inc. (NYSE:DRC), the Houston-based leading supplier of equipment for the oil and gas sector. According Read more…