“The train to IPO is cancelled, we apologize for the inconvenience”: Infrastructure Fund GIP bids €1.98bn for Italian Railway Group Italo-NTV

Introduction On the 8th of February 2018, the shareholders of the Italian high-speed train operator Italo-NTV (Nuovo Trasporto Viaggiatori) (“The Company”) have accepted the offer of Global Infrastructure Partners (“GIP”) for the disposal of 100% of their stake, for an equity value of around €1.94bn. As a result, the plan Read more…

The Best Defense is Good Offense: Siemens and Alstom Merge Rail Operations to Prepare for Chinese Competition

Siemens AG (SIE:ETR) – market cap as of 29/09/2017: €101.32bn Alstom SA (ALO:EPA) – market cap as of 29/09/2017: €7.92bn Introduction The French rail transport company Alstom SA and the German industrial conglomerate Siemens AG announced on Tuesday 24 September 2017 that they agreed to merge their rail operations. The Read more…

Going Once, Going Twice, Sold! Cinven and Bain Capital to Acquire STADA for €5.3bn after Intense Bidding War

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…

A New Behemoth in the Indian Telecom Industry: Vodafone India to Merge with Idea Cellular

Vodafone Group Plc (VOD:NASDAQ) – market cap as of 31/03/2017: £55.39bn ($69.48bn) Idea Cellular Ltd (IDEA:NSE) – market cap as of 31/03/2017: INR 309.51bn ($4.78bn) Introduction Vodafone Group PLC, a global provider of telecommunication services, and Idea Cellular Ltd, an Indian telecommunication company, announced their intention to join forces to Read more…