Analysis of recent M&A transactions
The luxury fashion industry has experienced impressive changes in the past four decades: numerous firms were formed, and a substantially harder competitive landscape arose. Consolidation also played a crucial role in this phenomenon. This article focuses on the causes and consequences of the consolidation trends in the luxury fashion industry, and the evaluation of the … Continue reading Luxury fashion: independent brands in a consolidating industry
Orange and MásMóvil, two leading telecom groups in the Spanish markeT Orange is a telecom group with over 120 years of history. It is the 8th largest global telecoms brand with over 5000 stores globally and an extensive network in Europe, the Middle East, and Africa, with a significant presence in France, Belgium, Spain, and … Continue reading Orange and MásMóvil $19 Billion Merger
Introduction In 2021, a market like no other, Cimarex Energy and Cabot Oil & Gas Corp decided to merge into a $17 billion company. Despite the expected downsides, the advisors convinced the managements to proceed with the all-stock merger of equals because the stability given by the balance of oil and gas would outweigh any … Continue reading Cimarex Energy and Cabot Oil & Gas Corp $17 billion merger
INTRODUCTION On September 27th, 2022, the Royal Bank of Canada ("RBC") announced the acquisition of Brewin Dolphin Holdings PLC, a multi-award-winning wealth management organization. The transaction was concluded at a final price of C$2.4 billion (£1.6 billion) on a fully diluted basis, representing 515 pence per share. As part of RBC, Brewin Dolphin will now … Continue reading RBC’S ACQUISITION OF BREWIN DOLPHIN
Introduction On October 20th Enel S.p.A. informed that it has signed, through Enel Grids s.r.l., an agreement to sell a 50% share in its wholly owned subsidiary Gridspertise s.r.l. to the Private Equity Fund CVC Capital Partners Fund VIII. The deal represents the first JV in Italy in the smart grids sector, as well the … Continue reading Enel sells 50% of its smart grid subsidiary gridspertise to CVC
Introduction: As of 1st November 2022, Johnson & Johnson announced that it will be acquiring Abiomed, for an enterprise value of approximately $16.6 billion, with $380.00 per share in cash. Existing Abiomed shareholders will also receive up to $35.00 per share in cash under a non-tradeable contingent value right (CVR). As per Joaquin Duato, the … Continue reading Johnson & Johnson acquires cardiovascular technology group in $16.6bn deal
INTRODUCTION On June 20th, 2022, Mondelez International Inc said it will buy US energy bar maker Clif Bar & Company for US$2.9 billion (RM12.7 billion) to expand its global snack bar business. Cadbury and Oreo owner Mondelez said it will get the Clif, Luna and Clif Kid brands of bars in its portfolio through the acquisition. … Continue reading Mondelēz is buying Clif Bar & Company for US$2.9 billion
On September 15th, Adobe announced it would purchase Figma for $20bn, making this acquisition the 8th largest M&A deal in the TMT sector in 2022. Since the announcement, this operation has drawn criticism over the price paid by Adobe and the target's valuation. Are those concerns legitimate? That's what we will evaluate in this article! … Continue reading Adobe – figma Deal: the price to pay for avoiding disruptions
Introduction On November 13th, 2021, Nike announced the acquisition of RTFKT, a creator-led organization producing digital artifacts, in particular sneakers, backed by NFTs. The deal would allow Nike to exploit the possibilities of the metaverse, leveraging RTFKT’s expertise and community. As announced by the CEO, this transaction serves Nike’s digital transformation objective, and it is the … Continue reading Nike enters Metaverse, acquiring collectibles studio RTFKT
Bocconi Students M&A Circle 
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