Analysis of recent M&A transactions
Introduction Premier Oil Plc is going to be acquired by Chrysaor Holdings Ltd via a reverse takeover. The resulting entity will be the largest listed independent oil and gas company in the UK North Sea, pumping 250,000+ barrels of oil equivalent per day. The acquisition represents the start of a new chapter for Premier Oil, one of the biggest legacy independent oil explorers based in the UK. Indeed, … Continue reading CHRYSAOR HOLDINGS LTD – PREMIER OIL PLC
SGFER – BSMAC Deal Overview Potential Target: Toshiba Industry: Energy Systems & Consumer Electronics Estimated EV: $17.864B Toshiba share price: $34.85 (as of 6.4.2021) Back in April 2021, the international private equity firm CVC Capital Partners announced their offer of 5,000 yen per share, an accumulated $20.8B, for the acquisition of Toshiba. The buyout firm's proposal included a 31% premium on Toshiba's share … Continue reading The potential deal of the century – is Toshiba an attractive LBO target?
Introduction: On the 21st of March 2020, Canadian Pacific Railway Limited (CP), a Canadian railway company, and Kansas City Southern (KCS), a US railway firm, announced an agreement through which CP will acquire KCS for $29 billion. Through this deal, CP values KCS at $275 per share, representing a 23% increase with respect to KCS … Continue reading CP acquires KCS: the first railway network from Canada to Mexico
Rogers Communication Edward S. Rogers is the inventor of world’s first alternating current heater filament for a radio tube. Unfortunately, he died when he was working on an experiment at the age of just 38. His son, Ted, at the time was only 5 years old. In 1960, when he was still a student, Ted … Continue reading Rogers Communication to strengthen 5G position through Shaw Communication acquisition
Introduction: On 12 December 2020, AstraZeneca announced a definitive agreement to acquire Alexion Pharmaceuticals, for a value of $39 bn. For each share of Alexion, the shareholders will receive $60 in cash and a little over 2 AstraZeneca American Depositary Shares (ADS), corresponding to half of an ordinary AstraZeneca share. Alexion shareholders will own a 15% share in … Continue reading AstraZeneca’s Alexion $39bn takeover
Introduction: Perella Weinberg Partners (“PWP”), a New York-based boutique investment bank focused on M&A, agreed to go public through a merger with a Special Purpose Acquisition Company (SPAC) on Wednesday 30th December 2020. Backed by banking entrepreneur Betsy Cohen, FinTech Acquisition Corporation IV will acquire Perella Weinberg in a deal that has an implied equity … Continue reading Perella Weinberg Partners to go public via merger with Betsy Cohen’s SPAC
On July 30, 2020 Michael Klein completed the initial public offering of Churchill Capital Corp. IV. On February 22, 2021 the merger agreement with Lucid Motors was announced with the aim to create an electric vehicle manufacturer able to compete against Tesla. Companies' Overview: Lucid Motors Based in Newark, California, Lucid Motors (“Lucid”) is an Electric … Continue reading A transaction helping Lucid to become Tesla’s most powerful rival?
Introduction: LVMH-backed L-Catterton and the LVMH controlling shareholder Financière Agache agree to acquire German footwear group Birkenstock for €4bn. The deal marks LVMH’s strong start to 2021 right after the closing of the Tiffany & Co. acquisition on the 7th of January. Companies' overview: LVMH Moët Hennessy Louis Vuitton known as LVMH is a French luxury group comprising 75 “Houses” 1) creating high-end products. The company was formed in … Continue reading Birkenstock – LVMH Deal of €4bn
Iberdrola, a Spanish electric utility company, has recently announced that it will launch the largest investment programme in Spanish history. The goal of the €75 billion investment plan that will cover the period from 2020 to 2025 is to lead the energy revolution that the world is facing. Additionally, as a demonstration of the group’s goal of achieving economic recovery, the programme will boost industrial development and employment in the countries where the firm competes. This plan also represents the changing attitude of utility … Continue reading Iberdrola: world-leader in the electric utility sector goes green
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