Analysis of recent M&A transactions
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
Introduction In December 2020, Salesforce announced it would be acquiring the workplace chat app Slack for $27.7 billion. Companies Overview Salesforce.com, Inc (NYSE: CRM) Founded in 1999, Salesforce is an American cloud-based solutions provider headquartered in San Francisco, California. Salesforces offers a Customer Relationship Management (CRM) solution that provides insight into customer habits based on … Continue reading Salesforce acquires Slack for $27.7 billion
Introduction: On October 5th, Bristol Myers Squibb announced a definitive agreement to acquire MyoKardia for $225 per share, totaling the deal value to approximately $13.1bn in cash. The transaction was unanimously approved by the Boards of Directors of both companies and was successfully completed on November 17th. With the completion of the acquisition, MyoKardia was … Continue reading Bristol Myers Squibb acquires MyoKardia, expanding its cardiovascular portfolio
Introduction: On the 8th of October 2020 Morgan Stanley announced the acquisition of the investment management firm Eaton Vance for approximately $7 billion. This deal marks the second bout of expansion for the investment bank’s strategic strengthening within Institutional Securities, Wealth Management and Investment Management after it acquired E*Trade in October 2020. Amongst other reasons, Morgan Stanley’s main purpose is to take advantage of more structured fee-based revenue streams. Companies’ Overview: Morgan Stanley Founded in 1935, … Continue reading Morgan Stanley’s consolidation within the Asset Management industry: the acquisition of Eaton Vance Corp
Introduction: On the 2nd of February 2021, it was announced that Uber Technologies Inc agreed to acquire Drizly Inc for $1.1 billion. The deal is expected to be completed within the first half of 2021 after regulatory approval and other closing conditions. Consequently, Drizly will eventually be integrated into Uber Eats. Companies' overview: Target: Drizly … Continue reading Uber enters the alcohol delivery business in a $1.1bn deal
Introduction: On June 10th 2020, Europe’s Just Eat Takeaway.com acquired US-based Grubhub for $7.3bn, in a deal that creates one of the largest food delivery companies in the world. Industry Overview: The Online Food Delivery refers to the mechanism of ordering and delivering food to customers through different websites and applications by using computers or smartphones. This industry is becoming more and … Continue reading Just Eat Takeaway.com acquires US-based Grubhub for $7.3bn
