Analysis of recent M&A transactions
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
About Celanese Celanese was founded in 1910 and grew to become a global firm with 7,700 employees, 25 production plants and 6 research centres around America, Europe, and Asia. It is a Texas-based global chemical and plastic producer, especially in the field of polymer and high-value materials revolving around plastic. It has a wide portfolio … Continue reading Celanese – Dupont Deal
ONE OF THE LARGEST LBOs IN HISTORY ACCEPTED – WILL IT GET TO THE FINISH LINE? On April 25th, several days after acquiring a 9.2% stake in Twitter, the richest man in the world, Elon Musk submitted a takeover offer at $54.20 per share, implying a total equity value of $43.4bn, to take Twitter Inc. … Continue reading Elon Musk’s Bid for twitter
Introduction On 23/11/2020, Crédit Agricole Italia S.p.A. ("Crédit Agricole Italia") announced a voluntary public tender offer on all shares of Credito Valtellinese S.p.A. ("Creval") with a total deal value of €876.87m. The deal was closed on 21/04/2021. Crédit Agricole Italia offered a price of €10.50 in cash per Creval share which represents a 20.76% premium … Continue reading Credit Agricole acquires Credito Valtellinese: a rising favourite in the NOrthern italian banking industry?
On the 28th February 2022, Acerus Pharmaceuticals Corporation announced its definitive agreement for the acquisition of Serenity Pharmaceuticals LLC and the global rights to its Noctiva drug. Financial Times reported the transaction value to be $815 million. On 7th March, Acerus announced the successful closing of its Serenity transaction. It is Acerus' only (disclosed) M&A … Continue reading Acerus – Serenity Deal
On January 19, 2022, Microsoft Corp. announced plans to acquire Activision Blizzard Inc, a leader in game development and interactive entertainment content publisher. The acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console, and cloud and will provide building blocks for the metaverse. Companies Overview Microsoft Microsoft Corporation is a technology … Continue reading Microsoft acquisition of Activision Blizzard
Introduction In 2018, the Coca-Cola group already had a 15% stake in BodyArmor. This acquisition is the largest corporate takeover ever by the American giant, overtaking its purchase of Costa Coffee in 2018 for $ 5.1 billion. Coke shares have risen 3% this year, giving it a market value of $ 244 billion. This acquisition … Continue reading Coca-Cola Acquires BodyArmor
INTRODUCTION Novartis has agreed to sell 53.3 million (approximately 33%) Roche bearer shares in a bilateral transaction to Roche for a total consideration of USD 20.7 billion. Novartis has been a shareholder of Roche since May, 2001 and currently holds 53.3 million bearer shares of Roche’s common stock, representing approximately 33% of aggregate outstanding bearer … Continue reading Novartis sells Roche stake for $20.7 billion
Introduction On the 14th of August, Faurecia, a French-based automotive equipment supplier launched a tender for the acquisition of Hella, a German supplier specialized in the production of lighting and electronics automotive products in a €6.8bn deal. This combination is aimed at creating the 7th largest automotive supplier, well-positioned for new challenges such as electric … Continue reading Faurecia Acquires Hella in a €6.8 deal to form the world’s seventh-largest automotive supplier
Bocconi Students M&A Circle 
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