Since 2014, specialising in Mergers & Acquisitions
On March 25, 2015 H.J. Heinz Company and Kraft Foods Group, Inc. (NASDAQ: KRFT) announced they have entered into a definite merger agreement to create The Kraft Heinz Company. Existing Heinz shareholders will have a 51% ownership stake in the combined company, whereas existing Kraft shareholders will have a 49% ownership stake. Drivers of the … Continue reading HEINZ AND KRAFT TO MERGE, FORMING A NEW FOOD GIANT
Banco Santander will combine its asset management arm with Pioneer Investments, a unit of Unicredit. The combined company will manage $429 bn in assets. This deal follows the recent trend in the M&A activity of Asset and Wealth Management firms. Enhancements to profitability, economies of scope and scale, and regulatory compliance are amongst the main … Continue reading A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS
Industry Overview During the past weeks we observed a lot of activity in the healthcare sector centering around three companies: Mylan, Perrigo and Teva. Mylan is a Dutch pharmaceutical company headquartered in Amsterdam. It is among the largest generics and specialist pharmaceutical companies in the world, manufacturing and marketing approximately 1,400 pharmaceutical products. Mylan’s business … Continue reading GENERICALLY SPEAKING, HEALTHCARE M&A IS ON FIRE
British Telecommuniations (BT) has finalized a £ 12.5 bn deal to buy mobile operator EE from Deutsche Telekom and Orange. This article will first provide a brief overview of the European telecommunication industry and consequently the deal at hand will be analyzed from the standpoint of all three players involved. Industry Overview The telecommunication services … Continue reading BT TO EXPAND INTO MOBILE SERVICES THROUGH ACQUIRING EE
CHAPTER 2 In the first chapter of this story has been covered the bid made by Nokia to merge with Alcatel – Lucent. It was an all – stock financed transaction for which, assuming full acceptance, Nokia’s shareholders would have owned 66.5% of the combined company while Alcatel – Lucent’s one the remaining 33.5%. The … Continue reading NOKIA – Alcatel Lucent: an Analysis of the Deal [chapter 2]
CHAPTER 1 On April 15, 2015 Nokia announced a €15.6bn offer for Alcatel-Lucent that will create a huge Finnish-French rival to Ericsson and Huawei in the telecoms equipment industry, with a market capitalization of about €40bn and sales of about €27bn, matching those of Ericsson. Industry Overview Nokia, the world’s dominant maker of handsets in the … Continue reading NOKIA – ALCATEL LUCENT: CONNECTING PEOPLE, MERGING BUSINESSES [CHAPTER 1]
China National Chemical Corp, also known as ChemChina, agreed to buy Pirelli (PECI.MI), the world's fifth-largest tyre maker, in a € 7.1 billion ($7.7 billion) deal. This operation will put the 143-year-old Italian company in Chinese hands, and take it private again after 93 years of public listing. The offer is expected to be launched … Continue reading CHEMCHINA AND PIRELLI: WHO WANTS TO BE NEXT?
On March 31 2015, Italian web-based clothier Yoox SpA agreed to purchase Net-a-Porter, the high-end fashion site controlled by Cie. Financière Richemont SA, in an all-stock deal representing an effort to strengthen their presence in the small-but-increasingly-competitive online market for luxury goods. Transaction drivers The new company will be called Yoox Net-a-Porter Group and it will be the world’s largest … Continue reading DIGITAL LUXURY SHOPPING: YOOX – NET-A-PORTER
Spanish institution Banco Sabadell (SAB.MC) agrees to pay £1.7 bn for TSB (TSB.L), Britain's seventh biggest lender with 631 branches and 4.3% market share, in one of the biggest cross-border banking deals since the financial crisis. Formally announced on March 12, the deal was also welcomed by the UK Treasury as “a vote of confidence … Continue reading AN EMERGING INTERNATIONAL BANK: SABADELL BUYS TSB FOR £1.7 BN
Bocconi Students M&A Circle 
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