BAE Systems Enhances Aerospace Portfolio with $5.6 Billion Ball Aerospace Deal

BAE Systems, a listed United Kingdom-based defence, aerospace, and security company, agreed to  acquire Ball Aerospace & Technologies Corp, the United States-based manufacturer of spacecraft,  components and instruments for national defence, civil space, and commercial space applications,  from Ball Corp, the United States-based manufacturer of metal and plastic packaging, primarily for  beverages and foods in … Continue reading BAE Systems Enhances Aerospace Portfolio with $5.6 Billion Ball Aerospace Deal

Apollo takes over metals producer Arconic in a $4.6bn deal

INTRODUCTION On August 18, 2023, Apollo Global Management acquisition of the lightweight metals manufacturer Arconic Corp. was finalized in a $4.6bn all-cash deal. As stated by the chairman of the board of directors of Arconic, Fritz Henderson: “This transaction represents a realisation of value for Arconic shareholders at a meaningful premium and enables the company … Continue reading Apollo takes over metals producer Arconic in a $4.6bn deal

Cimarex Energy and Cabot Oil & Gas Corp $17 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

Enel sells 50% of its smart grid subsidiary gridspertise to CVC

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

Faurecia Acquires Hella in a €6.8 deal to form the world’s seventh-largest automotive supplier

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

CP acquires KCS: the first railway network from Canada to Mexico

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

A transaction helping Lucid to become Tesla’s most powerful rival?

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?

A milestone transaction to define the future of Aerospace and Defense

Introduction:  The $90bn merger between United Technologies Corp. and Raytheon Co. constitutes the largest ever merger in the Aerospace and Defense sector, resulting in a creation of among the largest company of its industry. The merger has resulted in a very diversified group, operating in both the commercial aerospace and the Defense industry. Due to the diversification, the deal was heavily criticized. On the other hand, the combined group will use the core competencies of Raytheon and United Technologies to develop new solutions consistent with the most recent technology trends in the sector.  Companies … Continue reading A milestone transaction to define the future of Aerospace and Defense