Credit Agricole acquires Credito Valtellinese: a rising favourite in the NOrthern italian banking industry?

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?

Microsoft acquisition of Activision Blizzard

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

Novartis sells Roche stake for $20.7 billion

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

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

Discovery merges with WarnerMedia

Introduction On May 17th 2021, AT&A announced a $48 billion deal to merge Discovery and WarnerMedia, uniting the companies under the name Warner Bros. Discovery. The merger should provide substantial synergies and an improved leadership team that will strengthen the streaming and content creation verticals, enabling the company to compete with companies such as Netflix … Continue reading Discovery merges with WarnerMedia

JP Morgan acquires UK Robo-advisor Nutmeg

Introduction: On the 17th of June, 2021 JPMorgan announced the acquisition of the robot-assisted investment management company Nutmeg for approximately $970 million. Since November 2020, JPMorgan and Nutmeg have been in a partnership releasing a range of ETFs under the name of “Smart Alpha”. The previous partnership and acquisition of Nutmeg will allow JPMorgan to form … Continue reading JP Morgan acquires UK Robo-advisor Nutmeg

CHRYSAOR HOLDINGS LTD – PREMIER OIL PLC

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

The potential deal of the century – is Toshiba an attractive LBO target?

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?