Analysis of recent M&A transactions
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: 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
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 February 3rd 2020, Takeaway.com acquired Just Eat PLC for €6.5bn, creating the largest food delivery platform outside of China under the name of Just Eat Takeaway.com NV, with a pro forma €1.2bn in revenues. Industry Overview: Ever since Pizza Hut launched its online pizza ordering service back in 1994, the online food delivery … Continue reading Just Eat – Takeaway.com: All-share or all-cash offer
Introduction: The clothing conglomerate VF and Supreme have recently announced that they have signed a definitive merger agreement. The acquisition follows a long-lasting collaboration between VF and Supreme, wherein Supreme worked together with VF’s brands such as Vans, The North Face and Timberland on a number of occasions. The announced deal, which is estimated to close by … Continue reading VF Corp acquires Supreme: $2.1bn
Industry Overview The retail and consumer goods sector covers both manufacturing and distribution as well as providing services to customers. Since it is a broad industry including multiple sub-sectors it is crucial to point out that there are multiple sub-sectors that might itself be substantial in size. Some examples of these sub-sectors include Automotive, Food … Continue reading Navigating through COVID-19: R&CGs Analysis
The Consumer Retail and Real Estate division presents the following article which aims to better comprehend the recently announced agreement between two prominent players in the food and beverage industry: Kraft-Heinz and Parmalat. On the 6th of November 2018, the Italian multinational dairy and food corporation, Parmalat, definitively agreed to acquire Kraft-Heinz’s Canadian natural cheese … Continue reading Searching for the Milky Way: Parmalat acquires Kraft-Heinz’s Canadian natural cheese division for $1.62 billion CAD
On January 16th 2018, Ferrero, announced that it will acquire the confectionery business of Nestle in the US for $2.8 billion. The deal makes Ferrero the third-biggest firm in the confectionery market in the US, according to Euromonitor. The unit acquired generated $900 million in sales during 2017 for the Swiss-based company. Ferrero will own … Continue reading Ferrero is back with a Sweet Acquisition
The transaction "will allow the simplification of the structures, long requested by the market, and the strengthening of LVMH's Fashion and Leather Goods division". The French king of the luxury goods realm has announced he will combine the Christian Dior fashion brand with LVMH to simplify the business structure and boost LVMH’s earnings. DEAL … Continue reading Simplifying LVMH
Bocconi Students M&A Circle 
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