The Marriott – Starwood Deal The Golden Age for M&A in the Hospitality Sector

On November 16 2015, Marriott and Starwood agreed to an acquisition transaction valued at $12.2bn that will create the world’s largest hotel company so far. Drivers of the deal Marriott International (MAR) lining up a takeover bid for Starwood hotels and Resorts (HOT) caught everyone by surprise since Marriott did not take part in the … Continue reading The Marriott – Starwood Deal The Golden Age for M&A in the Hospitality Sector

THE OPPORTUNITY FOR A MEGADEAL IS BREWING BETWEEN AB INBEV AND SABMILLER

On October 12th 2015, AB Inbev has agreed to purchase SABMiller for about £68bn ($104.2bn) to form the world’s largest brew maker so far with combined sales revenues of about $64bn. Drivers of the Deal SABMiller’s acquisition marks the most ambitious step yet for the world’s largest brewer since the merger of Anheuser-Busch and InBev … Continue reading THE OPPORTUNITY FOR A MEGADEAL IS BREWING BETWEEN AB INBEV AND SABMILLER

Retail & Consumer Products market update

Japan Tobacco International has bought an Iranian cigarette maker in order to consolidate its leadership in a country that is expected to experience economic growth once international sanctions are removed. The announcement arrived after rumours that Philip Morris was entering the market. The US-Qatari consortium led by Stephen Ross is near to buy Formula One … Continue reading Retail & Consumer Products market update

THREE-WAY BOTTLER MERGER

On August 6th 2015, Coca-Cola Enterprises (NYSE and Euronext Paris: CEE), an independent bottler of Coke products in Europe, agreed to a three-way merger with two other bottlers in that region: Coca Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG. This transformational transaction will create the world’s largest independent Coca-Cola bottler based on net revenues of … Continue reading THREE-WAY BOTTLER MERGER

HEINZ AND KRAFT TO MERGE, FORMING A NEW FOOD GIANT

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

DIGITAL LUXURY SHOPPING: YOOX – NET-A-PORTER

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

BIGGER IS BETTER: EXPEDIA ACQUIRES ORBITZ

On February 12, Expedia (Nasdaq: EXPE) announced it had entered into a definitive agreement under which it will acquire Orbitz Worldwide, Inc. (NYSE: OWW) including all of Orbitz’s brands (such as HotelClub, CheapTickets and Ebookers), for $12.00 per share in an all-cash $1.3 billion transaction. Both companies own a portfolio of travel booking websites. This … Continue reading BIGGER IS BETTER: EXPEDIA ACQUIRES ORBITZ

WHEN A BURGER MEETS A DOUGHNUT. BURGER KING – TIM HORTONS

Burger King Worldwide Inc. (NYSE: BKW) has announced on August 26, 2014, the acquisition of Tim Hortons Inc. (NYSE: THI) in a merger that will create the world’s third-largest quick service restaurant. The legal headquarter of the combined entity will be relocated in Canada, which rises new concerns about the trend of tax inversion deals … Continue reading WHEN A BURGER MEETS A DOUGHNUT. BURGER KING – TIM HORTONS