Analysis of recent M&A transactions
On 11 July 2022 Dufry, a leading global travel retailer, announced its interest in acquiring an Italian- based multinational catering company Autogrill in a deal which would create a new global travel experience player with a total value of about USD 6.7 billion. Xavier Rossinyol, The CEO of Dufry commented: “I am looking forward to … Continue reading Autogrill – Dufry $6.7 BN Merger
INTRODUCTION On June 20th, 2022, Mondelez International Inc said it will buy US energy bar maker Clif Bar & Company for US$2.9 billion (RM12.7 billion) to expand its global snack bar business. Cadbury and Oreo owner Mondelez said it will get the Clif, Luna and Clif Kid brands of bars in its portfolio through the acquisition. … Continue reading Mondelēz is buying Clif Bar & Company for US$2.9 billion
Introduction On November 13th, 2021, Nike announced the acquisition of RTFKT, a creator-led organization producing digital artifacts, in particular sneakers, backed by NFTs. The deal would allow Nike to exploit the possibilities of the metaverse, leveraging RTFKT’s expertise and community. As announced by the CEO, this transaction serves Nike’s digital transformation objective, and it is the … Continue reading Nike enters Metaverse, acquiring collectibles studio RTFKT
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
Bocconi Students M&A Circle 
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