AN EMERGING INTERNATIONAL BANK: SABADELL BUYS TSB FOR £1.7 BN

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Spanish institution Banco Sabadell (SAB.MC) agrees to pay £1.7 bn for TSB (TSB.L), Britain’s seventh biggest lender with 631 branches and 4.3% market share, in one of the biggest cross-border banking deals since… Continue reading

OIL: A SHORT STORY

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July 2014 represented one of the most important turnaround points in the oil business in the last decade. An apparently trifling event as the reopening of the Libya’s ports and wells transformed significantly… Continue reading

FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION

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Hitachi, a Japanese conglomerate, will pay €773 million ($850 million) for Finmeccanica’s 40% stake in Ansaldo STS: under Italian law, this type of operations requires a mandatory tender offer in order to be… Continue reading

THE END OF A TRILOGY – VALEANT ON SALIX CASE.

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The increased M&A activity within the Healthcare sector has not slowed down in 2015, after we saw a record volume of transactions in the previous year. After securing financing, Canada-based Valeant has won… Continue reading

BIGGER IS BETTER: EXPEDIA ACQUIRES ORBITZ

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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… Continue reading

A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF

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Springleaf Holdings Inc. set to buy Citigroup Inc’s OneMain Financial Holdings for $4.25bn in cash, forming the largest subprime lender in the United States. Citigroup’s strategy to sell its non-core operations and focus… Continue reading

TMT INDUSTRY ANALYSIS – CONTEXT, TRENDS AND RECENT DEALS

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Competitiveness The TMT industry (in a broad sense) is becoming more and more complex: From the demand side, emerging markets are asking for new services to be provided and developed countries are asking… Continue reading

EI TOWERS BID FOR RAI WAY, THE CONTEXT AND THE POSSIBLE SCENARIOS

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The Deal In September 2014, the Italian Government issued a decree regarding the privatization of the state owned company RAI Way S.p.A. (from now on, RWay). The decree came after the decision to… Continue reading

KOTAK MAHINDRA BUYS ING VYSYA AND DOUBLES ITS SIZE

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The Kotak Mahindra Bank’s all-share acquisition of the mid-sized player ING Vysya has been agreed for at a value of 150 billion Rs, around $2.4 billion. Announced on November 20, 2014, the Kotak… Continue reading