Analysis of recent M&A transactions
Companies Overview Invesco Ltd. Invesco Ltd. is an American independent investment management company headquartered in Atlanta, United States, and listed on the NYSE. The firm was originally incorporated under the laws of England and Wales as H. Lotery and Co. Ltd in 1935 and in late 1950s launched its first mutual funds in North America. … Continue reading Invesco joins the trillion dollar club
Intro / Deal Summary On March 20th, 2017 Idea Cellular and Vodafone India announced their merger, whereby Idea cellular agreed to purchase Vodafone India for USD 12.6 billion. The deal has been the largest in the Technology, Media and Telecommunications sector in H1 2017 and will create the largest Indian telecommunications company with a valuation … Continue reading Vodafone has an Idea
On September 14th, 2016, Bayer has reached a deal, currently pending regulatory approval, to acquire Monsanto in an all cash transaction for $128-a-share ($56bn Equity Value, $66bn EV) COMPANY OVERVIEW – BAYER Bayer AG (ETR:BAYN , Market Cap: €77.57bn, Share Price: €93.90 as of 11/11/2016) is a German multinational chemical and pharmaceutical company traded on the Frankfurt Stock Exchange. … Continue reading Bayer-Monsanto: A Genetically Modified Deal
On May 1, 2016, Halliburton and Baker Hughes, respectively the second and third largest oilfield services firms, have announced the abandonment of their planned $34.6bn merger because of opposition from US and European regulators. Recap of acquisition’s drivers and structure of the deal Throughout this deal, Halliburton aimed to broaden its product lines and increase … Continue reading Halliburton and Baker Hughes broken marriage
London Stock Exchange Group (LSE:LSE) and Deutsche Börse (DB1X.N:GER) have agreed to merge and give birth to the largest European stock exchange group with a combined market capitalization of over $6tn. Industry Overview Not only have the financial markets been exceptionally turbulent since the last quarter of 2015 but also the exchange operators that are … Continue reading LSE – DB merger: a crucial step towards Capital Markets Union
After months of intense talks, on March 23, Banca Popolare di Milano (PMI:IM) and Banco Popolare (BP:IM) agreed to merge and to form the third largest bank in Italy by assets (€170bn). The deal comes after a tacit approval by the ECB and is probably only the first step of an anticipated bigger consolidation process. … Continue reading Top of the Pops: Banco Popolare and BPM merge to create Italy’s third largest bank
Activision Blizzard – King Digital Activision Blizzard Inc. will buy the British developer King Digital Entertainment for a nice $5.9bn settled entirely by cash. The rationale of the deal seems to be twofold: operating and financing based. The combined company is expected to be among the most important tech giants worldwide in terms of active users, with more … Continue reading Activision Blizzard takeover of King Digital Entertainment
The year 2015 has been marked by the acceleration of M&A activity in the financial sector, due to several distinct trends. Due to increased regulations, institutions must find new ways to not only adapt to the new expectations of regulators, but also to be proactive in finding sustainable business models. Higher capital requirements have put … Continue reading Financials on the rocks – FIG Market Update
On the morning of the 8th of April 2015 the acquisition of BG Group by the Anglo-Dutch oil giant Royall Dutch Shell was announced. It is considered to be the most expensive oil and gas deal in the past decade with an estimated value of around £47.0 billion ($70billion U.S. dollar). Structure of the Deal … Continue reading SHELL-BG, A NEW WAVE OF OIL M&A IS COMING?
Bocconi Students M&A Circle 
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