A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS

Banco Santander will combine its asset management arm with Pioneer Investments, a unit of Unicredit. The combined company will manage $429 bn in assets. This deal follows the recent trend in the M&A activity of Asset and Wealth Management firms. Enhancements to profitability, economies of scope and scale, and regulatory compliance are amongst the main … Continue reading A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS

A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF

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 on wealthier clients produces the combined entity with $15bn dollars in assets, 2000 branches, and a capacity to serve the growing subprime … Continue reading A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF

GLAXOSMITHKLINE & NOVARTIS SWAP ASSTES WORTH £11BN

The asset-swap between GlaxoSmithKline (NYSE: GSK) and Novartis (NYSE: NVS) will lead to stronger focus by both companies on their current core activities. The transaction sets a new framework for future complex deals, where participants enhance their operations by divesting from non-profitable divisions, while acquiring assets that enhance the current portfolios. GSK’s position in vaccines … Continue reading GLAXOSMITHKLINE & NOVARTIS SWAP ASSTES WORTH £11BN

ACTAVIS ACQUIRES BOTOX-MAKER ALLERGAN FOR $66BN

The acquisition of Allergan Inc. (NYSE:AGN) by Actavis Plc. (NYSE:ACT) will lead to the creation of one of the biggest pharmaceutical companies in the world. The $66bn deal is expected to be closed by the second quarter of 2015. The acquisition by Actavis brings an end to the months-long pursuit of Allergan by the Canadian … Continue reading ACTAVIS ACQUIRES BOTOX-MAKER ALLERGAN FOR $66BN

BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES

On November 17, 2014 Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) announced a definitive agreement under which Halliburton – the No.2 biggest oilfield services provider – is going to acquire all the outstanding shares of Baker Hughes – No.3 in the same industry - in a $34.6 billion stock and cash transaction. … Continue reading BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES