BETA The Capitalization Report v21.01.07 Reblog – 10 standout Europen deals that shaped 2020 by Pitchbook


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KEYWORDS: Worldline,  Ingenico, Nexi, Takeaway.com, eBay, Thyssenkrupp, Advent International, Cinven, Liberty Steel, KKR, Viridor, Pennon, SoftBank, Arm, Nvidia, WeWork, Borsa Italiana, Refinitiv,  Deutsche Boerse, Six, RSA Group, Intact Financial, Tryg, Bain Capital, Ellie Mae, Walmart,  Asda,  Sainsbury‘s,  Apollo Global Management, Lone Star, TDR Capital, G4S, GardaWorld,

REBLOG PITCHBOOK

Clearly, 2020 was never going to be a normal year for M&A activity in the face of a global pandemic. Nevertheless, there have been some standout transactions. When it comes to deals worth $5 billion or more, activity has been decidedly lumpy this year, with a notable fallow period between March and September. Many of the major deals in the year’s cohort speak to broader economic and industry trends—not all of them COVID-related. This list, while not comprehensive, looks at some of the key European themes at play over the past 12 months.

Last-minute deliveries

Takeaway.com secured its £6 billion (around $7.9 billion) acquisition of its rival Just Eat in January, following prolonged bidding with rival suitor Prosus that had begun the previous July with Takeaway’s initial bid. The deal, which created the continent’s largest food delivery company, got the final nod from regulators in April. It was a bitter loss for Prosus, which made three separate cash offers before it had to concede defeat. The Dutch-listed tech company was also beaten to the punch by Norway’s Adevinta in July when it had tried to buy eBay‘s classifieds unit in what was eventually a $9 billion deal.

Payments giants

French payments company Worldline agreed to buy its rival Ingenico without too much fanfare in February. The €7.8 billion (around $9.5 billion) deal, which created the fourth-largest payment services provider in the world, was one of the last major European deals to be announced before the pandemic forced widespread lockdowns. The deal closed in October, and just a month later, Italian digital payments company Nexi, itself the product of several mergers, agreed to buys its Danish rival Nets in another €7.8 billion deal.

Link to Article: https://pitchbook.com/news/articles/10-standout-european-deals-that-shaped-2020

M&A Deal Flow 20181024


#dealwelove Kraft Heinz Co will sell part of its Indian business, including brands such as malt-based drink Complan and energy drink Glucon-D, for 45.95 billion rupees ($627.18 million), at a time when Indian consumers are demanding healthier, sugar-free alternatives.

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OTHER TOP M&A NEWS

** U.S. healthcare conglomerate Johnson & Johnson said it is acquiring all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.

** National Bank (NBG), Greece’s second-largest lender will ask European Union competition authorities for more time to complete planned asset sales under an EU-approved restructuring plan, two bankers close to the matter said.

** Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition, a person familiar with the matter said.

** Shares of Kenyan fuel marketer KenolKobil jumped 30 percent early after a takeover offer from French firm Rubis was made public, Refinitiv data showed.

** Endeavor Energy Resources LP is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said.

** France and Italy moved closer towards a military shipbuilding alliance when state-controlled shipyards Naval Group and Fincantieri announced a 50-50 joint venture to bid for Franco-Italian warship projects and export to the world market.

** Freight forwarder DSV will no longer pursue its unsolicited offer for Swiss transport group Ceva Logistics , the Danish company said.

** German conglomerate Thyssenkrupp has hired Goldman Sachs, JP Morgan and Deutsche Bank as advisors in a planned spin-off of its capital goods business, a spokesman for Thyssenkrupp said.

** Spanish insurers Mapfre and Santa Lucia are mulling a merger of their funeral services businesses, hoping to take advantage of growing demand and stable cash-flows to create the Spanish market leader, three sources with knowledge of the deal said.

** Saudi Aramco Chief Executive Officer Amin Nasser said that anti-trust regulations abroad will mean that the company’s planned acquisition of a stake in Saudi Basic Industries Corp (SABIC) will take time.

** Turkey’s Yildiz Holding has launched the sale of Godiva chocolate’s Japanese business with the first round of the auction set to close early next month, sources said.

** AstraZeneca is ploughing deeper into cancer immunotherapy through a wide-ranging deal with Innate Pharma , which includes the British group buying a 9.8 percent stake in the French biotech company.

 

 

M&A IN Pipeline 20181004


** Comcast said it had secured over 75 percent of Sky’s shares, bringing it closer to finalising the $40 billion takeover of the British pay TV group.

Blackstone

** Blackstone Group said it would acquire global life sciences investment firm Clarus for an undisclosed amount, as the investment manager pushes deeper into the healthcare sector.

** Honda Motor Co Ltd will invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world.

** Smiths Group said it would buy United Flexible Inc, a U.S.-based maker of parts for aircraft engines, from private equity firm Arlington Capital Partners for an enterprise value of $345 million.

** Barnes & Noble Inc said it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest in buying the bookseller.

** Saudi British Bank (SABB) and smaller rival Alawwal Bank are merging to create Saudi Arabia’s third-biggest lender with a market capitalization of about $17.2 billion.

** Italian state-owned bank Monte dei Paschi di Siena is close to selling its Belgian unit to private equity firm Warburg Pincus in a 50 million euro ($57 million) deal, a source familiar with the matter said.

Continue reading “M&A IN Pipeline 20181004”