Blog Entries tagged 'mergers and acquisitions' Blog Entries tagged 'mergers and acquisitions' Tue, 14 May 2013 11:38:17 +0100 FeedCreator 1.7.2 Lessons learned from failed foreign bids

As the US outlook brightens and US companies look to spend some of their hoarded cash on acquisitions abroad, they have many things to ponder and prepare for, not least how takeover rules differ in other jurisdictions.

This came to the fore again recently when two UK takeover targets managed to give their respective suitors—one from the US and one from France—the cold shoulder.

For US firms hoping to pick up [...] Tue, 01 Feb 2011 23:00:00 +0100 mergers and acquisitions Deals Oil & gas, technology are ripe for consolidation

M&A could see a significant uptick this year as sectors such as oil and gas, technology, and healthcare lead the way, according to Steve Krouskos, Global and Americas Markets Leader for Ernst & Young's Transaction Advisory Services.

US companies were responsible for $773 billion in M&A volumes in 2010, according to the Thomson Reuters full-year 2010 Mergers & Acquisitions review—an increase of 11% over 2009. [...] Mon, 17 Jan 2011 23:00:00 +0100 mergers and acquisitions Deals A new way to value M&A?

With US M&A still going strong both domestically and internationally, bias inherent in traditional valuation methods can lead to incorrect assumptions. Hence it is time to take a new approach to valuation. Or so say the authors of a new M&A methodology out in the Harvard Business Review.

Alexander van Putten— principal at Cameron & Associates and affiliate faculty member at the University of Pennsylvania's Wharton Business [...] Wed, 01 Dec 2010 23:00:00 +0100 valuation model mergers and acquisitions Finance Deals The link between compensation and successful M&A

Most mergers and acquisitions fail to meet the companies' original goals for the transaction. But it seems that one crucial factor contributing to success is the compensation and benefits programs the parties use.

That sounds a bit like a no brainer, but apparently, it's something many companies ignore.

In fact, according to a new study by Hewitt Associates of 103 companies around the world, there's a clear link between how compensation is handled for all managers, n [...] Tue, 05 Oct 2010 23:00:00 +0100 retention mergers and acquisitions compensation career/management Venture deals rebounding sharply

Liquidity is clearly improving in the venture capital market, making it easier for investors to cash out their investments.

During the third quarter, there were 111 venture-capital backed company exits, netting $6.4 billion. The number of exits rose by 11 percent while deal volume surged 70 percent compared to the same quarter a year ago, according to Dow Jones VentureSource.

Breaking down the source of deal-making, 102 venture-backed companies exited via a merger, acquisi [...] Thu, 30 Sep 2010 23:00:00 +0100 venture capital private equity mergers and acquisitions M&A; IPO initial public offering Dow Jones VentureSource Deals Latin America ripe with opportunities for direct investment

Latin American direct investment—both greenfield and M&A—continues to rise as companies from around the world take a look at the opportunities that the region holds.

The region is not only doing very well from a macro-economic perspective, but it is also experiencing strong domestic growth, strong trade growth, and boasts an experienced corporate executive class who have led the region’s businesses through the crisis with rela [...] Wed, 15 Sep 2010 23:00:00 +0100 Vale trade Risk Norsk Hydro mergers and acquisitions M&A; Latin America Heineken greenfield foreign direct investment Femsa Deals CNOOC Innovation may be threatened by declining start-up IPOs

It’s a trend that many may have noticed on some level, but few have actually pointed out. Fewer and fewer start-ups are aiming for an IPO. More and more the goal is to sell out to someone larger, who can move the company to the next level or bolt it onto their existing infrastructure.

However, venture capital available to start-ups and later-stage developments is continuing to grow at a rapi [...] Mon, 13 Sep 2010 23:00:00 +0100 venture capital VantagePoint startup Morgan Stanley Private Equity mergers and acquisitions IPO innovation Deals biztech GlaxoSmithKline hires M&A specialist for top finance job

GlaxoSmithKline (GSK) is taking on an M&A afficionado from Goldman Sachs to replace their retiring CFO, as they prep for the next wave of growth through acquisitions.

Simon Dingemans, head of Goldman Sach’s European mergers and acquisitions franchise, will take over the finance helm at the UK pharmaceuticals powerhouse—becoming CFO-designate in January and replacing retiring CFO Julian Heslop, who will end his term in March. Tue, 07 Sep 2010 23:00:00 +0100 mergers and acquisitions M&A; Goldman Sachs glaxosmithkline GE Deals Careers/Management Amersham BA-Iberia draw up an airline shopping list

British Airways (BA) will continue its acquisition streak after the completion of its merger with Iberia Airlines of Spain. Execs at the two companies have apparently been drawing up a shortlist of potential targets, according to Tuesday’s FT.

BA chief Willie Walsh let it be known that there are 12 names on the list—including both full-service carriers from diverse emerging economies and a few budget carriers as well. Mon, 06 Sep 2010 23:00:00 +0100 US Airways mergers and acquisitions Iberia Deals consolidation British Airways airlines Dukes flying in PotashCorp battle

Few people would have cared—or understood—three weeks ago if someone had said that potash is a hot commodity. But with Australia’s BHP Billiton and Canada’s PotashCorp in a dukes up, all out brawl right now for control of the Canadian fertilizer firm, potash—and the fertilizer industry—have taken on new significance.

On Tuesday they took the battle to fresh heights—or depths as the case may be—when [...] Tue, 31 Aug 2010 23:00:00 +0100 shareholder rights potash poison pill mergers and acquisitions M&A; Deals Canada australia HP, Dell throttle up in 3Par chase

HP and Dell on Friday continued their battle royale for 3Par, the data management and cloud computing firm. The deal is the latest in a long string of transactions this summer by big tech firms in their efforts to become even bigger—and move into territory now held by their competitors.

The battle has been raging since the start of last week, when Dell first put in an offer at $18 a share for all outstanding shares of the data storage firm [...] Thu, 26 Aug 2010 23:00:00 +0100 SAP mergers and acquisitions M&A; HP Google Dell Deals Leveraged loan market continues to grow

There are a number of leveraged loan deals in the works this month, and more in the pipeline for September. Companies that are shopping for acquisitions, and a number of private equity houses with LBOs in the works, are turning to the leveraged market for funding, and the market looks set to continue growing as autumn approaches.

Bankers will soon market a $1.5 billion term loan for the buyout of New York nutritional supplements maker NBTY by [...] Wed, 25 Aug 2010 23:00:00 +0100 mergers and acquisitions M&A; leveraged loan leveraged finance LBO Deals Fertilizer companies on top of the M&A heap

Canadian fertilizer company PotashCorp has rejected a $38.49 billion bid from BHP Billiton, of Australia, to purchase the company. The fertilizer market worldwide has been a hotbed of M&A activity for the past few months and BHP Billiton’s bid for PotashCorp of Saskatchewan is just the latest in a line of deals that have been making the headlines.

On Tuesday PotashCorp said that its board had rejected the offer from BHP—saying th [...] Mon, 16 Aug 2010 23:00:00 +0100 mergers and acquisitions M&A; fertilizer Deals commodities Cash VC fundraising at seven-year low

Venture capital fundraising in the US is at the lowest level in seven years and the likelihood that it will significantly increase in the next few years is slim.

Thirty eight US venture capital funds raised $1.9 billion in the second quarter of 2010, the worst three-month period since the third quarter of 2003, according to Thomson Reuters and the National Venture Capital Association.

It also marks a 49 percent decline, in dollar commitment, compared to the first quarter of 2 [...] Mon, 12 Jul 2010 23:00:00 +0100 venture capital Tax mergers and acquisitions IPO Deals Cash Aon bucks the trend toward corporate passivity

Not every company is sitting on its hands until the economy improves. Insurance giant Aon is taking on a significant amount of short-term debt to acquire Hewitt Consulting for $4.9 billion and spend on its brand to exploit new opportunities.

The Hewitt deal will help Aon get a firm foothold in human resources and benefits outsourcing, significantly increasing Aon's market share in this area and positioning the company to take on rival insurance broker and consulting big Marsh and [...] Sun, 11 Jul 2010 23:00:00 +0100 mergers and acquisitions insurance human resources debt Deals Credit consulting China simplifies investment for foreign funds

Last month, China's macroeconomic planning agency, the National Development and Reform Commission, said it was working on eliminating filing requirements for managers of small private equity funds.

It would facilitate investment for funds with less than C¥500 million ($73.8 million), including US funds, and potentially boost expansion of US portfolio companies into China.

But although it seems it is becoming easier to invest in China, as private equity matures in the count [...] Tue, 06 Jul 2010 23:00:00 +0100 private equity mergers and acquisitions due diligence Deals China Some signs of life in venture capital

The venture capital business is trying to battle back, but with mixed success.

On one hand, during the second quarter, 15 IPOs by venture-backed companies raised $899 million, up from just three offerings which raised $232 million in the same period last year, according to Dow Jones VentureSource.

"Venture-backed IPOs hitting double-digits for the first time since 2007 is promising, said Jessica Canning, global research director for Dow Jones VentureSource.

On [...] Wed, 30 Jun 2010 23:00:00 +0100 venture capital mergers and acquisitions IPO Dow Jones VentureSource Deals Smaller deals for private equity

Although many private equity firms are still in sell-off mode—as Marine Cole reported last week —those firms that are buying are doing smaller deals, which could be good news for the many companies looking to shed non-core assets as consolidation continues.

Of the deals being done, US private equity group TPG is the most recent, announcing last Friday that it would purchase UK fashion retailer Republic for £300 million ($445 m [...] Mon, 21 Jun 2010 23:00:00 +0100 spin-off private equity mergers and acquisitions management buyout Deals Cash Private equity selling off assets

The $1.3 billion acquisition of Bresnan Communications by Cablevision Monday is the latest instance of a private equity firm unloading a portfolio company, illustrating the rebound in PE activity over last year, especially with PE firms on the sellside of transactions.

It follows the $4 billion acquisition last week of Talecris Biotherapeutics, a portfolio company of Cerberus Capital Management, by Barcelona-based Grifols.

Providence Equity Partners has owned Bresnan sinc [...] Sun, 13 Jun 2010 23:00:00 +0100 private equity mergers and acquisitions IPO Deals LatAm eyes US acquisitions

A number of Latin American companies have been eyeing the US for acquisitions--with some big deals already completed and numerous companies looking to make use of their big balance sheets to buy US assets.

With restructuring and consolidation still the name of the game for many US firms, this could be positive news for US companies looking for buyers of their non-core assets.

Brazilian Petrochemical firm Braskem, for exam [...] Sun, 13 Jun 2010 23:00:00 +0100 Mexico mergers and acquisitions M&A; Latin America Deals Cash Brazil