Reasons to be cheerful - Middle Eastern M&A

Against a backdrop of political stability in the region, M&A activity in the Middle East goes from strength-to-strength, according to data from Zephyr.

Is private equity getting its second wind?

Is it too soon to hope for a return of the big-value buyouts? Deal data from Zephyr shows that the private equity sector has some colour in its cheeks again.

Forget the Year of the Dragon – 2012 is the Year of the Facebook

Facebook’s IPO aims to raise USD 5,000 million – compared to the USD 1,700 million raised by Google in 2004, which at the time set a record.

Australia strikes gold with Chinese investors in January

Chinese investment in the Australian mining sector got off to a flying start in January 2012, with seven deals worth a combined USD 1,203 million. The figure equates to over a third of the USD 3,320 million buyers from the Peoples' Republic - plus countries such as Bermuda, where many Chinese companies are incorporated - spent on targets in the industry across the whole of last year.

Dealmaking amid the debt crisis

The sovereign debt crisis in Europe slowed global dealmaking activity in the second half of 2011 to levels not seen since 2004 but while uncertainty prevails, there are still opportunities for those with the cash.

Groupon and co: A year in deals

Daily deal websites have made a real impact on the dealmaking and capital markets scenes in 2011, from industry leader Groupon’s flotation on Nasdaq to M&A interest in its smaller rivals.

Let’s call the whole thing off

This week Abbott Laboratories was the latest in a line of multinationals announcing break-up plans in an attempt to win favour with Wall Street investors.

A hostile few quarters

Recent months have seen a number of companies announce hostile or unsolicited takeovers. Indeed, the third quarter of 2011 may not have ended, but with 14 such transactions already reported it is the busiest quarter in two years.

German M&A heats up

Germany’s largest steel manufacturer ThyssenKrupp may have announced the highest value deal in July, unveiling plans to launch a share sale worth an estimated EUR 1,730 million in the equity markets in order to pay down debt, but the largest M&A deal targeting a Germany-based company involved RWE dumping a majority stake in its local power network subsidiary Amprion.

Middle East outlook

The Middle East is losing out to heightened dealmaking activity in South America. However, deal values in the region have not taken the dip that could have been expected given the level of political uncertainly emerging in 2011.

Companies pursue growth, hit the acquisition trail

At first blush it appears that a new month may have kick started a new M&A drive by a number of companies looking to accelerate growth, boost annual sales and roll out expansion in high growth markets.

Mid-market US restaurants on investor menu

The largest global deal of April 2011 so far came from France where Vodafone announced it has agreed to sell a 44 per cent stake in domestic mobile service provider Société Française de Radiotéléphone to Vivendi for around USD 11,316 million, according to Zephyr, the M&A database.

US discount stores: three to watch

Private equity houses are circling discount chain operators Big Lots, Family Dollar and 99 Cents Only Stores in the hope of snapping up a sector bargain after the worst US recession in recent memory drove cash-strapped consumers to shop for lower-priced goods.

Mid-February deal snapshot

The long-awaited acquisition of US biotechnology group Genzyme by the French pharmaceutical giant Sanofi-Aventis finally arrived in February, with the European Commission and the US Federal Trade Commission giving the takeover – one of the largest global M&A deals in recent years – a green light on 16th February.

Hotel industry: bang or bust in 2011?

The global hotel industry may look like it is on the way to recovery but there are still thorns among the roses as some hotel operators, which have taken a beating during the downturn, are faced with foreclosure or bankruptcy.

Will M&A value return to Canada in 2011?

Is 2011 the year which will herald a resurgence of larger value transactions targeting companies based in Canada?

 

Corporate raiders: a review of 2010’s hostile and unsolicited takeovers

A number of high value hostile takeovers in 2010 have kept corporate raiders in the headlines throughout the year. It is investments offering steady, non-cyclical returns that are the most frequent targets of high value hostile bids.

Australian minerals and energy sector buoyed by increasing demand

Economies such as Brazil, Russia, India and China may be battling it out between themselves to claim victory as a leading growth region but, according to a report by the Australian Bureau of Agriculture and Resource Economics and the Bureau of Rural Sciences (Abare-BRS), Australia remains a prime investment destination with the value of domestic minerals and energy projects at an advanced stage of development rising to a record high of AUD 133 billion at the end of October 2010.

Look sideways for green shoots, and observe crisis veterans

A side effect of the global downturn has been that companies, which once enjoyed strong revenues from robust industries, are being forced look elsewhere for growth.

One to watch: food industry M&A

The food industry has been an important target of M&A activity so far in 2010, both among financial buyers looking for consistent revenues and producers trying to secure raw material supplies ahead of expected shortages.

Hong Kong IPO market heats up

There are a number of stocks to watch over the coming months as the initial public offering (IPO) market in Hong Kong heats up with several companies waiting in the wings to tap Asian investors for cash.

International eyes on Brazil

Brazil’s hosting of the 2014 World Cup and the Olympic Games in 2016 has sparked a wide range of M&A interest in the country – from advertising to airport security. No doubt this will accelerate over the coming months and years.

Australian wheat market in Agrium crosshairs

Australian wheat draws international interest amid worries over global supplies.

New Thai budget carrier to set the cat among the pigeons

In a hurried press conference this morning, Thai Airways and Singapore’s Tiger Airways announced a major development for the world’s largest aviation market. The pair are to establish a low-cost carrier (LCC) based in Bangkok, allowing Thai Airways to effectively compete in the budget segment at south-east Asia’s busiest airport – and in so-doing they could change the shape of air travel in the region.

Oil and gas players to watch

The oil and gas sector has made headline news in recent weeks, barring BP and the expensive and environmentally disastrous Gulf of Mexico incident. Shares in Dana Petroleum soared by as much as 23 per cent on 2nd July on news Korea National Oil Corporation is in talks to take over the British FTSE 250 oil and gas explorer which owns fields in the North Sea, Egypt and Morocco.

Strong and steady may win the race

The first half of 2010 was another difficult six months for M&A and private equity, and Zephyr data suggested total global M&A value reached its lowest point since 2004. However, some sectors witnessed sharp gains in deal value against the lows. Certain investment darlings are emerging and these are not the distressed assets that have been suggested.

Will emerging markets provide a PE upsurge?

When Bridgepoint Capital agreed to sell UK pet store chain Pets at Home to Kohlberg Kravis Roberts for USD 1,542 million in January, many heralded the return of private equity. There have since been 11 leveraged deals worth over USD 1,000 million announced or completed but the question of how private equity will adapt to the post-Lehman M&A arena still remains.

Is now the time to turn to renewable energy?

The disastrous Gulf of Mexico oil spill crisis, which threatens to become an unparalleled environmental disaster, highlights the need for the world to turn to the cleantech sector. As engineers battle to plug an out-of-control BP oil well, president Barack Obama calls for an overhaul of the US energy policy.

2009

There were no Features published in 2009.