Tag Archives: investment banking

As Canadian M&A Soars on Oil, Goldman Sachs Becomes Top Adviser, edging out JPMorgan Chase, Royal Bank of Canada, Barclays and Citigroup

Mergers and Acquisitions Conference 2015 New York City

Mergers and Acquisitions Conference 2015 New York City

Goldman Sachs was the top investment banking adviser on Canadian mergers and acquisitions in 2014, as oil and gas and cross-border deals drove takeovers to a seven-year high.

According to Bloomberg, Canadian firms were involved in $229 billion worth of transactions through Dec. 29, the highest annual tally since 2007 and up 45 percent from last year, according to data compiled by Bloomberg.

Goldman advised on $61.6 billion worth of those deals, its highest ever in Canada, and narrowly edging out JPMorgan Chase, which advised on transactions valued at $61.3 billion. Royal Bank of Canada slipped to third spot after three consecutive years at No. 1, while Barclays and Citigroup rounded out the top five. The figures and rankings are based on announced date and subject to change as more deals are recorded.

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The New York Times: As Hewlett-Packard and Compaq Show, Mergers and Acquisitions Cycle All About Buy, Divide and Conquer

In the fall of 2001, Hewlett-Packard announced a momentous $25 billion merger with Compaq, as commented by The New York Times.

“This is a decisive move that accelerates our strategy and positions us to win by offering even greater value to our customers and partners,” declared Carly Fiorina, HP’s chairwoman and chief executive at the time, describing how the deal would “create substantial share owner value.”

Thirteen years later, just this fall, Meg Whitman, HP’s current chairwoman and

Mergers and Acquisitions Conference 2015 New York City

Mergers and Acquisitions Conference 2015 New York City

chief executive, undid that deal, splitting the company in two. “It will provide each new company with the independence, focus, financial resources and flexibility they need to adapt quickly to market and customer dynamics.”

Eerily mirroring Ms. Fiorina’s words, she said the divorced companies “will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders.”

So which was the right decision? The merger or the spinoff?

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Business-focused Polsinelli adds M&A attorney to Century City firm

Century City law firm Polsinelli is boosting it Mergers and Acquisition arm with hot shot attorney Marc Leh joining the local office to add weight to the expanding company.

A member of the California Bar since 1986, Leh earned his law degree from UCLA Gould School of Law in 1986, and his B.A. in Economics from the University of Colorado-Boulder in 1982.

For the past 25 years, Leh has been involved in more than 250 merger and acquisition (M&A) transactions ranging in size from $10 million to more than $1 billion, according to Polsinelli.

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REFILE-M&A, US surge to drive corporate bond market in 2015

LONDON, Dec 17 (IFR) – M&A-related financing and a US borrower surge will be the biggest drivers in next year’s European corporate investment grade market, syndicate officials say.

Euro-denominated issuance in the sector this year totals EUR234.5bn, up almost EUR25bn from 2013, according to Thomson Reuters data. And while many market players expect issuance in 2015 to be roughly the same as this year’s bumper volume, cross-border and M&A influences could boost it further still.

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The M&A Outlook in the Middle East: A Look Back at 2014 and Beyond

The Megatrends in Mergers & Acquisitions conference held in October 2014 focused on the evolving M&A landscape, promoting inbound and outbound M&A in the Middle East, and general industry trends. Among the speakers at the event were Latham & Watkins partner Andrew Macklin, who moderated the global M&A outlook panel, and Latham counsel Christopher Lester, who moderated the value optimization panel.

In this lw.com interview, Macklin and Lester offer key takeaways from the conference, including how market trends in the Middle East compare to the global M&A outlook and how changes in regulatory regimes may impact the future of the market.

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Former M&A and Finance Editor Ken MacFadyen Joins BackBay Communications as Director

BOSTON–(BUSINESS WIRE)–BackBay Communications, a financial services-focused integrated branding, marketing, advertising and public relations firm, has hired Ken MacFadyen as Account Director.

At BackBay, Ken focuses on strategic communications, content development and media relations. Immediately prior to joining BackBay, Ken served as a speechwriter and communications specialist in the Office of the CEO at Panera Bread LLC, a $5 billion market cap national restaurant chain, and before that worked in the Global Communications/Investor Relations group of The TJX Companies, a $40 billion-plus market cap off-price retailer. Prior to his work in corporate communications, Ken spent over a decade in publishing, covering M&A, leveraged finance, private equity and other alternative asset categories. He served as the editor in chief at Mergers & Acquisitions and prior to that served in senior editorial roles at Investment Dealers’ Digest and Buyouts magazine. He holds a BA in English (Phi Beta Kappa) from The University of New Hampshire.

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Reading the M&A Tea Leaves

Few things can boost a company’s share price like a takeover bid.

Just ask PetSmart (NYSE: PETM) shareholders, who’ve watched the stock march higher since takeover speculation started swirling around the pet retailer five months ago.

The gains were capped by a 4.2% jump on Monday, after PetSmart agreed to an offer from private equity firm BC Partners. The $83.00-a-share bid represents a 39% premium over the stock’s closing price on July 2, the day before another private equity firm, Jana Partners, started leaning on PetSmart’s management to put up the “for sale” sign.

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