Corporate - United States archive

Month

Channel correspondent


Deal analysis

  • Recent M&A good news for Europe’s cannabis market

    12 June 2019

    Despite a lack of regulatory clarity, medicinal cannabis continues to engage investors looking for diversification

  • DEAL: CVS’ proposed $69 billion acquisition of Aetna

    13 December 2017

    The US pharmacy company has agreed a large breakup fee should the deal fall through, suggesting confidence that it will proceed unscathed

  • GrubHub acquires LA Bite in consolidation wave

    06 May 2016

    The $100 million acquisition is a sign the US food delivery industry is becoming more reactive

  • RadioShack’s bankruptcy saga

    30 June 2015

    After selling its best asset, the electronics retail chain enters liquidation

  • DTEK shifts high-yield restructuring options

    20 May 2015

    A Ukrainian company’s successful restructuring of its high-yield bonds could further boost UK schemes of arrangement as a viable alternative to the US Chapter 11 process

  • LDK Solar’s ChinaCo restructuring lessons

    16 December 2014

    The Chinese company's US Bankruptcy Court-approved prepack completed last week. It serves valuable lessons for other ChinaCos looking to restructure offshore debt

  • Charitable giving shapes Bain/Toms JV structure

    23 September 2014

    Bain Capital’s acquisition of 50% of socially-conscious Toms Shoes demonstrates how charitable giving can be built into a corporate structure

  • US cramdown threatens secured lenders

    09 September 2014

    A ruling in MPM Silicones’ Chapter 11 proceedings could be detrimental to the amount secured lenders in future reorganisations can expect to be repaid

  • Boutique PE's new fundraising option

    06 May 2014

    Arle Capital’s recent deal-by-deal fundraising is an example of European general partners experimenting with more bespoke fund strategies, blurring the boundaries between private equity and club-style equity funding

  • Men’s Wearhouse – Jos A. Bank: the benefits of aggression

    21 April 2014

    The acquisition by Men’s Wearhouse of Jos A. Bank succeeded because of the aggressive stances taken by the two companies and their mutual activist investor

  • American Airlines restructure explained

    15 January 2014

    American Airlines’ emergence from Chapter 11 protection in December, via its merger with US Airways, was the first time a major airline bankruptcy has ended with a return on equity for its shareholders

  • Élan: Ireland’s hostile takeover milestone

    15 January 2014

    The December sale of biotech firm Élan to Perrigo brought to an end one of last year’s most watched hostile takeover sagas, and has revealed the Irish Takeover Panel’s unwavering approach to its rules

  • Shuanghui-Smithfield merger explained

    23 October 2013

    Shuanghui’s $4.7 billion acquisition of US pork processor Smithfield, the largest Chinese takeover of a US company, could signal a shift in the countries' FDI relations

  • Distressed asset sales: a best practice guide

    08 October 2013

    Lawyers at this week's IBA annual conference have outlined how best to complete successful M&A deals involving distressed assets

  • Dell LBO analysed

    26 September 2013

    The $24.9 billion leverage buyout of the US IT company by its founder Michael Dell and Silver Lake Management, completed in September following months of negotiations. The deal helped highlight issues relating to ‘empty voting’

  • Verizon’s landmark bond and buyout explained

    20 September 2013

    Verizon Communications' $49 billion bond issuance was the largest corporate bond sale in history. Here's how it could influence future corporate bond offerings from other well-established companies

  • How SoftBank/Sprint overcame rating uncertainty - UPDATE

    06 August 2013

    SoftBank’s financing of its acquisition of Sprint Nextel, which closed yesterday, set a precedent as a quasi-high-yield Japanese credit

  • Vietnam property deal highlights new Asian PE model

    30 July 2013

    EXS Capital's $37 million investment into Vietnamese real-estate developer Son Kim Land promises a new paradigm for private equity firms looking to do deals in Asia's emerging markets

  • Arden fund creates new alternative investment model

    12 February 2013

    The Arden Alternative Strategies Fund represents a new investment model that is potentially more responsive to events and changing markets than other mutual funds

  • PE securitisation eliminates pier loan threat

    22 November 2012

    Last month's acquisition of a Bank of America business was funded by securitising the target’s receivables, and without a bridge loan. It could signal the beginning of new acquisition finance options

  • How Cnooc’s bid was structured for foreign investment approval

    20 September 2012

    Nexen investors hope Cnooc does not suffer the fate as BHP Billiton, whose bid for Potash was blocked under the Investment Canada Act in November 2010. Cnooc’s arrangement agreement is thought to give it a good shot at approval

  • LATAM Airlines exchange offer explained

    28 June 2012

    The cross-border nature of the $3.3 billion exchange offer that combined TAM Airlines and LAN Airlines complicated the transaction, and an agglomeration of regulatory approvals slowed things down.

  • Two-step mergers grow with Brazil deal

    09 January 2012

    Brazil’s first mid-market investment into the US has used the increasingly popular top-up option to close the two-step merger

  • Implications of AT&T/T-Mobile antitrust case revealed

    08 September 2011

    The lawsuit filed by the DoJ last week to block AT&T’s acquisition of T-Mobile caught the corporate sector by surprise. Here, US antitrust attorneys have their say on the case

  • Federal Reserve’s struggle with transformational mergers

    25 February 2011

    Northeast Bancorp’s merger is a warning of the lengths now needed to obtain Federal Reserve Board (FRB) approval for transformational bank mergers.

  • First bankruptcy sale of US bank

    11 February 2011

    The sale of AmWest used a novel sale structure that avoids the target being placed into receivership. The deal could have set the groundwork for bigger bank sales

  • Aker/Jacobs reveals M&A shifts

    09 February 2011

    Jacobs Engineering’s acquisition of Aker Solutions’ core process and construction businesses for $675 million signals adjustments in European and US transactions

  • Pre-sale spinout to ease antitrust hurdles

    09 January 2011

    The merger of the US’s dominant electronic payment businesses contemplates a pre-sale divesture to ease antitrust concerns

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