M&A Tag

There has been a 54% year-on-year increase in the value of M&A activity targeted on the BRIC countries of Brazil, Russia, India and China in 2014 with announced deals valued at US$79.5bn so far this year – the highest YTD volume since 2011’s US$91.3bn –...

The suggestion that China is about to start privatising large chunks of its giant state-owned enterprises is certain to pique the interest of international investors, although the devil – as always – will be in the detail. It was the decision of the Government of Beijing...

Predictions made by research group CCS Insight suggest that unprecedented M&A activity over the next two years will transform the telecoms and technology sectors. Ranging from Orange merging with Deutsche Telekom to Yahoo considering buying Flipboard and Pinterest next year, the predictions foresee a small number...

The US$2.6bn sale by Petrobras of its Peruvian interests to PetroChina confirms the growing extent to which the financially stretched state-run Brazilian oil company is coming to depend on the Chinese for cash. The deal comes less than a month after PetroChina’s CNPC parent and the...

Wood Group has agreed to acquire Elkhorn Holdings, the Wyoming-based company that offers a range of construction services for midstream oil and gas facilities, in a deal thought to be worth around US$200m that will increase the global service giant’s exposure to the booming US shale...

Shares in the social housing company Mears Group have risen by more than 3% in initial trading, following an encouraging trading update, accompanied by news of the disposal of its problematic mechanical & electrical (M&E) subsidiary, Haydon, to a newly-created management vehicle. The business has been...

The highly acquisitive UK courier City Sprint has announced its fifth acquisition this year and its thirteenth since it was backed by Dunedin in 2010, with the purchase of Dash-It for an undisclosed sum, understood to be around £4m (US$6.4m). Southampton-based Dash-it operates from 10 depots...

Liberty Global’s sale of most of its Chellomedia content business to AMC Networks for an enterprise value of US$1.035bn has set in motion another wave of speculation about larger potential deals in the telecoms market. Chellomedia provides content to around 360m customers in 138 countries, and...

McKesson’s US$8.3bn takeover bid for German rival Celesio is further evidence that the historical US domination of the global pharmaceutical industry is continuing to decline – a development that is likely to spur more corporate activity in the distribution side of the business. The merger of...