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M&A Deals

Kraft Heinz sells nuts business to Hormel Foods for $3.35bn

On February 11th 2021, Kraft Heinz agreed to sell its Planters peanuts and snacks business to rival Hormel Foods, owner of Spam, for $3.35bn in an all-cash deal. The transaction, expected to close in the first half of this year, follows Kraft Heinz’s $3.2bn sale of its cheese business to […]

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Capital Markets

Bumble IPO: Worth the Buzz?

Matchmaking is a lucrative business. On January 15th 2021, Bumble — the women-centric dating app — filed for its initial public offering (IPO). This filing is set to be yet another successful listing in the booming US consumer tech-led IPO market. Despite Bumble’s niche user base and growing popularity within […]

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M&A Deals

Financial data giant S&P Global acquires IHS Markit for $44bn

On November 30 2020, financial data provider S&P Global decided to buy financial analytics company IHS Markit for $44bn. The deal will create a financial data and analytics giant, well-positioned to compete with Bloomberg — the current market-leader in the financial data provider space. The takeover follows a series of […]

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M&A Deals Market Trends

Intact and Tryg £7.2bn bid to take over UK insurer RSA

This month, Canada’s Intact Financial and Denmark’s Tryg made a joint bid to acquire RSA, a 300-year-old UK insurance firm, for £7.2bn. The deal follows a growing trend towards UK insurers being bought by overseas rivals; Finnish insurer Sampo and South Africa’s Rand Merchant acquired Hastings this year for £1.7bn. […]

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M&A Deals

Conoco-Concho Deal: Striking Oil

Given the recent crash in oil prices this April, it may come as a surprise that on October 19th, ConocoPhillips — the world’s largest independent oil producer — decided to acquire Concho Resources, a US shale oil producer, in a deal worth $9.7bn. However, it could be argued that consolidation […]

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Capital Markets Market Trends

Fallen Angels: Heaven or Hell?

Much like the angels cast out of heaven according to Judeo-Christian doctrine, fallen angels are high-yield corporate bonds that, at the time of issue, were deemed to be investment grade, but have subsequently been downgraded to sub-investment grade. Considering the current low interest rate environment, and since high-yield bond spreads […]