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M&A Deals

Okta acquires cloud identity platform Auth0 for $6.5bn

As organisations continue to transition to online working and shift towards cloud computing, it is imperative to invest in robust identity verification systems to help protect against cyber attacks. It is no wonder, then, that the total addressable market for cyber identity management is estimated to be $55bn. On March […]

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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 […]