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M&A Deals Market Trends Macroeconomic News

M&A Activity in China

With my time as CIBS Research Group Director coming to an end, I thought the most fitting way to write my last article would be to reflect back on my first. 2021 has marked the busiest-ever start to a year for M&A activity in China, with a record pace of […]

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M&A Deals

Archer takes aim: Atlas Crest Merger

Last month, Atlas Crest Investment Corp., chaired by founder of Moelis & Company Ken Moelis, agreed to merge with electric aircraft company Archer Aviation, in a deal that values the company at around $3.8bn. Despite Archer having not generated any revenues or created a commercially viable product as of yet, […]

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Capital Markets

Origin Markets: An Hour With Raja Palaniappan

A fortnight ago, I had the pleasure of speaking to Raja Palaniappan, CEO of Origin Markets. Origin Markets is one of the hottest fintech start-ups operating out of London, the fintech capital of the world. The hour spent with Raja provided a unique insight as to his inspiration behind the […]

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Market Trends Macroeconomic News

UK Financial Services Post-Brexit

With the start of 2021 ushering in a new era for Britain, having left the EU’s single market, the agreed trade deal continues to be debated and questioned. But with a deal on financial services to be negotiated separately in the coming months, there is uncertainty surrounding the sector which […]

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Capital Markets Equity Research

Rolling in the deep

With the COVID-19 pandemic severely disrupting the travel industry, aero-engine giant Rolls-Royce is experiencing a period unlike any other in its long history. In order to combat the cash flow issues that are being faced by many across the industry, and the economy for that matter, Rolls-Royce have taken steps […]

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M&A Deals

The TikTok deal: hardly clockwork

ByteDance has reached a preliminary “technical partnership” agreement with Oracle for the US operations of TikTok. Oracle announced it had brokered the deal on September 14th, with plans to address US national security concerns over Chinese ownership of TikTok. These developments follow a prolonged bidding process which saw Oracle face […]

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Equity Research

The travel Saga

Saga, the UK over 50s travel and insurance specialist, is set to raise £150m in equity capital in order to combat the negative impacts of COVID-19. A turbulent year for the travel industry has seen Saga’s share price drop 75% since the start of 2020. Through the equity raise, Saga […]

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M&A Deals

La fusión: Bankia and CaixaBank proposed merger

Spanish lenders Bankia and CaixaBank have recently been involved in merger talks, with a proposed €17bn all-share merger set to be the largest in the financial sector for years. This proposed merger would result in a new entity with a combined market capitalisation of €16.6bn. Investors reacted optimistically to the […]

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Capital Markets

Import-Ant public listing: Ant Group IPO

Ant Group, formerly Ant Financial, has this week filed for an IPO that may raise a record $30bn, in what would be the biggest IPO in history, usurping the Saudi Aramco IPO which raised $29.4bn in 2019. With terms still very much to be confirmed, the Chinese technology services company […]

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Market Trends Macroeconomic News

The divide: Wall Street vs Main Street

The disconnect between the stock market and the real economy, particularly in the US, has been evident throughout the coronavirus pandemic. Between February 19th and March 23rd, the S&P 500 benchmark lost a third of its value, with investors selling shares as the COVID-19 pandemic escalated in Asia and Europe. […]

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Capital Markets Market Trends

The blank-cheque boom

Special purpose acquisition companies, otherwise known as SPACs, have emerged as one of the hottest trends on US equity markets in the last few years. They exist as an alternative to initial public offerings and public markets for private companies. A SPAC aims to acquire a private company in order […]

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Capital Markets Macroeconomic News

Sovereign debt restructuring: Argentina

This week, Argentina reached an agreement with creditors for a restructuring of $65bn in foreign bonds. This grants significant debt relief to Latin America’s third largest economy, allowing Argentina to focus on economic recovery, necessary even before the economic impact of COVID-19, and taming excessively high levels of inflation. This […]

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Capital Markets

SAP publicly listing Qualtrics

German software group SAP announced on Sunday that they intend on publicly listing Qualtrics, an online survey business. The partial IPO will float the company just two years after SAP acquired Qualtrics for $8bn. This unexpected move is designed to optimise the autonomy of Qualtrics and allow the expertise of […]

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Macroeconomic News

Sino-Western relations and the impact on global M&A activity

With the recent exclusion of Huawei from the 5G network by the UK government and the strong rhetoric from the US, tensions between China and the West are at an all-time high. This week’s closing of the PRC Consulate in Houston follows new national security laws imposed in Hong Kong, […]