MERGERS & ACQUISITIONS

Can Investors Benefit from Asset Management Deals?

If the last few years have been a period of high M&A activity in the asset management industry; 2017 appears as the year when fund management firms also started to merge and acquire with a different strategy. Indeed, we observed fewer deals than during the previous year but at a much higher cost. So far 2018 is following the same trend. How can we explain this high number of deals? Is the industry getting more intensely competitive? Do these deals benefit the investors?

Coca-Cola Challenges Starbucks by Buying Costa Coffee

Coca-Cola decided to march into the world of coffee by acquiring Costa Coffee in September 2018 to diversify its products. In order to compete with Starbucks, Coca-Cola offered more than 4 billion euros for the chain of British coffee Costa.

Givaudan Acquires Minority Stake of Naturex

Givaudan Acquires Minority Stake of Naturex Download PDF  “Flavors and fragrances are essential components of different consumer goods and packaged foods. Natural and synthetic essence compositions make the cool mint flavor of toothpaste, the cinnamon aroma of pumpkin...

Kraft Heinz: when desperate times call for desperate measures.

Kraft Heinz: when desperate times call for desperate measures Download PDF  Kraft and Unilever: a union that makes sense From meals to household chores, we can do everything in a house with Kraft Heinz and Unilever. The two giants must have come to the same conclusion...

Where are you growth?

Last weekend, I booked a trip to Croatia for my summer holidays. With new technologies, everything goes so fast and, especially, it has never been so easy to travel. I used the well-known website: Airbnb. I was able to rent the flat of an individual for a much better...

Reframing M&A potential in the Agrochemicals Industry

Reframing M&A potential in the Agrochemicals Industry Download PDF  "All that glitter isn't gold. It's glyphosate." In 2018, this chemical component generated billions of dollars in revenues for Monsanto and other companies, aiming at helping farmers in food...

The Disposition Effect

The Disposition Effect  Download PDF  In an efficient market, of course, the disposition effect should not be present; the price paid for the asset is a sunk cost by the time of sale. However, the field of behavioral finance has proven many times that it was false: we...

The Prospect Theory

The Prospect Theory Open PDF =>    The prospect theory was developed by Daniel Kahneman and Amos Tversky between 1979 and 1992. They showed how human decisions depart from those predicted by standard economic theory in decision-making under uncertainty. The...

Microsoft’s interest in Electronic Arts

Microsoft’s interest in Electronic Arts Download PDF  "A game is an opportunity to focus our energy, with relentless optimism, at something we’re good at (or getting better at) and enjoy. In other words, gameplay is the direct emotional opposite of depression.” -...

Disney and 21st Century Fox: a reshape of the media industry?

“The Mouse gets the Fox”, ironically titled The Economist after the announcement of the acquisition of 21st Century Fox’s asset in a $54.2bn deal. This “deal of the decade” is supposed to change the dynamics of Hollywood. It demonstrates how quickly the industry is...