Financial Times M&A

NOVEMBER 6, 2023

Hedge fund boss tells EV specialist not to accept bid, which puts its enterprise value at €3bn, from competitor that has ‘missed the boat’

Hedge Funds 79

Hedge Funds Enterprise Values Bidding Funds 79

Private Equity Insights

MARCH 17, 2023

Bids from a member of the Qatari royal family and British industrialist Jim Ratcliffe have been deemed not high enough by the US’s Glazer family, which owns the club, according to the Financial Times. The Qatari offer was expected to value the company at about £4.5 Take Manchester United Plc. billion, the newspaper said.

Enterprise Values 130

Enterprise Values Private Equity Firms Private Equity Firms Bidding 130

Private Equity Wire

FEBRUARY 12, 2024

California-based hedge fund and activist shareholder Butler Hall Capital has issued an open letter to French skincare company L’Occitane, urging its board of directors to relist on a US exchange and reconsider the company’s valuation following news of Blackstone’s potential bid to acquire the business.

Capital 86

Capital Hedge Funds Enterprise Values Bidding 86

The Motley Fool

JANUARY 20, 2024

That's nearly half of MicroStrategy's current enterprise value of $9.7 Lastly, MicroStrategy's Bitcoin strategy seemed like a desperate 11th-hour bid that didn't meaningfully strengthen its core business. But its enterprise value is getting a bit overheated at 19 times this year's sales.

Enterprise Values 130

Enterprise Values Initial Public Offering Bidding Debt 130

The Motley Fool

JUNE 15, 2023

billion, and an enterprise value (which includes debt) of $4.7 The stock is also likely being bid up on excitement from Manchester United supporters, who have grown tired of the Glazers' ownership and are eager to see a deal get over the finish line.

New York Stock Exchange 130

New York Stock Exchange Enterprise Values Bidding Stock Exchanges 130

The Motley Fool

JULY 17, 2023

Between these two options, companies looking to promote a product or service can either bid to have their promotion show up under popular search terms or run a visual advertisement across other websites and pay when someone clicks on it. It does this in a number of ways, but the two most popular are search ads and display ads.

Enterprise Values 245

Enterprise Values Bidding Investors Companies 245

The Motley Fool

JULY 28, 2023

So it wasn't all that surprising when Chevron made a bid to buy Permian exploration and production (E&P) company Anadarko Petroleum for $65 per share later that year. However, Occidental Petroleum (NYSE: OXY) , another E&P, outbid Chevron, offering $76 per share, or 17% more than Chevron's bid.

Bidding 130

Bidding Debt Enterprise Values Shareholders 130

The Motley Fool

AUGUST 11, 2023

The technology-platform provider for K-12 education in Latin America agreed to go private in response to a higher bid from a group of private equity investors. The deal values Arco at $1.5 billion in terms of enterprise value, and Arco shareholders will receive $14 per share in cash for their stock.

Mergers and Acquisitions 130

Mergers and Acquisitions Education Enterprise Values Bidding 130

The Motley Fool

AUGUST 10, 2023

The parent company of Michael Kors got a buyout bid from fellow luxury fashion company Tapestry (NYSE: TPR) , which is the parent of Coach. The deal assigns an enterprise value of $8.5 Tapestry looks to Capri for the perfect ensemble Shares of Capri Holdings soared 58% shortly after the open on Thursday morning.

Mergers and Acquisitions 130

Mergers and Acquisitions Buyout Enterprise Values Bidding 130

The Motley Fool

JANUARY 5, 2024

Drilling down into the deal APA Corporation is buying Callon Petroleum in an all-stock deal valued at $4.5 The merger will create a much larger oil company with a total enterprise value of more than $21 billion and combined production of over 500,000 barrels of oil equivalent per day (BOE/D).

Mergers and Acquisitions 130

Mergers and Acquisitions Enterprise Values Bidding Debt 130

The Motley Fool

JANUARY 16, 2024

Those bids suggest Zoom is desperate to inorganically expand its ecosystem to lock in its customers and widen its moat. It could also bundle its video conferencing and advertising plans for its enterprise customers. Zoom tried to buy the cloud-based contact center company Five9 for $14.7

Initial Public Offering 130

Initial Public Offering Enterprise Values Buyout Bidding 130

The Motley Fool

JANUARY 5, 2024

Rivian gained a lot of attention when it went public in November 2021 because it was already ramping up its production, it was backed by Amazon and Ford Motor Company , and the bulls were aggressively bidding growth and meme stocks to astronomical valuations. At its all-time high of $172.01

Initial Public Offering 130

Initial Public Offering Enterprise Values Bidding Debt 130

The Motley Fool

JULY 28, 2023

As more and more shoppers continue to go through Amazon, third-party sellers will bid to promote their products. At Alphabet's current enterprise value to free-cash-flow multiple of just 22x, I think investors today are getting one of the best digital businesses in the world at a bargain price.

Enterprise Values 130

Enterprise Values Bidding Accounting Companies 130

The Motley Fool

AUGUST 29, 2023

25 amid reports that it had received a takeover bid from the private equity firm Veritas Capital. With an enterprise value of $3 billion, BlackBerry is valued at less than 4 times this year's sales. BlackBerry 's (NYSE: BB) stock soared 18% on Aug. Will BlackBerry be acquired?

Private Equity Firms 130

Private Equity Firms Private Equity Firms Enterprise Values Bidding 130

The Motley Fool

JUNE 26, 2023

The problem is when you factor in debt and cash, this results in an enterprise value-to-FCF valuation of 22.4 The problem with L3Harris So, here's the problem for L3Harris investors in a nutshell: On the one hand, the stock doesn't look too awfully expensive at a 22 times valuation (whether valued on earnings or FCF -- take your pick).

Mergers and Acquisitions 130

Mergers and Acquisitions Enterprise Values Bidding Debt 130

The Motley Fool

FEBRUARY 7, 2024

We are able to unlock up to three to four times more enterprise value when we engage members in more than one CVS Health business. I wanted to ask about the 2025 bidding strategy. And so, we'll be contemplating that as we think about our bids. I'll turn it over to Brian. Brian Kane -- President, Aetna Yes. Good morning.

Bidding 100

Bidding Assets Capital Enterprise Values 100

Pension Pulse

JULY 27, 2023

It’s a positive outcome for Ireland and for the National Lottery that FDJ, a long-established operator of the French lottery has been successful in its bid," said An Post CEO and National Lottery Director, David McRedmond. FDJ acquires the entire capital of this company for an enterprise value of 350 million euros.

Pension Funds 52

Pension Funds Bidding Stakes Best Practices 52

This is going to be BIG.

JULY 30, 2015

Thirty deals, 13 exits, 17 wipeouts--and roughly a billion dollars of total enterprise value generated. So, if that was the case, and the market was competitive, why wouldn't each VC be bidding up a round up until the point where they could get the return that matches their own cost of capital?

Venture Capital 167

Venture Capital Returns Capital Enterprise Values 167

The Motley Fool

MARCH 27, 2024

Baidu is trading at an enterprise value that's 1.3 I just want to illustrate how cheap Baidu is when you can buy it for 9 times trailing adjusted earnings and an enterprise value that is just 1.3 However, if just some of its next-gen technologies start to pay off, it's easy to see global investors bidding Baidu up again.

Enterprise Values 130

Enterprise Values Bidding Financing Finance 130

Pension Pulse

SEPTEMBER 5, 2023

The deal gives 7IM an enterprise value of about £450mn, according to people familiar with the matter. The deal values the UK wealth manager at roughly £450m, according to a source familiar with the situation. The move by OTPP comes as wealth and asset managers are bulking up amid rising costs and downward pressure on fees.

Stakes 59

Stakes Asset Management Financial Services Assets 59

Axial

SEPTEMBER 28, 2023

In 2022, Axial launched The Winning LOI series , a bi-monthly publication that surfaces the winning bids of Axial-sourced transactions, with a focus on key deal terms, including financials, multiples, earn-out structures, and deal-specific diligence requirements.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Investment Banking Investment Banks 52

The Motley Fool

FEBRUARY 12, 2024

But they do seem to be reacting positively to the ad, and bidding up the shares modestly on hopes the additional exposure will bring in lots of new U.S. billion more cash than debt on its balance sheet, lowering its enterprise value (EV) to about $144 billion. But the company generated $11.4 The company furthermore boasts $25.5

Enterprise Values 130

Enterprise Values Bidding Debt Returns 130

Private Equity Insights

JULY 17, 2023

Augment, in its bid to shift from a product-centric to a client-centric approach, offers more than just reinsurance. It provides a diverse array of strategic tools, ranging from prospective reinsurance to retrospective capital and legacy structures, all designed to boost enterprise value and manage volatility.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Funds Enterprise Values 130

Private Equity Insights

JULY 17, 2023

Augment, in its bid to shift from a product-centric to a client-centric approach, offers more than just reinsurance. It provides a diverse array of strategic tools, ranging from prospective reinsurance to retrospective capital and legacy structures, all designed to boost enterprise value and manage volatility.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Capital Funds 130

Advent International

APRIL 1, 2024

on the Nasdaq Global Select Market on March 15, 2024, and a premium of approximately 48% over Nuvei’s 90-day volume weighted average trading price [1] as of such date, valuing Nuvei at an enterprise value of approximately US$6.3 The Company will continue to be based in Montreal.

Securities and Exchange Commission (SEC) 52

Securities and Exchange Commission (SEC) Shareholders Legal Bidding 52

Advent International

APRIL 1, 2024

on the Nasdaq Global Select Market on March 15, 2024, and a premium of approximately 48% over Nuvei’s 90-day volume weighted average trading price [1] as of such date, valuing Nuvei at an enterprise value of approximately US$6.3 The Company will continue to be based in Montreal.

Securities and Exchange Commission (SEC) 40

Securities and Exchange Commission (SEC) Shareholders Legal Bidding 40

The Big Picture

MARCH 20, 2024

But one of the models that we found that actually performed really well over a variety of market cycles was essentially buying cheap stocks as measured by things like price to cash flow, EBITDA to enterprise value, etc., You talked about price to sales ratio; You talked about EBITDA to enterprise value.

Investing 61

Investing Enterprise Values Bidding Venture Capital 61

The Big Picture

JANUARY 24, 2023

In the history of our private equity effort, we’ve generated over $70 billion of enterprise value gains without one missed interest payment, and added over 61,000 jobs without one missed interest payment. And then when we decided not to bid at 90, it eventually went up to, you know, 111 or something like that.

Leveraged Buyouts 103

Leveraged Buyouts Private Equity Firms Private Equity Firms Mergers and Acquisitions 103

Diamond Consultants

DECEMBER 20, 2022

We saw a handful of firms – UBS and RBC, in particular – go beyond their peers with uber-aggressive offers attached to a drop-dead join date as they bid for the industry’s best talent and, so far, it’s a strategy that paid off handsomely. That is, every advisor will have the opportunity to maximize their career enterprise value.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Enterprise Values Banks 59

The Motley Fool

FEBRUARY 5, 2024

We haven't made deals on those just because bid and the ask has been, you know, too great. David Simon -- Chairman, President, and Chief Executive Officer Yeah, remember, that -- that was enterprise value. They have some debt, so that was an equity value. So, we'll see how that evolves.

Assets 130

Assets Portfolios Enterprise Values Capital 130

Axial

NOVEMBER 9, 2023

Over the past 10 years, we have been responsible for deploying over $1 billion of equity capital, representing enterprise values of over $5 billion. DPC targets companies with enterprise values of up to $500 million.” We seek to acquire family-owned and entrepreneur-owned businesses.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Mergers and Acquisitions Investment Horizon 52

The Motley Fool

FEBRUARY 14, 2024

Our total debt to enterprise value was approximately 27%, while our fixed charge coverage ratio, which includes principal amortization and the preferred dividend, is in a very healthy position at five times. Excluding the impact of unsettled forward equity, our net debt to recurring EBITDA was 4.7 And so, duration equals risk.

Debt 130

Debt Banks Capital Leveraging 130

The Motley Fool

AUGUST 4, 2023

with an enterprise value of $200 million. Today, we have 60,000 some built geographically and product diverse apartments with a value of $15.5 Today, there really isn't a lot of great opportunities just given the bid ask spread between buyers and sellers. So here we go with 30 years in two minutes and 30 seconds.

Debt 100

Debt Taxes Banks Capital 100

The Big Picture

SEPTEMBER 26, 2023

There would’ve been no bid. And the equity checks being written by these private equity firms are larger than they’ve ever been as well, greater than 50% usually of the enterprise value of the transaction that they’re, they’re taking on that, [ Ritholtz 00:14:56 That, that’s big.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

The Motley Fool

AUGUST 9, 2023

We hope to continue to be a strong contender for the currently active procurement of the multiyear contract for these services, which presently remains under bid protests. We hope to continue to be a strong contender for the currently active procurement of a multiyear contract for these services, which presently remain under bid protests.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Legal Capital 130

The Motley Fool

NOVEMBER 7, 2023

The multi-year procurement for these services remains under bid protest, and we hope to continue to be a strong contender for a long-term contract award in the future. This increase was primarily driven by our new emergency contract to provide air operations in support for ICE. Moving to our state government agency partners.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Debt Legal Capital 100