M&A in the News

Expert insight and analysis on recent deals in the news.

Sugar is not so sweet anymore. Blamed for making people sick and causing obesity, consumers are turning to healthier options and governments are trying to curb sugar consumption. Faced with these market dynamics, Mars recently announced it has made a minority investment in Kind Snacks. Kind’s products are made without artificial ingredients and include bars, […]

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Companies are pursuing M&A in order to compete with the likes of Amazon, Facebook, and Google, and stay relevant with consumers. Technology is transforming multiple industries – not just media and telecommunications – but also healthcare, food and beverage, and automotive. Deals by strategic acquirers from a wide array of industries reached a record $200 […]

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Think back to a time before we all had smartphones and could look up any piece of information on the fly. Not so long ago, we had to plan our trips by doing research ahead of time and using paper maps for directions. Even now, if you travel somewhere without cell service, for example, a […]

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396 days. One year and one month. That is how long it’s been since AT&T first announced it would acquire Time Warner for $85 billion on October 22, 2016. As the AT&T – Time Warner deal languishes in the courts, I am again reminded of the advantages that privately held middle market companies have when […]

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Overall deal value and volume remain flat, but middle market activity is on the rise. When compared to 2016, worldwide M&A value and volume remained relatively flat for the first nine months of 2017, rising only 2% and 0.4%, respectively. In the US, announced deal value dropped 12% while the number of deals rose 18%, […]

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Hudson’s Bay, the parent company of Lord & Taylor, announced it would sell the iconic fifth avenue store to co-working startup WeWork and Rhone Capital LLC for $850 million. The price is a 30 percent premium over the value of the real estate when it was last appraised in 2016. Lord & Taylor will rent […]

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If you have ever purchased Ikea furniture, you understand the struggle of trying to assemble it. The “simple” diagrams are not easy to follow, some of the screws or nails go missing, and sometimes the piece falls apart after you finish building it. Ikea is hoping to solve this problem for future buyers with its […]

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Nestlé is scooping up two brands in fast growing markets to expand its product offerings in North America. The Swiss company will acquire Sweet Earth, a maker of plant-based foods, as consumer demand for natural, organic and healthy food grows. Nestle expects the market to reach $5.21 billion by 2020. Based in Moss Landing, California, […]

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Valuation multiples in the middle market are “unprecedented” due to low interest rates, relatively cheap debt available in today’s market, and high amounts of dry powder chasing the same deals. According to GF Data, average valuations reached 7.4 times, the highest quarterly mark the data base has recorded in 15 years. With such high valuations, […]

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Can you remember the last time you had film developed? My guess is that it’s been a long time for most of you. Digital cameras, first introduced in the 1980s, have surpassed traditional film cameras in popularity. Kodak, once the dominant player in photography, failed to transition from analog to digital and went bankrupt in […]

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Acquirers are favoring smaller acquisitions over mega deals. If you were to compare M&A in 2017 to previous years, you might think that dealmaking is declining, but a closer look at the data tells a different story. Although announced US deal value decreased by 16 percent in the first half of 2017, the number of […]

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Deal activity in the technology, media and telecommunications (TMT) sector is heating up as companies acquire to keep up with evolving technology and consumer demand. The internet and smartphones have changed how people view and share information with consumers, abandoning cable TV in favor of streaming services that provide customized TV and music on demand. […]

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Cash of US non-financial companies has reached $1.9 trillion, a 10 percent increase from 2016, and it is estimated that $1.1 trillion will return to the US if a tax holiday is granted under the Trump administration. Alexander Lee, a leading Tax Attorney and Partner at McDermott Will & Emery, recently commented on this topic […]

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Worldwide, deal activity in 1H 2017 was relatively flat when compared to 1H 2016. Deal value increased slightly by two percent and the number of deals dropped just four percent, according to Thomson Reuters data. In the US, although deal value dropped by 16 percent, the number of deals rose by 17 percent compared to […]

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Rather than spending all their efforts competing, Uber and Russia’s top internet company, Yandex, have decided to join forces. Uber and Yandex will form a joint venture operating in 127 cities across Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan. Uber will contribute $225 million and own a 36.6 percent stake, Yandex will contribute $100 million […]

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While most of the news has been focused on Amazon’s acquisition of grocery chain Whole Foods, last week, Walmart also executed a deal. The big box retailer known for its low prices will acquire men’s fashion retailer Bonobos for $310 million as part of its strategy to build an apparel business to compete with Amazon. […]

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Amazon may finally be able to break into the grocery industry by purchasing Whole Foods for $13.7 billion. While Amazon already has a grocery delivery service, AmazonFresh, which it first launched about 10 years ago, it has struggled to grow in the supermarket business. Amazon excels at ecommerce and, for the most part, has been […]

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Faced with slow sales, the Nordstrom family is exploring taking the iconic department store private. It’s no secret that despite the strong economy, the retail industry has been hit hard and the rise of ecommerce has impacted brick and mortar stores across the world. Department stores like Nordstrom, Macy’s, JCPenney, and Sears are struggling to […]

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Deere plans to acquire German road construction company Wirtgen Group for $4.88 billion in order to expand its road construction operations and reduce its dependence on farm equipment. Wirtgen’s products span the entire road construction sector including milling, processing, mixing, paving, compaction and rehabilitation. Deere, most famous for its John Deere tractors, is heavily reliant […]

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Multi-million and billion dollar deals dominate the news, and sometimes it can be difficult to see how these transactions apply to your company. But if you look past the zeroes and dig down into the “why” of an acquisition, you’ll find there are many lessons for middle market executives looking to grow their companies through […]

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