Burger King and Tim Hortons plan to merge in an $11 billion deal that will create a new fast food powerhouse. The merger has received significant attention from the media, dealmakers, regulators and consumers. Capstone’s infographic will show you what you need to know about this exciting transaction. Click on the image for a closer […]

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Burger King and Tim Hortons announced on Sunday that they would merge into a single enterprise with $22 billion in revenue and 18,000 restaurants worldwide. A new parent company headquartered in Canada would be created in what technically is a tax inversion, although tax savings are not driving the merger itself. The main strategy is […]

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I was just interviewed by CNN Money regarding the acquisition of BlackBerry for $4.7 billion.  As I mentioned in my earlier post, BlackBerry needs to find a buyer who is the best strategic fit and knows where to take the company next. I doubt that Fairfax Financial Holdings will be able to provide that as […]

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Yesterday, Blackberry announced it had signed an LOI with a group led by Fairfax Financial, an insurance investment company from Toronto, Canada. Under the terms of the LOI, BlackBerry shareholders would get $9 a share in cash, making the deal worth about $4.7 billion. On Friday, BlackBerry reported $950 million and $995 million in operation losses […]

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Neiman Marcus has been sold by private equity groups TPG and Warburg Pincus for $6 billion to Canadian PE firm Ares Management and Canada Pension Plan Investment Group (CPPIB). TPG and Warburg filed for an IPO earlier this summer but kept their options open, Forbes reports. This transaction is not really surprising given the conditions […]

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The trend of consolidation continues. Just one week after Kroger announced it would buy Harris Teeter, there’s another big deal in the grocery industry.  Canada’s number one grocer, the Loblaw Companies, announced it would buy the top pharmacy chain, Shoppers Drug Mart, for $11.9 billion in cash and stock. It’s likely this acquisition is a direct […]

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This is the year for Canadian companies to globalize.  Although they are generating significant cash flows, the Canadian market is small and companies must grow outside the country. According to The Deal, Canadian companies are finding opportunities elsewhere. While the U.S. remains the primary market for Canadian PE and M&A transactions, there is increased activity […]

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