Hints and tips:
...And I’m just standing in the middle of the field, making jokes to them. It makes me feel so tiny. I try not to think about it.”...
...Credit Suisse, UBS, Deutsche Bank, Santander and Jefferies declined to comment....
...James Grzinic, an analyst at Jefferies, said the results “confirm just how much stronger than the rest of its peer group” Inditex has become....
...Drug developers raised $6.2bn in equity capital markets in January, according to data from Jefferies....
...“Steve’s a very careful investor, and I’m assuming that he did his homework,” Wilbur Ross, a private equity investor who worked with Mnuchin in Trump’s cabinet, told the FT....
...Analysts at Jefferies have previously estimated that an offer in the 270p to 300p per share range would have “a higher likelihood of being accepted . . . and would be more in line with recent M&A valuations...
...This year Mizuho, the third-biggest of the Japanese banks, announced the purchase of the Wall Street M&A advisory boutique Greenhill in an effort to keep up with its two rivals....
...The duo want to offer investment banking services to bigger public companies and create a broader cross-border M&A offering....
...“During the next year, if the IPO market doesn’t function and M&A is light, the only way for VC firms to [distribute funds back to investors] is . . . secondaries.”...
...“Private dining rooms are often an afterthought,” says Jefferies. “Nearly always underground, a room with a door, that’s what makes them private. I’m hoping this will excite people.”...
...Big share price moves in Europe today include Swedish fast-fashion retailer H&M, Dutch insurer NN, and British landlord Land Securities: H&M: The Swedish fast-fashion retailer gained 3.8 per cent after...
...retailer H&M, whose shares suffered earlier this month when it published weaker-than-expected sales figures....
...Seventy per cent of healthcare companies expect M&A activity in healthcare to increase in 2024 after two relatively quiet years, according to a recent global survey from Jefferies....
...Jefferies has named Richard Fisher as a senior adviser. He has previously held roles including president and CEO of the Federal Reserve Bank of Dallas....
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...But I’m not about to let that stop me putting out some adventurous investment thoughts for 2024....
...“There was a lot of cross-border M&A, a lot of Chinese companies bought international companies....
...TRAs have historically wreaked havoc in M&A processes, as MainFT described in detail last year in the Sculptor Capital Management situation....
...UBS may have to wait until it has finished integrating Credit Suisse, however, before it tackles more M&A....
...In the US, the total value for M&A deals is down about 45 per cent so far this year, according to Refinitiv. IPO deal proceeds are down 18 per cent from a year ago....
...Offering “convenience” to patients was another way for new entrants to stand out, said Michael Yee, an analyst at Jefferies....
...H&M and Zara were the first fast-fashion retailers, selling trend-led clothing at affordable prices....
...A handy thing about the recurring nature of M&A speculation is that for all the most likely deals, there’s a readymade bank of analysis available for recycling....
...“Antitrust is probably the biggest dampener [on M&A],” said Jefferies’ Friedman, “and that is only applicable to a small number of categories. The positive forces overwhelm that.”...
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