As smaller tech companies flounder due to a lack of funds, mergers and acquisitions with larger firms are only natural. Merrill Lynch’s technology investment banking team reflects on its advisory role in a flurry of recent deals. Writer Kathryn Tully.
Latest articles from Deals
Reasons to be cheerful
November 3, 2008The sale of British Energy, once part-nationalised as it was considered too important to fail, should pay dividends for the British government. NM Rothschild, the team which advised on the deal, explains how it pulled off such a coup. Writer Edward Russell-Walling.
Barcap’s Zest for success
September 1, 2008Barclays Capital’s rare £250m value in-force deal for Aegon Scottish Equitable proved there is a growing appetite for securitisations among insurers. Writer Edward Russell-Walling.
MPS finds €5bn for transformational Antonveneta deal
August 4, 2008Banca Monte dei Paschi di Siena’s audacious €9bn purchase of Banca Antonveneta last November required some serious work to raise the necessary financing. Edward Russell-Walling reports on how the group’s efforts ended up breaking the Italian record for capital raised.
Deutsche strikes right note with Türk privatisation deal
July 1, 2008Deutsche Bank has proven that if the structure is right, large-scale privatisations and emerging markets are still attractive. The emerging markets ECM team that drove through Türk Telecom’s deal in Turkey’s first IPO of the year talks to Edward Russell-Walling.
Nail-biting finish for Lebanon deal
June 2, 2008Deals that succeed in spite of dreadful market conditions are always most satisfying. Credit Suisse was one of two banks to help the Republic of Lebanon through a new issue and bond exchange at the trickiest of times. Edward Russell-Walling talks to the team.
HSBC pulls off €1bn ING debut against unpromising backdrop
May 5, 2008HSBC’s covered bond team planned its winning strategy for ING’s covered bond issue around confidence building, and gathered interest in a cautious market through shadow bookbuilding. Edward Russell-Walling reports.
Driver UK deal helps RBS swerve slowdown
April 7, 2008The credit crisis has brought the ABS market to near standstill. However, RBS has remained active in the field and used its healthy relationship with VW to good effect, reports Edward Russell-Walling.
Exotix boldly tackles the Yemeni frontiers
March 4, 2008So-called ‘frontier markets’ hold no fears for some investors. Edward Russell-Walling reports on how broker-cum-investment bank Exotix went digging for profits in the zinc mines of Yemen.
Deutsche deal on the brink of history
February 4, 2008The flotation of DP World last year may prove to be a landmark deal for the emerging markets. Edward Russell-Walling reports on how Deutsche Bank handled the largest ever Middle Eastern IPO.