After an active year for Canadian M&A in 2017, the first quarter of 2018 has slowed down slightly. Total value of deals for domestic and cross-border announced transactions fell from CAD $62B in Q1 2017 to $27B in Q1 2018 but has kept pace with last quarters total of $32B. M&A
Investment Banking
Acquisition Finance: Equity Consideration
Acquisition Finance: Bullet Debt
Acquisition Financing – Investment Grade Bonds, Private Placements, Term Loan B, High Yield Debt Bonds, notes and term loans for institutional investors are otherwise seen as much more permanent capital than bank debt and is not meant to be paid down opportunistically. Fixed income investors – which are a distinct group
Acquisition Finance: Bank Debt
Forms of Acquisition Finance When people think about investment bankers, the first thing that comes to mind is usually is mergers & acquisitions. However, beyond the strategy and advisory component to effecting a merger, full service investment banks are eager to win acquisition finance mandates – that is providing the funds
Working in Treasury
Related: Interview with a Treasury Analyst What is Corporate Treasury? Treasury is the cash management function of the bank – it is responsible for cash inflows and cash outflows. Ideally, the treasury maximizes the cash inflows while minimizing the cash outflows via a variety of risk management solutions and opportune financing. Treasury
Should You Start Your Investment Banking Job Early?
Usually, investment banks hire for the upcoming fall when conducting on campus recruiting. This means that analysts will undergo training and orientation the following summer (anywhere from 2 weeks to 2 months for global capital markets franchises). Incoming analysts will usually use the gap between graduation and starting the job
Canadian M&A Roundup Dec 08, 2017 – Atrium Innovations, Hyperion Insurance Group, Goodman Hong Kong Logistics, NAPEC
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Atrium Innovations Inc. Industry: Consumer & Retail Acquirer: Nestlé Health Science S.A. Target: Atrium Innovations Inc. Size: USD 2.3 billion Consideration: 100% Cash Sourceof Funds: Not Disclosed Sell Side Advisors: Morgan Stanley, RBC, William Hood & Company
Global ECM Weekly Monitor Dec 01, 2017 – Saigon Beer Alcohol Beverage, Enterprise Products Partners
Our previous Global ECM Weekly Monitors can be found here. Saigon Beer Alcohol Beverage Corporation (HOSE:SAB) Announcement Date: November 29, 2017 Gross Offering Amount: VND 109,972 billion (USD $4.8 billion) Price per share: VND 320,000 Lead Banks: Not Disclosed Nature of the issue: State bailout Security Issued: Common Shares Saigon Beer Alcohol Beverage Corporation is
Canadian M&A Roundup Dec 01, 2017 – Banco Bilbao Vizcaya Argentaria Chile, Aricent, ReNew Power Ventures, Noralta Lodge
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Banco Bilbao Vizcaya Argentaria Chile Industry: Financial Institutions Acquirer: Bank of Nova Scotia Target: BBVA Chile Size: CAD 2.9 billion Consideration: Not Disclosed Sourceof Funds: Not Disclosed Sell Side Advisors: Not Disclosed Buy Side Advisors: Not Disclosed
Global ECM Weekly Monitor Nov 24, 2017 – Riverstone CKD II Management Company, Abu Dhabi National Oil Company
Our previous Global ECM Weekly Monitors can be found here. Riverstone CKD II Management Company, S. de R.L. Announcement Date: November 22, 2017 Gross Offering Amount: MXN $9 billion Price per share: MXN $100 Lead Bank: Credit Suisse Nature of the issue: Follow-on Equity Offering; Development of Trust Security Issued: Development Trust Certificates