M&A radar

M&A radar: DSV Panalpina – $5bn of added value on a nuisance

Quick and dirty: there are things that are occasionally joyful and disturbing to watch, and one of them in the past few days has been the share price action of DSV Panalpina (DSV PAN).
Which, on the day the Danish 3PL reported solid annual results last week, Wednesday 10 February, was little changed, yet as soon as the bullish M&A remarks of management were digested (the day after) started to rally …

The post M&A radar: DSV Panalpina – $5bn of added value on a nuisance appeared first on The...

https://theloadstar.com/ma-radar-dsv-panalpina-u5bn-of-added-value-on-a-nuisance/

M&A radar: ‘Bill Ackman Logistics’ – shake a tail feather

One sector where Bill Ackman, founder and CEO of New York’s Pershing Square Capital Management, has work left undone is, without doubt, logistics.
For those who know him or at least are slightly familiar with the rise and fall of the activist’s various investment cycles – some luckier and more lucrative than others, for which he was really, really, really sorry – the possibility that he may get involved in supply chain is …

The post M&A radar: ‘Bill Ackman Logistics’ – shake a tail feather...

https://theloadstar.com/ma-radar-bill-ackman-logistics-shake-a-tail-feather/

M&A radar: Mærsk’s finger on the M&A trigger – sink the 8-ball, Mr Skou

AP Møller-Mærsk (APMM) CEO Søren Skou deserves a word of praise.
Time flies
Only twelve months ago, with the stock trading at just over Dkr9,000 ahead of a dramatic Covid-19-led plunge (to as low as Dkr4,900 and change), the fear was that bouncing back from the abyss was mission impossible.
Skou’s first remarks immediately after he took over from Nils Andersen retuned with a vengeance. Just over four years ago, he had noted …

The post M&A radar: Mærsk’s finger on the M&A trigger – sink the...

https://theloadstar.com/ma-radar-maersks-finger-on-the-ma-trigger-sink-the-8-ball-mr-skou/

M&A radar: Catching DSV + CH Robinson – but me no buts!

“Hello my friend. How are you?”
With a bit of noise already in the background, it all started officially here a fortnight ago when a senior freight forwarder sorely challenged the seemingly unchallengeable M&A outlook in logistics.
Which, once more, doesn’t look too rosy for anybody targeting transformational deals, say $5bn-plus in enterprise value (EV), given a real paucity of viable candidates.
But dirty top dollar, naturally, can do wonders in M&A.
No longer …

The post M&A radar: Catching...

https://theloadstar.com/ma-radar-catching-dsv-ch-robinson-but-me-no-buts/

M&A radar: Prime who? DSV Panalpina warms up for the main course

We all read the full release here before the stock markets opened on Wednesday: DSV Panalpina (DSV PAN) has acquired Denmark’s Prime Cargo from the Mitsui-Soko Group in Japan.
Firstly, the financials were undisclosed. Secondly, as broadly expected, its stock was unchanged in early trade, then falling almost 1% ever closer to Dkr1,000 before bouncing back closer to its previous close, while most markets, including US futures, are deeply in the red today as …

The post M&A radar: Prime who? DSV...

https://theloadstar.com/ma-radar-prime-who-dsv-panalpina-warms-up-for-the-main-course/

M&A radar: Waiting for a PIL deal, Santa comes early for CMA CGM, Hapag & Zim

It’s not an epic fantasy trilogy but reality now, as two carriers’ celebrations that started last week enlarged to include a new cheerful member, Israel’s Zim, switching to full binge mode in the past 48 hours.
Now read this (emphasis in bold added):
“CMA CGM is taking advantage of strong shipping markets to sell €525m of new bonds to replace existing bond debt which falls due on 15 January next year. The new …

The post M&A radar: Waiting for a PIL deal, Santa comes early for CMA CGM, Hapag & Zim

https://theloadstar.com/ma-radar-waiting-for-a-pil-deal-santa-comes-early-for-cma-cgm-hapag-zim/

M&A radar: SecurCapital eyes IPO, expect more bread-and-butter logistics deals

A re-pricing of risk has been well under way in logistics on the public markets since the pandemic began. Wherever we look at – from the 3PLs to the integrators via a few asset-heavy firms – stellar valuations are embedded in the multiples of a raft of supply chain actors.
Yet the smaller players suffer, chiefly from capital constraints, sowing the seeds of inorganic transformation for so many in what is …

The post M&A radar: SecurCapital eyes IPO, expect more bread-and-butter logistics deals...

https://theloadstar.com/ma-radar-securcapital-eyes-ipo-expect-more-bread-and-butter-logistics-deals/

M&A radar: AP Møller-Mærsk – ‘Stay Ahead 3.0’ scenarios

“Imagination embraces the entire world, and all there ever will be to know and understand.” – Albert Einstein. 
Copenhagen, 7 September 2022: Corporate plan ‘Stay Ahead 3.0’ is announced by Denmark’s AP Møller-Mærsk (APMM), one year ahead of the targeted 2023 deadline for what is expected to be a remarkably successful all round execution of the grand plan.
At that point and in full 12-month countdown mode, the operating income line of the …

The post M&A radar: AP Møller-Mærsk – ‘Stay Ahead 3.0’...

https://theloadstar.com/ma-radar-ap-moller-maersk-stay-ahead-3-0-scenarios/

M&A radar: As it grows up, Imperial Logistics is on the hunt

Several logistics companies operating outside the major league seldom receive the attention of the media and analysts. South Africa’s Imperial Logistics is one of them. But it warrants a mention today after releasing an annual update this week that proves it currently remains in full transitional mode.
However, judging by the remarks of its chief executive Mohammed Akoojee – a logistics manager boasting a  solid finance background – something has got to …

The post M&A radar: As it grows up,...

https://theloadstar.com/ma-radar-as-it-grows-up-imperial-logistics-is-on-the-hunt/

M&A radar: Could scantily clad UPS have Pitney Bowes up its sleeve?

In a week where UPS shares rocketed almost 20% to $144 at the end of July, the only clear head in the room* seemed to be the new CEO, Carol Tomé.
Despite the nominally positive Q2 ’20 results, her first as CEO, the new boss said that outside five core principles (values, dividend, IG rating, brand, employees), “everything else is under review”.
And with what is effectively a record cash pile ($8.8bn) in recent …

The post M&A radar: Could scantily clad UPS have Pitney Bowes up its sleeve?...

https://theloadstar.com/ma-radar-could-scantily-clad-ups-have-pitney-bowes-up-its-sleeve/

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