M&A radar Archives - Maritime Shipping News

M&A radar: Mullen exit rumoured, Japan Post ‘unrealistic’ on Toll’s value

20 April 2020

Our Premium sources have been on fire recently, and thankfully so with regard to the latest shocking developments at Australia’s Toll Group.
Here is a quick recap: seriously troubled financially, the integrated logistics company is scouting for a buyer, any buyer, that could make sense of it, one way or another.
Or, rather, fix what might be left of the once-glorious group as the de-boning continues.
Devastation
Now glance at the end table below, …

The post M&A radar: Mullen exit rumoured, Japan...

https://theloadstar.com/jo-1-of-2-toll-mullen-exit-jp-sale-value-expectations/

M&A radar: Toll’s spring rolls – the revenge of private equity

14 April 2020

With Chinese food, you always have a great sense of pride stemming from having struck a bargain deal after ordering one of the tastiest items on the menu: spring rolls.
That’s how I feel about value for money, anyway.
Pretty darn basic food served in most takeaways, we know what we get for a...

https://theloadstar.com/ma-radar-tolls-spring-rolls-the-revenge-of-private-equity/

M&A radar: Yang Ming – the moral hazard conundrum

3 April 2020

You may well have read the latest release concerning Taiwan’s Yang Ming.
In a nutshell, here are the headline financials, sourced from Yang Ming earlier this week:
“Yang Ming Marine Transport Corporation (Yang Ming) reveals its 2019 annual financial report today (3/31). The consolidated revenues totaled NTD149.18bn ($4.82bn). The company’s net loss, after tax, was NTD4.31bn ($139.39m), EPS NTD -1.66. Volumes in 2019 increased to 5.4m TEUs, up 3.88% year on year.” …

The post M&A radar: Yang Ming...

https://theloadstar.com/ma-radar-yang-ming-the-moral-hazard-conundrum/

M&A radar: CMA CGM – Where to now and with whom?

4 March 2020

Say you were a man in your 80s or 90s, looking to deploy almost $130bn of cash, or part of it, saved during your business lifetime.
Just like Warren Buffett you have a long-term investment horizon, but you also enjoy the occasional bet – remember his Exxon trade several years ago? Let’s approach...

https://theloadstar.com/ma-radar-cma-cgm-where-to-now-and-with-whom/

EXCLUSIVE M&A radar: Maersk talks harbour towage sale with Boluda

13 February 2020

Safe harbours.
Without having to elaborate on the relevance of the latest appointment made by Denmark’s AP Møller-Mærsk (APMM) this week, let’s make sure that we are all on the same page from the outset:
“With effect 1 May 2020, Patrick Jany will take up the position as chief financial officer (CFO) of AP Møller – Mærsk A/S and will become a member of the executive board. Patrick Jany, age 52, comes from …

The post EXCLUSIVE M&A radar: Maersk talks harbour towage sale with Boluda appeared first...

https://theloadstar.com/exclusive-ma-radar-maersk-talks-harbour-towage-sale-with-boluda/

M&A radar: If PIL worsens, Temasek will bail it out and flip it to CMA CGM

9 January 2020

At a time when, as you may know, the world’s container shipping leader AP Møller-Mærsk (APMM) is going for targeted job cuts domestically and overseas while its smaller rival Hapag-Lloyd is rumoured to have announced 150 staff would go at its headquarters in Hamburg, it is no secret that Singapore’s Pacific International Lines (PIL) is financially strained.
And now many wonder what could be next for the carrier, one of the …

The post M&A radar: If PIL worsens, Temasek will bail it out and flip...

https://theloadstar.com/ma-radar-if-pil-worsens-temasek-will-bail-it-out-and-flip-it-to-cma-cgm/

M&A radar: DSV Panalpina – it’s all about the money, stupid

10 December 2019

“A number of Panalpina employees in Switzerland have contacted DSV’s major shareholder the Ernst Göhner Foundation in a dispute about major layoffs. The hope is that the foundation can help the employees ensure better severance packages. The dispute especially concerns financial compensation.” – ShippingWatch, 9 December (sub required).
Now it gets really exciting, with the Ernst Göhner Foundation (EGF) – which controlled 45.89% of PAN, and now almost 11% of DSV Panalpina – central …

The post M&...

https://theloadstar.com/ma-radar-dsv-panalpina-its-all-about-the-money-stupid/

M&A radar: Private equity sniffing around Toll Global Express

4 December 2019

“Toll is continuing to review our operational performance around the world to ensure we are set up to drive simpler, more focused operations for our customers. We have no intention to separate any divisions or business units, nor is this part of our strategic agenda.” – Toll Group, 10 April 2019, responds to Premium which inquired about the possibility of a break-up of the group.
My win is your loss is a mantra …

The post M&A radar: Private equity sniffing around Toll Global Express appeared...

https://theloadstar.com/ma-radar-private-equity-sniffing-around-toll-global-express/

M&A radar: Deal talk swirls around DP World

2 December 2019

“Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, rang the market-opening bell at Nasdaq Dubai today to celebrate the listings of two Sukuk and two conventional bonds with a total value of $2.3bn. DP World will use the capital raised for debt refinancing and to fund growth opportunities. The listings, carried out during 2019, comprise two Sukuk of one billion US dollars and $500m, and two conventional bonds of …

The post M&A radar: Deal talk swirls around DP World appeared first on T...

https://theloadstar.com/ma-radar-deal-talk-swirls-around-dp-world/

M&A radar: DSV Panalpina – shareholder value above all

20 November 2019

“Basel negotiations running into difficulties” was the loud and clear message I got on Thursday last week concerning the one-day-maybe-TV-series “DSV Panalpina whereabouts” and the human side of this unnerving M&A story for so many.
As you might know, it boils down to shareholder value – and now hovering around Dkr740 a share, DSV trades close to record highs well above buyback levels.
Two sides
I asked around for some material evidence of those …

The post M&A radar: DSV Panalpina – shareholder...

https://theloadstar.com/ma-radar-dsv-panalpina-shareholder-value-above-all/

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