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Feb 25, 2015

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Feb 24, 2015
via Breakingviews

Hitachi’s $2 bln deal signals Italy open for M&A

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Hitachi’s $2.2 billion deal signals that Italy is open for M&A. The bullet-train maker has agreed to buy Finmeccanica’s rail units. In Italy, and across continental Europe, sales of high-end industrial assets to Far Eastern investors can be controversial. But Hitachi is a credible buyer offering a full price. It helps that the seller is keen to restructure and has sought these divestments for years.

Feb 16, 2015
via Breakingviews

Michele Ferrero leaves $25 bln-plus Nutella empire

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Michele Ferrero leaves a $25 billion-plus empire. The confectioner, who has died at 89, had a gift for creating and marketing treats, building Italy’s biggest fortune from nutty spread, Kinder Eggs and Tic Tacs. Stock markets and deals were both anathema. Rivals will hope his heirs tire of independence.

Feb 16, 2015
via Breakingviews

Michele Ferrero leaves $25 bln-plus Nutella empire

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Michele Ferrero leaves a $25 billion-plus empire. The confectioner, who has died at 89, had a gift for creating and marketing treats, building Italy’s biggest fortune from nutty spread, Kinder Eggs and Tic Tacs. Stock markets and deals were both anathema. Rivals will hope his heirs tire of independence.

Feb 11, 2015
via Breakingviews

Sky’s insecurity helps Premier League net $8 bln

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Sky’s insecurity has helped the Premier League net 5.1 billion pounds. With the pay-TV giant afraid to test what would happen if it lost its first place in English soccer, the big winners are the clubs.

Feb 11, 2015
via Breakingviews

Sky’s insecurity helps Premier League net $8 bln

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Sky’s insecurity has helped the Premier League net 5.1 billion pounds. With the pay-TV giant afraid to test what would happen if it lost its first place in English soccer, the big winners are the clubs.

Dec 29, 2014

Breakingviews: M&A spin doctors could get swept up in the action

By Quentin Webb

NEW YORK (Reuters Breakingviews) – M&A spin doctors may get
swept up in the action. If anyone knows how to assess the
climate for takeovers, it should be financial public relations
advisers.

A $3 trillion-plus merger bonanza with plenty of hostile
bids and activist investors creates a timely backdrop for
sellers of all sorts. Three of the busiest deal whisperers -
Alan Parker’s Brunswick Group; Joele Frank, Wilkinson Brimmer
Katcher; and Sard Verbinnen – remain tantalizingly independent.
In London, Andrew Grant’s Tulchan and Rory Godson’s Powerscourt
are, too.

Dec 29, 2014
via Breakingviews

M&A spin doctors could get swept up in the action

Photo

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

M&A spin doctors may get swept up in the action. If anyone knows how to assess the climate for takeovers, it should be financial public relations advisers.

Dec 22, 2014

Breakingviews: Wall St’s $18 bln poker game has more rounds to go

By Quentin Webb

NEW YORK (Reuters Breakingviews) – The ill-fated 2008 buyout
of Caesars has pitted plenty of high finance’s high rollers
against one another. Despite a couple of breakthroughs, Wall
Street’s poker game over the casino group isn’t quite over.

Things are moving fast. On Friday a steering committee of
senior bondholders gave its backing to a restructuring that
would slash some $10 billion of debt from Caesars Operating Co
(CEOC), the empire’s biggest unit. The division would be split
into an operating and a property company, the firm said. Then on
Monday, CEOC’s parent, publicly traded Caesars Entertainment Co
(CEC), bought another affiliate, Caesars Acquisition Co
, for $1.2 billion. Among other things, the company said
that deal would help fund CEOC’s restructuring.

Dec 19, 2014
via Breakingviews

Review: An Icelandic tycoon’s sorry saga

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Bjorgolfur Thor Bjorgolfsson embodies Iceland’s volcanic rise and fall. He made a fortune in Eastern Europe, lost a bank in 2008 and caused Deutsche Bank years of grief. His memoir, “Billions to Bust – and Back Again,” is self-critical – but unlikely to win him new friends in Reykjavik.

    • About Quentin

      "Quentin Webb is a Reuters Breakingviews columnist, covering mergers and acquisitions, corporate finance and private equity. He is based in London. Before becoming a columnist, he was a news reporter for Reuters, where he was most recently European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. He joined Reuters in 2003 from Legalease, a legal publisher. He has a first-class degree in psychology from University College London."
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