Anyone have any good examples? I'm looking for an example of a conglomerate with Infra assets specifically in Asia, but any assets/examples globally will do.
Want to show the client that it makes sense to delist in a tepid environment and that investors prefer investing in clear structures where assets are not comingled.
thanks guys!
| +379 | Evercore Intern Seizure | 56 | 1h |
| +74 | JPM M&A is Gone??? Purely Coverage Banking??? | 33 | 1h |
| +62 | Is DCM actually underrated ? | 26 | 23m |
| +53 | How do I understand vs. just memorizing? | 9 | 2h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 1d |
| +42 | Associate & Above IB exits | 16 | 4d |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 11 | 8h |
| +27 | Which groups are ideal for laterals? | 12 | 1d |
| +24 | Thoughts on PEI Global Partners? | 4 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, it seems like your question is a bit specific and might not be fully covered in the information I have. However, I can tell you that it's not uncommon to see a conglomerate selling off a non-core business to PE buyers in Asia, especially in Japan. This is often the case when the founder retires or the next generation doesn't want to take over.
As for the strategy of delisting in a tepid environment and then IPOing various subsidiaries for "shareholder value", it's a complex process that can potentially unlock value if done correctly. However, it's also important to note that the success of such a strategy can depend on a variety of factors, including the specific industries of the subsidiaries, market conditions, and the execution of the strategy.
I would recommend further research on this topic, perhaps looking into specific case studies of conglomerates that have successfully implemented this strategy. You might also want to consult with a financial advisor or someone with expertise in this area.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/week-4-of-ibd-internship-initiation?customgpt=1, Non US/Europe IB/PE Overview, JPM in 2020, Notes for Technical Interview Questions
shameless bump
Idk if this helps but look up fortress infrastructure. Might lead you in a helpful direction
Best recent example is GE
Some other ex though not all infra
IBM/Kyndryl though K has traded terribly
Xerox/Conduent similar to above
Bx/PJT
Hp/hpe->dxc
Atos/ Bull
Top from my memory
Thanks much all. Will have a look tmr, always appreciate good examples!
GE was what I was going to say - Siemens is a bit less recent but some idea of an industrial conglomerate spinning off their healthcare and energy subsidiaries. ik u said infra but hope that was helpful?
hmmm is this the recent delisting of Siemens Gamesa?
Would be best if it's the full process (i.e. delisted and then relisting subsidiaries) so the upside or "shareholder value" is more pronounced.
Voluptas aut libero autem ipsam aut voluptatem. Eum repellendus sint quod sapiente sint aut consectetur. Tenetur saepe cupiditate nulla vel quam. Iste omnis quisquam qui exercitationem id numquam similique.
Ullam neque quae qui aut ratione ex sunt. Delectus enim quos ad autem quia nisi sit. Non totam omnis enim vel necessitatibus. Provident ex tempore nihil sint est. Doloremque praesentium non voluptatem sit.
Aliquam necessitatibus qui ut voluptas. Perferendis esse facere facilis laudantium molestiae labore.
Et optio aut error eos. Quo vel et inventore rem tempora ratione inventore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...