Industry Trend Analysis - PSA-GM Deal: Initial Thoughts - 06 MAR 2017
Corporate Financing week March 2017 / Europe / Industry
If finalised, a mooted deal for France's PSA Group to acquire the European Opel and Vauxhall division of General Motors Company (GM) would create the second-largest autos group in Europe by market...
Corporate Financing Analysis - Wanxiang Seeks Synergies In Fisker Bid - 20 JAN 2014
Corporate Financing week January 2014 / China / Finance
Wanxiang's bid for Fisker Automotive plays out our long-held view on the growing trend of Chinese automakers and suppliers seeking to acquire EV technology to close their developmental gap with...
Corporate Financing Analysis - Apollo Looking Attractive As Contentious Takeover Fails - 20 JAN 2014
Corporate Financing week January 2014 / Global / Finance
Cooper Tire recently announced its plans to abandon its buyout by Apollo Tyres due to its belief that there was a lack of financing for the deal, a risk we highlighted back in 2012 when news of the...
Corporate Financing Analysis - PIT&GO Will Benefit From Used Vehicle Fleet - 09 DEC 2013
Corporate Financing week December 2013 / Cambodia / Finance
Toyota Tsusho, Aisin and DENSO's investment in an auto maintenance store in Cambodia chimes with the firms' increasing focus on early emerging markets due to their low manufacturing costs and vast...
Corporate Financing Analysis - Rebalancing Presents Niche Opportunities In Steel Sector - 14 OCT 2013
Corporate Financing week October 2013 / China / Finance
While we remain downbeat on the prospects for the Chinese steel industry in the coming years due to falling overall demand and overcapacity issues, we see opportunities within the sub-sector as the...
Corporate Financing Analysis - CMC Deal Is Regional Springboard For Al Futtaim - 23 SEPT 2013
Corporate Financing week September 2013 / Kenya / Finance
Dubai-based conglomerate Al Futtaim Group has offered US$86mn to acquire Kenyan car retailer CMC Holdings, in what is likely to be the beginning of a regional expansion strategy for the group. CFW...
Corporate Financing Analysis - BAIC's Acquisition Signals Growing Consolidation Push - 26 AUG 2013
Corporate Financing week August 2013 / China / Finance
BAIC's takeover of Zhenjiang Auto signals the growing push towards consolidation in the Chinese auto industry, something which the central government is also keen to see. We believe the strong...
Corporate Financing Analysis - Avis Invests Commensurate With Bullish View - 26 AUG 2013
Corporate Financing week August 2013 / Brazil / Finance
US-based rental car company Avis Budget Group is to invest US$50mn to acquire a 50% stake in its existing Brazilian licensee. The company aims to increase revenues and market share in the high-grow...
Corporate Financing Analysis - Group 1 Supports Strategy With Credit Deal - 15 JULY 2013
Corporate Financing week July 2013 / United States / Finance
US automotive dealership group Group 1 Automotive is pushing ahead with its acquisition strategy, which will now be supported by a five-year revolving credit agreement. As CFW has previously highli...
Corporate Financing Analysis - Toyota's Hybrid Battery Production Anticipates Policy Shift - 17 JUNE 2013
Corporate Financing week June 2013 / China / Finance
Toyota's decision to set up a JV to produce hybrid batteries in China chimes with our view on the likely introduction of strong government incentives to promote the development of hybrid and fuel...