Business Development and M&A
The same chapter from every series, so you can compare how each fortune was built. Other posts on the topic follow.
Rockefeller (Part 4 of 5), M&A: The Cleveland Massacre, 22 of 26 Competitors in One Season
How Standard Oil bought most of Cleveland's refiners in 1872, what it offered them, and what it cost in reputation.
Onassis (Part 4 of 5), M&A: Taking Control of Monte Carlo, and Losing It
How Onassis took control of the Monte Carlo casino company, and how he lost it.
Other posts
How the Getty Family Is Taking Getty Images Back Through Bankruptcy
On 12 October Getty Images agreed a prepackaged Chapter 11 plan: the Getty family and Koch invest up to $533 million and get 100%. How it works, and why public shareholders are set to receive nothing.
The Oatleys Buy Back Rosemount, 25 Years After Selling It
Treasury Wine Estates is selling Rosemount, Ingoldby and Secret Stone to A.G. Oatley Wines, returning Rosemount to the family that founded it in 1969. The price was not disclosed.
Oryx Energies: A Founder Sells His African Fuel Business to Its Managers
Oryx's chief executive and its head of trading are buying control from Jean-Claude Gandur's AOG at a reported value of about $1 billion. What a management buyout is, and what is still unconfirmed.
An Italian Family Office Cashes Out: B.group Sells iSMA Controlli to IMI
The Seragnoli family's investment holding, B.group, is selling building-automation maker iSMA Controlli to London-listed IMI at a €63 million enterprise value. A textbook buy, build and sell cycle.
Why a Canadian Family Is Buying Boots for $8.9 Billion
On 7 October the Canadian Westons agreed to buy Boots from Sycamore Partners. Who the buyer really is, why there are two Wittingtons, and what patient family capital offers a seller.
Larry Ellison's Pledged Oracle Shares and His Son's $110 Billion Hollywood Deal
The Ellisons now control Warner Bros. through Skydance, while Larry Ellison has pledged 413 million Oracle shares for personal loans. What pledging means, and the lesson about concentration.
Eight Heirs, One Holding: How the Del Vecchio Family Votes on Italy's Banks
Delfin, the Luxembourg holding of Leonardo Del Vecchio's eight heirs, has backed Intesa Sanpaolo's offer for MPS. What Delfin would receive, and why an 88% rule keeps the heirs locked together.