Brazil is on a roll. Yesterday’s Financial Times included a special 10-page section devoted to Brazil. One of the articles, Olympic Accolade Sets Seal on Progress, written by Jonathan Wheatly, succinctly describes the “exuberant optimism” that has gripped the country since it was awarded the 2016 Olympic Games. And the Wall Street Journal … [Read more...]
Microfinance Programs Surge in India
While my posts are usually technical discussions centered on international business law, I'm going off topic today to write about a concept quickly gaining traction as a viable alternative to private banks in providing capital to impoverished entrepreneurs across the globe. On a recent trip to India, I caught a glimpse of the future as I walked down Connaught Circle in … [Read more...]
International Tender Offers: Structured Deals on the Rise
As Forbes reported today in the article Dainippon completes tender offer for Sepracor, Dainippon Sumitomo Pharma Co. of Japan agreed to buy Sepracor, based in Marlborough, Mass., for about $2.6 billion, or $23 per Sepracor share. Sepracor makes drugs for respiratory and nervous system disorders. It reported $1.29 billion in revenue in 2008, with almost half of that total coming … [Read more...]
Lisbon Treaty a Boon for Business in the European Union
As recently reported in the Wall Street Journal in the article The Last Hurdle for the Lisbon Treaty, Ireland’s Oct. 3 approval of the Lisbon Treaty strengthened the odds for the European Union to gain global clout on issues from the economy and climate change to war and peace. An excellent overview on the Treaty is provided by BBC in its article Q&A: The … [Read more...]
Zen and the Art of Initial Public Offerings: China Takes Global Lead
As reported by the Wall Street Journal's Lynn Cowan today, China has taken the global lead in initial public offering activity for 2009. As Ms. Cowan reported, should the pace continue, China will come out on top of "every other country, and even entire regions such as Europe and North America, for all of 2009." Global IPO Dominance China's global … [Read more...]
Emerging Market IPOs: 6 Risk Factors to Consider
The economic landscape in emerging markets such as Brazil, China and India are beginning to show signs of life. These “greenshoots” are taking the form of IPOs, which are a leading historical indication that world markets are springing back to life. Emerging Market IPOs on the Rise As reported in the Financial Times in the article Santander Launches Brazilian … [Read more...]
Structuring IPO Deals in a Rebounding Global Economy
The Financial Times reported in this article that Europe continues to trail behind world markets in IPOs, particularly those in Asia and the United States. While this may be the current trend, all markets—including—Europe--can expect a significant uptick in IPO activity as the economy begins to rebound. Illustratively, Kohlberg Kravis Roberts is planning at … [Read more...]