ArdorComm Media Group

Contact Us
logo
Menu
logo
ArdorComm ArdorComm ArdorComm

transactions

Despite Increased Transactions, M&A Activity Sees Sharp Decline in April

Leave a Comment / By / Human Resource Community

According to a report by a consultancy firm, the overall merger and acquisition (M&A) activity by value witnessed a significant decline of 60% in April, totaling $5.192 billion compared to March’s $12.934 billion. Surprisingly, there was a 24% increase in the number of deals, totaling 176 transactions during the month. The decline in value was particularly notable in merger and acquisition transactions, which dropped by 75% to $2.526 billion, down from $10.212 billion in March. Private equity transactions, on the other hand, saw a marginal decrease to $2.666 billion. Within the M&A landscape, outbound deals experienced the sharpest decline, plummeting to $24 million compared to $9.072 billion in the previous month. The highest M&A activity of the month was attributed to the Adani group’s 8% stake increase in Ambuja Cement and ACC, amounting to a cumulative $1.8 billion in two transactions. Despite the dip in M&A activity, the outlook for 2024 remains positive, with India poised for growth and investment opportunities. Factors influencing the domestic markets in the near term include the outcome of the Lok Sabha elections and global and domestic trends in interest rates driven by inflation and supply chain dynamics. Overall, while the number of transactions increased, the decline in M&A activity by value underscores the complexities and challenges within the market landscape.  

Capgemini Unveils its Tenth Employee Share Ownership Program

Leave a Comment / By / Human Resource Community

Capgemini is taking significant steps to enhance employee development and performance by introducing a fresh Employee Share Ownership Plan (ESOP). This initiative is open to nearly 97% of the company’s workforce and will be implemented through a capital increase reserved exclusively for Capgemini employees, with a maximum allocation of 3,200,000 shares. Employees will have the opportunity to acquire Capgemini shares through subscription plans, including leveraged and guaranteed options. These plans will not only allow them to safeguard their invested amount until the shares become accessible but also ensure a certain level of protection. Furthermore, individuals holding these shares will have voting rights, which may vary depending on the specific plan and circumstances. These shareholders may include participants in the Fonds Commun de Placement d’Entreprise (FCPE), employees with direct share ownership, and/or the financial institution overseeing the offer or its affiliated parties. This marks the tenth installment in Capgemini’s ESOP offerings, aimed at maintaining employee shareholding at approximately 8% of Capgemini SE’s share capital. The timeline for this program is as follows: it will be open for participation from September 15 to October 4, 2023 (inclusive), followed by a subscription/revocation period from November 13 to November 15, 2023 (inclusive). The pricing for the new shares will be determined on November 10, 2023, and the increase in share capital will be completed on December 19, 2023. The implementation of the leveraged guaranteed offering will involve hedging transactions conducted by the financial institution responsible for organizing the offer. For this tenth program, Crédit Agricole Corporate and Investment Bank will be handling these transactions, which may take place in the market or off-market and may include actions such as buying and/or selling shares, acquiring call options, or any other relevant transactions.