The projected value of global mergers and acquisitions is on a significant upswing. In the first half of 2018, M&A deals soared past 2017 numbers from the same period — landing around the $2.5 trillion mark. Yes, staying independent certainly has its benefits, but the rise of M&As means that, at some point, executives in every industry need to ask themselves whether the value of a merger outweighs the value of independence.
The retired CEO of one of the largest IHOP franchise groups came to Wellington hungry and can leave happy, now that he’s sold his 27-acre equestrian estate.
Prior to Monday morning’s blockbuster news that Sotheby’s is being bought in a deal valued at $3.7 billion and going private after 31 years on the New York Stock Exchange, many in the art world had never heard the name Patrick Drahi before. The billionaire media mogul behind the purchase of the 275-year-old auction house will soon become a very familiar figure in the art world. But veteran auction house executive-turned-private dealer Brett Gorvy seemed to speak for many when he told the New York Times on Monday: “Most people don’t seem to know who he is.
The wealthy enclave is home to the who’s who of power players that have equestrians in the family.