Examinando por Materia "M&A"

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    Ítem
    Deleveraging and liquidity strategies Construcciones El Condor
    (Universidad EAFIT, 2021) Serna Correa, Diego Armando; Sánchez, Ribero, Gustavo A.
    Study of different alternatives to carry out financing and deleveraging operations in the Colombian market for Construcciones el Cóndor. one of the biggest multinational construction companies in the country. This to comply with the payment of the maturities of the corporate bonds issued as of 2020. At the same time, the study seeks to optimize the firm´s capital structure based on high demand for resources inherent to the business, represented as equity contributions, which are resources required to funding some infrastructure projects under the public-private partnerships scheme, retentions in guarantee of construction works, and backups required to cover several risks associated with the construction business. Through an analysis of different alternatives, such as refinancing, bond issues with or without collateral, and the sale of assets, we determine the best actions to take in terms of time and cost, enabling continuity of the business in the medium term.
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    Evolución estratégica de Celsia y su impacto en el desempeño financiero y generación de valor
    (Universidad EAFIT, 2024) Gómez Rodríguez, Daniel Mauricio; Puentes García, Carolina; Álzate Naranjo, Miguel Ángel; Vidarte González, Juan José; Velásquez Mejía, María Adelaida
    Taking into account the strategic relevance of Celsia's investment and divestment decisions, this article aims to assess the financial impact of its strategic evolution on value creation. This is achieved through an in-depth analysis of the strategic changes Celsia has undergone, which have been accompanied by inorganic growth through investments and divestments (M&A). The methodology used is a case study, utilizing data from articles, reports, financial statements, news, and interviews with company executives. It is found that the strategic direction has been influenced by three rationales: investment and divestment (M&A), consolidation and expansion of the energy operating business, and transformation towards becoming an asset manager. This analysis allows us to conclude that the strategic decisions made by Celsia throughout its history have positively impacted the company's value creation for the evaluated period from 2007 to 2023.