以下文章来源于东四十条资本 ，作者曹玮钰 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 将投中网设为"星标⭐"，第一时间收获最新推送 有44年历史的Jack Wolfskin（狼爪），户外圈的老面孔了。 近年企业做CVC，做收购已经形成了一股风气。 作者丨 曹玮钰 来源丨 东四十条资本 44年的全球户外老品牌Jack Wolfskin（狼爪），正在经历第四次卖身。 近日，安踏集团宣布以2.9亿美元 （折合人民币21亿）从全球最大的高尔夫球杆制造商卡拉威（Callaway）母公司Topgolf Callaway 手中，全资收购 德国户外品牌Jack Wolfskin（狼爪）。交易预计于2025年第二季度末或第三季度初完成。 这一收购依然引发了不小的市场关注，但这只是安踏这些年对跨国品牌"买买买"的其中一步棋罢了。与5年前震惊业界的46亿欧元对亚玛芬体育的世纪 收购相比，2.9亿美元的小交易显得划算且轻车熟路。 对于一家已经卖身三次的老品牌，值得期待的反而是这家"老户外"接下来在安踏的"魔改"下会焕发出怎样的生机，毕竟安踏已经对狼爪抛出了"大众户 ...

Key Points - Trump is considering lowering U.S. drug prices to international levels [2] - Verizon reported Q1 2025 revenue of $33.5 billion, exceeding market expectations of $33.23 billion and last year's $33 billion. However, Verizon lost 289,000 monthly phone users, surpassing analysts' average estimate of 185,500 [3] - Amazon is rumored to be slowing down its data center expansion [4] - Trump Media & Technology Group, Crypto.com, and Yorkville America Digital have finalized an ETF issuance agreement [4] - Chevron's CEO stated that responses to trade issues have led to market expectations of reduced oil demand [4] - 3M reported Q1 2025 revenue of $6 billion, above market expectations of $5.76 billion but slightly below last year's $6.016 billion [4] - TSMC has reportedly received orders for 2nm chips from Intel [4] - General Electric is cutting costs to maintain performance guidance [4] - Private equity giant Thoma Bravo plans to acquire Boeing's Jeppesen for nearly $9 billion [4]

市场消息：OpenAI 据悉正在洽谈以约30亿美元收购 Windsurf。 ...

Core Insights - OpenAI is reportedly in discussions to acquire WINDSURF for approximately $3 billion [1] Company Summary - The acquisition talks indicate OpenAI's strategic move to expand its portfolio and capabilities in the tech industry [1] - The potential deal highlights the growing interest in AI-driven technologies and their applications [1] Industry Summary - The acquisition reflects the increasing trend of consolidation in the technology sector, particularly among companies focused on artificial intelligence [1] - This move may set a precedent for future mergers and acquisitions within the AI industry, as companies seek to enhance their competitive edge [1]

Core Viewpoint - Goldman Sachs reported that Prada announced the acquisition of Versace, with the deal expected to be completed in the second half of 2025, pending regulatory approvals [1][2] Group 1: Acquisition Details - Prada will acquire 100% of Versace from Capri Holdings for an enterprise value of €1.25 billion, which may be adjusted upon completion of the transaction [1] - The acquisition price corresponds to an enterprise value-to-sales ratio of 1.7x based on a projected enterprise value of $1.375 billion and estimated revenue of $810 million for the fiscal year ending March 2025 [1] - To finance the acquisition, Prada plans to raise €1.5 billion in new debt, including €1 billion in term loans and €500 million in bridge loans [1] Group 2: Financial Projections - For the fiscal year ending March 2025, Versace is expected to achieve sales of €810 million, with an estimated EBIT margin projected to be negative [2] - Versace is anticipated to contribute 13% to Prada's total revenue in the fiscal year 2024, with Prada's overall EBIT margin expected to decline from 23.6% to approximately 20% [2] - The acquisition aims to leverage Versace's brand potential and distinctive aesthetic, with expectations of further development through scale efficiencies within 24 to 48 months [2]

文/梧桐小新 4月6日晚，国信证券（002736）披露了《发行股份购买资产暨关联交易报告书（草案）（修订稿）》， 拟通过发行A股股份的方式向深圳资本、鲲鹏投资、深业 集团、深创投、远致富海十号、成都交子、海口金控购买其合计持有的万和证券96.08%的股份。本次交易作价51.92亿元 ，不涉及募集配套资金，亦未设置业绩补 偿机制，不构成重大资产重组，构成关联交易，不构成重组上市。 本次交易前后， 国信证券控股股东均为深投控，实际控制人均为深圳市国资委，不会导致上市公司控制权变更。 本次交易完成后， 万和证券将成为国信证券的控 股子公司，国信证券总股本将从96.12亿股增至102.16亿股。 | 交易形式 | 发行股份购买资产 | | | | | --- | --- | --- | --- | --- | | 交易方案简介 | | 上市公司拟通过发行A股股份的方式向深圳资本、鲲鹏投资、深业 | | | | | | 集团、深创投、远致富海十号、成都交子、海口金控购买其合计 | | | | | | 持有的万和证券96.08%的股份。 | | | | 交易价格 | | 519.183.79万元 | | | | 交易标的 ...