For those looking for data on Spinoff performances, search no further than the weekly Spinoff Screener – a sortable compilation of all previously completed break-ups and how they’ve performed in their first year of trading and to date since listing. Additionally, come to our conference at the Penn Club on November 21 and see this data and more in action and sourcing ideas in the space.
15 Nov 2019
Last week saw the announcement of a new US Spinoff, the management of Madison Square Garden (MSG) completely flipping the Spinoff structure ahead of its Q1 2020 break-up as well as the beginning of the offering date of France’s lottery, Francaise des Jeux (FDJ). Click here for more on these names as well as the release of our Special Sits idea, Bed Bath & Beyond (BBBY) as well as the upcoming stake distribution of Kinnevik AB (KINVB SS).
12 Nov 2019
In a reversal of their largely negative-returning IPO-Spin peers, the recently separated Envista Holdings, Inc. (NVST) and BellRing Brands, Inc. (BRBR) are maintaining their positive performances following their partial IPOs leading toward their remaining distributions in Q1 2020. Alongside the performance data on all previously completed Spinoffs between 2010 and 2019, see the second tab of the enclosed Screener for more details on IPO-Spin performances.
08 Nov 2019
In our Idea Generator, we explore this week’s privatization of France’s lottery, Francaise des Jeux (FDJ), as well as Bed Bath & Beyond’s (BBBY) new CEO effectively taking his position this week and what that could mean going forward. Our full analysis will be out on both these names this week. Likewise, we continue to see upside in Ingersoll-Rand (IR) and Associated British Foods (ABF), both jumping on their recent earnings. Click here for more.
05 Nov 2019
Today, Prudential Plc (PRU LN) Spun off its UK & Europe asset management business, M&G Plc (MNG LN), ahead of a no-Brexit deal on Oct 31. Likewise, Post Holdings (POST) IPO’d a 26% stake of its active nutrition segment, BellRing Brands (BRBR), last Thursday ahead of its Spinoff by mid-Apr 2020. For more on these ideas, what's coming up as well as the upcoming privatization of the French state lottery, click here.
21 Oct 2019
Among the upcoming 2020 Spinoffs are strong performers from previous break-ups – like Danaher (DHR) with +78% since its 2016 Spin (vs. the Index’s +40%); Fortive (FTV) also in 2016 with +44% (vs. the Index’s +40%); and Post Holdings’ (POST) 2012 Spin return of +273% (against the Index’s +117%). These performances are detailed in the weekly Screener, as well as more relatable 1-year returns, and help to demonstrate how these companies may continue to outperform with their upcoming break-ups.
18 Oct 2019