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Yahoo
38 minutes ago
- Yahoo
Top M&A legal advisers in automotive revealed for H1 2025
A&O Shearman has emerged as the top legal adviser for mergers and acquisitions (M&A) by deal value in the automotive sector for the first half (H1) of 2025, while CMS and Kirkland & Ellis have taken the lead by deal volume, as per data and analytics firm GlobalData's latest legal advisers league table. A&O Shearman advised on automotive M&A deals worth $2.17bn, securing the top spot by value according to GlobalData's Deals Database. CMS and Kirkland & Ellis, each advising on four deals, have co-led the automotive sector in terms of volume. GlobalData lead analyst Aurojyoti Bose said: 'Kirkland & Ellis was the top adviser by volume in H1 2024 and retained the top spot by this metric in H1 2025 as well. Meanwhile, CMS registered an improvement in its ranking by volume from the third position in H1 2024 to the top position in H1 2025. 'Meanwhile, A&O Shearman's ranking by value jumped from eighth position in H1 2024 to the top position in H1 2025 as there was more than a four-fold jump in the total value of deals advised by it during the period. "This jump in value was driven by its involvement in $1.4bn deal for the acquisition of Dowlais by American Axle & Manufacturing. Apart from leading by value, A&O Shearman also held the fifth position by volume in H1 2025.' Cravath Swaine & Moore, Norton Rose Fulbright, and Slaughter and May shared the second spot by value, each advising on a $1.4bn worth deal. Following closely, Cleary Gottlieb Steen & Hamilton advised on a deal valued at $735m, showcasing their ability to handle significant transactions within the industry. In terms of volume, AZB & Partners and Baker McKenzie were tied for the third position, each firm advising on three deals. They were followed by A&O Shearman advising on two deals. GlobalData's league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names. To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers. "Top M&A legal advisers in automotive revealed for H1 2025" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
CNBC
2 hours ago
- CNBC
Investor Dan Niles' favorite picks for the rest of earnings season
Investor Dan Niles highlighted two of the "Magnificent Seven" tech cohort as his favorite stock picks for the rest of the second-quarter earnings season. This first of these two names was Microsoft , which reports its fiscal fourth-quarter earnings after next Wednesday's closing bell. Shares have surged about 22% this year. Part of the reason the stock looks attractive, the founder of Niles Investment Management said, is because "they had such a rough time last year." Azure, Microsoft's cloud computing platform, was "a disappointment" for the company three quarters in a row, he said. Microsoft finished 2024 with a 12% gain, while the S & P 500 rose 23% in that same time period. But things started picking up for the company after Microsoft partnered with OpenAI on the Stargate AI supercomputer in January of this year, Niles said. The OpenAI program runs on Azure, and OpenAI also announced it would make a "new, large Azure commitment." "Then they did the Stargate deal, where they restructured their agreement with OpenAI — and in the March quarter, they actually saw Azure reaccelerate. It grew 2% faster than it did in the December quarter. And I think you're going to see that continued benefit as you go into June," Niles, the founder of Niles Investment Management, said Friday morning on CNBC's " Squawk on the Street ." However, Niles did voice some caution that the bar may be high heading into Microsoft's print. "Obviously, everybody expects good results, which is the one concern." Niles' second stock pick for the season was AI poster child Nvidia , which reports second-quarter results on Aug 27. He said he became particularly bullish on the stock after it had to write off inventory that could no longer be sold to China due to a ban from Washington . However, last week the company said that it can continue selling its H20 chip to China, reversing this previous ban. "I got bullish on that after the write-down, and now China comes back into the models when it got taken out of the models, and you're seeing capex now really strong, driven by inference , which is much more sustainable than training," Niles said. AI inference refers to the process of coming up with conclusions using brand new data that's fed into a machine learning model. Training refers to the process of "teaching" a model so that it can recognize patterns. "Because we all want answers to our questions. We don't care about the training, and so I think you're going to see that continue to do well," Niles said. The H20 chip is less advanced and designed specifically to comply with U.S. export restrictions to China. Nvidia CEO Jensen Huang has voiced his desire to ship more advanced chips into the country.
CNBC
3 hours ago
- CNBC
Luxury and the 'K-shaped' economy
CNBC's Robert Frank joins 'Squawk on the Street' to discuss how luxury stocks are performing amid consumer pullback.
