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Student-Led M&A & Private Markets Insights

This page showcases a curated selection of transaction reports produced by members of the Edinburgh Finance Society as part of our Deal Groups initiative.

 

Each report provides a concise, analytical deep dive into a real M&A or private markets transaction, focusing on strategic rationale, valuation, deal structure, and key investment considerations. The aim is to help students develop practical, deal-oriented thinking while building tangible work that can be referenced in applications and interviews.

 

The following materials were prepared independently by members of the Edinburgh Finance Society for educational purposes only. They do not constitute investment advice, nor do they reflect the views of any firms referenced. All information is based on publicly available sources and student analysis.

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01

PNC’s Acquisition of FirstBank

PNC Financial Services | FirstBank | 2024

  • View Report

  • Teaser:

    • Regional bank consolidation strengthening PNC’s Southeast footprint

    • Highlights strategic scale benefits and integration-driven value creation

  • Authors: EFS Deal Group

  • Sector: Banking / Financial Institutions

02

Blackstone’s Acquisition of AirTrunk

Blackstone Infrastructure | AirTrunk | 2024

  • View Report

  • Teaser:

    • Landmark digital infrastructure investment in hyperscale data centres

    • Demonstrates strong thematic conviction around AI-driven demand

  • Authors: EFS Deal Group

  • Sector: Private Equity / Infrastructure / Tech

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03

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HSBC’s Strategic Repositioning of Hang Seng Bank

HSBC | Hang Seng Bank | 2024

  • View Report

  • Teaser:

    • Capital optimisation move sharpening HSBC’s Asia-focused strategy

    • Reflects portfolio streamlining and minority stake dynamics

  • Authors: EFS Deal Group

  • Sector: Banking / Asia Strategy

04

PepsiCo’s Acquisition of Siete Foods

PepsiCo | Siete Foods | 2024

  • View Report

  • Teaser:

    • Expansion into fast-growing better-for-you Hispanic food segment

    • Strategic bolt-on accelerating PepsiCo’s premium snacking platform

  • Authors: EFS Deal Group

  • Sector: Consumer / Food & Beverage / M&A

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05

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Air France-KLM & SAS Capital Restructuring

Air France-KLM | SAS | 2023–2024

  • View Report

  • Teaser:

    • Complex cross-border restructuring enabling SAS recapitalisation

    • Blends state involvement, creditor negotiations and strategic investment

  • Authors: EFS Deal Group

  • Sector: Airlines / Restructuring / Cross-border M&A

06

Virgin Media O2 & Vodafone UK Network Sharing Deal

Virgin Media O2 | Vodafone UK | 2024

  • View Report

  • Teaser:

    • Strategic network consolidation improving capital efficiency in UK telecoms

    • Highlights infrastructure synergies and competitive positioning

  • Authors: EFS Deal Group

  • Sector: Telecom / Infrastructure / M&A

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