Wall Street M&A and mega-deals are back—billions and billions of dollars' worth of them. Happy Days are here again!
In the fray is Mondelez, with its $6.7-billion revenue line of products like Oreos, Ritz Crackers and other Baby Boomer favorites. The transaction actually marked my favorite deal so far this year.
The company is acquiring Tate's Bake Shop, which makes chocolate chip cookies out of Southampton, NY. And the price tag of $500 million is not even a rounding error on Mondelez's balance sheet.
Amazingly, this is the first deal for Mondelez's new CEO, Dirk Von de Put, since he took up the helm. Upon announcing the acquisition, Von de Put stated that he was spurred to green-light the buy because Tate's uses healthy ingredients—a noble cause, in his estimation.
It will be interesting to observe how the new CEO plans to ramp up the Southampton Cookie Monster.
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Job Listings
AMERICAN EXPRESS
Director, Strategy & Execution (Global Real Estate)
(NEW YORK) Duties include: providing ongoing strategic support for prioritization and evaluation of deal pipeline and company-wide initiatives, including regular interactions with GSG teams; and developing overall M&A strategy and conducting regular reviews with senior business leaders across all areas of the company.
LMC
Development Associate
(BOSTON) Associate will assist the Development Team with all aspects of real estate development including, but not limited to: financing, entitlement, government approvals, consultant coordination, public relations, design, leasing/marketing, and construction oversight.
A & E REAL ESTATE
Acquisitions Associate
(NEW YORK) Position will focus on all aspects of real estate acquisitions and development including financial analysis and modeling, due diligence, legal document review, and ad hoc analysis.
AIMCO
Vice President, Development
(LOS ANGELES) Reporting to the Senior Vice President of Development, role will oversee many aspects of the development, redevelopment and repositioning of large multi-family properties in the local key target markets with a special focus on California.
KELLER AUGUSTA PARTNERS
Underwriting Analyst
(WASHINGTON, DC) Client, headquartered in New York, is an FHA/HUD approved lender and CMBS lender, focusing on the origination of multifamily and healthcare mortgages. To complement those business lines, Client also offers bridge loans and preferred equity/mezzanine loans.
AMAZON.COM
Real Estate Counsel
(SEATTLE) Corporate Counsel, Real Estate, will serve work with Amazon's existing real estate attorneys to support Amazon's NA Operations and Fulfillment teams and partner with them to lease, launch and manage Amazon's NA Operations and Fulfillment facilities.
GENESIS CAPITAL, LLC
Portfolio Management Associate
(WOODLAND HILLS, CA) Portfolio Management Associate will be responsible for performing analysis on new and existing loans, writing credit memorandums for senior management and senior partner review, and monitoring and managing Genesis' existing loans and borrowers.
NAMDAR
Asset Manager, Retail
(GREAT NECK, NY) Duties include: overseeing all aspects of an asset; creating business plans of assets as well as overseeing all transactions and sales; and performing long-term analyses to project future profits.
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Anthony J. LoPinto
Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.
