Data Trends for Investment Professionals


Mar 19, 2019

Confirmed: Jones Lang LaSalle | HFF

Real estate services provider Jones Lang LaSalle (JLL) said on Tuesday that it will buy capital markets services provider HFF Inc in a cash-and-stock deal valued at about $2 billion.

We captured a number of flights by JLL to airports near Dallas, TX, in 2018, including on December 19.

Mar 18, 2019

Confirmed: Fidelity National Information Services | Worldpay

Payment services provider Fidelity National Information Services (FIS) today said it would buy competitor Worldpay for $34 billion in cash and stock, making it the biggest deal ever in the international payments sector.

FIS, which focuses on the software behind payments for retail and banking, will assume Worldpay’s debt, bringing the enterprise value of the deal to about $43 billion. The companies said the merged entity will be better placed to serve the world’s growing e-commerce industry.

Worldpay sent executives to FIS Headquarters in Jacksonville, FL, on February 11.

Feb 26, 2019

Confirmed: Canopy Growth | Alimentation Couche-Tarde

Convenience store company Alimentation Couche-Tarde and cannabis producer Canopy Growth today announced a multi-year retail partnership . The companies initially plan to open a single cannabis store in London, Canada, but the deal could have bigger implications as the convenience store operator has 16,000 outlets worldwide, including 7,800 in the US.

Couche-Tarde had in September 2018 signalled interest in the cannabis market.

We captured a number of flights to key cannabis locations for the company, including a November meeting with Canopy Growth in Ottawa.

Feb 25, 2019

Confirmed: Roche | Spark Therapeutics

Swiss pharmaceutical giant Roche Holdings AG today announced a $4.8bn bid for Philadelphia-based Spark Therapeutics. Roche offered $114.50 per share, a premium of more than 122% to Spark’s closing price last week when it finished with a market value of $1.94bn.

We tracked Roche private jets flying to Philadelphia on October 10, 2018.

Feb 11, 2019

Confirmed: Morgan Stanley |Solium Capital

In its biggest acquisition since the financial crisis, Morgan Stanley said it is buying Canada’s Solium Capital for US$900m. The bank will pay C$19.15 a share for the Calgary-based manager of employee stock plans, a 43% premium over its Friday closing price.

We tracked Morgan Stanley making an atypical flight to Solium’s Calgary headquarters on January 1 and atypical flights to Solium’s US HQ in Tempe, Arizona, on February 2 and 4.

Feb 7, 2019

Confirmed: SunTrust | BB&T

SunTrust and BB&T banks announced a US$66 billion merger, forming the sixth-largest US bank based on assets and deposits.

SunTrust visited BB&T in North Carolina twice last week and once last August. Both firms were in New York on December 3.

Feb 4, 2019

Confirmed: Tesla | Maxwell Technologies

Tesla announced an all-stock acquisition energy storage company Maxwell Technologies for US$218 million, a 55% premium over its February 1 closing price.

We tracked Tesla taking a private jet from its Gigafactory in Nevada to Maxwell’s HQ in San Diego on January 27.

Jan 22, 2019

Rumor: Nestle

Private equity firms are looking to buy Nestle’s skin healthcare business, it was reported today.
A number of companies and private equity firms that are linked to this potential sale have been seen landing in Lausanne, Switzerland, home of Nestle’s health sciences unit.

Consumer-goods giant Johnson & Johnson, pharma firms Allergan and Pfizer, and private equity groups KKR and Carlyle Group have all made visits within the past six months.

J&J, notably, returned two additional times, including a recent trip on January 12th. The bidding process is expected to begin in March.

Jan 7, 2019

Rumor: Apollo | GE

Private equity firm Apollo Global Management LLC, is reported to be working on an offer to acquire General Electric’s aircraft leasing operations. Sources told Reuters that GE hasn’t yet agreed to a deal, and may decide to explore a deal with other buyers or not sell the unit.

CAI tracked Apollo’s fully owned corporate jet flying to Boston, home of GE’s headquarters, on December 18.

Dec 20, 2018

Confirmed: AB InBev | Tilray

AB InBev, the world’s largest brewer, is partnering with Canadian cannabis producer Tilray Inc, with each investing up to US$50 million in a venture that will research the production of cannabinoid-infused non-alcoholic beverages.

The beer maker has expressed interest in entering the cannabis space, and Quandl’s Corporate Aviation Intelligence data has captured AB InBev corporate jet flights to the headquarters of several cannabis firms. Notably, on December 5 an AB InBev jet was in Nanimo, BC, home to Tilray headquarters.

Dec 18, 2018

Confirmed: Cisco | Luxtera

Cisco announced plans to buy semiconductor company Luxtera for $660 million, to help meet its customers’ demand for internet bandwidth.

Quandl’s Corporate Aviation Intelligence data has captured flights by Cisco to Carlsbad, California, home of Luxtera’s headquarters, most recently on October 18.

Dec 7, 2018

Confirmed: Altria | Cronos

U.S.-based tobacco giant Altria , owner of the Marlboro brand, is taking a 45% stake in Toronto-based cannabis producer Cronos Group Inc. for C$2.4 billion (US$1.8 billion), the companies announced.

We tracked Altria-owned jets travelling from its Richmond, VA, headquarters to Toronto on October 15 and 27.

Altria is one of several Fortune 500 companies that Quandl’s Corporate Aviation Intelligence data has captured making flights to headquarters of cannabis firms in Canada and U.S. states where the drug is legalized. Other major companies include PepsiCo and Corona beer-maker Constellation Brands .

Dec 3, 2018

Rumor: Altria | Cronos

It is being reported that U.S.-based tobacco giant Altria is looking to acquire Toronto-based cannabis producer Cronos Group Inc.

We tracked Altria-owned jets travelling from its Richmond, VA, headquarters to Toronto on October 15, and 27. On Oct 10, we also tracked separate Altria flights from the Viking and Bjorgum Farm airports in Alberta to Hamilton, ON, a city neighboring Toronto.

The owner of the Marlboro brand has reportedly been considering an acquisition to move into the Cannabis space. In October, we tracked Altria jets travelling to near the headquarters of Edmonton-based Aurora Cannabis and to Aphria Inc’s headquarters in Leamington, Ontario. Canada this year legalized recreational use of marijuana.

Nov 20, 2018

Confirmed: Boston Scientific | BTG

Medical device maker Boston Scientific Corp today announced that it has agreed to buy London-listed BTG Plc for £3.3 billion.

We followed BSX corporate jets making atypical trips to London for meetings with BTG executives on September 23 and October 31

Nov 12, 2018

Confirmed: Confirmed: SAP | Qualtrics

German enterprise software giant SAP today announced it has agreed to acquire Qualtrics for $8 billion in cash, just ahead of the survey and research software company’s planned initial public offering. The deal is expected to be completed in the first half of 2019.

We tracked SAP’s fully owned private jets travelling to Qualtrics dual headquarters – in Provo, UT, and Seattle, WA – on multiple occasions including Nov 11, Oct 30, Aug 23, and in late 2017.

Nov 8, 2018

Confirmed: CommScope | Arris

Telecommunications equipment maker CommScope said it will take over Arris International, paying US$31.75 per share and assuming the company’s debt, for a total consideration of around US$7.4 billion.

On October 24th we highlighted that Commscope sent its executives to Atlanta to meet with Arris on October 4 and 5th.

Nov 5, 2018

Confirmed: ResMed| MatrixCare

Medical Software firm ResMed announced the US$750m acquisition of Minnesota-based MatrixCare.

We tracked ResMed’s fully owned private jets travelling from its San Diego headquarters to the privately held firm’s Minneapolis headquarters on June 16th.

Nov 1, 2018

Confirmed: Encana | Newfield

Calgary-based oil and gas firm Encana (ECA) is buying Newfield Exploration (NFX) of Houston for US$5.5bn. We tracked Encana and Newfield making multiple trips to key locations.

We note that while Encana is headquartered in Calgary, the firm’s CEO is based in Denver. ECA flew to NFX’s headquarters twice in October, including one trip earlier this week to finalize the deal. NFX was tracked making multiple trips to Denver over the past few months, most recently on October 8.

ECA jets also made multiple visits to NFX’s three key oil assets over the past few months, including the Anadarko Basin in Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin in Utah.

Oct 29, 2018

Confirmed: IBM | Red Hat

IBM announced the US$34bn cash takeover of Red Hat Inc., sending the North Carolina-based cloud software company’s shares up more than 45% intraday.

We tracked IBM sending its fully owned private jets to Raleigh on Oct 16 and Oct 28.

Oct 24, 2018

Rumor: CommScope | Arris

Telecom equipment maker CommScope is reported to be in talks to buy fellow mid-cap communications firm Arris International.

We tracked CommScope flying to Arris headquarters near Atlanta twice in early October.

Oct 17, 2018

Rumor: Landry’s | Caesars

Texas resident and CEO of Landry’s Inc, Tilman Fertita is said to have approached Caesars Entertainment about a possible merger.

We saw Caesars making two trips into Houston this week on Oct 12 and 14.

Oct 12, 2018

Rumor: Softbank | WeWork

Following rumors that Softbank could raise its equity stake in American workspace giant WeWork, we tracked the latter flying from their New York HQ to Japan on October 8 to meet with Softbank.

Oct 10, 2018

Rumor: Altria | Aphria | Aurora Cannabis

It has been reported that U.S.-based tobacco giant Altria (Marlboro) is looking to acquire an equity stake in the Canadian cannabis producer Aphria.

We tracked two Altria owned private jets on landing just outside of Aphria’s HQ in Leamington, Ontario on October 8.

However, both of Altria’s jets continued their journey to near Edmonton after visiting Aphria in Ontario. We note that Aurora Cannabis is based out of Edmonton, Alberta.

Sep 27, 2018

Confirmed: Stryker Corporation | HyperBranch Medical Technology LLC

Stryker continued its M&A spree this morning. We tracked the firm’s executives flying from its home in Michigan to Teterboro then onwards to Durham, NC where HyperBranch Medical Technology resides.

Stryker then announced the acquisition of the medical devices startup for $220M.

Sep 27, 2018

Confirmed: Keurig Dr. Pepper | Core Nutrition LLC

Keurig Dr. Pepper announced a US$435m acquisition of Core Nutrition LLC based out of Beverly Hills.

We tracked Keurig executives making an atypical flight to Los Angeles in mid July.

Sep 25, 2018

Confirmed: Inspire Brands | Sonic Corp

Inspire Brands announced a $1.6B acquisition of fast food chain, Sonic Corp.

The private equity firm that owns Inspire Brands flew to Oklahoma City twice last quarter for meetings with Sonic executives.

Sep 25, 2018

Confirmed: Empire Co. Ltd. | Farmboy

Empire Co. Ltd. announced an $800m acquisition of Farmboy.

We tracked Empire Foods flying from its Toronto and Nova Scotia HQ to home of Farmboy a total of seven times in the month of September.

Sep 07, 2018

Rumor: Caesars Entertainment | Jack Entertainment

Caesars Entertainment has been rumoured to be interested in purchasing an Ohio Casino. Jack Entertainment based out of Detroit operates 3 casino locations in the state of Ohio.

We tracked Caesars flying to Cleveland as well as Detroit in June and July.

Aug 31, 2018

Confirmed: HCA Health | Mission Health

HCA Health, the largest hospital operator in the U.S. is buying non-profit company Mission Health for US$1.5B.

We tracked executives from HCA Health flying to Mission HQ in Asheville, NC eight times since May.

Aug 21, 2018

Rumor: Constellation Brands | Canopy Growth

Constellation Brands announced a US$4B investment in Canadian marijuana company, Canopy Growth. We tracked Constellation Brands sending executives to Ottawa, Canada 8 times since June 2018.

Aug 17, 2018

Confirmed: Tyson Foods | Keystone Foods (Mafrig)

Tyson Foods is reported to be acquiring Keystone Foods from Marfrig for US$2.5B.

As reported on July 30, we had tracked Tyson executives completing its due diligence over the past 3 months. Our CAI product saw Tyson’s private jets making visits to Keystone headquarters in West Chester, PA followed by visits to Keystone processing plants in Alabama, Georgia and Kentucky.

Aug 02, 2018

Confirmed: Cisco | Duo Security

Cisco today announced its intention to buy Ann Arbor, MI-based security firm, Duo Security for $2.35B.

Executives from Cisco took a corporate jet to to Ann Arbor to finalize terms with the private company on July 26.

Jul 31, 2018

Confirmed: Fortive Corp | Accruent Inc

Fortive Corp announced the purchase of Austin based Accruent Inc for US$2bn.

We tracked the company visiting Austin for the first time in May followed by a visit to Accruent’s parent company Genstar Capital in San Francisco on 3 separate occasions the following month. This is the second acquisition we were able to track for Fortive using our Corporate Aviation Intelligence software. In early June, the company had purchased JnJ’s sterilization products business.

July 30, 2018

Rumor: TSN | Keystone Foods

Tyson Foods is reportedly close to buying Keystone Foods, a subsidiary of Marfrig Global Foods SA and a supplier of chicken nuggets to McDonald’s.

We saw Tyson foods flying to 3 key locations associated with Keystone foods including its HQ in West Chester, PA and two processing plants in Alabama and Georgia within the past quarter.

July 23, 2018

Confirmed: SNV | FCB

Synovus Financial Corp., the second largest bank in Georgia, announced today it is buying Florida’s largest community bank FCB Financial Holdings, Inc. for US $2.9bn. We tracked Synovus’ private jet as it traveled from its Georgia-based headquarters to Fort Lauderdale on June 13, 2018, near where FCB is based.

July 10, 2018

Rumor: BA | Saudi Arabian Airlines

Boeing is rumored to be working out a deal to sell 777x widebody jets to Saudi Arabian Airlines.

Our Corporate Aviation Data tracked Boeing executives travelling to Saudi Arabia in mid-June – a country they haven’t visited in over a year.

July 9, 2018

Insight: Barrick Gold | Shandong Gold Group

Canadian miner Barrick Gold furthered its partnership with Chinese company Shandong Gold Group.

We tracked Barrick recently making multiple trips to China and Argentina where both firms have mutual assets.

June 27, 2018

Confirmed: PF | CAG

Conagra announced a formal takeover offer for Pinnacle today for US$8.1bn.

Last week we highlighted that we have been able to closely track Conagra’s flights to the HQ of Pinnacle since May 2017 and the recent increase in flight from HQ to HQ was a good M&A signal.

June 22, 2018

Rumor: PF | CAG

Pinnacle Foods and Conagra are again in discussions for a merger. We tracked Conagra executives arriving in Morristown, NJ from Chicago on two planes on June 12th and they have been to the area 6 times in the past several weeks.

Conagra’s flight frequency to the area is similar to its behaviour in May 2017, when Conagra approached Pinnacle Foods with a takeover offer.

June 18, 2018

Insight: BA

Boeing executives were in Bangalore on Friday to announce the expansion of the firm’s Engineering and Technology Center – accommodating another 1,000 employees to drive aerospace innovation.

Although Boeing executives are global jet-setters (pardon the pun), rarely do they touch down in India. Our Corporate Aviation Intelligence data tracked Boeing executives arriving in Bangalore on the 14th – days ahead of the announcement.

June 7, 2018


Confirmed: JNJ | FTV

Washington-based industrial giant Fortive has agreed to pay US$2.7b for Johnson & Johnson’s sterilization products business, as reported yesterday.

On May 8th, Fortive executives flew from their headquarters in Everett, Washington to Teterboro, New Jersey to meet with Johnson & Johnson executives. There was a second flight to Teterboro on June 1st.

May 31, 2018

Insight: Allergan Plc

Drugmaker Allergan Plc (AGN) said it plans to sell two of its smaller businesses, the women’s health and infectious disease units. We looked at all the potential suitors in our CAI flight data over recent weeks to see if any executives have flown to Dublin for the purposes of a meeting with Allergan management.

Mylan (MYL) flew from their HQ in Canonsburg, PA to Dublin on May 25th, while pharma giant Pfizer (PFE) followed suit, flying 2 jets from White Plains, NY on the 28th.

May 30, 2018

Confirmed: PII | Boat Holdings LLC

Minneapolis based Polaris Industries has signed an agreement to purchase Boat Holdings LLC for US$805m.

Polaris’ management had taken 4 flights to meet with Boat Holding’s executives on May 17, May 8, April 26 and March 29 prior to the announcement of the deal.

May 23, 2018

Confirmed: KR | HomeChef

Today Kroger announced that they would acquire Home Chef, a private meal kit company, for US$700m.

Kroger executives flew from Cincinnati to Chicago, on Feb 21, confirming that discussions were already underway when rumours of the deal came out on April 6th. Kroger flew multiple time again to Chicago following the rumour and the most recent flight was on May 22nd to finalize the transaction.

May 16, 2018

Confirmed: SBUX

After tracking Nestle private jets flying into Seattle, WA to finalize their partnership with Starbucks (as detailed on May 7), we tracked Starbucks’ private jet leaving its HQ and flying to Shanghai on May 14th to kickoff its international strategy.

Our Corporate Aviation Data accurately tracks Starbucks’ movements, which consistently line up with significant corporate events.

May 16, 2018

Confirmed: Appaloosa Management | Carolina Panthers

Appaloosa Management president David Tepper has reached a deal to buy NFL’s Carolina Panthers, the team announced today.

CAI data shows two Appaloosa owned jets landing near the Panthers HQ in Charlotte, North Carolina. Both jets departed on May 9th from Appaloosa Management’s main areas of operation; Miami Beach and New Jersey.

Quandl’s Corporate Aviation Data covers 3,100 private companies, including those like Tepper’s Appaloosa, allowing you to track deals that others might miss.

May 9, 2018

Rumor: 7201.JP

On April 29th we spotted Nissan Motor Co. fly from Paris (HQ of its parent Renault) to Houston, TX. Notably, Nissan has flown to Nevada (1x), California (5x), New Jersey (3x), Washington (1x) and South Carolina (1x) within the past six months. This is in line with the Japanese firm’s plans to expand its manufacturing operations in the United States.

May 7, 2018

Confirmed: NESN | SBUX

Swiss company, Nestle SA signed an agreement to sell Starbucks products globally. We tracked Nestle private jets flying from its US headquarters to Seattle, WA on May 6th to finalize the partnership.

April 30, 2018

Confirmed: MPC | ANDV

Marathon Petroleum Corp. said it would acquire pipeline and refining company Andeavor for USD 23.3 billion, a deal that would create the largest US fuel maker. We found Marathon jets flying from its own headquarters in Ohio to Andeavor’s San Antonio, Texas headquarters on two separate occasions in the last three months. The flights were on February 12th and most recently March 25th.

April 25, 2018

Confirmed: CMCSA | SKY

Comcast announced on April 25, 2018 a USD 30.68 billion bid for UK broadcaster Sky plc. We tracked Comcast’s private jet flying from its headquarters in Philadelphia to Sky’s headquarters in London on March 20, 2018.

April 18, 2018

Confirmed: EMR | TXT

Textron Inc. announced on April 18, 2018 that it would sell its tools and test equipment business to Emerson Electric Co. for USD 810 million. CAI data shows that Emerson executives flew from Cleveland, Ohio to North Kingstown, Rhode Island (near Textron headquarters) on March 8.

April 16, 2018

Today we’re offering a glimpse of the insights our customers are leveraging right now through our Corporate Aviation Intelligence data product (CAI).

Bookmark this page as we will provide updates with definitive records of announced M&A activity that was detectable in advance through our data.

Rumor: Lumenis

Tel Aviv-based Lumenis is courting acquirers. Data shows a potential acquirer flying direct to Tel Aviv this month.

Rumor: AMZN | Flipkart

UPDATE (05/09): Though Amazon reportedly made a bid for Flipkart, the Indian e-commerce company has accepted Walmart’s offer for USD 16 billion instead. We tracked Walmart flying to India in January.

Amazon is rumored to bid for Flipkart, but so are others. Data shows multiple prospects flying to India within an appropriate timeframe.

March 26, 2018

Confirmed: CI | EXPR

Cigna Corporation announced the purchase of Express Scripts for USD $67 billion on March 8, 2018. Executives flew from HQ to HQ (Hartford, CT to St. Louis, MO) in Q4 2017.

March 18, 2018

Confirmed: KEURIG | DPS

Keurig Green Mountain Inc. agreed in late January to take control of Dr Pepper Snapple Group Inc. in a deal valued at USD 18.7 billion.

Supporting corporate travel included the fully owned Keurig Cessna departing HQ in Bedford, Mass on 11/20/17 and flying to Dallas.

MARCH 12, 2018

Confirmed: TGT | KR

We have seen exactly zero flights by the Target jet to Kroger HQ in Cincinnati, Ohio, since the Shipt acquisition was announced on December 13, 2017. This is in contrast to quarters 3 and 4, 2017, when the Gulfstream made regular visits to the Buckeye state.

Does this put to rest the rumor of an acquisition between Target and Kroger? Our take: the visits were oriented around Target’s then-pending acquisition of Shipt, a long-time Kroger partner. Nothing more, nothing less.

MARCH 10, 2018

Confirmed: WRK.N | KS.N

Packaging company WestRock Co agreed to buy smaller rival KapStone Paper and Packaging Corp for about USD 3.5 billion in late January.

Our data indicates visits from WestRock HQ in Marieta, GA to Vernon Hills, IL one week before the acquisition was announced.

Contact us to find out more about our Corporate Aviation Intelligence data feed:

Created with Sketch.