unparalleled insight on global M&A activity

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what we do

Chain Bridge Research is an independent research service founded in 2004 and dedicated to providing in-depth analysis and trading recommendations on M&A transactions in the Americas, Europe and Asia Pacific.



Merger reports

In-depth analysis of all announced mergers
& acquisitions

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We provide comprehensive tracking and analysis of the global M&A space with six distinct publications, all of which are emailed directly to clients immediately upon publication -

Initiation Reports
Full-length research reports that provide a complete view of the announced transaction including the strategic rationale, timetables, anti-trust and regulatory issues, potential counterbids, shareholder approvals and other components of the deal.  This report also includes a summary of the merger agreement, conference call and legal documentation when available.

Timely analysis on new developments including issues uncovered from conversations with IR, competitors and suppliers.

Daily Note
A comprehensive morning note alerting clients to important events scheduled for the day, transactions announced within the last 24 hours, news flow on previously announced deals and updates on potential acquisition targets.

Best Ideas
One-page summaries on our highest conviction ideas including regulatory risks, downside estimates and recommended trading strategy - published by region on the 15th of each month.

Deal Digest
A concise look at our top ideas globally, published every Friday afternoon, including analyst commentary on the week's news flow.  Clients without global coverage are provided a glimpse of our top ideas across all three regions.

Potential Deal
Focused on potential acquisition targets where the strategic rational has been identified with a non-binding offer or media report that the company has been approached.  This report includes company fundamentals, deal rationale, valuation analysis and a recommended trading strategy when appropriate.

DealBase was designed to overcome a simple problem - the lack of reliable and timely M&A data that can be quickly searched and downloaded from a single access point.

In addition to data on seven years of M&A activity in the Americas and Europe, DealBase also provides industry-specific deal multiples adjusted for exchange rates, share counts and other variables that may have changed since the deal was announced.  

DealBase is the only solution for quickly comparing pending and announced transactions, examining trends within industries or regions, or analyzing any situation where you need reliable data and valuation metrics on past and pending deals.  The database in updated weekly by the same analyst team that writes our full-length publications.

This platform and the downloadable dataset is included with every Chain Bridge Research subscription at no additional cost.

our team

Gábor Szabó, CFA

Prior to joining Chain Bridge Research, Gábor was employed at Raiffeisen Bank as a Senior Investment Product Manager. Previous to this, he served as an Investment Product Manager for mutual fund products at the Hungarian Branch Office of Citigroup. He joined Citigroup after almost two years as a financial analyst at K&H Bank. His Master’s Degree in Finance was obtained while attending Cornivus University of Budapest. Gábor speaks English, German, Spanish and Hungarian, and is a CFA Charterholder.

Gábor Kökösy

Gábor was employed at Porfolio.hu as an Equity and Forex Research Analyst before joining Chain Bridge Research. Prior to his employment at Porfolio.hu, Gábor worked with PricewaterhouseCoopers as a Tax Advisor Consultant. He attended CAH Dronten University of Applied Sciences in the Netherlands where he received his Bsc. of Honours Degree in Management and Agribusiness. He received his Master’s Degree in Economics while attending Cornivus University of Budapest. Gábor speaks English, German and Hungarian.

Theodor Dan Le

Theodor worked as a trainee at KPMG prior to joining Chain Bridge Research. He holds a strong educational background in economics and finance, with a BSc in Economics and Business Administration from Aarhus University in Denmark and an MSc in Finance from the University of Groningen in the Netherlands. Theodor is proficient in both English and Hungarian.

Contact Us Today

If you have any questions about our research or would like to subscribe, please contact PCS Research Group at +1-646-839-5566

All materials published by Chain Bridge Research are intended for use only by professional, institutional, buy-side investors. Use by the general investing public is prohibited. The information and analysis contained in these publications are copyrighted and may not be duplicated or redistributed for any reason. Chain Bridge Research reserves the right to refuse any subscription request based upon the above criteria. Companies and individuals residing in Hungary, and affiliates of firms based in Hungary are prohibited from subscribing to the services of Chain Bridge Research.

Neither the information, nor any opinion expressed, in a Chain Bridge report constitutes a solicitation by Chain Bridge for the purchase or the sale of securities. Chain Bridge reports do not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual investors. The information set forth in the reports was obtained from publicly available sources that we believe to be reliable. While due care is taken by Chain Bridge in compiling the data and in forming its opinions, Chain Bridge gives no warranty, express or implied, and it does not guarantee the accuracy or completeness of the information provided.

The reports published by Chain Bridge intend to provide professional, institutional, buy-side investors with a view regarding the various risks and critical factors impacting the completion of certain mergers and acquisitions. Therefore, the opinions expressed do not fit with traditional buy, sell, and hold ratings.