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Special Situations Research

Delivering institutional-quality equity research on spin‑offs, exchange offers, broken IPOs, post-bankruptcy reorgs and other investment opportunities in North America and Europe.

Why Choose Canyon River Advisors

We provide professional money managers with the insights they need to make informed decisions on complex corporate events.

Expert Analysis

In-depth research on special situations, spin-offs and other corporate events.

Unlimited Analyst Access

Communicate directly with the analyst team via Zoom, email and Bloomberg.

Actionable Insights

Detailed reports with clear investment theses, target prices, and conviction levels.

Experienced Team

Led by seasoned professionals with decades of experience in investment research.

Distinct Regional Coverage

We cover the event space in both the U.S. and Europe, so clients can choose one or both regions to suit their investment criteria.

Custom Requests

Our team is able to accommodate client requests for research on situations outside of our usual areas of focus.

Research Focus

Special Situations

  • • Broken IPOs
  • • Exchange Offers / Split-offs
  • • Potential Break-Up
  • • Post-Bankruptcy Reorg
  • • Spin-offs
  • • Other Situations

Geographic Coverage

  • Americas: North and South America
  • Europe: UK, Continental Europe
  • APAC: (Coming 2027)

Sample Publications

Unilever (ULVR LN) / Magnum Ice Cream (MICC) – UPDATE

Broken IPO Exchange Offer / Split-off Other Situation Post-Bankruptcy Reorg Potential Break-Up Spin-off
December 10, 2025

ULVR Completes the Separation of MICC; Maintain Post-Spin NEUTRAL Rating on ULVR with a BUY Rating on MICC On December 6, 2025, Unilever PLC (ULVR LN) completed the tax-free separation of its global Ice Cream division, The Magnum Ice Cream...

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Honeywell (HON) / Solstice (SOLS) – UPDATE

Broken IPO Exchange Offer / Split-off Other Situation Post-Bankruptcy Reorg Potential Break-Up Spin-off
November 20, 2025

Upgrade SOLS to BUY (from NEUTRAL) with Shares Seemingly Attractively Priced Following Post-Spin Sell Off Solstice Advanced Materials Inc, (NASDAQ: SOLS), completed its tax-free separation from Honeywell International Inc. (NYSE: HON) on October 29 2025; since that time, amid some degree...

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The service includes:

Comprehensive Reports

In-depth research reports analyzing each situation based on valuation, strategic rationale, timing and other factors with a firm trading recommendation and fair value estimates on each part of the transaction.

Sample report

Updates

Periodic updates on every situation under coverage, focusing on changes to the structure of the transaction, updates on financial performance, changes in management or other developments.

Sample report

Radar Screen

Ongoing monthly analysis on companies where we see a high probability of a value-unlocking event to occur, due to activist investors recently disclosing a position, changes in management/board structure or other qualitative factors.

Calendar

Published monthly, the Calendar provides summaries of every situation under coverage including recent news, changes to the timing and structure of the transaction and updates to our fair value estimates.

One-On-One Calls

Our analysts routinely discuss our investment theses with a client base of money managers focused on special situations and event-driven strategies. These one-on-one calls keep clients engaged with our highest conviction ideas.

Access the Full Service

If you would like to start working with or have questions about the service, please get in touch.

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