• Metro Bank, Biffa break blocks drought with good trades

  

  After a lull last week when many companies were in closed periods ahead of results, the equity block trades market is more vibrant this week, with several significant trades so far, including a successful capital increase for Metro Bank.

  • 26 Jul 2017

• Metro Bank raises £278m as it heads for first annual profit

  

  On Tuesday evening, Metro Bank, the UK challenger bank, completed a 9.9% capital increase, after announcing its fourth consecutive quarterly profit.

  • 25 Jul 2017

• Arena Events closes up 4.5% after £60m AIM IPO

  

  Shares in Arena Events Group, the UK supplier of temporary structures to festivals and sporting events such as Wimbledon and Glastonbury, closed 4.5% above their IPO price on Tuesday after the company made its debut on London’s Alternative Investment Market (AIM).

  • 25 Jul 2017

• Strix Group heads for £190m IPO on AIM

  

  Strix Group, the Isle of Man-based designer and maker of kettle safety controls, plans to raise £190m through an IPO on London’s Alternative Investment Market (AIM).

  • 25 Jul 2017

• First Biffa block trade clears at 4.8% discount

  

  On Monday night, Avenue Group, Bain Capital and Barings brought the first block sale of shares in Biffa, the UK waste disposal company, since its troubled IPO in October 2016.

  • 25 Jul 2017

• Tikehau Capital bags €702m to grow AUM

  

  Tikehau Capital, the French alternative asset manager, has raised €702m to accelerate its development, after its rights issue attracted substantial oversubscription by new and existing shareholders.

  • 24 Jul 2017

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Recent highlights

• Metalloinvest exits Norilsk Nickel via $400m block

  An otherwise quiet week for block trades was interrupted on Thursday night with a large selldown of shares in Norilsk Nickel, the Russian nickel and palladium mining company, by Metalloinvest, the steel maker and miner.

  • 21 Jul 2017

• Landis & Gyr sneaks over issue price after largest Swiss IPO since 2015

  Shares in Landis & Gyr, the Swiss maker of energy meters, closed 0.5% higher on their debut Friday, after a dip in morning trading, after the company priced its IPO at Sfr78, above the middle of the Sfr70-Sfr82 initial range.

  • 21 Jul 2017

• Empiric Student Housing gets £110m of £150m target

  Empiric Student Housing, the UK real estate investment trust, raised £110m in its sixth equity issue since its £85m IPO in June 2014. The deal fell short of its £150m target, amid a busy calendar of Reit and closed-end fund equity raisings.

  • 20 Jul 2017

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Deals in the pipeline

• Arena Events brings £60m IPO to reduce its leverage
• Landis & Gyr covers its Sfr2.3bn IPO on day one
• Adnoc mulls IPOs of services units
• Fashion group SMCP to try IPO again
• Greencoat aims for second hit with €250m IPO
• Santander prepares €7bn rights issue to recap Banco Popular
• Tyre maker Pirelli hits the gas on stockmarket return
• Top shareholders back rights issue for ailing Eltel
• Hot CLO, loan markets prompt GSO/Blackstone loan fund raise
• Russia’s MD Medical mulls share sale and loans to finance new hospitals
• Five set for Saudi Aramco roles, Moelis must share
• German IPOs off to poor start as AlzChem Pulls its €174m deal
• Italian bank recaps move ahead with UniCredit, UBI
• BRF mulls London IPO for halal poultry business
• Petro Rabigh rights issue mandate raises Saudi ECM hopes
• Volvo Cars bags Skr5bn ahead of possible stockmarket return
• Siemens to spin off healthcare unit, which makes 40% of profit
• Putin, ministers speak on Russian privatisation
• VTB first on the block as Russia embarks on mass state sell-off
• Mærsk shares soar 12% on hopes of break-up
• Ivory Coast change holds up Eranove IPO
• Romania ready to reboot stalled privatisation with Hidroelectrica
• Nykredit to float… in one to two years
• Budapest Bank can float, but no move on IPO yet
• An Aramco IPO could spark a foreign investment surge
• Aramco IPO: ECM world must hope the Saudis move swiftly

Completed deals

• Greencoat ups Irish wind IPO to €270m
• GS alumni’s Supermarket Reit raises £100m
• Ivanhoé Cambridge offloads most of its Gecina rights via tail swallow block trade
• Gecina's €1bn rights issue stands out from summer slowdown
• Polish, UK and US funds back Play in biggest Warsaw IPO for years
• DoBank IPO tempts investors into Italian NPL ‘sweet spot’
• Direct Energie raises €130m in block trade for M&A taking it into renewables
• Residential Secure Income Fund gets £180m for UK social housing investments
• Deutz dives 13% after AB Volvo sells its stake
• Warsaw IPO drama: Raiffeisen pulls, Play quick, GetBack done
• Zur Rose leaps 14% on debut after Swiss, German long-onlies pile in
• Derichebourg family sells 2% stake at top
• Raiffeisen eyes valuation close to book value for Polish arm
• UBI Banca rights issue, Unicaja IPO show funds open to south Europe banks
• Success for Unicaja as float fetches €688m
• Domino's Eurasia owner tumbles 20% after London debut
• Korian enters CB market with funky hybrid
• Investors gobble up Vapiano shares on debut
• Netherlands sells ABN Amro at tighter discount
• Soitec owners sell €124m block after 100% rally
• TBC Bank exit raises £43m for SocGen
• Sagi rolls dice for £318m Playtech block
• General Atlantic sells another chunk of Springer at tight discount
• Success for Ireland as Allied Irish rises 5% after €3bn IPO
• STMicro gets $1.5bn with ‘fairly priced’ CB as market revives
• Apax, others sell down €297m in Altran
• Spanish IPO fiesta continues as Neinor rises on day one
• Medica Group climbs 44% since London IPO
• Segro bags £576m for new ventures