• Rocket dives 14% after Kinnevik cuts stake

    Rocket Internet, the German internet venture capital group, closed 14% lower on Thursday after Kinnevik, the Swedish investment company that was one of its earliest backers, sold half its stake through an accelerated bookbuild after the stock had rallied over the past three months.

    • 23 Feb 2017
  • Bain continues Bravida exit with third ABB

    Bravissima Holding, an investment vehicle controlled by Bain Capital, has hired Deutsche Bank and Nordea to sell a 12.1% stake in Bravida, the Swedish heating, plumbing and electrical installation company, through an accelerated bookbuild launched after the market close on Wednesday.

    • 22 Feb 2017
  • Arabtec rises as Dh1.5bn rights issue gets go-ahead

    Shares in Arabtec Holding, the largest listed construction company in the United Arab Emirates, surged 15% on Wednesday after it said regulators had approved its plans to raise Dh1.5bn ($408m) through a rights issue to strengthen its balance sheet after a second annual loss in 2016.

    • 22 Feb 2017
  • Deutsche Wohnen’s three-leg capital raising could be copied

    Deutsche Wohnen, the German housing company, has raised €1.34bn of equity and convertible debt at attractive terms, in what bankers have claimed is the first three-legged trade of its kind in Europe.

    • 22 Feb 2017
  • Nordic Capital reopens blocks market with Skr1bn Resurs sale

    Nordic Capital has completed the first selldown of shares in Resurs Holding, the Swedish retail finance company, since its IPO in April 2016.

    • 21 Feb 2017
  • Deutsche Wohnen launches €1.3bn share and CB sale

    Deutsche Wohnen, the German housing company, has launched this evening a parallel issue of €500m of new shares and an €800m convertible bond, breaking a quiet spell in Europe’s equity-linked market.

    • 21 Feb 2017
  • RenoNorden raises Nkr350m after 2016 losses

    RenoNorden, the Norwegian waste management company, has finished its Nkr350m (€39m) rights issue to prevent it breaking its debt covenants after losses in 2016.

    • 21 Feb 2017
  • Top shareholders back rights issue for ailing Eltel

    Shares in Eltel, the Swedish intranet company, jumped 14% on Tuesday after it announced its 2016 results, the sale of non-core assets, the revision of its debt covenants, and a rights issue to finance its restructuring and return to profitability.

    • 21 Feb 2017
  • Hot CLO, loan markets prompt GSO/Blackstone loan fund raise

    Investor demand for exposure to global loan and CLO products has prompted GSO/Blackstone’s listed Loan Financing Fund, which invests in US and European senior secured loans both directly and through CLO debt, to plan a new share issue.

    • 21 Feb 2017
  • BBVA sells opportunistic $587m China Citic Bank block

    BBVA sold down part of its holdings in China Citic Bank Corp for HK$4.6bn ($587.2m) on Wednesday, taking advantage of an unexpected rally in Chinese banking stocks.

    • 17 Feb 2017
  • SUBbed off: CS might shelve IPO

    Credit Suisse partially stepped away from its plan to place part of its ‘Swiss Universal Bank’ on the market to raise capital, as the bank’s asset disposals and legal settlements came out better than expected, taking the pressure off the bank's capital levels.

    • 16 Feb 2017
  • IPO market warms up as Prosegur Cash, MDM Group join second quarter pipeline

    Europe’s IPO market — sluggish, so far this year — is beginning to warm up, with the announcement of a smattering of new deals this week.

    • 16 Feb 2017
  • Block pace brisk as PEs exit Flow Traders, Waterproofing

    Equity block trading activity this week in Europe has remained brisk, with 10 deals completed in the first four days, though of smaller size than in the last couple of weeks. Issuance so far this year, after the first month and a half, now totals €10.4bn, more than double what was sold in the same period last year, when markets were troubled by Chinese stockmarket volatility.

    • 16 Feb 2017
  • EDF’s €4bn rights issue to come amid run-up to election

    Electricité de France plans to bring its long-awaited rights issue to market in March, against the backdrop of a crucial presidential election campaign in France.

    • 14 Feb 2017
  • Credit Suisse surprises on capital, DoJ forces loss

    Credit Suisse finished 2016 with a Sfr2.4bn ($2.39bn) annual loss but investors found reasons for optimism in the bank’s strong capital position and revenue growth in investment banking and capital markets, causing the stock price to rise 3.05% on the morning it reported.

    • 16 Feb 2017
  • Arabtec seeks Dh1.5bn in Aabar-backed rights issue

    Shares in Arabtec Holding, the Dubai-based construction company, slumped 9.8% on Monday morning after it said it would complete a Dh1.5bn ($408m) rights issue after its second consecutive annual loss.

    • 13 Feb 2017
  • Russia’s MD Medical mulls share sale and loans to finance new hospitals

    MD Medical Group, the Russian private hospitals group that specialises in paediatric and maternity care, will consider a share sale on the London Stock Exchange to partly finance the opening of 10 new medical facilities across Russia over the next three years.

    • 15 Feb 2017
  • Terex sells €257m of Konecranes after lock-up waived

    Terex Corp, the US maker of lifting and material processing machinery, has sold a 9.5% stake in Konecranes, the Finnish crane manufacturer, after a lock-up agreement was waived.

    • 15 Feb 2017
  • Avantium in €100m IPO for chem plant

    Avantium, the Dutch 'renewable' chemicals producer, intends to raise up to €100m by selling new shares on the Euronext Amsterdam and Euronext Brussels by the end of the first quarter.

    • 13 Feb 2017


Recent highlights

  • Five set for Saudi Aramco roles, Moelis must share

    Saudi Aramco is set to appoint up to five banks to advise it on its potential initial public offering after a six month pitching process reached its climax this week. Contrary to earlier reports, Moelis & Co will not be the sole adviser, but will be joined by another independent, two bulge bracket banks and a local firm, writes David Rothnie.

    • 09 Feb 2017
  • Vinci, Severstal win juicy terms with CBs in deal-hungry market

    Equity-linked bond issuance, lagging behind demand in Europe, showed a burst of vigour on Thursday with the launch of three deals, including substantial convertibles for Vinci and Severstal that were both eagerly received.

    • 09 Feb 2017
  • Guryev sells 4.5% of PJSC PhosAgro as investors warm to Russian stocks

    Adorabella Ltd, a vehicle controlled by billionaire Andrey Guryev and his family, has sold a 4.5% stake in PhosAgro, the Russian maker of phosphate-based fertilizers, for Rb14.8bn ($250m) via an accelerated bookbuild on Wednesday night that was covered in an hour.

    • 09 Feb 2017


Deals in the pipeline

Completed deals

Capital markets data from GlobalCapital


Go to GlobalCapital's Equity data pages for our daily updated EMEA IPO pipeline, as well as revenue and bookrunner league tables for equity capital markets around the world.


Equity people & markets

  • Citi names equity sales head

    Citi has named appointed an internal candidate as its global head of equity sales.

    • 23 Feb 2017
  • Barclays sucks up CIB profit dip to pay bonuses earlier

    Barclays showed some quality on Thursday, beating the Street’s estimates on capital and profit after extraordinary charges. The bank rode the wave of surging trade volumes in the fourth quarter and a strengthening dollar, but investment banking outperformed as well. Best of all, for its bankers, the firm said it was bringing forward bonus payments.

    • 23 Feb 2017
  • Crédit Agricole's investment bank comes back to corpfin

    The spectre of further regulatory upheaval in the shape of Basel IV is driving the strategic thinking of the long-serving boss of Crédit Agricole’s corporate and investment bank, writes David Rothnie.

    • 22 Feb 2017
  • HSBC loses India ECM head

    HSBC’s equity capital markets head for India has left the bank, GlobalCapital Asia understands.

    • 22 Feb 2017
  • Nomura hires for FIG coverage, Italy IB

    Nomura has hired two bankers into its investment banking division, a new head of investment banking for Italy and a FIG coverage banker.

    • 20 Feb 2017
  • UBS trims senior investment banking ranks

    UBS Investment Bank has cut senior figures from its corporate finance business with Will Barter, the co-head of its UK investment banking division, leaving the firm.

    • 16 Feb 2017

more people & markets


equity news archive



Bookrunners of Global ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 Goldman Sachs 8,014.70 38 8.60%
2 JPMorgan 5,666.15 50 6.08%
3 Bank of America Merrill Lynch 5,638.18 48 6.05%
4 Morgan Stanley 4,283.52 40 4.60%
5 Citi 4,199.03 45 4.51%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Goldman Sachs 1,774.56 8 9.26%
2 Morgan Stanley 1,728.90 15 9.02%
3 JPMorgan 1,456.77 11 7.60%
4 Bank of America Merrill Lynch 1,450.69 9 7.57%
5 UBS 1,317.06 9 6.87%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 JPMorgan 62,591.98 254 8.02%
2 Citi 61,005.69 220 7.81%
3 Bank of America Merrill Lynch 58,608.72 174 7.51%
4 Barclays 54,439.39 163 6.97%
5 Goldman Sachs 46,279.46 130 5.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Deutsche Bank 7,631.43 12 11.03%
2 Bank of America Merrill Lynch 4,575.12 14 6.62%
3 Citi 3,984.96 10 5.76%
4 Commerzbank Group 3,849.81 7 5.57%
5 HSBC 3,720.28 13 5.38%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Goldman Sachs 1,774.56 8 9.26%
2 Morgan Stanley 1,728.90 15 9.02%
3 JPMorgan 1,456.77 11 7.60%
4 Bank of America Merrill Lynch 1,450.69 9 7.57%
5 UBS 1,317.06 9 6.87%