• Hamborner Reit trades flat after successful rights offer

  

  Shares in Hamborner Reit, the German real estate investment trust, traded flat on Tuesday after the company completed a €166.5m rights issue to finance the expansion of its property portfolio.

  • 27 Sep 2016

• Internationella Engelska Skolan's sellout IPO bags $70m

  

  The IPO of Internationella Engelska Skolan, a leading Swedish international school operator, is likely to achieve a valuation of around Skr2.1bn ($244m) after the deal ended up multiple times covered at its maximum size.

  • 26 Sep 2016

• Oberbank sets terms for €105m capital increase

  

  Oberbank, the Austrian regional lender, has announced the pricing and timetable for its rights issue, intended to raise up to €105.9m to fund its expansion.

  • 26 Sep 2016

• Fistful of block trades sells out, with CaixaBank, Veolia, Scout24

  

  The blaze of equity block trades on Thursday night was well received, with important deals completed for CaixaBank and in shares of Veolia Environnement and Scout24.

  • 23 Sep 2016

• Innogy IPO shoots for €5bn with BlackRock cornerstone bid

  

  RWE has announced the price range for the IPO of its renewables business Innogy, which could become the largest IPO in Europe since 2007 if it reaches its maximum €5bn size.

  • 23 Sep 2016

• PPC escapes debt hole with R4bn rights

  PPC, the largest listed South African cement producer, has completed its fully underwritten 16-for-10 rights issue in Johannesburg, raising R4bn ($280m) to clear its debts in the wake of a downgrade by Standard & Poor’s.

  • 22 Sep 2016

• Nets IPO nets a shoal of investors but falls on first day

  Nets, the Nordic digital payments processor, fell on its first day of trading in Copenhagen, after completing a Dkr15.75bn ($2.4bn) IPO that won very strong demand and was priced highly.

  • 22 Sep 2016

• Ubisoft’s €400m CB just what buyers want: volatile, good credit

  Ubisoft, the French computer games publisher, raised €400m on Wednesday in a highly successful convertible bond issue that was the first capital markets deal in its stock since 2010.

  • 21 Sep 2016

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Recent highlights

• Bayer makes it rain for corporate finance

  Bayer clinched a $66bn agreement to buy Monsanto this week, forming a global leader in farming technology and promising a shower of capital markets transactions that will test debt and equity markets — but may also delight them.

  • 15 Sep 2016

• Informa rises 6% after launching £715m M&A rights offer

  Shares in Informa, the UK publishing and events company, closed 6% higher on Thursday after it launched a fully underwritten £715m rights issue to partially finance its £1.18bn takeover of Penton, the New York-based information services and business-to-business publisher, in a transatlantic deal which the company says will expand its reach in the global exhibitions industry.

  • 15 Sep 2016

• Biffa to float in largest post-Brexit London IPO

  Biffa, the UK waste management company, has announced its intention to float on the London Stock Exchange.

  • 15 Sep 2016

• Bayer prepares to break ECM records for $66bn Monsanto deal

  Bayer, the German life sciences company, has clinched an agreement with the board of Monsanto to buy the US company for an enterprise value of $66bn, to be financed with one of the largest rights issues in history.

  • 14 Sep 2016

• Pure Gym flexes its financial muscles with £190m IPO

  Pure Gym, the UK’s largest gym operator, is proceeding with its £190m IPO on the London Stock Exchange to finance its expansion plans and substantially reduce debt.

  • 14 Sep 2016

• Pure Gym looks to bulk up with IPO in busy autumn primary scene

  Pure Gym looked to demonstrate on Wednesday a primary market in excellent health as it announced one of two IPOs on behalf of private equity sellers amid a bulging pipeline of issuance.

  • 14 Sep 2016

• Air Liquide rises after setting terms for its €3.3bn rights offer

  Shares in Air Liquide, the French supplier of industrial and healthcare gases, closed 4.8% higher on Tuesday after it announced the full terms for its €3.3bn rights issue, to refinance a loan used to buy Airgas, a US competitor, in May.

  • 13 Sep 2016

• Nets opens IPO book, hoping for valuation up to $4.8bn

  Nets, the largest digital payments processor in the Nordic region, has announced the price range for its Copenhagen IPO, which values the business at up to $4.8bn, almost double the price its private equity owners Advent and Bain paid for the company in 2014.

  • 13 Sep 2016

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Deals in the pipeline

• European IPO market reopens as Nets announces Dkr5.5bn flotation
• MPS slides 17% after rescue plan made public
• nanoFlowcell plans London IPO amid restructuring
• Telefónica could float Telxius, O2 by the end of the year
• Hollywood Bowl IPO hits the gutter but AIM firms remain optimistic
• Nova Ljubljanska IPO preparation delayed until volatility subsides
• Mærsk shares soar 12% on hopes of break-up
• Másmóvil to swallow Yoigo as Spain telcos consolidate
• DNA mulls second IPO attempt
• TBC Bank to follow Bank of Georgia to main LSE list
• Ivory Coast change holds up Eranove IPO
• Romania ready to reboot stalled privatisation with Hidroelectrica
• DB lead adviser on Nova Ljubljanska IPO
• Bank of Cyprus to list on LSE early in second half of 2016
• Postbank to regain autonomy by mid-2016
• Nykredit to float… in one to two years
• Soitec readies two-stage cap increase to buy back CB
• Lloyds retail privatisation must wait for sunnier days
• Russia to rev up privatisation of crown jewels
• Budapest Bank can float, but no move on IPO yet
• Chemring seeks £81m rights as bullets fall
• Ferrovie IPO could take place this year
• An Aramco IPO could spark a foreign investment surge
• Aramco IPO: ECM world must hope the Saudis move swiftly

Completed deals

• Ascendis Health raises $83m for European expansion
• Starwood European Real Estate Finance wins £73m for investment
• MAS Real Estate sells 7.2% of Siruis
• Ethos Capital falls on Johannesburg debut
• Tullow Oil and Nyrstar prove CB buyers’ thirst for tough risks
• Zinc firm Nyrstar raises €115m with CB but shares dive
• Faroe Petroleum drops 10% after £62m capital increase
• IPP completes £125m capital raise at narrow 1.97% discount
• Pharnext completes Paris IPO, raising €30.9m to fund advanced clinical trials
• Block trades in Hera and Stabilus go well
• Fagron finishes recap after US blow via €88m rights issue
• OHL’s €815m Abertis block lifts ECM hopes, but seller’s debt hit
• Safe as Swiss houses: Investis in first IPO after UK vote
• SSAB’s Skr5bn debt-cut rights issue oversubscribed
• Banco Popolare gets 99% rights take-up, Veneto IPO set to fail
• Cobham completes rights issue with tiny rump sale
• Banco Popular rights oversubscribed as key shareholders stay in
• Veneto IPO hopes fade as multiple maths makes it a hard sell
• Time Out drops after £90m Aim IPO for digital growth
• Dong IPO a $2.6bn hit as funds, retail buy wind growth story
• Airbus boosts Dassault Aviation liquidity, keeps upside with €2.4bn bond/block
• Basic-Fit IPO trades down 3% after Friday IPO
• ASR Nederland IPO goes well on yield, value
• Van Lanschot jumps after re-IPO prices above bottom
• Auto Trader, RPC, Intertrust in block blizzard
• Debt buyer B2Holding gets Nkr650m in Oslo flotation
• Wham! BAM gets €125m to refi sub loan with CB at 3.5%
• Glanbia’s unique CB gets €100m for milk price hedge
• Kansai Paint ¥100bn CB hits two sweet spots
• Cleopatra Hospital raises E£360m for growth in IPO
• Investec gets £138m to buy back prefs with 5% raise
• IK Investment Partners sells out of Attendo in ABB
• BP’s first CB revives equity-neutral theme as funds punt on oil
• Block action takes CVC out of Evonik, Argen sells HBC
• ForFarmers trades up after listing, to €740m valuation
• Siem Industries brings third Subsea 7 exchangeable bond
• Bpifrance sale of Eiffage follows week of successful block trades
• Bekaert succeeds with €380m CB and buyback of old one
• Moneta Money Bank joins ranks of well-trading IPOs, despite profit fall
• Santé! ASIT Biotech lands €24m hay fever IPO in Paris and Brussels
• Rare growing oil sector firm Sif Group succeeds in second IPO run, raising €112m
• Bruxelles Lambert wins big take-up on Engie EB tender
• MTU Aero zooms to €500m CB at best to refi old bond
• Nexity’s €269m CB flies at best end as funds switch in
• Centrica raises £700m for debt cut in one day ABB
• Wendel frees cash with €1.7bn ABB and EB on Saint-Gobain
• Kaufman & Broad’s re-IPO leads to share price rise
• Crowd of small and midsize IPOs priced, only a few mishaps
• Telepizza’s €550m IPO sells well, but drops 20% on debut
• Hedgies happy with thin upside on CS’s £1bn SABMiller trade
• Numis leaps into top 10 equity ranking after Saga trade
• Lehto prices prefab homes IPO at top, pops by 15%