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Equity

Top Equity News

  • Numericable to finish SFR M&A financing with €4.7bn rights issue

    French cable firm Numericable opened on Wednesday the subscription period for a €4.7bn rights issue, in what constitutes the final tranche of the financing package for one of the largest M&A deals of the year so far — the takeover of mobile phone operator SFR.

    • 29 Oct 2014
  • Elis delays IPO till markets strengthen

    French professional clothing firm Elis has put its planned initial public offering on hold, joining the growing ranks of European businesses delaying equity deals as a result of weak markets.

    • 29 Oct 2014
  • Equity markets return to health but Fed could break confidence

    Bankers were optimistic on Tuesday for a new run of issuance, as the markets recovered from a bruising day of trading at the start of the week. But ECM bankers said the respite could be short-lived, as the US Federal Reserve looks set to decide whether to halt its policy of quantitative easing.

    • 28 Oct 2014
  • ECM delights in EBA stress test results, but more problems ahead

    Europe’s equity markets responded well to the European Banking Authority’s stress test results, but bankers said other uncertainties were already ruining the party.

    • 27 Oct 2014
  • Jimmy Choo defies market turmoil by avoiding syndicate ‘insanity’

    Bankers this week heralded the success of Jimmy Choo’s initial public offering, which was priced in the depths of a highly volatile equity market, as vindication of the lean syndicate model. Some hoped it would bring an end to the bulging bank groups branded insane by one financier.

    • 23 Oct 2014

ECM Outlook

  • ECM outlook: final chance to break pre-summer quiet

    As celebrations of European victories old and new helped slow equity capital market activity at the start of this week, bankers were hoping that at least some of the deals that have been delayed by recent volatility would come back to market before the summer sets in.

    • 17 Jul 2014

Latest ECM Opinion

  • The Scots don't owe the markets a no vote

    The markets may have an opinion on Scottish independence — but the No campaign has been acting like that matters more than anything else. Capital markets should follow the will of the people, not lead it.

    • 09 Sep 2014

Taking Stock

Latest Equity News

  • Hella secures Frankfurt IPO of at least €275m

    Hella Hueck, the family-owned German car lighting and electronics maker, today (Friday) completed a preliminary sale of shares that will allow it to complete its IPO next week.

    • 31 Oct 2014
  • A Quiet Result: Profitability new battleground as banks pass tests

    ‘Credible’ is the word many are using to describe the European Central Bank’s Asset Quality Review and the European Banking Authority’s stress tests, writes Graham Bippart.

    • 30 Oct 2014
  • TLG floats in weak markets

    German property firm TLG Immobilien successfully placed €360m of its shares on the Frankfurt Stock Exchange on 23 October, in that week’s only IPO in Europe.

    • 30 Oct 2014
  • Numericable to finish SFR M&A financing with €4.7bn issue

    French cable firm Numericable on Wednesday set terms and opened the subscription period for a €4.7bn rights issue, in what constitutes the final tranche of the financing package for one of the largest M&A deals of the year so far — the takeover of mobile phone operator SFR.

    • 30 Oct 2014
  • Merlin's £260m block trade finds demand after struggle

    CVC and Blackstone’s block sale of £260m of Merlin Entertainments stock struggled to gather momentum on Wednesday evening, but support from long-only UK investors the following morning dragged the deal across the line just in time for start of trading.

    • 30 Oct 2014
  • New worries for ECM after Euro bank review

    Capital markets reacted with tepid enthusiasm to the publication on Sunday of Europe’s analysis of the health of its banks. What had been touted as one of the main financial events of the year lost its power to move valuations, even if it did leave some banks contemplating urgent capital raises.

    • 30 Oct 2014
  • Stress test passes

    If you had plotted the best possible outcome for the Comprehensive Assessment of Europe’s banks, it would probably have looked a lot like what happened this week. There were some failures in the tests, though few severe ones, and a grown-up reaction by banks followed.

    • 30 Oct 2014
  • SEC whistleblower lifts lid on NYSE approvals

    US stock exchanges have come under fire for providing preferential treatment to high frequency trading firms in recent years years as scores of investors learned their trades could be undercut by computerised algorithms. SEC whistleblower Haim Bodek lifts the lid on the SEC's recent approval of new order types at the New York Stock Exchange (NYSE).

    • 30 Oct 2014
  • FIG bankers face new fears after stress test success

    No sooner had financiers of Europe’s banks breathed a collective sigh of relief following Sunday’s historic assessment of the health of the continent’s financial institutions than they were beset by new worries.

    • 30 Oct 2014
  • Fiat to float Ferrari stake as part of capital shake-up

    Fiat Chrysler Automobiles, formed after a merger earlier in the month, is set to float a stake in luxury brand Ferrari as part of a shake-up of the firm.

    • 30 Oct 2014

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Oct 2014
1 JPMorgan 278,914.39 1111 7.98%
2 Barclays 251,894.67 869 7.21%
3 Citi 250,194.86 968 7.16%
4 Deutsche Bank 244,474.93 992 7.00%
5 Bank of America Merrill Lynch 240,849.72 857 6.89%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 Deutsche Bank 48,610.51 125 7.60%
2 BNP Paribas 45,308.93 185 7.08%
3 Citi 34,756.99 97 5.43%
4 Credit Agricole CIB 31,024.72 128 4.85%
5 JPMorgan 30,825.29 75 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 JPMorgan 23,809.73 114 9.33%
2 Goldman Sachs 22,933.11 77 8.98%
3 Deutsche Bank 20,595.54 76 8.07%
4 UBS 19,729.52 81 7.73%
5 Bank of America Merrill Lynch 19,079.80 69 7.47%