US buyers rush Europe ECM on bargain hunt

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By Sam Kerr
16 Jan 2020

US investors are behind the European equity capital markets’ flying start to the year. They are swarming deals, having been driven out of their home market by sky-high valuations and a volatile president fighting for political survival, reports Sam Kerr.

Almost all European equity capital market deals this year have featured large orders from US investors, including acquisition financing by German food delivery company Delivery Hero, which raised €2.56bn through a convertible bond and share sale on Wednesday evening.

US buyers were also important investors in trades in ...

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