• NMC Health re-adjusts CB after being deemed too pricey

  

  NMC Health, the Abu Dhabi-based private hospitals company, had to revise the terms of its debut $450m convertible bond issue downwards on Monday after pushback from investors on the price.

  • 23 Apr 2018

• Ramaphosa rally restores good hope to the Cape

  

  South Africa is already bearing the fruits of Cyril Ramaphosa’s two month tenure as president. Renewed buoyancy is fuelling business confidence, driving down asset prices, and supporting a strong pipeline of capital markets activity in both debt and equity, write Virginia Furness and Sam Kerr.

  • 19 Apr 2018

• CEVA sets range on IPO, secures shipping cornerstone

  

  CEVA Logistics, the Swiss freight management and contract logistics company, has set the range on its IPO, valuing it at Sfr1.5bn to Sfr1.8bn. It has also secured a cornerstone investment from shipping company CMA-CGM.

  • 20 Apr 2018

• Weir pivots to mining with Esco buy, raises £363m in share sale

  

  Weir Group, the UK energy and mining equipment maker, is to acquire US-based industrial component manufacturer Esco Corp, and has raised £363m in gross proceeds, through an accelerated sale of new shares to finance the cash component of the $1.05bn acquisition.

  • 19 Apr 2018

• HelloFresh falls 10% after early Rocket sale

  

  Rocket Internet has completed the first sale of shares in HelloFresh, the German meal kit delivery company, since its €276m IPO on the Frankfurt Stock Exchange in October.

  • 18 Apr 2018

• Investors remain picky in busy IPO market

  

  The EMEA IPO market is fully underway again after the Easter break, with bankers fresh from the Courchevel ski slopes or St Tropez sunbeds to provide investors with some fresh IPO powder. But high volumes means buyers have the ability to be selective.

  • 18 Apr 2018

• Primary Health Properties completes capital raise

  

  Primary Health Properties, the healthcare REIT that invests in properties across the UK and Ireland, completed a capital raising on Wednesday and grew the size of the offering by £15m.

  • 18 Apr 2018

• Bain's Autodis Group to go public in Paris

  

  Bain Capital has begun pre-marketing for the Paris IPO of Autodis Group, the French distributor of spare vehicle parts, which it bought in October 2015.

  • 17 Apr 2018

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Recent highlights

• Consol sets IPO range as South Africa confidence rises

  Consol, the glass bottle maker, moved ahead with its IPO on Monday by setting a price range. It is hoping to return to the Johannesburg Stock Exchange (JSE) at a positive moment for South Africa.

  • 17 Apr 2018

• Galliford Try raises £164m to offset Carillion costs

  UK construction company Galliford Try has raised £164m through a rights issue to cover the costs related to the collapse of construction and facilities management firm Carillion in January, after the successful conclusion of its fully underwritten rights issue on Monday.

  • 16 Apr 2018

• Sanctions freeze Russian IPO as US says more is coming

  The IPO of IBS IT, a Russian technology company, was postponed on Friday due to “increased market volatility” driven primarily by US-led sanctions against Russia. According to Nikki Haley, US ambassador to the UN, more might be coming.

  • 16 Apr 2018

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Deals in the pipeline

• IPO window reopens to test investor sentiment with EM flavours
• Africa back in the spotlight for equity buyers
• Market loses second jumbo Swiss IPO as HNA postpones Swissport
• Three Turkish retail IPOs hit pipeline
• CEVA reopens Europe’s IPO market with Sfr1.3bn flotation
• Belfius postpones IPO until autumn amid fears of row with government
• Consol tests investor appetite for South Africa with R2.7bn re-IPO
• Cherkizovo preps meaty Moscow share sale
• Gategroup pulls IPO on valuation pressure, Godewind resizes
• Galliford reveals terms for £157m rights offer
• Europe’s rights issue market heats up with Valora, REN, Astaldi
• Axel Springer, United Internet to float merged marketing unit
• Five set for Saudi Aramco roles, Moelis must share
• 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
• 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
• 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

• BioPharma raises $163.8m in capital raising
• Steinhoff raises R3.75bn in first Steinhoff Africa block
• UniCredit sells out of ERG in surprise €118m trade
• Provident's rights offer ends fully subscribed
• Sanlam raises R5.7bn of equity as it expands across Africa
• Godewind shows merit of flexibility, shrinks IPO to get over line
• John Laing’s rights offer attracts high take-up
• France’s Carrefour bags $500m from second CB placement in 12 months
• Game over for Vivendi as Ubisoft pulls off ECM coup
• Altran to raise €750m to fund Aricent acquisition
• Glencore sells $500m equity-neutral CB at ‘aggressive’ terms
• B&S narrows IPO range, for a €1.2bn valuation
• Equity investors brush off Russian risk as TCS trade flies
• NIBC’s decent discount pays off as IPO closes
• Elkem prices at bottom of the range
• Energean sells £330m IPO to club as investors balk at project timing
• Second Takeaway.com block clears after anchor bids
• Qatar raises €506m from Veolia clean-up
• Steinhoff sells KAP block, but investors wait for STAR action
• Creval sells 83% of rights, rump to be auctioned next week
• Finnish wealth fund's Sampo trade heavily subscribed
• Eurazeo exits Accor in quiet week for blocks
• HNA's Gategroup prepares SIX Swiss Exchange comeback
• Energean opens the books on Mediterranean energy IPO
• French funds pile into Econocom's €200m CB
• France’s Nexity increases CB to €200m