ABBs/Block Trades - All Articles

  • Larsen Toubro launches L&T Tech share sale

    Larsen and Toubro has kicked off a two-day offer-for-sale in subsidiary L&T Technology Services, eyeing proceeds of up to Rp9bn ($126.3m).

    • 30 Jan 2019
  • Blue Prism rises 14% after £100m share sale

    Shares in Blue Prism, the UK robotic automation company, closed 14% higher on Thursday after it completed a £100m capital increase to finance its growth plans and product development, in the wake of positive 2018 earnings.

    • 24 Jan 2019
  • Biocartis deal shows block buyers taking greater care

    ECM bankers have found investors more receptive to blocks than expected so far this year. Nonetheless, buyers have demanded more from sellers before they commit to a deal, a trend in evidence in the €55m share sale in Biocartis on Wednesday night.

    • 24 Jan 2019
  • Equity investors look for value in period of calm

    January has proven to be a good month for equity investors as indices have experienced moderate growth after a devastating end to 2018, but investors are not betting too heavily on a prolonged rally and as such are holding back.

    • 23 Jan 2019
  • Draper Espirit raises £100m to fund Earlybird collaborations

    Draper Espirit, the technology-focused venture capital firm, has completed a £100m equity fundraising to finance its deepening strategic partnership with Earlybird Digital West, its German peer.

    • 21 Jan 2019
  • Takeaway.com places new shares, convertible bonds to fund German M&A

    Takeaway.com, the Dutch online food ordering company, hit the market on Thursday night with its pre-announced sale of new shares and convertible bonds to fund its €930m acquisition of Delivery Hero’s German operations. Both tranches of the trade attractive significant demand.

    • 18 Jan 2019
  • Philippine ECM gets boost with Puregold, Ayala deals

    The Philippines’ equity capital market came to life this week with two back-to-back overnight transactions, with Puregold Price Club and Ayala Corp in the limelight.

    • 17 Jan 2019
  • Former BAML ECM banker to join Credit Suisse

    Former Bank of America Merrill Lynch syndicate banker Jack Barrass is to join Credit Suisse in February as a member of its equity capital markets syndicate team.

    • 17 Jan 2019
  • Junson builds HK$3.4bn block in Longfor

    Junson Development International offloaded a 2.52% stake in property company Longfor Group on Wednesday, raking in HK$3.4bn ($434.2m).

    • 17 Jan 2019
  • Puregold bags $90m from top-up

    Philippine supermarket chain Puregold Price Club raised Ps4.69bn ($90m) from a top-up placement on Wednesday.

    • 17 Jan 2019
  • Mitsubishi fetches $244m from Ayala sell-down

    Japan’s Mitsubishi Corp has bagged Ps11.7bn ($244.35m) from a much sought-after sell-down of shares in Philippine conglomerate Ayala Corp, according to a source close to the deal.

    • 16 Jan 2019
  • Zegona taps market for £100.5m to fund Euskaltel stake build

    Zegona, the London-listed investment fund focused on telecoms, media and technology assets, has raised £100.5m ($130m) of fresh capital to fund a stake build in Euskaltel, the Spanish telecommunications company.

    • 15 Jan 2019
  • GlobalCapital ECM Awards 2018: the poll is open

    The poll is open for GlobalCapital’s Equity Capital Markets Awards for 2018 and we invite market participants to have their say on the best performers of last year.

    • 11 Jan 2019
  • Triton's Befesa block trade attracts 70 lines

    Triton Partners has provided one of the first significant tests of equity blocks market sentiment in 2019, with a €108m sale of shares in Befesa, the German metal recycling firm, that went public in Frankfurt in 2017.

    • 10 Jan 2019
  • Power Assets block draws $296m for CK Infra

    CK Infrastructure Holdings has corralled HK$2.32bn ($295.7m) after offloading some of its shares in Power Assets Holdings, according to a filing with the Hong Kong Stock Exchange.

    • 10 Jan 2019
  • Investors debate politics versus price in ECM

    Geopolitical risk will likely continue to determine investor appetite for EMEA equity capital markets transactions but investors insist deals can be done regardless as long as the discount is sufficient.

    • 09 Jan 2019
  • ECM hopes rally holds for pre-blackout blocks

    A benign start to the year for major equity indices could be just the comfort blocks bankers need to price deals before corporate blackouts begin.

    • 08 Jan 2019
  • Blocks bankers brace for another bruising year in Europe

    Equity block trade bankers in EMEA are girding themselves for a tough 2019, in which market conditions could be at least as difficult as the tricky ones they dealt with in 2018.

    • 03 Jan 2019