ABBs/Block Trades - All Articles

  • ECM bucks second wave fears but discounts could grow

    The European equity capital markets are bucking wider equity market fears over a second wave of coronavirus infections in the US and bankers hope sentiment will hold even if global equity indices become more volatile.

    • 29 Jun 2020
  • Aston Martin raises £152m in equity capital for luxury reset

    Aston Martin, the UK car maker returned to equity markets on Friday morning to raise yet more equity capital after completing a rights issue in April. The company has sold a stake worth 19.9% of its share capital to allow a new management team to rebuild the company.

    • 26 Jun 2020
  • Demand for primary ECM holds despite second wave fears

    Wednesday evening proved a busy night for equity bock trades, despite wider sell-offs in secondary markets over fears of a second wave of Covid-19.

    • 25 Jun 2020
  • EasyJet sells £418m of equity as tourism recovery gathers pace

    UK airline EasyJet has raised £418m of fresh capital to bolster its balance sheet after reporting a significant half year loss because of the impact of the Covid-19 global pandemic on its business.

    • 25 Jun 2020
  • Yandex gets oligarch backing for growth push

    Yandex, the Russian internet company, has raised $800m through a sale of new shares to US investors and a private placement to a consortium of Russian oligarchs and VTB Bank.

    • 24 Jun 2020
  • Pepkor raises R1.9bn to fix balance sheet

    Pepkor, the South African retailer, raised R1.9bn ($110m) in a sale of new shares on Tuesday night to reduce leverage and to prepare it for the future impact of the Covid-19 pandemic.

    • 24 Jun 2020
  • More European firms could turn to treasury share sales

    Banks are hoping that there will be more European primary capital raising in the weeks ahead as companies begin to assess what will be needed to rebuild their balance sheets and whether the time is ripe for growth. A €341m share trade in German firm CompuGroup Medical on Monday night may show a way forward for issuers.

    • 23 Jun 2020
  • Boehringer Ingelheim exits Hikma Pharmaceuticals

    German pharmaceuticals company Boehringer Ingelheim has sold its remaining stake in UK drug maker Hikma Pharmaceuticals, after a surge in investor interest in pharma stocks during the Covid-19 global pandemic.

    • 23 Jun 2020
  • MicroPort nabs $200m in fresh equity

    MicroPort Scientific Corp raised HK$1.55bn ($200m) on Monday after selling a chunk of new stock.

    • 23 Jun 2020
  • United Lab block to fetch up to HK$791m

    An investor in United Laboratories International Holdings is selling a chunk of the firm’s shares for up to HK$790.6m ($102m), according to term sheet seen by GlobalCapital Asia.

    • 22 Jun 2020
  • Vibrant blocks market continues with SoftwareOne trade

    The owners of SoftwareOne, the Swiss software company that went public in October last year, have taken advantage of the rally of the share price in recent weeks to sell Sfr382.5m of stock, via an accelerated bookbuild.

    • 19 Jun 2020
  • German mogul frees up cash with rare Knorr-Bremse sale

    German billionaire Heinz-Herman Thiele, one of the country’s richest men, sold a €728m stake in German break manufacturer Knorr-Bremse to fund other investments. Since Covid-19 he has built up a substantial position in German airline Lufthansa and is now the company's largest shareholder.

    • 19 Jun 2020
  • Helvetia Holding completes Sfr300m acquisition financing

    Helvetia Holding, the Swiss insurance group, has raised Sfr300m from equity investors to fund its acquisition of Spanish insurer Caser, which it announced in January.

    • 18 Jun 2020
  • Taylor Wimpey raises capital to buy land after coronavirus disruption

    Taylor Wimpey, one of the UK’s largest house builders, has raised £522m in equity capital to acquire land that it thinks will have fallen in value as a result of the coronavirus pandemic.

    • 18 Jun 2020
  • Russian ECM hopes rise after Detsky Mir block

    A Rb11bn ($157m) block trade in Detsky Mir, the Russian children’s retailer, won a big investor reception on Tuesday night. There are now hopes that there will be more Russian transactions in the weeks and months ahead.

    • 17 Jun 2020
  • William Hill taps investors for £224m as sport resumes

    William Hill, the UK bookmaker, has raised £224m to pursue growth opportunities ahead of the restarting of sporting events such as the Premier League.

    • 17 Jun 2020
  • Barrick offloads $210m Shandong Gold block

    Barrick Gold Corp has raised HK$1.63bn ($209.7m) after paring most of its stake in Chinese firm Shandong Gold Corp.

    • 17 Jun 2020
  • US investors allocate cash to Europe as AM giants asked to fund bigger deals

    Asset managers are set to face bigger demands for equity funding later in the year, despite having already thrown billions at the market as companies attempted to survive the coronavirus pandemic. A source close to BlackRock said it had already committed $18bn-equivalent in equity funding to European companies during the crisis but inflows from US investors will help it and its peers buy into the deals to come.

    • 16 Jun 2020
  • Kinnevik sells Zalando shares after Fed lifts market

    Kinnevik, the Swedish investment company, sold a 4.4% stake in German e-commerce company Zalando on Monday night with investors pouring into the trade after the US Federal Reserve boosted secondary markets.

    • 16 Jun 2020
  • Hertz over heads? Sputtering car co asks investors to go half a yard more

    Hertz, the US car hire company in Chapter 11 protection, is to offer up to $500m of new stock after receiving approval last week from a bankruptcy court to raise equity, according to a filing with the Securities and Exchange Commission on Monday.

    • 15 Jun 2020
  • Risk appetite remains despite equities sell-off

    Stocks around the world fell on Monday after a spike in new cases of coronavirus were revealed in the US and China over the weekend, setting a stage for what is likely to be another busy but volatile week for European equity capital markets.

    • 15 Jun 2020
  • SBI Life parent eyes $205m from sell-down

    State Bank of India is on track to raise about Rp15.6bn ($204.7m) from an offer-for-sale of shares in its life insurance arm.

    • 15 Jun 2020
  • Biffa brings home the bacon with £100m leverage reducer

    Biffa, the UK waste management company, raised £100m in a sale of just under 50m new shares at £2 each to strengthen its balance sheet in order to take advantage of M&A opportunities.

    • 12 Jun 2020
  • Topsports block fetches bigger $375m

    Belle International pocketed HK$2.91bn ($375m) this week after trimming its stake in subsidiary, Topsports International Holdings.

    • 12 Jun 2020
  • Equity investors look for winners as damaged economy reopens

    European investors are looking beyond the coronavirus crisis to put equity capital into companies that they believe can take advantage of its aftermath. However, as economies reopen after lockdown, the damage of the pandemic is becoming clearer, and companies are working hard to convince investors that they are the right horse to back.

    • 11 Jun 2020
  • Equity markets react to ‘real’ sell-off after Fed pessimism

    Equity capital market participants were in a gloomy mood on Thursday as global equity indices fell in response to the pessimistic tone from the US Federal Reserve. However, European markets remain open for primary capital raising transactions.

    • 11 Jun 2020
  • Ocado raises £1bn for growth as Covid-19 boosts online sales

    Ocado, the UK online grocery delivery platform, has raised £1bn by selling new shares and convertible bonds to fund its expansion plans amid a huge increase in demand for its services during the Covid-19 pandemic.

    • 11 Jun 2020
  • UK capital raises continue with Segro and Lancashire

    Tuesday proved to be another good night for UK primary equity capital raisings as Segro, the warehouse company, and insurance group Lancashire issued new shares.

    • 10 Jun 2020
  • Ferrovial offloads Budimex shares

    Spain’s Ferrovial has sold a Z255m ($65m) chunk of its majority stake in Budimex, the Polish infrastructure construction company, via an accelerated bookbuild.

    • 10 Jun 2020
  • Topsports parent eyes $309m from sell-down

    Belle International is selling a block of shares in its sportswear subsidiary, Topsports International Holdings, according to a term sheet seen by GlobalCapital Asia.

    • 10 Jun 2020
  • Basic-Fit packs on €133m of financial muscle as Europe’s economy reopens

    Basic-Fit, Europe’s largest operator of fitness clubs, raised €133.3m through a sale of new shares on Monday night. The capital raised gives the company a platform to take advantage of growth opportunities that may arise from the pandemic.

    • 09 Jun 2020
  • Extraordinary rally to drive block sales

    The surprising rise in global stock markets continued last week with a strong rally on Friday after US job figures were better than expected. The resilience of secondary equity markets, despite the Covid-19 pandemic, is a boost for those lining up equity block sales.

    • 08 Jun 2020
  • UK airport operator raises £100m of rescue cash

    Stobart, the UK infrastructure and aviation company which owns London Southend airport and was a part owner of UK airline FlyBe, won wide support from equity markets on Thursday evening, giving the company the funds to manage through the coronavirus pandemic.

    • 05 Jun 2020
  • Pet drug maker Dechra Pharma raises £134m in placing

    Dechra Pharmacuticals, the pharmaceutical company focused on pets, raised £134m in an accelerated placing on Wednesday night to strengthen its balance sheet after an M&A wave and to give it headroom for further growth and to protect against the economic headwinds of the coronavirus pandemic.

    • 04 Jun 2020
  • EMEA equity hopes build after ‘extraordinarily busy’ May

    The coronavirus pandemic has made for a busy time for Europe’s equity capital markets with all manner of emergency capital raises and block sales being done alongside even the odd IPO. Market participants expect the pace of issuance to run on in the weeks ahead after May turned out to be one of the best months of the last few years.

    • 03 Jun 2020
  • EM investors glow for Kazatomprom block

    Samruk-Kazyna, the Kazakh sovereign wealth fund, raised $206.7m on Tuesday night through a share placing in Kazatomprom, the country’s state uranium company. Emerging markets investors, who have been lacking new paper during the coronavirus crisis, lapped up the shares.

    • 03 Jun 2020
  • Adaptimmune secures $225m of new funding

    Adaptimmune Therapeutics, the New York-listed UK biopharmaceutical company focused on cancer treatments, has raised $225m to fund further clinical trials for its immunotherapy treatments.

    • 02 Jun 2020
  • Italian ECM momentum builds with blocks

    The reopening of Italian equity capital markets gathered pace on Monday night with two block trades with sellers across Europe expected to take advantage of the market conditions with further trades

    • 02 Jun 2020
  • Ted Baker seeks lifeline from equity market

    UK fashion group Ted Baker is seeking £95m of emergency funding via a firm placing and open offer after making a steep loss in its 2019 financial year.

    • 01 Jun 2020