ABBs/Block Trades - All Articles

  • SG risk appetite pays off on auctioned Soitec trade

    CEA Investissement, the corporate arm of the French Alternative Energies and Atomic Energy Commission, has sold €104m of shares in Soitec, the French semiconductor company, through an auctioned block trade won by Société Générale.

    • 29 Jul 2020
  • Fintech retains ECM appeal as Network International raises for M&A

    Fintech was one of the hottest sectors in equity capital markets in 2019 and it seems to have lost none on its appeal during the coronavirus pandemic, as two deals on Tuesday demonstrated.

    • 29 Jul 2020
  • Fatigued equity investors set to be more selective

    Equity capital markets have been relentless since the first coronavirus rescue issues in the spring. There is no let-up, with several large deals announced in the past fortnight and scheduled to be priced in August. However, bankers are worried that tired investors are near breaking point.

    • 27 Jul 2020
  • Goldman innovates to allow Cellnex holder to monetise rights early

    EMEA’s equity capital markets were buzzing on Friday morning after Goldman Sachs placed a 13.2m block of shares in Cellnex, the Spanish telecoms tower company, which allowed the company’s largest shareholder to monetise rights that it intends not to exercise in the issuer's forthcoming €4bn rights issue.

    • 24 Jul 2020
  • Sino Biopharm block fetches $406m, stock plunges

    Sino Biopharmaceutical’s chief executive Tse Ping has sold a portion of his stake in the company for the second time this year, pocketing HK$3.15bn ($406.4m) but causing the stock price to tumble in the secondary market.

    • 24 Jul 2020
  • Corona vaccine hopeful BioNTech latches on to biopharma fever

    BioNTech, the German biopharmaceuticals company, is selling 5.5m American Depositary Receipts (ADRs) on the Nasdaq through a share sale and a rights issue. The company, which is working with Pfizer to develop a vaccine for Covid-19, is the latest issuer to hit the market in a wave of biotech ECM issuance — but buyers are being warned against being too eager, reports Sam Kerr.

    • 23 Jul 2020
  • ADB nets $304m from dual Thai block trades

    Asian Development Bank offloaded chunks of Thai energy companies B.Grimm Power and Gulf Energy Development this week, raising Bt9.6bn ($303.9m).

    • 23 Jul 2020
  • HICL Infrastructure Fund wins strong support from investors

    HICL Infrastructure, the UK-based infrastructure equity investor, completed a £120m ($153m) capital raise on Tuesday to repay £75m of debt and to fund an acquisition in Ireland.

    • 22 Jul 2020
  • London property developer sells $616m of online gambling stock

    Richard Livingstone, the British billionaire property developer, sold Skr5.5bn ($616m) of shares in Swedish online gambling company Evolution Gaming in an overnight trade on Monday, to help mitigate the effect of Covid-19 on his property portfolio.

    • 21 Jul 2020
  • HICL launches capital raise for debt repayment

    HICL Infrastructure, the UK-based infrastructure equity investor, has launched a capital raise to repay £75m worth of debt and shore up its finances for further acquisitions.

    • 17 Jul 2020
  • Jiumaojiu top-up, block fetches combined $155m

    Jiumaojiu International Holdings bagged HK$839.3m ($108.3m) from a top-up share placement on Wednesday, with a group of employees also pulling off a concurrent block trade.

    • 16 Jul 2020
  • Sorrell’s S4 Capital raises £116m to fund deals

    Sir Martin Sorrell’s S4 Capital has completed a £116m growth capital raising to fund further M&A opportunities.

    • 16 Jul 2020
  • Russian ECM momentum builds with HeadHunter sale

    A 5.75m American Depositary Receipt (ADR) trade in HeadHunter Group, a company which produces software for recruiters, has become the latest in a string of Russia equity placings.

    • 15 Jul 2020
  • UK ECM needs structural change for retail to play bigger role

    UK equity capital markets have undergone changes during the Covid-19 pandemic, including allowing retail investors to participate in accelerated recapitalisations of London-listed companies via PrimaryBid. The rise of the app represents a long overdue change but its impact is likely to be limited.

    • 14 Jul 2020
  • IP Group sells most of Ceres Power stake

    IP Group has sold £53.5m of shares in Ceres Power Holding, the UK solid oxide fuel cell maker, via an accelerated bookbuild.

    • 14 Jul 2020
  • Hipgnosis Songs Fund attracts strong demand for £236m share sale

    Hipgnosis Songs Fund, the FTSE 250 investment company focused on music royalties, has completed its latest capital increase, as it gears up for a spree of acquisitions.

    • 13 Jul 2020
  • Yunfeng nets $450m from Alibaba Health stake sale

    Chinese private equity firm Yunfeng Capital trimmed its position in Alibaba Health Information Technology with an upsized block trade on Thursday, its second sale of the stock this year.

    • 10 Jul 2020
  • Hansa Biopharma secures $121m for kidney drug

    Hansa Biopharma, the Swedish pharmaceuticals company, raised Skr1.1bn ($121m) through a sale of new shares on Wednesday evening to fund the launch of a new drug for patients undergoing kidney transplants.

    • 09 Jul 2020
  • Gold rush ramps up with third Polymetal block in three months

    Otkritie Bank, the Russian financial services company, sold a 3% stake in gold and silver miner Polymetal on Tuesday night, the third trade in the firm in three months, as investors flock to take advantage of rising gold prices.

    • 08 Jul 2020
  • Japan’s Meiji Yasuda offloads Talanx shares after rally

    Japan’s Meiji Yasuda Life Insurance Co has sold €125m of shares in Talanx, the German business-to-business insurer, after the stock rallied by more than 50% from its post-crash lows in March.

    • 07 Jul 2020
  • JPM fund exits from Celltrion

    One Equity Partners made its exit from Korea’s Celltrion Healthcare on Monday evening, cashing out of a stock that has rallied by about 97% over the past year.

    • 07 Jul 2020
  • Rolls-Royce considers selling stock after huge cash outflows

    Rolls-Royce, the UK maker of aircraft engines, may soon launch a share sale as part of an effort to repair its balance sheet, following a huge downturn in the aviation industry caused by the Covid-19 pandemic.

    • 06 Jul 2020
  • ECM are all going on a summer holiday

    After a hectic second quarter, equity capital markets bankers and investor are now hoping for a traditional summer slowdown to allow market participants to take a break.

    • 03 Jul 2020
  • Hipgnosis Songs Fund readies more deals after FTSE 250 inclusion

    Hipgnosis Songs Fund, the London-listed investment trust focused on song royalties, has announced a fresh £200m share sale as it prepares to acquire up to £1bn of additional music catalogues.

    • 03 Jul 2020
  • Polymetal block auctioned fast as equity gold rush heats up

    Investors welcomed a 12.5m block sale in Polymetal, the Russian miner of gold and other precious metals, on Tuesday night and poured into the trade following a risk auction.

    • 01 Jul 2020