ABBs/Block Trades - All Articles

  • Greencoat Renewables launches €100m raise

    Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, launched a €100m equity capital raise on Thursday to free-up funds for acquisitions.

    • 27 Nov 2020
  • More primary ECM deals ahead despite nearing year-end

    Equity bankers have predicted a strong end to 2020 for primary issuance as more companies seek to raise capital to take advantage of bullish market conditions in preparation for 2021.

    • 26 Nov 2020
  • Gresham House attracts strong demand for raise

    London-listed Gresham House Energy Storage Fund attracted strong interest from investors in its 114.3m share issue as green stocks continue to prove popular with ECM investors.

    • 25 Nov 2020
  • Hongqiao boosts top-up to HK$1.9bn

    China Hongqiao Group, the world’s largest aluminium producer, raised HK$1.94bn ($249.9m) on Tuesday after increasing the size of a top-up share placement.

    • 25 Nov 2020
  • Fastighets AB Balder raises €288m from investors

    Swedish property company Fastighets AB Balder has tapped the equity capital markets for financing, selling Skr9.44bn (€288m) of fresh stock.

    • 24 Nov 2020
  • Tryg shareholder reduces stake ahead of rights issue

    TryghedsGruppen, the majority shareholder in Danish insurance group Tryg, completed a 21m share sale in Copenhagen last night to reduce its stake before a rights issue next year.

    • 24 Nov 2020
  • Greencore raises £90m after UK lockdown delays recovery

    Greencore, the Irish food company, has placed £90m of new shares via an accelerated bookbuild on Monday evening.

    • 24 Nov 2020
  • Renewable infra trust launches London equity raise

    The Renewable Energy Infrastructure Group (Trig), a UK investment trust that invests in assets generating electricity from renewable sources, has launched a non-pre-emptive capital raising on the London Stock Exchange for acquisition funding. However, the size will depend on a shareholder vote in December.

    • 23 Nov 2020
  • Millicom trims Helios Towers stake

    Millicom International Cellular has sold a 5.2% stake in Helios Towers, the Africa-focused telecommunications infrastructure company, through an accelerated bookbuild.

    • 20 Nov 2020
  • Smurfit Kappa raises equity for best or worst of times

    Smurfit Kappa, the Irish packaging company, priced a €660m capital raise on Thursday night, to allow it to take advantage of market opportunities during the Covid-19 recovery, as well as give it the firepower to withstand any downturns.

    • 20 Nov 2020
  • Fluidra block causes a splash with investors

    A €200m share placing in Fluidra, the Spanish swimming pool equipment company, caught investors in a buoyant mood on Wednesday evening, with bookrunners having to enlarge the deal to satisfy demand.

    • 19 Nov 2020
  • Croda raises £608m for Iberchem purchase

    Croda, the UK chemicals company, has closed the books on a £608m ($807m) equity raise to help fund the purchase of Iberchem, the Spanish fragrance manufacturer.

    • 18 Nov 2020
  • GFG taps investors for €120m of growth capital

    Frankfurt-listed online fashion retailer Global Fashion Group has placed €120m of stock to fund future growth during the Covid-19 pandemic, which has accelerated the trend of more consumers shopping online.

    • 18 Nov 2020
  • Adyen IPO seller takes profits in block trade

    Partners in Equity, a venture capital firm, sold a €319m block in Dutch payments firm Adyen on Tuesday evening, taking advantage of a substantial rise in its stock price this year.

    • 18 Nov 2020
  • CapitaLand times ECM deal on market boost

    CapitaLand Retail China Trust (CRCT) took advantage of strong investor demand for its placement to fully exercise a greenshoe option and raise S$245.4m ($182.8m) on Tuesday.

    • 18 Nov 2020
  • Shaftesbury shareholders pitch up for £307m recap

    Shaftesbury, the UK landlord that owns a large number of properties in London’s West End, has concluded a £307m recapitalisation, which saw a high take-up from its shareholders.

    • 17 Nov 2020
  • CapitaLand China targets S$300m for acquisitions

    CapitaLand Retail China Trust is tapping equity investors for S$300m ($223.16m) to fund a spate of property acquisitions.

    • 17 Nov 2020
  • Growthpoint Properties raises $275m to refinance Capital & Regional acquisition

    South African commercial landlord Growthpoint Properties has sold R4.3bn ($275m) of new shares to fund deleveraging, including repaying debt used to finance its acquisition of Capital & Regional at the end of 2019.

    • 12 Nov 2020
  • Sampo starts disposal of Nordea stake following activist pressure

    Finnish financial services group Sampo has begun cutting its stake in Nordea, one of the Nordic region’s biggest banks, following pressure from Elliott International, the activist hedge fund, to simplify its business.

    • 11 Nov 2020
  • Shenzhou International sell-down nets HK$5bn

    The two largest shareholders in Chinese clothes maker Shenzhou International Group Holdings have raised a combined HK$5bn ($644.9m) from a block trade.

    • 11 Nov 2020
  • Turkish ECM reopens after top policy duo depart

    A $204m-equivalent trade in Turkcell, the Turkish mobile telephone operator, reopened Turkish equity capital markets on Monday evening, taking advantage of a boost in the country’s currency following the resignation of its finance minister and dismissal of its central bank governor over the weekiend.

    • 10 Nov 2020
  • Shenzhou International block to fetch HK$5bn

    A block trade in Shenzhou International Group Holdings was launched on Tuesday evening. The deal could net up to HK$5.1bn ($659.3m), according to a term sheet seen by GlobalCapital Asia.

    • 10 Nov 2020
  • Biden win creates ideal window for green ECM

    Renewable energy stocks have surged since it became apparent that Joe Biden — a candidate deemed to be more environment-friendly than the incumbent, Donald Trump — was likely to become the next US president. Market watchers believe this will translate into equity capital markets deals from the sector.

    • 09 Nov 2020
  • Rank Group completes Covid capital raise

    Rank Group, the UK gambling conglomerate that owns Mecca Bingo and Grosvenor Casinos, completed a capital raise for 19.9% of its share capital, to give it enough headroom to manage through the next stage of the Covid-19 pandemic.

    • 06 Nov 2020
  • Mecca Bingo owner considering capital raise

    Rank Group, the UK gambling conglomerate that owns Mecca Bingo and Grosvenor Casinos, is considering a capital raise for up to 19.9% of its share capital, to see it through the closure of its venues during the second UK Covid-19 lockdown.

    • 05 Nov 2020
  • Equities rally as Biden pulls ahead

    Global equity markets have reversed earlier losses after former US vice-president Joe Biden gained momentum in the presidential race on Wednesday afternoon, giving capital markets bankers hope that a decisive result this week might be possible.

    • 04 Nov 2020
  • Messy US election delays imminent equity issuance

    Equity markets awoke on Wednesday morning to an inconclusive US presidential election where there is no clear winner between US president Donald Trump and his challenger, former vice president Joe Biden. Equity capital markets are likely to remain shut for at least the next few days as they wait to find out who has won especially as vitriol between the candidates increases.

    • 04 Nov 2020
  • Synairgen raises £87m to bring Covid-19 treatment to market

    UK biotech firm Synairgen has finished the second leg of an £87m capital increase to fund the next round of clinical trials of a treatment designed to alleviate the respiratory symptoms of Covid-19.

    • 02 Nov 2020