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Private equity company cashes in on remaining holding after earlier divestments
Management simplified as former DCM banker joins as co-CEO
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BNP Paribas has hired a senior German coverage banker from Commerzbank.
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Solarpack Corp Tecnologica, the Spanish solar power generation company, has begun bookbuilding for its €101m IPO on the Spanish Stock Exchanges after the deal prospectus was approved by market regulator CNMV on Tuesday.
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Equity capital markets professionals are still working on a handful of potential opportunities to do block trades before the end of the year, but with investors nursing heavy losses and volatility still trading well above recent historical norms, they are doing everything possible to de-risk trades before launch.
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Babytree Group has bagged HK$1.7bn from its IPO after pricing it at the bottom of guidance amid volatility in equity markets.
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Online travel agent Tongcheng-Elong Holdings has raised HK$1.41bn ($180m) from its Hong Kong IPO. The leads on the deal had to spend time convincing a number of anchor investors to stay in the transaction given the state of the market.
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Fundamenta Real Estate, the Swiss housing developer, has fixed the terms for its Sfr91.5m re-IPO on the SIX Swiss Exchange, which is expected to value the company at Sfr375m.
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