News and analysis on global M&A and corporate financing strategies

Europe


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Finance

Right issues are becoming increasingly popular in EMEA nations as firms turn to their existing shareholders to help fund their expansion plans. In fact, in every year since 2004, the volume of EMEA rights issuance has risen. And with the sole exception of 2009, the value of the proceeds of rights issues used to make M&A deals has also moved north. While company valuations... 2010-03-03


Finance

While CMS Russia and a variety of investment banks are forecasting an improvement in Russia's 2010 M&A outlook, there is a variety of reasons to be cautious. In terms of inbound... 2010-03-02


Finance

It seems regulation does not only create losers: infrastructure is set to benefit from the European Commission's Solvency II directive, which is expected by Hannover Re to increase... 2010-03-01


Financing Strategies

Right issues are becoming increasingly popular in EMEA nations as firms turn to their existing shareholders to help fund their expansion plans. In fact, in every year since 2004,... 2010-03-03


It seems regulation does not only create losers: infrastructure is set to benefit from the European Commission's Solvency II directive, which is expected by Hannover Re to increase... 2010-03-01


Turkey

Oger Telecom (OG) has notified Turkey's government that it would like to increase its stake in Türk Telekom (TT) if the state proceeds with the further privatisation of the fixed-line... 2010-02-24


Gone are the days when sovereign debt was the preserve of investors looking for a low-yield safe haven. With Greek sovereign debt now paying steadily higher yields (it reached 6.1%... 2010-02-19

IPO And Privatisation Analysis

If we are to believe the newspaper headlines, EMEA is to become the new Eldorado of IPOs in 2010. After raising US$9.9bn in 2009 or the smallest amount since 2003, EMEA IPOs are expected... 2010-01-26


Exillon Energy's November IPO, which was the first London IPO by an oil explorer in more than a year, has inspired a number of explorers to follow suit. After a disastrous 2009 when... 2010-01-26


While Goldman Sachs and JP Morgan are thinking about moving some operations out of London on the back of the 50% tax on bonuses, Russian companies have rekindled their love affair... 2010-01-12


Until now, it looked like no one other than Russian state banks would be willing to become involved in the Hong Kong IPO of Russian aluminium producer Rusal. Well, the doomsayers... 2009-12-29

M&A Analysis

While CMS Russia and a variety of investment banks are forecasting an improvement in Russia's 2010 M&A outlook, there is a variety of reasons to be cautious. In terms of inbound... 2010-03-02


It is a well-known fact that the best time for M&A from an acquirer's perspective is just as companies start to exit the recession. Valuations are still cheap while an improving... 2010-02-23


Russia

Moscow-based conglomerate Sistema has taken a major step towards developing an integrated oil business after submitting a regulatory petition on February 12 to acquire 49% of Russneft,... 2010-02-17


United Kingdom

US food giant Kraft's GBP11.6bn (US$18.2bn) takeover of UK confectioner Cadbury has created a new global confectionery giant. Analysts are already speculating as to what the impact... 2010-02-17

SWF Analysis

Considering the increasing popularity of emerging market private equity, it comes as a surprise that Turkey is not more of a hotspot for private equity. Add on the obvious scarcity... 2010-02-09


United Kingdom

With Kohlberg Kravis Roberts (KKR) securing its first capital markets mandate in Europe, for English Premier League football club Manchester United's US$800mn high-yield bond issue,... 2010-01-15


In the Market Leader of the October 5 publication, CFW had raised the question 'How Long Before A Rights Issue Flops?'. It now seems that investors may not be willing to play the... 2009-10-13


Following a 45% decline in asset values, the UK commercial property market is a prime target for an investor looking to buy on the cheap. This logic has appealed to the sovereign... 2009-10-06