Tuesday, 14 August 2018

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  • KKR logo

    Envision LBO adds to deal bonanza

    Private equity firm KKR’s US$9.9bn leveraged buyout of Envision Healthcare has helped boost private equity deal volumes to levels not seen since before the financial crisis.

  • MAR adds to aggro as mandates pile up

    MAR adds to aggro as mandates pile up

    Nearly 70 potential bond deals across the world are stuck in limbo as volatile market conditions put off issuers from going ahead with offerings, even after undertaking extensive marketing with investors.

  • Deal document

    Loan investors score small victories

    Investors are winning concessions on leveraged loan documents on large buyout deals, including those from Danish telecoms group TDC and French cyber security firm Exclusive Group, but these are small victories as the pressure to invest is allowing documentation to become more aggressive overall.

  • Euro bills

    Adyen soars following €950m US-style IPO

    Adyen’s €946.9m Euronext Amsterdam IPO was the hottest European ECM ticket in years, thanks to a combination that is rare in Europe: a fast-growing profitable tech company, scarcity of stock and a reasonable valuation. The pop in the Dutch payments company’s share price that followed was inevitable – if perhaps larger than expected with shares more than doubling on their first day of trading.

  • A camel owner stands next to his camel as he waits for the start of the Camel Beauty Contest in the town of Selcuk, near the western Turkish coastal city of Izmir

    SOK abandons controversial buyback

    SOK Marketler was the sole survivor from a trio of Turkish retailers that attempted to float in May, but its IPO success has been undermined by a plan to buy back shares from its major shareholder at a premium to the market price.

  • A kite surfer soars high above the waves at St. Kilda beach in Melbourne, Australia.

    Mood changes as European IPOs fly

    European ECM is approaching the end of the second quarter in significantly better health than at the beginning, with the majority of IPOs in the past two weeks pricing off the bottom of their respective ranges and trading in positive territory.

  • Commuters walk past an ANZ bank branch in Sydney, Australia.

    Cartel charges rock Australia's capital markets

    Australia’s capital markets community is reviewing its approach to equity offerings after the competition watchdog filed criminal charges over alleged cartel behaviour following a 2015 share placement.

  • A man walks past a Xiaomi store in Shenyang, Liaoning province, China.

    Xiaomi readies China’s first CDR

    Smartphone maker Xiaomi is only weeks away from becoming the first overseas-domiciled company to sell shares in China after regulators began accepting listing applications for Chinese depositary receipts last week.

  • South Korean President Moon Jae-in bids fairwell to North Korean leader Kim Jong Un as he leaves after their summit at the truce village of Panmunjom, North Korea.

    Markets weigh Korean peace dividend

    There are emerging markets, frontier markets, and there is North Korea.

  • aleris

    Aleris asks investors for leap of faith

    US aluminium company Aleris is asking bond investors to bet that years of investments will pay off, as it seeks to refinance US$1.5bn of debt with the help of a creative financial metric.