Robert Venes is assistant editor of equities and structured equity at IFR. Robert joined IFR in late 2009 from sister title Acquisitions Monthly, where he focused on private equity transactions and fundraisings. He was previously associate editor at Private Equity International and, before that, editor of Venturedome.
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German IPOs have roared back into life after a relatively fallow period at just the wrong moment. Deals that looked to be robust and easy a few weeks ago are stuttering against a difficult backdrop.
JP Morgan secured a remarkable sole bookrunner slot on a €1.61bn capital increase for telecoms group Altice that is part of the funding for its US$17.7bn purchase of Cablevision.
Abengoa intends to refinance a €200m project finance loan provided by a US hedge fund, but may have trouble doing so given the market’s continued wariness of the Spanish energy company’s debt.