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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The tail end of the European IPO class of 2015 has a distinctly Nordic bias, with just two deals completing last week. Dometic, a Swedish manufacturer of appliances for caravans and boats, priced its SKr4.69bn (US$538m) Nasdaq Stockholm IPO on Tuesday. Swedish healthcare group
Following the full sign-off by the Euro Working Group for Greek recapitalisation funds on Saturday November 21, pricing and allocations have been finalised for the quartet of bank capital increases. The fundraisings were triggered by the results of the ECB’s stress test where Greek banks were found to have insufficient capital under both base and adverse scenarios.
Total has continued the run of synthetic issues this year by issuing US$1.2bn of non-dilutive seven-year convertibles. Wednesday’s trade follows similar synthetic transactions by National Grid (£400m), Iberdrola (€500m) and Vodafone (£600m) all in the space of two months.