Robert Venes is assistant editor of equities and structured equity at IFR. Robert joined IFR in late 2009 from sister title Acquisitions Monthly, focusing on private equity transactions and fundraisings. He was previously associate editor at Private Equity International and, before that, editor of Venturedome.
A combination of weakening aftermarkets, investor fatigue and seasonal caution spurred the cancellation of one sizeable European IPO last week and the restructuring of another, despite earlier covered messages on both transactions.
Books were covered within hours of launch on Wednesday morning for a €584.5m–€681.3m Milan IPO of private equity-owned fashion business Moncler.
Two private equity houses – one global, one domestic – trimmed their positions in French companies this week. After successful flotations for Numericable and Blue Solutions, flooring manufacturer Tarkett had a disappointing trading debut, but a selldown in IT consultancy Atos garnered significant support.
- Sponsor enters exchangeable bond market
- US rights sold
- Just Retirement just drops
- Merlin magic as stock rides sweet spot
- Early coverage for LSE listings
- Investors switched on for Numericable
- Alrosa polishes up OK