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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Morgan Stanley carried out a second and apparently final derivative-related trade in UK ad agency group WPP last night. Last October, Bain Capital acquired Japan’s Asatsu-DK for US$1.35bn and Morgan Stanley entered into a derivative transaction with Asatsu for its entire 2.47% stake in WPP.
Centerbridge upsized its sell-down in Banca Farmafactoring last night due to strong demand, driven by reverse enquiry.
Management was in London today for the Euronext Brussels listing of Acacia Pharma, which focuses on treating and preventing nausea and vomiting suffered by surgical and cancer patients.