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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Shopping-channel jeweller Elumeo will be able to put its growth plan into action after securing the funds it was looking for in its IPO. In order to get a deal done, existing shareholders cancelled their plans to sell in the base deal, with the two sellers providing just the greenshoe.
The Greek debt crisis has hit European ECM like a truck this morning, after a period where primary issuance had been remarkably insulated from events in Southern Europe.
Two companies threw in the towel on going public last week, claiming that market volatility had made successful allocation impossible – even though banks involved on both deals had already put out messages saying books were covered. The casualties were Global Ports, a Turkish cruise por