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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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
Three medical diagnostics groups from Europe and the Middle East were at varying stages of initial public offerings last week, highlighting an increased appetite for healthcare stocks that has also witnessed an uptick in biotechnology groups opting for local rather than US listings.
Commerzbank completed its fifth capital increase in four years last week, picking up €1.377bn in an overnight trade designed to bolster its capital and leverage ratios. The transaction was dealt with in short order, although regulations required holding the book open overnight.