Thursday, 19 October 2017

Stephen Lacey' s stories

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  • Hamilton Lane touts growth of private investments

    Equities | 17 February 2017

    Hamilton Lane, the private market investment manager, is looking to solidify its legacy with a forthcoming IPO. Like other asset managers that have gone before it, the US$200m offering will be used to cash out partners as well as to pay down bank borrowings.

  • Jose Cuervo goes down smoothly

    Equities | 10 February 2017

    Tequila maker Jose Cuervo had no problem closing its landmark IPO last week, attracting investors from around the world to a Mexican stock listing that achieved high-end pricing.

  • Cliffs rides high on recovery of US steel

    Equities | 10 February 2017

    Cliffs Natural Resources wasted no time seizing on momentum from a blowout fourth quarter by securing US$590m in an all-primary stock sale on Thursday and another US$500m of high-yield the following day.

  • Microchip two-parter raises US$2.3bn

    Structured Equity | 10 February 2017

    Microchip Technology is no stranger to the convertible bond market and certainly not averse to taking advantage of the more arcane flexibilities afforded by the asset class.

  • Jose Cuervo IPO goes down smoothly

    Ticker | 09 February 2017

    Purveyors of booze are largely immune to economic and political turmoil - and Jose Cuervo maybe more so than most.

  • Donald Trump

    Mexican cement maker plays Trump card

    Top News | 03 February 2017

    What former Mexico president Vicente Fox calls “that fucking wall” may not be popular with many Mexicans, but that isn’t stopping leading Mexican cement maker Grupo Cementos de Chihuahua from hoping to cash in on its construction.

  • Energy firms seize on production growth

    Equities | 03 February 2017

    Sanchez Energy solidified its financial footing with a US$125m primary block sale of stock after the close. The raising is not entirely unexpected following the recent acquisition of oil and gas properties from Anadarko Petroleum earlier in January through a joint venture with Blackstone.

  • Permian E&P falls short of lofty target

    Equities | 27 January 2017

    Jagged Peak IPO breaks down on high asking price

  • Liberty invites F1 teams to co-invest

    Structured Equity | 20 January 2017

    Liberty Media is to invite Formula One teams to invest in the race business by offering them the opportunity to purchase Liberty

  • Oilfield services company hits gusher

    Equities | 20 January 2017

    The case for investment in the oilfield services sector has less to do with absolute analysis, and more to do with valuation relative to oil producers. If E&Ps are now fully valued (and they are by historic standards), oilfield services stocks are cheap and offer higher operating leverage to growing oil production.