European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Triton/Caverion: Offer Declared Unconditional

North Holdings 3/​Caverion: Fair Enough

Event-Driven

<ul>
<li>On 8 March, the Bain's consortium announced that it will lower the minimum acceptance threshold from over 66.66% to over 50%. Irrevocables seem to have ceased to be in effect.</li>
<li>Triton's all in: the acceptance period for its offer commenced on 8 March, has agreed to purchase up to 22.8% and will resume buying in the market.</li>
<li>Gross spread is 1.1%. I'd be long in case the Bain's consortium improves Triton's offer, which may depend on the additional debt than private members of Bain's consortium could afford.</li>
</ul>


On 8 March, the Bain's consortium announced that it will lower the minimum acceptance threshold from over 66.66% to over 50%. Irrevocables seem to have ceased to be in effect.
Triton's all in: the acceptance period for its offer commenced on 8 March, has agreed to purchase up to 22.8% and will resume buying in the market.
Gross spread is 1.1%. I'd be long in case the Bain's consortium improves Triton's offer, which may depend on the additional debt than private members of Bain's consortium could afford.


Acceptance Period for Triton's Offer Commences, Irrevocables for Bain's Cease to Be in Effect

Caverion Corp

Acceptance Period for Triton's Offer Commences, Irrevocables for Bain's Cease to Be in Effect