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.

Event-Driven

<ul>
<li>Barings Private Equity Asia is in the "preliminary stages of considering a possible offer" for AIM-listed translations leader RWS Holdings. <strong>PUSU deadline is 19 May</strong>.</li>
<li>The offer seems opportunistic at the time of share price weakness. H1 results were in line and the company is confident about its prospects. Barings may boost results adding leverage.</li>
<li>Andrew Brode will not sell cheap (shares traded at 653p four months ago). My (conservative) DCF valuation is 544p. Current market turmoil may represent a chance to go <strong>long RWS LN</strong>.</li>
</ul>


Barings Private Equity Asia is in the "preliminary stages of considering a possible offer" for AIM-listed translations leader RWS Holdings. PUSU deadline is 19 May.
The offer seems opportunistic at the time of share price weakness. H1 results were in line and the company is confident about its prospects. Barings may boost results adding leverage.
Andrew Brode will not sell cheap (shares traded at 653p four months ago). My (conservative) DCF valuation is 544p. Current market turmoil may represent a chance to go long RWS LN.


RWS Holdings

BPEA / RWS Holdings: Possible Offer