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.

Brookfield/​Alstria Office REIT: Additional Acceptance Period

Brookfield/Befimmo: Recommended (Cheap) Cash Offer

Brookfield/Hibernia REIT: Agreed Fair Offer

Brookfield/Alstria Office REIT: Potential Takeover

Event-Driven

<ul>
<li>The bid came finally at <strong>€19.5/share in cash</strong>, above expectations and almost same level as Capital IQ consensus 22e NAV (€19.37/share). </li>
<li>The offer  has been well timed and taking advantage of the slow recovery in German offices. Brookfield increased its shareholding since bid rumors surfaced.</li>
<li>Gross spread is c. 0% for a friendly deal highly likely to close, at current offer price. <strong>Wait for share price weakness</strong> before setting up a position.</li>
</ul>


The bid came finally at €19.5/share in cash, above expectations and almost same level as Capital IQ consensus 22e NAV (€19.37/share). 
The offer  has been well timed and taking advantage of the slow recovery in German offices. Brookfield increased its shareholding since bid rumors surfaced.
Gross spread is c. 0% for a friendly deal highly likely to close, at current offer price. Wait for share price weakness before setting up a position.


Brookfield/Alstria Office REIT: Agreed Takeover Offer

alstria office reit-ag

Brookfield/Alstria Office REIT: Agreed Takeover Offer