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.

Selected European HoldCos and DLC: April’23 Report

FEMSA's Exit from Heineken/Heineken Holding and Share Price Spread

Selected European HoldCos and DLC: May’23 Report

Selected European Holdcos and DLC: February‘23 Report

FEMSA/Heineken Holding Chain: Stake Sales and Share Price Spread

Event-Driven

Groupe Bruxelles Lambert Sa / Event-Driven

<ul>
<li>Concentrix has signed a deal to merge with Webhelp (unlisted) in a cash and shares deal worth roughly $4.8 billion, including net debt. Webhelp is 59.15% owned by GBL.</li>
<li>GBL obtains €1,787 million (vs. €1,721 million last valuation). GBL doesn't miss on a good deal, even momentarily reversing the trend of increasing share of private assets in portfolio.</li>
<li>The discount, albeit recently tightening, stays at a high level, 36.9%, despite the good deal and higher portfolio visibility and cash holdings.</li>
</ul>


Concentrix has signed a deal to merge with Webhelp (unlisted) in a cash and shares deal worth roughly $4.8 billion, including net debt. Webhelp is 59.15% owned by GBL.
GBL obtains €1,787 million (vs. €1,721 million last valuation). GBL doesn't miss on a good deal, even momentarily reversing the trend of increasing share of private assets in portfolio.
The discount, albeit recently tightening, stays at a high level, 36.9%, despite the good deal and higher portfolio visibility and cash holdings.


Groupe Bruxelles Lambert Sa

Concentrix/Webhelp: A Good Deal for GBL