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.

EQT/Solarpack: Friendly Take-Private Deal

KKR/Albioma: Offer Success and Reopening of Offer Period

Antin/Opdenergy: Spanish Renewables in Focus

KKR / Albioma: Agreed Offer, Est. Timetable

Event-Driven

Greenvolt-Energias Renovaveis / Event-Driven

<ul>
<li>KKR is pursuing the acquisition and delisting of the Portuguese renewable energy company <a href="https://www.smartkarma.com/entities/greenvolt-energias-renovaveis" target="_blank" data-smartkarma-citation="entities:40659:1" rel="noopener">Greenvolt-Energias Renovaveis (GVOLT PL)</a> at €8.30/share in cash, an 11.5% premium to CSP, 95.3% premium to IPO price.</li>
<li>The price also represents 30% discount to the highest closing share price, but core shareholders (60.86%) seem happy to sell, which will trigger a mandatory offer.</li>
<li>The offer doesn't seem generous. Although KKR could sweeten the price to encourage minorities to tender, precedents of Solarpack and Opdenergy do not invite much optimism. Long.</li>
</ul>


KKR is pursuing the acquisition and delisting of the Portuguese renewable energy company Greenvolt-Energias Renovaveis (GVOLT PL) at €8.30/share in cash, an 11.5% premium to CSP, 95.3% premium to IPO price.
The price also represents 30% discount to the highest closing share price, but core shareholders (60.86%) seem happy to sell, which will trigger a mandatory offer.
The offer doesn't seem generous. Although KKR could sweeten the price to encourage minorities to tender, precedents of Solarpack and Opdenergy do not invite much optimism. Long.


Greenvolt-Energias Renovaveis

KKR/Greenvolt: Low Chances of Bump-Up