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>Founders (34.9% stake) of Curtis Banks are cashing in a recommended 350p offer (32% premium) launched when the stock had not yet fully recovered from the Covid crisis lows.</li>
<li>The Scheme has been approved at both the Court Meeting and General Meeting. Pending green light from FCA, PRA, SRA, CMA (none of those should pose any problem) and Court sanction.</li>
<li>Spread is 2.6%/10.9% (gross/annualised) assuming closing by 30 June (though it should happen earlier). Although the stock is not massively liquid, many usual arb investors are long. <strong>BUY</strong>.</li>
</ul>


Founders (34.9% stake) of Curtis Banks are cashing in a recommended 350p offer (32% premium) launched when the stock had not yet fully recovered from the Covid crisis lows.
The Scheme has been approved at both the Court Meeting and General Meeting. Pending green light from FCA, PRA, SRA, CMA (none of those should pose any problem) and Court sanction.
Spread is 2.6%/10.9% (gross/annualised) assuming closing by 30 June (though it should happen earlier). Although the stock is not massively liquid, many usual arb investors are long. BUY.


Curtis Banks

Nucleus Clyde/Curtis Banks: Spread