IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<a href="https://www.smartkarma.com/entities/prosiebensat-1-media-se" target="_blank" data-smartkarma-citation="entities:21696:1" rel="noopener">Prosiebensat.1 (PSM GR)</a> , one of Germany’s largest free-to-air television stations has been subject to significant stake increase in recent weeks and now 24.2% owned by Silvio Berlusconi’s <a href="https://www.smartkarma.com/entities/mediaset-spa" target="_blank" data-smartkarma-citation="entities:21207:1" rel="noopener">Mediaset SpA (MS IM)</a> . On top of this, private equity firm KKR has built a 5.2% stake while Czech Media Invest, run by billionaire Daniel Kretinsky, has now accumulated a 10% stake in the company.  Mr Kretinsky is well known in M&amp;A circles after unsuccessfully attempting to take over Germany grocery and electronics retailer <a href="https://www.smartkarma.com/entities/metro-ag" target="_blank" data-smartkarma-citation="entities:21673:1" rel="noopener">METRO AG (MEO GR)</a> last year.We believe consolidation is necessary for European cable and Prosieben looks cheap vs. its peer group after a recent sell-off. On the flip side, we think KKR’s stake could represent a potential blocking stake and could scuttle a complete takeover.Below we look at the current situation and give our initial thoughts on this unique development in the Euro cable space. More details below.

Prosiebensat.1 (PSM GR) , one of Germany’s largest free-to-air television stations has been subject to significant stake increase in recent weeks and now 24.2% owned by Silvio Berlusconi’s Mediaset SpA (MS IM) . On top of this, private equity firm KKR has built a 5.2% stake while Czech Media Invest, run by billionaire Daniel Kretinsky, has now accumulated a 10% stake in the company.  Mr Kretinsky is well known in M&amp;A circles after unsuccessfully attempting to take over Germany grocery and electronics retailer METRO AG (MEO GR) last year.We believe consolidation is necessary for European cable and Prosieben looks cheap vs. its peer group after a recent sell-off. On the flip side, we think KKR’s stake could represent a potential blocking stake and could scuttle a complete takeover.Below we look at the current situation and give our initial thoughts on this unique development in the Euro cable space. More details below.

Prosieben: Berlusconi Vs. KKR –a Failed Bidding War?

ProSiebenSat.1 Media SE

Prosieben: Berlusconi Vs. KKR –a Failed Bidding War?