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

Infrastrutture Wireless Italiane / Event-Driven

Infrastrutture Wireless Italiane (INW IM)

<ul>
<li>Ardian and Oak Holdings, controlling 70.6% of INWIT, are reportedly arranging financing for a take-private. Mubadala could join, but no formal offer has emerged.</li>
<li>TIM and Fastweb, accounting for 80% of revenues, are challenging their tower contracts. Our DCF yields €6.44/share with contracts preserved and €5.62 risk-weighted.</li>
<li>At €7.15, a hypothetical €8.50 bid offers 18.9% upside, against 21.4% standalone downside. We would stay on the sidelines pending a formal proposal.</li>
</ul>


Ardian and Oak Holdings, controlling 70.6% of INWIT, are reportedly arranging financing for a take-private. Mubadala could join, but no formal offer has emerged.
TIM and Fastweb, accounting for 80% of revenues, are challenging their tower contracts. Our DCF yields €6.44/share with contracts preserved and €5.62 risk-weighted.
At €7.15, a hypothetical €8.50 bid offers 18.9% upside, against 21.4% standalone downside. We would stay on the sidelines pending a formal proposal.


Ardian & Oak Holdings / INWIT: A Towering Question