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.

BMPS–Mediobanca: Super-Majority Secured; Final Day Setup

BMPS–Mediobanca: 86.3% Tendered — What Changes Now?

Mediobanca’s Failed Banca Generali Bid and Implications for BMPS’ Hostile Offer

BMPS–Mediobanca: Sweetener + Waiver Tighten the Spread

BMPS–Mediobanca: Offer Live, Market Still Says No

Event-Driven

<ul>
<li>BMPS has secured control of Mediobanca following improved terms; the offer will briefly reopen in mid-September. Market pricing has tightened the spread, reflecting convergence momentum into settlement and governance changes.</li>
<li>Acceptance dynamics likely favor incremental tenders during the re-open window as control clarity rises and strategy signals firm. Catalysts cluster around board composition, formal results notices, and subsequent settlement milestones.</li>
<li>For risk-arb, positioning now focuses on convergence mechanics and disciplined hedging around headlines; sensitivity to bidder shares remains material while post-offer pathways may include on-market top-ups and medium-term threshold considerations.</li>
</ul>


BMPS has secured control of Mediobanca following improved terms; the offer will briefly reopen in mid-September. Market pricing has tightened the spread, reflecting convergence momentum into settlement and governance changes.
Acceptance dynamics likely favor incremental tenders during the re-open window as control clarity rises and strategy signals firm. Catalysts cluster around board composition, formal results notices, and subsequent settlement milestones.
For risk-arb, positioning now focuses on convergence mechanics and disciplined hedging around headlines; sensitivity to bidder shares remains material while post-offer pathways may include on-market top-ups and medium-term threshold considerations.


BMPS–Mediobanca: Control Secured; Re-Open Week Sets the Next Leg

Mediobanca SpA

BMPS–Mediobanca: Control Secured; Re-Open Week Sets the Next Leg