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.

Estée Lauder / Puig: Price Discovery Emerges, Upside Compresses

Estée Lauder / Puig: Regulatory Changes Ease Path to Transaction

Estée Lauder / Puig: Financing Progress Raises Deal Probability

Event-Driven

<ul>
<li>Estée Lauder and Puig terminate merger talks, confirming that financing, governance and integration complexity ultimately outweighed strategic rationale despite months of negotiations and advanced work on structure and funding.</li>
<li>Expansion had indicated Charlotte Tilbury’s change-of-control demands became financially unworkable, validating concerns that Puig’s decentralized ownership structures and earn-outs materially complicated execution and valuation.</li>
<li>Puig should retrace toward standalone valuation, while Estée Lauder’s sharp relief rally confirms investors viewed dilution, leverage and integration risk as the dominant considerations.</li>
</ul>


Estée Lauder and Puig terminate merger talks, confirming that financing, governance and integration complexity ultimately outweighed strategic rationale despite months of negotiations and advanced work on structure and funding.
Expansion had indicated Charlotte Tilbury’s change-of-control demands became financially unworkable, validating concerns that Puig’s decentralized ownership structures and earn-outs materially complicated execution and valuation.
Puig should retrace toward standalone valuation, while Estée Lauder’s sharp relief rally confirms investors viewed dilution, leverage and integration risk as the dominant considerations.


Estée Lauder / Puig: Talks Collapse as Execution Risk Prevails

Puig Brands

Estée Lauder / Puig: Talks Collapse as Execution Risk Prevails