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.

Gamma Communications: 1,156p Vs 1,120p — How Much Is a Counterbid Worth?

Gamma Communications: What Does Waterland’s LBO Support?

Gamma Communications: Waterland Without Giacom

Event-Driven

<ul>
<li>Gamma now trades as a live UK situation after Providence entered formal discussions, with the 10 June PUSU deadline creating a defined catalyst window for merger-arbitrage investors.</li>
<li>At 926p, Gamma trades on only 6.0x NTM EBITDA despite &gt;50% gross margins, recurring UCaaS revenues, minimal leverage and growing European exposure following the STARFACE acquisition.</li>
<li>The market appears to price a credible sponsor-led process, but not a competitive auction. We struggle to see a recommended transaction clearing below a four-digit share price.</li>
</ul>


Gamma now trades as a live UK situation after Providence entered formal discussions, with the 10 June PUSU deadline creating a defined catalyst window for merger-arbitrage investors.
At 926p, Gamma trades on only 6.0x NTM EBITDA despite &gt;50% gross margins, recurring UCaaS revenues, minimal leverage and growing European exposure following the STARFACE acquisition.
The market appears to price a credible sponsor-led process, but not a competitive auction. We struggle to see a recommended transaction clearing below a four-digit share price.


Gamma Communications: Providence Puts 1000p+ Into Play