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.

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Event-Driven

<ul>
<li>EU Commission and Austria/Belgium cleared. Remaining approvals: US HSR and FDI in Australia, Denmark, France, Germany, Netherlands, Spain. After these, UK High Court sanction and order registration are gating steps.</li>
<li>At 4,088p versus 4,175p consideration, gross spread is 2.13%. Expected annualized IRR ~4–6% assuming Jan–Mar 2026 cash. June entry at £32.04 still screens exceptional, ~39–51% annualized, settlement-dependent on current guidance.</li>
<li>Maintain exposure; monitor court timetable and residual filings pace. Dividend ex-date is 2 October 2025. Outcome probability remains high; timing within Q1 drives IRR sensitivity and settlement-month dispersion for investors.</li>
</ul>


EU Commission and Austria/Belgium cleared. Remaining approvals: US HSR and FDI in Australia, Denmark, France, Germany, Netherlands, Spain. After these, UK High Court sanction and order registration are gating steps.
At 4,088p versus 4,175p consideration, gross spread is 2.13%. Expected annualized IRR ~4–6% assuming Jan–Mar 2026 cash. June entry at £32.04 still screens exceptional, ~39–51% annualized, settlement-dependent on current guidance.
Maintain exposure; monitor court timetable and residual filings pace. Dividend ex-date is 2 October 2025. Outcome probability remains high; timing within Q1 drives IRR sensitivity and settlement-month dispersion for investors.


KKR–Spectris: Major Reg Hurdles Cleared; Timing Drives 2.13% Gross Into Q1’26

Spectris PLC

KKR–Spectris: Major Reg Hurdles Cleared; Timing Drives 2.13% Gross Into Q1’26