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.

Grifols – Operational Recovery Reduces Urgency for a Takeover

Liquid Universe of European Ordinary and Preferred Shares: August '25 Report

Liquid Universe of European Ordinary and Preferred Shares: September'25 Report

Svenska Handelsbanken: Arbitraging Brought to Book

Liquid Universe of European Ordinary and Preferred Shares: June '25 Report

Liquid Universe of European Ordinary and Preferred Shares: May '25 Report

Event-Driven

<ul>
<li>Since mid-June, share price spreads have generally widened across the European liquid universe of ordinary and preferred shares, with 6 tightening and 13 widening.</li>
<li>The premium of non-voting, less liquid Handelsbanken B shares vs. A has widened to 59.2%; the discount of Grifols B has widened (Brookfield’s approach remains tentative and non-committal).</li>
<li>Recommended trades long preferred/short ords: Atlas Copco, BMW, Grifols, MFE Media-for-Europe. Recommended trades long ordinary / short preferred shares: Handelsbanken, Henkel.</li>
</ul>


Since mid-June, share price spreads have generally widened across the European liquid universe of ordinary and preferred shares, with 6 tightening and 13 widening.
The premium of non-voting, less liquid Handelsbanken B shares vs. A has widened to 59.2%; the discount of Grifols B has widened (Brookfield’s approach remains tentative and non-committal).
Recommended trades long preferred/short ords: Atlas Copco, BMW, Grifols, MFE Media-for-Europe. Recommended trades long ordinary / short preferred shares: Handelsbanken, Henkel.


Mediaset España Comunicación, S.A. (TL5 SM)

Telefonaktiebolaget Lm Ericsso (ERICB SS)

Telefonaktiebolaget LM Ericsso (ERICA SS)

Liquid Universe of European Ordinary and Preferred Shares: July '25 Report

Grifols SA

Liquid Universe of European Ordinary and Preferred Shares: July '25 Report