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.

CNMV Clears Neinor’s OPA; Mandatory €24 Offer for Aedas Minorities Now Base Case

Potential Takeover of Aedas Homes by Hines and Starwood

Neinor/Aedas Homes: Locked-In Majority, But Minorities May Still Get Paid

Neinor. Aedas Homes: EGM Set, Regulatory Clearance Secured — But No Sweetener Yet

Event-Driven

<ul>
<li>Neinor will complete the voluntary OPA at €21.335 with Castlelake’s 79%, then launch a mandatory €24/share offer for minorities if acceptance falls below 50%, effectively setting a regulatory floor.</li>
<li>Aedas shares jumped to €23.65 as the market prices a near-certain €24 exit. The resulting 1.5% spread offers a mid–single-digit annualized return, driven mainly by timeline rather than deal risk.</li>
<li>Next steps include CNMV approval of the voluntary OPA, acceptance verification, and automatic escalation to the mandatory €24 offer. Execution risk remains minimal; timing drift is now the main variable.</li>
</ul>


Neinor will complete the voluntary OPA at €21.335 with Castlelake’s 79%, then launch a mandatory €24/share offer for minorities if acceptance falls below 50%, effectively setting a regulatory floor.
Aedas shares jumped to €23.65 as the market prices a near-certain €24 exit. The resulting 1.5% spread offers a mid–single-digit annualized return, driven mainly by timeline rather than deal risk.
Next steps include CNMV approval of the voluntary OPA, acceptance verification, and automatic escalation to the mandatory €24 offer. Execution risk remains minimal; timing drift is now the main variable.


Neinor / Aedas Homes – Second OPA at €24 for Minorities Reshapes the Arb

Aedas Homes SA

Neinor / Aedas Homes – Second OPA at €24 for Minorities Reshapes the Arb