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.

Recordati: Minority Opposition Puts €51.29 Under Pressure

CVC & GBL / Recordati: A Higher Dose for the Holdouts

Recordati: CVC Seeks Full Control – Is €52 the Right Prescription?

Event-Driven

<ul>
<li>CVC and Groupe Bruxelles Lambert launched a binding €51.29/share ex-dividend take-private for Recordati, with irrevocable commitments already covering 46.8% of the share capital.</li>
<li>The offer price is effectively unchanged from the original March proposal despite completed due diligence, financing syndication and shareholder alignment, suggesting limited willingness to materially improve terms.</li>
<li>At €51.60, investors are no longer being paid for deal completion, but for the possibility of a bump.</li>
</ul>


CVC and Groupe Bruxelles Lambert launched a binding €51.29/share ex-dividend take-private for Recordati, with irrevocable commitments already covering 46.8% of the share capital.
The offer price is effectively unchanged from the original March proposal despite completed due diligence, financing syndication and shareholder alignment, suggesting limited willingness to materially improve terms.
At €51.60, investors are no longer being paid for deal completion, but for the possibility of a bump.


Recordati: Control Was Never the Question