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.

Selected European HoldCos and DLC: July 2025 Report

Selected European HoldCos and DLC: September 2025 Report

Industrivärden Q3 2025: NAV Growth, Narrowing Discount, and Portfolio Rotation

Initiating Coverage Of "New" Vivendi, Latest Portfolio Disposals

Selected European HoldCos and DLC: June 2025 Report

Selected European HoldCos and DLC: May 2025 Report

Digging Deeper: The Vote Failed, But the Value in Rio Tinto’s Dual Listing Remains Untapped

Event-Driven

<ul>
<li>Vivendi trades at a 37.7% discount to NAV, with a mandated buyout by Bolloré offering a realistic upside of 22–37% within six months pending French Supreme Court review.</li>
<li>The AMF has ruled that Bolloré must launch a tender offer. Vivendi's simplified structure, anchored by UMG, enables clear valuation through a detailed SOTP showing €5.26/share NAV.</li>
<li>With liquidity exceeding €3bn, Bolloré can finance a buyout of minority shareholders. Even conservative pricing scenarios imply strong returns for arbitrage investors seeking event-driven upside.</li>
</ul>


Vivendi trades at a 37.7% discount to NAV, with a mandated buyout by Bolloré offering a realistic upside of 22–37% within six months pending French Supreme Court review.
The AMF has ruled that Bolloré must launch a tender offer. Vivendi's simplified structure, anchored by UMG, enables clear valuation through a detailed SOTP showing €5.26/share NAV.
With liquidity exceeding €3bn, Bolloré can finance a buyout of minority shareholders. Even conservative pricing scenarios imply strong returns for arbitrage investors seeking event-driven upside.


Vivendi: Mandatory Buyout in Motion – High-Conviction Risk Arb with 30%+ Upside

Vivendi SE

Vivendi: Mandatory Buyout in Motion – High-Conviction Risk Arb with 30%+ Upside