Radar > 236917

Citigroup and Bank of América could bid for Redexis

Citigroup y Bank of América podrían pujar por Redexis

Intel ID : 236917
Synopsis

Citigroup (NYSE:C) and Bank of America (NYSE: BAC) may have submitted an offer, in the last few days to Goldman Sachs (NYSE: GS) to acquire Redexis, as published by newspaper Expansión, on 24 May 2016, citing sources close to the media.

Goldman Sachs could be considering a restricted auction, as a first option, inviting a small group of people interested in Redexis, ,mainly large funds. Some candidates that have already shown interest include: KKR (NYSE: KKR), Ardian, Cinven and Allianz, among others. The deal value could range between EUR 2bn and EUR 2.5bn.

In addition, Goldman Sachs could be analyzing a placement of Redexis on the Stock Exchange.
(content in spanish)

Citigroup (NYSE:C) y Bank of America (NYSE: BAC) podrían haber presentado en los últimos días una oferta a Goldman Sachs (NYSE: GS) por Redexis, según ha informado el diario Expansión el 24 de mayo de 2016, basándose en fuentes consultadas por el medio.

El mecanismo que estaría barajando Goldman Sachs, como primera opción para la venta, es la de subasta restringida, en la que se invitaría a presentar ofertas a un grupo reducido de interesados en Redexis, especialmente grandes fondos. Algunos candidatos que ya habrían mostrado su interés son: KKR (NYSE: KKR), Ardian, Cinven y Allianz, entre otros. La operación podría situarse entre EUR 2.000m y EUR 2.500m.

Asimismo, Goldman Sachs estaría analizando también la colocación en Bolsa de Redexis.

Bidder

Bank of America
United States
Citigroup
United States

Seller

Goldman Sachs
United States

Advisors

prospect

Intel ID 236917
Value ND
Native Currency Euro (EUR)
Financial Data - Grupo Redexis Gas
(31 Dec 2017)
Revenue: EUR 231,80m
EBITDA: EUR 162,20m
Net Debt: EUR 1.026,10m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.07 Oil & Gas Storage, Distribution & Retail (Downstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Secondary Sectors (TTRSC)
25.02.05 Multiline Insurance Providers
25 Financial Services / 25.02 Insurance

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.