Equity Capital Markets
We offer you a variety of measures to improve your company's equity position.
Erste Group’s Equity Capital Markets Team combines market insight and intelligence with corporate finance knowledge to develop capital raising and share placement solutions for you. We structure and execute equity and equity-linked new issues such as initial public offerings (IPOs), secondary placements (SPOs), rights issues, privatisations, convertible bonds and exchangeable bonds.
Our customers can rely on our ability to develop and execute tailor-made structured projects based on our international expertise and knowledge of the local markets, rules and regulations.
Our team consists of
- a core execution team based in Vienna and
- local teams in Czech Republic, Romania, Poland, Hungary, Croatia and Serbia.
We work with issuers in our core markets Austria, Germany and Central Eastern Europe and provide professional support by our equity research and sales teams to offer the best services possible for each of our clients.
Our services
IPOs, SPOs and capital increases
An IPO is an option to be considered by companies with
- an attractive investment story,
- a decent annual sales growth rate,
- an attractive industry from an investor’s point of view,
- a clearly defined corporate strategy and
- an experienced and convincing top management.
Private placements
An offering of shares to a selected number of institutional investors – as opposed to a public offering – is sometimes the preferable solution for a company looking to raise equity on the market. This decision depends on the
- type and size of the company,
- the complexity of its business model and
- the prevailing capital markets conditions.
This allows equity to be increased by up to 10% without extensive preparatory measures and without a prospectus. The prerequisite for this is an existing listing and the authorization to exclude subscription rights.
Convertible bonds
Convertible issues are well-suited for listed companies
- both rated and non-rated,
- whose shares have seen a solid performance,
- with attractive short to mid-term growth prospects and
- with an appropriate volatility and trading volume.
Convertible bonds are further highly useful for acquisition finance, significantly cutting finance costs and refinancing existing finance products.
Complex capital measures
We offer bank- and execution services in the context of complex capital measures of stock exchange listed issuers, such as
- (national and cross-border) mergers,
- spin-offs,
- takeovers and squeeze-outs and
- other capital measures.
Furthermore, we see ourselves committed to our clients as their partners in capital markets and stock exchange issues also in the future. Therefore, we support you with efficient after-market activities such as market making, paying agency services, continuous quality research coverage, organization of road shows, investor conferences and ongoing support service by Institutional Sales.
We ensure that our client’s equity capital markets transactions enjoy a high level of comfort and a short time to market.
Corporate finance and advisory services
We offer assistance to you considering IPOs, due diligence projects, valuations or that you would simply like to evaluate your finance structure. We offer state-of-the-art services in all regions and specialize in the development of flexible and individual solutions jointly with our clients.
Deals
* Deal executed via Deal executed Erste & Steiermärkische, i.e. Croatian subsidiary of Erste Group