Societe Generale Corporate and Investment Banking - SGCIB’s Post

🔴 The Baltic operations of Citadele delivered an operating profit of EUR 100.2 million for the first 9 months and continued the successful support with financing for growth and development. Citadele issued a total of EUR 621 million of new lending to private and corporate clients during the period and the Baltic operations had 29% return on equity and a cost/income ratio of 42%. 🎤 “Apart from a very strong performance in the 3rd quarter, a lot of work has been put into evaluation of strategic alternatives. The bank is still looking at different options, of which an IPO is one. Good progress has been made and as one of the leading banks in the region, a public offering of Citadele could be an important milestone in the development of the local capital market” says Johan Åkerblom , Citadele CEO. ℹ Read more: https://lnkd.in/g7B_PK_C

Marval O'Farrell, Mairal has counselled an investment group in the transaction with GrupoIRSA to acquire a 50% shareholding in Quality Invest and in the subsequent sale of this shareholding to Grupo ECIPSA. Other participating firms were Zang, Bergel & Viñes Abogados which advised IRSA, and Richards, Cardinal, Tützer, Zabala & Zaefferer S.C. which advised ECIPSA. Marval’s team was led by partner Gabriel Matarasso (pictured), together with associates Carolina Fiuza and Teodoro M. Rodriguez Cáceres. Read the full article >> https://lnkd.in/eD4xwvpF #TheLatinAmericanLawyer #deals #transactions

Fortenova, successor to the Agrokor brand and the owner of Mercator Group, has refinanced its existing bond through a new bridge-type financing. Our colleagues, Partner Igor Angelovski and Senior Associate Ajda Kuhar from Ketler & Partners, member of Karanovic, advised lenders on Slovenian aspects, while our Senior Associate Sandra Perisic was advising on the Montenegrin aspects of the deal. For more details on the transaction, read our news.   #fortenova #refinancing #business #corporate #croatia #karanovicpartners

Watch the exclusive interview of our Founder and CEO, Mr. Jimeet Modi, as he talks about the strategy of our upcoming NFO – Samco Special Opportunities Fund on Zee Business. Samco Special Opportunities Fund is built on a unique proprietary DISRUPTION model with 10 distinct sub-strategies, each designed to uncover special situations within diverse themes. The fund capitalizes on market inefficiencies, aiming for long-term capital growth through undervalued or overlooked opportunities. 👉NFO opens on 17th May 2024 | NFO closes on 31st May 2024 #investsmart #finance #SamcoSOF #india #investments #fund #investnow #mutualfund #samcomutualfund #marketplace #growth #specialopportunties #upcomingfnfo #nfo

The next in the series of our Liqueo Target Operating Model articles from Eliana Boyd, PMP® poses some interesting questions to be considered when thinking about Private Credit..

This week's Liqueo TOM article is written by Eliana Boyd, PMP®, who delves into the world of private credit. The article covers various areas of interest and sheds light on the operating model challenges it can present. We are here to provide you with the tools and support you need to succeed. #privatecredit #targetoperatingmodel #consulting #assetmanagement

The #numberone event in the Baltic transaction market is less than three weeks away and we are happy to share the final programme with you (link in the comments)! ⭐ Outbound acquisitions – how do Vinted, Oxylabs.io and PVcase manage the companies they acquire in the USA and elsewhere? ⭐ Deal expectations in the upbeat energy sector: insights from Eesti Gaas, Gren, Ignitis Group and NORD/LB. The panel will be followed by a case study from Sunly. ⭐ ESG: value, risk, opportunity? Livonia Partners, Swedbank Asset Management Lithuania, Contrarian Ventures and EBRD representatives on the realities of integrating ESG aspects into investment activities in the Baltics. ⭐ Making money in PE: MidEuropa, INVL Asset Management, BaltCap and Superia on the best investment schemes and exit strategies. ⭐ The marriage of the year? Details on the merger of Invalda INVL and Šiaulių Bankas ⭐ The must-be AI topic – how to implement #GenAI for the success of PE investments? ⭐ General European M&A market overview in the face of geopolitical turmoil ⭐ Merger filing in the Baltics: don’t make those costly mistakes! Can't wait to meet you all in Vilnius on 16 April! #mergersandacquisitions #privateequity #Sorainen #Verslozinios #LTVCA

📈 Market News - Saudi Arabia's Fourth Milling Co. IPO 🌍 Saudi Arabia's Fourth Milling Co. is gearing up for its domestic initial public offering (IPO), selecting Riyad Capital as one of its advisors. The IPO, potentially taking place in the first half of this year, follows the recent trend of Saudi Arabia privatizing its flour milling industry. The offering, which could surpass $200 million, is in its early stages, and details, including size and timing, are subject to change. 💰 In 2021, Fourth Milling was part of the government's initiative to privatize the flour milling industry. It was acquired by a consortium, including Allana International, Abdullah Al Othaim Markets, and United Feed Manufacturing Co., for 859 million riyals ($229 million). The move aligns with Saudi Arabia's broader Vision 2030 plan, aiming to diversify its economy away from oil. 📊 The milling industry's privatization has been a phased process. First Milling Co. went public in May 2021 with a $266 million IPO. Modern Mills for Food Products Co. (formerly Milling Co. 3) recently received approval to list a 30% stake on the Saudi bourse. Now, Fourth Milling Co. joins the lineup, contributing to the kingdom's economic transformation. 🌐 As Saudi Arabia progresses with its Vision 2030 agenda, the IPOs of these milling companies underscore the country's commitment to diversification and privatization. Stay tuned for more updates on this dynamic market development! Personal Opinion: The continued privatization of key sectors in Saudi Arabia reflects a strategic shift in economic policy. It's fascinating to witness these IPOs contribute to the realization of Vision 2030, showcasing the kingdom's determination to reshape its economic landscape. 💼 #SaudiArabia #IPO #MarketNews #EconomicTransformation #Vision #Privatization #StockMarket #InvestmentOpportunity #MiddleEastEconomy #Investing #Economy #Business https://lnkd.in/dvziZukV

Bailador has released its June 2024 NTA Statement to the ASX. The update provides an overview of the Bailador portfolio performance for the 2024 financial year, the key portfolio company highlights during the period, and how the Fund is positioned for the financial year ahead. #Bailador #techinvesting #venturecapital #asxnews