Awards for Excellence 2014: Best global equity house
Clarity of focus gives Morgan Stanley the edge in helping clients to raise capital, its bankers say.
Best global equity house:
Morgan Stanley demonstrated expertise across the equity capital markets over the last 12 months, including capital raising through rights offerings and the robust IPO market, complex M&A-related equity financing and even block trades.
Executing seven of the 10 largest secondary follow-ons, Morgan Stanley was the leading bank in assisting a variety of governments and corporations to raise funds from selling down colossal stakes in offerings such as Lloyds Banking Group’s $6.9 billion accelerated bookbuild, ING US’s IPO and two follow-on deals raising $3 billion in total proceeds, and YPF’s $1.3 billion block offering from Repsol.
Morgan Stanley successfully delivered solutions for the most complex corporate transactions, including M&A financing through concurrent equity and convertible offerings for Crown Castle through a $3.1 billion follow-on and $980 million convertible, for Weyerhauser through a $925 million follow-on and $690 million convertible, and the strategic financing for Telekom Italia through a RegS $1.8 billion mandatory convertible bond launched with two tranches and a reference price determined post-pricing.