The Client: Q&A with Allianz head of corporate finance
Stephan Theissing is the treasurer of Allianz as well as its head of corporate finance. He’s the man that investment bankers, looking for a share of the global financial group’s substantial capital markets activity, need to impress. Peter Koh finds out what they have to do to win his favour.
|The key deals in 2005|
Simultaneous €1.3 billion index-linked forward monetisation, €1.6 billion mandatory exchangeable, €1.4 billion subordinated bond with warrants, €2.7 billion senior debt buy back, and internal share transfer.
€377.2 million block trade
€1.125 billion accelerated bookbuild
€5.7 billion acquisition of remaining 44.6% of shares in Italian insurer Riunione Adriatica di Sicurta
Innovative €2.185 billion accelerated share placement in which Allianz issued 10.1 million new shares and borrowed 10.7 million existing shares from investors to sell them on to others.
ALLIANZ IS ONE of the most prized clients in investment banking. It’s the fourth-largest financial group in the world, with revenues last year close to €100 billion. In 2005 it was behind about $10 billion-worth of M&A deals, €6 billion of equity sales and more than $2 billion of debt issues. Investment bankers who have worked with Allianz treasurer Stephan Theissing describe him as one of the smartest in the business.