SIMON MACKENZIE SMITH
BANK OF AMERICA
CAPCO’S push to improve Covent Garden has long been backed by Bank of America Merrill Lynch (BAML) and UBS.
The former has been Capco’s financial adviser since it demerged from Liberty and listed in London and Johannesburg in 2010.
BAML also contributes to the Covent Garden estate as a sponsor for the Royal Opera House’s cinema seasons.
It acted as joint bookrunner, adviser and corporate broker in yesterday’s placing, fielding a team led by global capital markets chairman Rupert Hume-Kendall, managing director Ed Peel and UK corporate and investment bank head Simon Mackenzie Smith (who is also a judge at this year’s City A.M. Awards).
Meanwhile UBS, which was also bookrunner, adviser and broker, used a team headed up by vice chairman Hew Glyn Davies, head of real estate Fergus Horrobin and UK equity capital markets boss Christopher Smith.
The same group at UBS led a £100m placing to fund Covent Garden work in May 2011.
There were more familiar faces in BNP Paribas and HSBC, which acted as co-lead managers on the placing, following their work on Capco’s £70m credit facility back in May and a £300m refinancing in November.
Alex Midgen and Richard Blackwell at Rothschild acted as joint financial advisers.