ECM
TP ICAP Midcap’s Equity Capital Markets (ECM) team is dedicated to ensuring the success of our equity capital-raising mandates across all sectors. This team plays a vital role in building and maintaining strong relationships with our corporate clients.
Our ECM specialists possess extensive experience in crafting tailored solutions to optimise value for your ECM transaction. We understand that each transaction is unique. We work closely with our corporate clients to provide them with the strategic advice and innovative solutions that help meet their specific needs and objectives.
The ECM Team plays a crucial role in presenting the equity story, identifying potential institutional investors, and overseeing all investor interactions once the fundraising process starts. Leveraging our robust relationships with institutional investors, we possess substantial placing power for the benefits of our clients. During placements, our ECM team leads on pricing and allocations, ensuring stock is placed in the right hands at the right price.
To find out more, please contact us at tpicap_ecm@tpicap.com
Strong expertise, combined with in-depth understanding of the European market landscape, has equipped us to execute more than 180 ECM transactions since 2014, cementing our position as one of the leading players in the European Small and Mid-Cap landscape.
Private funding, or capital raising for a non-listed company, is a process by which a company seeks to raise funds from a limited number of venture capital firms, private equity firms, or other institutional investors. This is a first step for a company that we still consider to be too early in its development for the financial markets.
Private funding provides an opportunity for the company to structure itself and deliver the necessary years of solid results before potentially pursuing an IPO. This approach gives the company the flexibility to choose the timing that best aligns with its growth trajectory and strategic goals.
TP ICAP Midcap’s team leverages an extensive network of relationships to deliver capital solutions to our clients efficiently, and effectively.
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time. In so doing, the company transitions from being privately owned to being publicly traded on a stock exchange. This allows the company to raise capital to support its growth by selling new shares to investors, but it also provides liquidity for existing shareholders.
TPICAP Midcap provides enhanced support to companies through every phase of their IPO, including equity valuation, prospectus drafting, AMF and Euronext presentation, coordination of all involved parties, and global placement.
A capital increase, or equity offering, is a corporate action through which a publicly traded company raises funds by issuing new shares to existing and new shareholders. The primary purposes of a capital increase are usually to strengthen the company's balance sheet, support growth initiatives, finance acquisitions, or reduce debt. When a company decides to increase its capital, it may offer new shares to the public through a private placement or public offering, or it may issue shares to existing shareholders through a rights issue.
TPICAP Midcap assists listed companies in all aspects of the capital increase process, advising them on the most suitable format for their needs, whether it be a public offering, a private placement, convertible bond, etc. Our team's expertise allows us to offer bespoke solutions and provide direct access to our network of European institutional investors.
A secondary offering, also known as follow-on offering, is a non-dilutive process through which a publicly traded company sells existing shares of its stock, usually held by historical shareholders, such as founders, employees, or early investors. The proceeds from a secondary offering go to the selling shareholders and not to the company itself.
TP ICAP Midcap facilitates the partial/total exit of existing shareholders in blocks or through a more organised placement via Accelerated Book Building to minimise the impact on the share price. These transactions can represent several months' trading in a single day and are executed successfully due to the expertise and dedication of our sales team.
TP ICAP Midcap supports takeover bids by providing guidance on structuring, valuation, presentation and follow-up interaction with the Regulator, and share repurchases on Euronext as an active market member. Leveraging our experience, we have successfully completed over 30 transactions in recent years, establishing ourselves as experts in public offers.
Click here to access all our ECM Transactions.
DCM
Our Debt Capital Markets (DCM) team specialises in raising debt, for small and mid-cap corporates (publicly traded or not) in amounts ranging from £20m to £500m. Our expertise and deep understanding of market demand, enables our clients to secure significantly better terms.
Our expertise covers all forms of debt instruments, from listed bond to pure advisory, all focussed on helping our clients meet their fundraising goals, enabling them to finance acquisitions, or refinance, restructure, and often simplify, their existing debt.
To find out more, please contact us at tpicap_dcm@tpicap.com
As independent advisors, we have a unique and unbiased view on debt instruments. We offer impartial, tailored solutions throughout the debt-raising process with the singular objective of delivering the best possible service to our clients.
- RCF / Asset-based lending / Factoring
- Syndicated bank loans / Club deals / Bridge loans / Bilateral loans
- State-backed financings (PGE / PPR / OR / Fonds de Transition)
- Bonds issuance (Investment grade and High-Yield, EuroPP)
- Unitranche & Mezzanine
Click here to access all our DCM Transactions.
Corporate Broking
TP ICAP Midcap offers day-to-day, expert advice and support to Corporate clients across all aspects of their engagement with the equity market. By facilitating communication between them, their investors, and the markets, we help clients navigate the complexities of the financial industry. By offering a complete set of tools to Corporate clients, such as Liquidity Contracts, Corporate Brokerage, Sponsored Research or Listing Sponsor, our Corporate Broking team assists our clients by providing institutional feedback and comprehensive market intelligence.
To find out more, please contact us at corporatebroking@tpicap.com
The TP ICAP Midcap teams pay a significant attention on post-IPO, recognising the latter as the initial phase of a company's journey on the stock market. Valuation and financing capacity are continuously addressed, fostering a long-term relationship built on trust with the Entrepreneurs with whom we work. Our commitment is reflected by the 120 corporate clients who rely on us daily to address their various stock market challenges.
TP ICAP Midcap has developed a unique approach to stock marketing: blending sponsored research and corporate access specifically tailored to European small and mid-cap listed companies. Our primary objective is to optimise their visibility in financial markets, and European institutional investors.
The objective of a liquidity contract is to improve the liquidity and trading conditions for the company's shares. This is achieved by providing continuous trading and avoiding price shifts that are not justified by current market trends.
TP ICAP Midcap, registered as a Liquidity Provider with Euronext Paris, is one of the most active players in France, offering a professional, independent, and sophisticated service through a dedicated team of traders and IT specialists. This allows our Corporate clients to see an increase in investor interest, and a more efficient market all participants, while respecting a strong principle of independence.
TP ICAP Midcap offers Corporates an independent and specialised negotiation platform to access Equity markets for Buyback programmes, strategic stake building, and liquidity management.
TP ICAP Midcap is registered as a Listing Sponsor on all Euronext Growth markets (Paris, Dublin, Brussels and Lisbon). We help Corporates meet their communication objectives, ensuring compliance with market and regulatory requirements, and delivering up-to-the-minute market insights.
Research & Sales
Our research offering is integral to our operations. It is centred on in-depth analysis of individual stocks, and is complemented by top-tier investment strategy and credit research.
As a research provider, TP ICAP Midcap aims to optimise the market's perception of listed and non-listed companies, challenge prevailing opinions, and critically assess statements made by company management.
With our comprehensive coverage and personalised approach, we are committed to delivering value to our clients and helping them achieve their investment goals.
TP ICAP Midcap has an extensive and unparalleled coverage of 140+ European companies, spanning all sectors. Our team of 15 seasoned analysts, dedicated to Small and Mid-Cap companies only, ensures that we provide in-depth and specialised analysis of these often-under-covered segments of the market.
We pride ourselves in offering a tailor-made institutional research product, designed to meet the specific needs and preferences of our clients. This commitment to excellence has earned us the trust of over 250 investors, who rely on our research every morning to guide their investment strategies and stay ahead of market trends.
In a market that's constantly evolving, we're always introducing new offer to stay ahead. Our Big Data product is a distinct equity research service. Harnessing Artificial Intelligence, our Big Data service is engineered to predict trends in companies figures based on public statistics data.
Our analysts conduct tens of thousands of calls and meetings annually with institutional clients. They also engage in daily discussions with the CEOs and CFOs of the companies we cover to offer quantitative and qualitative analysis that is distinct in the market.
Thanks to our sales force and research department specialising in Small and Mid-Caps, TP ICAP Midcap is one of the most active operators in the organisation of meetings between institutional investors and the management of listed companies.
Be it Non-Deal Roadshow, Capital Market Days, or Thematic Seminars, we organise over 100 events per year at the heart of the European Small and Mid-Cap ecosystem.
TP ICAP Midcap’s Annual Conference is a landmark event for the industry. It facilitates connections between institutional investors, and the management teams of our Corporate Clients. During just two days, more than 250 institutional investors meet.
At TP ICAP Midcap, we pride ourselves on our effective relationship with the financial press. This enables us to offer up-to-the-minute insights and analysis to our institutional clients, and the wider market. Our analysts are frequently cited by the financial press in articles related the companies we cover. This demonstrates the depth of knowledge and trustworthiness that our team brings to the table. Our engagement with the financial press underscores our dedication to delivering high-quality research, and ensures that our insights are widely disseminated, recognised, and valued within the investment community.
TP ICAP Midcap ‘s Institutional Research offer is accessible to our institutional clients through our research portal, as well as on Bloomberg, FactSet, and other research platforms.
To find out more, please contact us at tpicapmidcap.marketing@tpicap.com
Execution
TP ICAP Midcap can leverage the entire brand portfolio of the TP ICAP Group (such as ICAP, Tullett Prebon, and Liquidnet) to provide us with their sales forces for execution and placement.
With a strong presence across multiple locations, TP ICAP Midcap works with all major institutional investors, including pension funds, management companies, hedge funds, arbitrage specialists, private banks, and quantitative funds.
To find out more, please contact us at midcap_sales@tpicap.com
Our European Sales teams operate from multiple financial centres (Paris, London, Madrid, Stockholm, Copenhagen), meaning we are close to investors and well placed to provide tailored sales and execution services.
As a major player in the trading of European equities across various markets, our Liquidnet division is well known by our institutional clients for its expertise in electronic and high-touch execution. Liquidnet specialises in facilitating the crossing of blocks of Small and Mid-Cap stocks, particularly in situations where low liquidity may pose a challenge. Our sales traders and equity sales teams collaborate seamlessly to connect buyers and sellers, ensuring optimal execution for our clients.
- High-Touch, DMA, Algorithmic Trading, Portfolio Trading
- Customisable order routing
- Trader-intelligence and decision-support tools
- Actionable alerts + advanced analytics
- Commission management + unbundling solutions
To find out more, go to https://www.liquidnet.com/
Tullett Prebon’s Fixed Income offering provides clients with a comprehensive global service spanning all significant credit, bond, and derivative markets.
Hybrid workflows - including voice, hybrid, electronic, volume matching, algorithmic matching, and risk mitigation tools - are facilitated through Fusion, TP ICAP’s flagship digital platform. This enables seamless integration and access to primary market deals structured by TP ICAP Midcap. Investors enjoy the advantages of straight-through processing, bolstered by the expertise of our seasoned brokers, ensuring efficient price discovery across both liquid and illiquid markets.
To find out more, go to https://tpicap.com/tullettprebon/
