Moody’s are out with another, somewhat reactive downgrade after Senvion have hired PJT and have commissioned an S6
Read MoreEvents have taken over at Senvion. The company has drawn its revolver, postponed its annual report and is entering negotiations with lenders.
Importantly, Centerbridge, its
Galapagos have hired Alvarez & Marsal to help with the turnaround - and presumably a subsequent
Read MoreSome thoughts in the evening:
- Galapagos: We understand that he company is hiring advisors. This may still only be a rumour.
Please find a tidied up version of the analysis with a few bug fixes and additions.
There is no change to the conclusion.
Read MoreAs we are expanding to coverage of 20 names in the coming weeks, please find attached a slightly higher level analysis
Read MoreWe think there is a profitable core within Enexio and in particular Kelvion. But while management have not given us any timeline or other framework whatsoever and given the history
Read More