Hat-trick of deals in 48 hours for Rowley at UBS
VERY few investment bankers could claim to have been fully occupied over the past few months, when deals have been sparse and caution has tended to gain the upper hand. But one man has had his work cut out in the past couple of days. He’s Jonathan Rowley of UBS who was yesterday part of the team acting for the Thai company PTT forced to respond to Shell’s higher bid for Cove Energy. In a statement to the London Stock Exchange, UBS-advised PTT said it was considering its options following Shell’s higher offer, with Rowley’s name at the top of the advisers’ list. Just hours later his name appeared on another UBS statement, stating the bank had advised Altimo, the telecoms arm of Russia’s Alfa group, on the sale of its 25.1 per cent indirect equity stake in Russia’s MegaFon for $5.2bn. And all this a day after Merger Monday, when Rowley advised Vodafone on a £1bn cash offer for CWW, which has not yet been accepted by the telecom group’s largest shareholder. It must feel like it’s back to the heady days for Rowley.