The equity capital markets team at Goldman Sachs this morning carried out a $1bn accelerated book build into the stock of German telecoms company Kabel Deutschland, a sole bookrunner role that has made it Financial News's investment banking team of the week.
The US bank this morning sold $1bn of stock in the German firm at €38 per share, a 3.8% discount to the closing price before announcement of €39.50. At 11:15 GMT this morning, the stock was trading around issue price. The shares were sold on behalf of Cable Holding, owned by Providence Equity Partners.
