Blog
Perspectives from the desk
Analyses, market notes and press updates published by CGPH Banque d’affaires.
Investment Advisory & Private MarketsAI Can Compare an ETF. The Value of Advice Begins After the Comparison.
Generative AI is making investment information easier to obtain. It is not making the consequences of an investment decision easier to carry.
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Real Estate Advisory & TransactionsSale-and-Leaseback Is Not Free Liquidity: The Operating Commitment Hidden in the Property Sale
A sale-and-leaseback releases capital once and repurchases occupancy over time. The transaction works only when the use of proceeds is stronger than the burden, constraints and risks retained in the lease.
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M&A & Strategic TransactionsEuroclear–Inversis: The Deal Is Complete. The Integration Thesis Is Not.
Euroclear’s move from 49% to 90% ownership of Inversis combines European scale with a strong local franchise. The strategic value will depend on whether the two can be integrated without turning operational complexity into client friction.
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M&A & Strategic TransactionsThe M&A Teaser: A Practical Guide to Earning the Next Conversation
A strong teaser does not try to tell the whole story. It gives the right buyer enough evidence to recognise relevance, while preserving the seller’s control over what is disclosed, to whom and when.
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Strategy & Cross-Border GrowthThe ECB Rate Is Not Your Cost of Capital: Three Prices Boards Must Separate Before 10 September
The policy rate matters. But companies do not borrow from a headline. They borrow through markets and institutions that reprice risk, maturity, collateral, optionality and execution in different ways.
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Growth Capital & Strategic FinanceDebt, Minority Equity or a Strategic Sale? Start With Control, Not Cost of Capital
Debt, minority equity and a strategic sale do not merely carry different prices. They allocate different rights, obligations and futures. A useful comparison begins with what shareholders want to control when the transaction is over.
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Debt & Capital MarketsA Refinancing Can Fix Liquidity Without Fixing Leverage
Extending maturity can remove an immediate funding cliff. It does not, by itself, create cash generation, reduce principal or restore debt capacity. Boards should know which problem they are actually solving.
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Debt & Capital MarketsCGPH Banque Receives a New EUR 30 Million Private-Debt Mandate
CGPH Banque d’affaires has received a new private-debt origination mandate targeting approximately EUR 30 million across 5–15 corporate and real-estate transactions over the next twelve months in the United Kingdom and Western Europe.
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M&A & Strategic TransactionsThe Consideration Is the Strategy: What the Prologis–SEGRO Structure Says About Cross-Border Real-Estate M&A
A share offer with a capped cash alternative is not simply a way to settle the price. It decides who retains market exposure, who absorbs financing risk and how much flexibility survives between announcement and completion.
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M&A & Strategic TransactionsEuropean Bank Consolidation Is Not a Scale Story. It Is an Execution Test for the Single Market
Europe is making it easier to understand how a material bank transaction will be assessed. That does not make consolidation simple. It makes the strategic case easier to test.
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Debt & Capital MarketsThis Is Not QE: Why US Treasury Buybacks Are Turning Debt Management into Market Infrastructure
When the US Treasury buys back its own bonds, the superficial comparison is quantitative easing. The useful analysis begins where that comparison ends.
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Private MarketsContinuation Funds Are No Longer an Exit Alternative. They Are Becoming a New Ownership Architecture
A continuation fund does more than extend a holding period. It redistributes liquidity, control and risk—and turns the architecture of ownership into an investment decision of its own.
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