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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.

US bank lands role as sole bookrunner on a $1bn accelerated bookbuild of Kabel Deutschland stock, despite not working on the German company's flotation a year ago

Matt Turner

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