LONDON, April 17 (LPC) - Private equity firm Platinum
Equity’s acquisition of US hotelier Wyndham Worldwide Corp’s
European vacation rental business will be backed with an
€857m leveraged loan, banking sources said.
LONDON (LPC) - Goldman Sachs, JP Morgan and Morgan Stanley are expected to lead a debt financing totalling in excess of €1bn backing private equity firm Advent International’s acquisition of French healthcare group Sanofi’s European generics drugs arm Zentiva, banking sources said.
FRANKFURT/LONDON, April 12 Macquarie
picked three suitors for a final bidding round for the sale of
German metering group Techem, which may be valued at around 4
billion euros ($4.9 billion), people close to the matter said.
LONDON, April 11 (LPC) - European medical laboratory
services operator Cerba Healthcare is raising an additional
€408m leveraged loan to back an acquisition of France-based
clinical analysis specialist Groupe Bio7, banking sources said.
LONDON, April 11 (LPC) - Bankers are preparing debt
financings of around €550m to back a potential sale of Dutch
speciality chemicals company DSM’s anti-infectives
unit as potential buyers get ready to submit second round bids
next week, banking sources said.
LONDON, April 4 (LPC) - Bankers are pitching
recapitalisation and refinancings to sponsors in a bid to
maximise leverage, lower pricing and attain aggressive
documentation for portfolio companies while a window of
opportunity remains as longer term visibility in Europe’s
leveraged loan market starts to dwindle.
LONDON, April 3 (LPC) - First quarter syndicated lending in
Europe, the Middle East and Africa (EMEA) fell 25% year-on-year
to US$200bn from US$267bn, reflecting a fall in M&A activity and
refinancing compared with the beginning of last year, Thomson
Reuters LPC data shows.
LONDON, April 3 (LPC) - Banks have lined up as much as
€7.3bn-equivalent of debt to back the buyout of Akzo Nobel's
chemicals business, the latest jumbo cross-border
leveraged financing to hit the loan and bond markets.
LONDON (LPC) - Several large leveraged buyouts have exceeded the six times leverage limit outlined by the European Central Bank’s guidance on leveraged lending, leading loan bankers to question just how effective the rules are.
LONDON (LPC) - Banks and funds are competing for second-lien leveraged loans as they battle for higher yielding assets to bolster their returns.