Edition:
United Kingdom

Claire Ruckin

European lenders play high stakes with P2P loans

18 Jul 2019

LONDON, July 18 (LPC) - European leveraged loan bankers, desperate for fees as a result of the ongoing low-deal market environment, are keen to lead more lucrative public to private financings, but the collapse of a handful of recent deals has resulted in some signs of frustration among lenders.

Lead banks work to shift Evonik unit loan

16 Jul 2019

LONDON, July 16 (LPC) - Lead banks are in talks with private debt funds and family offices to shift excess paper on a €1.8bn buyout financing for German chemicals group Evonik’s methacrylates plastics unit, Madrid, that they are stuck with and are considering launching a second syndication process, banking sources said.

REFILE-BAML in pole position for financing Blackstone’s CRH unit buy

16 Jul 2019

LONDON, July 16 (LPC) - Bank of America Merrill Lynch looks set to take a leading role on a debt financing backing private equity firm Blackstone’s €1.64bn acquisition of Irish building materials supplier CRH’s European distribution arm, banking sources said.

Busy July expected in Europe's leveraged loan market

11 Jul 2019

LONDON, July 11 (LPC) - Up to €25bn-equivalent of deals are poised to hit Europe's leveraged loan market this summer, but underwriting deals is proving difficult as arranging banks try to strike a balance between caution in a weaker market, and aggression to win deals.

Webhelp buyout backed with approx €1.4 billion of loans

09 Jul 2019

LONDON (LPC) - The acquisition of French call centre business Webhelp by Groupe Bruxelles Lambert (GBL) and founding shareholders is expected to be backed with around €1.4bn (£1.2 billion) of debt financing, banking sources said.

Banks line up $3 billion jumbo debt deal for WPP’s Kantar unit

09 Jul 2019

LONDON (LPC) - Around 11 banks are lining up US$3bn (£2.4 billion) of debt financing to back Bain Capital’s potential acquisition of WPP’s data analytics division Kantar, banking sources said.

Five banks line up €1.625 billion of debt on Osram takeover

09 Jul 2019

LONDON (LPC) - Five banks have lined up a €1.625bn (£1.46 billion) debt financing to back a takeover offer of German lighting group Osram by private equity firms Bain and Carlyle, banking sources said.

REFILE-Gap widens between arranging banks on leveraged loans

27 Jun 2019

LONDON, June 27 (LPC) - The division of duties between arranging banks in Europe’s leveraged loan market is widening further as those leading a deal take an even more prominent role sidelining the rest of the group, which are left with very little visibility during syndication.

BCA returns to lev loan market with over £1bn deal

26 Jun 2019

LONDON, June 26 (LPC) - Car auctioneer BCA Marketplace is returning to Europe’s leveraged loan market as it seeks to raise just over £1bn-equivalent of debt to back its £1.91bn acquisition by British private equity firm TDR, banking sources said.

Two portfolios hit Europe’s secondary loan market

25 Jun 2019

LONDON, June 25 (LPC) - Two big portfolios of loans and bonds from ICG and CSAM hit Europe’s secondary loan market this week as investors seek opportunistic cash raises to invest in higher yielding paper, banking sources said.

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