Paysafe wires large bridge for $4bn LBO

Fintech firm Paysafe has disclosed the financial structure initial lenders have put in place before they begin marketing the all-leveraged loan funding of its acquisition by CVC and Blackstone from Old Mutual and Threadneedle.

  • By Victor Jimenez
  • 22 Aug 2017
Paysafe’s LBO is one of the most hotly anticipated deals in Europe’s speculative grade debt markets, despite market caution about this type of trade. “Those massive leveraged buyouts usually come with less than credible growth stories," said one portfolio manager. "All the same, sometimes it’s hard to stay away ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,074.60 62 6.98%
2 BNP Paribas 14,553.23 79 6.32%
3 Goldman Sachs 13,002.56 50 5.65%
4 HSBC 12,261.48 74 5.32%
5 Deutsche Bank 11,531.87 64 5.01%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,442.63 45 7.89%
2 Goldman Sachs 4,801.82 38 6.96%
3 Deutsche Bank 4,751.46 46 6.89%
4 Credit Suisse 4,353.57 48 6.31%
5 Barclays 4,263.74 37 6.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,018.08 214 10.98%
2 Citi 21,099.90 168 8.27%
3 Bank of America Merrill Lynch 20,960.58 186 8.22%
4 Goldman Sachs 19,294.20 134 7.56%
5 Barclays 17,943.05 119 7.03%