Low-levered Acteon nets oversubscription after drilling for bank lenders strikes oil

Syndication of the £405m of leveraged loans backing KKR’s acquisition of Acteon is set to close oversubscribed after a strong response from bank lenders, said bankers close to the company.

  • 09 Nov 2012

"It’s a great result, and we’re already oversubscribed with a few stragglers still to come in," said one banker working on the deal. "The deal was structured for the banks, given that it is sterling, is unrated, and the leverage is low."

KKR mandated Commerzbank, DNB, HSBC, KKR Capital ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,778 8 23.33
2 Citi 5,854 5 20.15
3 Goldman Sachs 4,763 3 16.39
4 Societe Generale 1,506 3 5.18
5 Rabobank 1,413 2 4.86

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 Bank of America Merrill Lynch 27,433.88 76 12.99%
2 Citi 23,614.35 69 11.18%
3 Wells Fargo Securities 21,630.20 63 10.24%
4 JPMorgan 16,107.68 46 7.63%
5 Credit Suisse 12,216.35 32 5.78%