Aenova set to allocate, OID kept at 99

The €297.5m of leveraged loans backing BC Partners’ buyout of German pharmaceutical company Aenova will be allocated to investors on Friday after the deal received a "solid" response from investors, according to a banker close to the deal.

  • 21 Sep 2012

"The loans were not wildly oversubscribed, and syndication went as expected, so we didn’t consider a reverse flex," said the banker.

Aenova’s term loan ‘B’ was issued with an original issue discount of 99 — as guided by the bookrunners when the deal was launched.

JP Morgan is bookrunner on ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%