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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%