Bartec’s reverse flex: a curse in disguise

The bookrunners on Charterhouse’s buyout of Bartec have done a stellar job syndicating the €348m senior loan financing. The way the five banks have gone about it has avoided any risk of Bartec’s deal blowing up — apt for a company that specialises in preventing explosions.

  • 31 Aug 2012

The reward has been total success. Launching in August, not the most popular time to syndicate, proved a masterstroke, as Bartec found it had the deal-hungry market all to itself.

Then, by starting with reasonably wide pricing of 550bp on the term loan ‘B’, the deal garnered enough ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 111,131.36 317 13.04%
2 Bank of America Merrill Lynch 96,639.32 283 11.34%
3 Wells Fargo Securities 81,749.66 249 9.60%
4 JPMorgan 61,554.22 191 7.22%
5 Credit Suisse 44,689.16 138 5.25%