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 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%