Alain Afflelou targets funds for senior syndication

Citi and UniCredit have launched syndication of €350m of senior loans backing Lion Capital’s acquisition of French optician chain Alain Afflelou, after Credit Suisse, ING and Société Générale joined the bank group as mandated lead arrangers.

  • 24 May 2012

The loans comprise a €70m term loan ‘A’, €240m term loan ‘B’, and €40m of undrawn facilities. Alcentra has provided a mezzanine facility of €110m. Senior leverage is four times Ebitda, while total leverage reaches 5.5 times. A bank meeting will be held in Paris on May 30.

Syndication ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%