Charterhouse serves itself Elior cash for €349m dividend

Charterhouse, the private equity owner of French catering company Elior, has tapped the company’s cash to pay itself a dividend of €349m, in a move that one lender described as "cheeky".

  • 27 Jan 2012

Around €260m of the cash is coming from Elior’s balance sheet, with the remainder drawn from its revolving credit facility.

Although Charterhouse was within its rights to pay the dividend, lenders pointed to Elior’s 2014 loan maturities, which the investors estimated Charterhouse would have to tackle within the next ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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 %
  • Last updated
  • Today
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%