Investment-grade loses G4S, leverage stuck with ISS

The European loan market lost its largest M&A deal of the year after UK security firm G4S pulled out of its bid for Danish services company ISS. Deutsche Bank, HSBC and RBS had underwritten €4.1bn of euro loans and £1.33bn of sterling to support the acquisition.

  • 01 Nov 2011

“It is always a shame when a big deal like that doesn’t happen, especially because syndication was going very well,” said a loans banker close to the transaction. “But we just move on to the next deal — that’s what M&A is about.”

G4S’s decision, after some shareholders publicly ...

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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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%