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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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%