Photonis illuminates LBO market

An investor meeting will be held in Paris on Tuesday to launch general syndication of the €240m of senior facilities backing Axa Private Equity’s buy-out of French photo sensor technology manufacturer Photonis.

  • 26 Sep 2011

Bankers working on the deal said most of the debt would be syndicated to banks.

IKB, ING and Société Générale have underwritten the senior facilities, which include drawn and undrawn lines and will have margins ranging from 450bp to 500bp.

There is also a mezzanine facility, and the equity contribution ...

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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

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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%
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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%