CVC hires five for Raet acquisition

Private equity firm CVC has mandated five banks to arrange a leveraged loan financing for its takeover of Dutch payroll and human resources service provider Raet from Alpinvest Partners and Advent International. ABN Amro, BNP Paribas, ING, Lloyds and Rabobank are underwriting the debt.

  • 25 Aug 2011

The amount has not been disclosed.

Leveraged finance bankers said there was still appetite to lend in the LBO market, despite many deals struggling in syndication this summer.

“Where banks are interested, you can still do deals,” said one banker close to Raet. “The trouble is that poor institutional ...

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GlobalCapital European securitization league table

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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 %
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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%