Opodo set to close oversubscribed, but no flex on offer

The loans backing Axa and Permira’s buyout of internet travel firm Opodo are set to be closed imminently after the deal was well oversubscribed, according to bankers working on the facility. Although demand for the Eu655m of loans has exceeded expectations, the pricing on the deal will not be reduced.

  • 07 Apr 2011
"The deal has gone very well, but it’s not going to be flexed,” said a banker close to the transaction. “Fundamentally, this is a solid business, but it is complicated. There are three firms coming into one, and because the company is complex we want to keep the ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

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  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%