Banks move on Eu1bn financing for Springer buy-out

The private equity companies bidding to take a stake in German publisher Springer Science + Business Media will learn the outcome imminently, said bankers close to the situation on Monday. A financing backing the bid could be underwritten and total over Eu1bn.

  • 02 Oct 2009

It would be the biggest in the European leveraged finance market this year, and, with banks hinting that they might underwrite the transaction, rather than doing a club deals such as those that have become the norm since the collapse of Lehman Brothers.

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%