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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%