Barclays, CS line up behind TPC and Carlyle for Healthscope LBO

Private equity companies Texas Pacific Group and Carlyle have won the highly sought-after mandate for Healthscope, the Australian private healthcare provider. The A$1.99bn ($1.7bn, Eu1.3bn) buy-out is the biggest such acquisition in Australia since 2007 and will include debt financing of up to A$1.5bn.

  • 19 Jul 2010

Barclays Capital and Credit Suisse are arranging financing backing the consortium’s bid. The debt is likely to have a five year tenor and be split into a term loan ‘A’ and ‘B’, with a margin just below 450bp.

One banker estimated the financing would have about A$1bn-A$1.2bn of term ...

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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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5 Credit Suisse 25,010.27 80 5.33%