Permira buys Findus to heat up frozen leveraged market

Private equity house Permira, owner of Birds Eye Iglo, has obtained a Eu500m loan to part-finance its Eu805m leveraged buy-out of Findus Italy, the Italian frozen foods company, from Unilever.

  • 23 Jul 2010

Credit Suisse, Deutsche Bank, Mediobanca and Nomura are arranging the deal, a Eu500m bullet term loan (‘D’) that will rank pari passu with Birds Eye Iglo’s existing senior debt.

The ‘D’ piece will pay a margin of 475bp over Euribor and matures in April 2016. In addition, pricing will ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%