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 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%