Hungry loans bankers salivate over Eu2.75bn SAP facility

Hopes were high on Thursday that part of a Eu2.75bn credit facility backing German software firm SAP’s acquisition of Sybase could be syndicated to bank lenders, after a drought of new money deals in the European loan market.

  • 13 May 2010
SAP’s subsidiary, SAP America, has signed a definitive merger agreement to acquire Californian enterprise and mobile software developer Sybase in a deal with a total enterprise value of around $5.8bn (Eu4.62bn). The transaction will be funded by the underwritten loan and cash on hand. SAP intends to pay ...

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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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1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%