IPO trumps LevFin for Kabel Deutschland

The leveraged loan market faced disappointment on Monday after it emerged that Kabel Deutschland, the German cable operator, is likely to launch an initial public offering instead of being sold to a private equity house.

  • 22 Feb 2010
Leveraged loan bankers blamed volatility in the high yield bond market over recent weeks for the news that sponsors’ bids for Kabel Deutschland had failed to meet owner Providence Equity Partners’ expectations. “It’s not surprising given the volatility in the high yield market over the last couple of ...

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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 37,235.50 114 5.83%