LevFin pain to last until 2010, says Moulton

Virtually none of the leveraged buy-outs completed in the bull market years of 2005 to mid-2007 have been a success, and they will contribute to rising restructuring and turnaround situations until at least 2010, warned Jon Moulton, the chairman and founder of Alchemy Partners this week.

  • 13 Feb 2009
"Of the top 50 European deals by size [in which most details on the debt are publicly available], about four have definitely seen a gain in equity," he said at a conference on loan restructuring this week. "There are another half-dozen that might have some value in them. ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 84,503.31 246 12.96%
2 Bank of America Merrill Lynch 71,587.85 220 10.98%
3 Wells Fargo Securities 65,360.43 206 10.03%
4 JPMorgan 46,548.88 148 7.14%
5 Credit Suisse 37,323.31 115 5.73%