UBS, Citi Lead J.W. Childs

UBS and Citigroup last Tuesday launched syndication of a $540 million senior secured deal to back the $1.05 billion acquisition of Advantage Sales & Marketing by J.W. Childs and the buyout arm of Merrill Lynch, ML Global Private Equity.

  • 10 Mar 2006
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UBS and Citigroup last Tuesday launched syndication of a $540 million senior secured deal to back the $1.05 billion acquisition of Advantage Sales & Marketing by J.W. Childs and the buyout arm of Merrill Lynch, ML Global Private Equity. The deal comprises a six-year, $60 million revolver and a seven-year, $480 million term loan. Pricing on both tranches is LIBOR plus 2 1/2%.

Based in Washington, D.C., Advantage is one of the largest sales and marketing agencies in the U.S. Advantage specializes in outsourced sales, merchandising, category management and marketing services to manufacturers, suppliers and producers of food products and consumer packaged goods. Calls to J.W. Childs and ML Global were not returned. A spokesman at Advantage declined comment. Bankers at UBS and Citigroup did not return calls.

  • 10 Mar 2006

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 %
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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%