Bain Seen Acquiring Dollarama; Tapping Citi

As first reported on Loan Market Week's Web site, Bain Capital is said to be buying dollar-store company Dollarama and has tapped Citigroup to lead the financing.

  • 19 Nov 2004
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As first reported on Loan Market Week's Web site, Bain Capital is said to be buying dollar-store company Dollarama and has tapped Citigroup to lead the financing. The credit facility comprises a C$75 million revolver, C$120 million "A" loan and a U.S. dollar denominated term loan of around $200 million, one loan investor said. Bain is buying the Montreal-based company at a 10 times multiple, said a potential lender, though the purchase price could not be determined. A Bain spokesman, Citigroup bankers and George Makhoul, Dollarama's controller, did not return calls.

The credit went out to investors at LIBOR plus 2 1/2%, buysiders noted. "There is good cash flow and a lot of equity and sub debt below us in the capital structure," one buysider said. "You wouldn't think so by the sound of it, but it's a surprisingly stable and profitable company," another loan investor noted. While the purchase multiple was high at 10 times, comparable public companies in the same line of business trade at roughly 10 times or higher, an investor added.

  • 19 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%