Bronfman Mandates Banks

A group of banks have provided financing to back the $2.6 billion acquisition of Time Warner's Warner Music Group by an investor group led by Thomas H. Lee Partners, Edgar Bronfman Jr.'s Lexa Partners, Bain Capital and Providence Equity Partners. Lexa Partners is a venture capital group of which Bronfman is the ceo.

  • 01 Dec 2003
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A group of banks have provided financing to back the $2.6 billion acquisition of Time Warner's Warner Music Groupby an investor group led by Thomas H. Lee Partners, Edgar Bronfman Jr.'s Lexa Partners, Bain Capital and Providence Equity Partners. Lexa Partners is a venture capital group of which Bronfman is the ceo.

The bank group consists of Bank of America, Deutsche Bank, Lehman Brothers and Merrill Lynch. Reportedly, the investor group will put up about $1.35 billion of equity and use debt for the rest of the deal. Thomas Lee will put up about $600 million, Bain $3 million, Bronfman $2 million and Providence Equity $1 million. According to one banker, B of A and Deutsche Bank will be co-arrangers on the bank deal, with Lehman and Merrill on the right of the transaction. The banker said the final structure, in terms of bank debt and bond split, was still being worked out as LMW went to press in the holiday-shortened week. Scott Sperling, managing director of Thomas Lee, and representatives from Warner Music Group did not return calls. Officials at the banks did not return calls by press time.

 

  • 01 Dec 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%