B of A Lands Michael Foods Financing

Bank of America has landed the lead role to provide financing to Thomas H. Lee Partners to back the acquisition of Michael Foods for $1.05 billion.

  • 19 Oct 2003
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Bank of America has landed the lead role to provide financing to Thomas H. Lee Partners to back the acquisition of Michael Foods for $1.05 billion. Bankers said it will now become a "dog and pony show" for who is going to partner up with B of A on the deal. "If I'm B of A then I don't want to partner with anyone, but its Tommy Lee's deal," said a banker, who noted the private equity firm will spread the roles to reward banks that bring the firm acquisition ideas. Officials at B of A declined comment and a spokeswoman for Thomas Lee would only confirm B of A is leading the debt after providing staple-on financing. The private-equity firm is buying Michael Foods from Vestar Capital Partners and Goldner Hawn Johnson and Morrison. A banker described the company as a pretty seasoned issuer. "It's a Vestar portfolio name and they have taken up leverage before," he said.

  • 19 Oct 2003

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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%