CSFB, Deutsche Bank To Shop AmeriPath Credit

  • 15 Dec 2002
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Credit Suisse First Boston and Deutsche Bank are set to lead a credit backing plans by Amy Acquisition Corp., a Welsh, Carson, Anderson & Stowe company, to acquire AmeriPath. The deal will launch early next year. The size, pricing and structure of the debt financing is yet to be determined, said a banker familiar with the deal. The transaction is valued at $839.4 million, including AmeriPath's anticipated year-end debt of $106.9 million and an estimated $65.1 million in assumed contingent obligations. AmeriPath's outstanding common shares will also be converted into the right to receive $21.25 in cash per share. A Deutsche Bank spokesman did not return calls, while a CSFB official declined to comment.

AmeriPath is still free to seek acquisition proposals until Dec. 21. After that date the company can no longer solicit offers. It can, however, negotiate unsolicited, third-party offers that could constitute a superior proposal. If AmeriPath does in fact exit from the deal with Welsh, Carson, the health diagnostic provider has agreed to pay a termination fee of $12.9 million. Calls to Welsh, Carson were not returned.

  • 15 Dec 2002

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%