Chinese banks train sights on LBO financing

By Shruti Chaturvedi
03 Nov 2016

Chinese banks have been winning loan mandates for corporate M&A and management buyouts originating from their home market. Now they turning their attention to financing more sponsor driven activity, as two mainland lenders have shown by joining a leveraged buyout loan for an acquisition by Carlyle Group. Shruti Chaturvedi reports.

Bank of China, China Merchants Bank and Taiwan’s CTBC Bank have provided a $630m LBO loan to support Carlyle’s acquisition of business process outsourcing company VXI Global Solutions. The loan is split into a $600m amortiser and a $30m revolver, said two bankers. The five year pays an ...

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