Big loan tickets up for grabs as Sanofi sets sights on Bioverativ

Investment grade loans bankers are ready to stump up big tickets for bridge loans, and deals are coming their way. Sanofi, the French pharmaceutical group, is readying an $11.6bn debt-financed acquisition of Bioverativ, the blood disorder treatment company, and banks are set to launch at least one other M&A loan into syndication this week. Michael Turner reports.

  • By Michael Turner
  • 22 Jan 2018

Sanofi, rated A1/AA/AA, said on Monday morning that it had entered into a definitive agreement to buy all the shares of US-based Bioverativ for $105 apiece in cash, representing a fully diluted equity value of $11.6bn. The purchase is expected to close within three months.

Lazard is Sanofi’s financial ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 24,910.85 100 10.13%
2 JPMorgan 19,052.67 81 7.75%
3 Citi 16,964.50 59 6.90%
4 Wells Fargo Securities 15,499.15 75 6.30%
5 Deutsche Bank 13,205.08 32 5.37%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UOB 388.89 1 11.11%
1 Sumitomo Mitsui Financial Group 388.89 1 11.11%
1 Standard Chartered Bank 388.89 1 11.11%
1 Mizuho 388.89 1 11.11%
1 Mitsubishi UFJ Financial Group 388.89 1 11.11%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,565.51 5 13.66%
2 Credit Suisse 1,240.24 4 10.82%
3 Citi 1,001.75 5 8.74%
4 Deutsche Bank 992.73 2 8.66%
5 Bank of America Merrill Lynch 685.81 4 5.98%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 9,317.17 12 13.67%
2 SG Corporate & Investment Banking 7,508.63 11 11.02%
3 Goldman Sachs 5,773.27 11 8.47%
4 Citi 4,606.54 14 6.76%
5 BNP Paribas 2,914.62 14 4.28%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%