GKN offers shareholders £2.5bn in Melrose battle

Industrial conglomerate Melrose’s likely debt-driven hostile takeover attempt of UK engineering group GKN took another twist on Wednesday, with the target offering shareholders £2.5bn in cash over the next three years as it sells assets.

  • By Michael Turner
  • 14 Feb 2018

Melrose scrambled out a response within hours to urge shareholders to accept its buyout offer, claiming they will receive an immediate £1.4bn in cash plus further cash payments over the medium term.

Loan bankers were initially licking their lips at the prospect of financing the deal, which is expected to ...

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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 29,470.69 117 10.15%
2 JPMorgan 26,312.15 108 9.06%
3 Citi 18,323.02 64 6.31%
4 Wells Fargo Securities 17,084.50 86 5.88%
5 Deutsche Bank 14,914.63 40 5.14%

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 8.09%
2 Citi 1,439.08 6 7.43%
3 Credit Suisse 1,240.24 4 6.41%
4 Deutsche Bank 1,035.28 3 5.35%
5 ING 1,017.89 3 5.26%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 9,359.72 13 13.34%
2 SG Corporate & Investment Banking 7,508.63 11 10.70%
3 Goldman Sachs 5,773.27 11 8.23%
4 Citi 4,606.54 14 6.57%
5 Credit Agricole CIB 3,259.14 12 4.64%

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%