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 168,369.90 494 11.01%
2 JPMorgan 160,579.35 468 10.50%
3 Wells Fargo Securities 83,618.89 315 5.47%
4 Citi 78,986.63 259 5.16%
5 Mitsubishi UFJ Financial Group 70,981.89 476 4.64%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 2,942.31 6 10.08%
2 JPMorgan 2,618.81 5 8.97%
3 Standard Chartered Bank 2,514.82 6 8.62%
4 HSBC 2,341.67 5 8.02%
5 Mizuho 2,238.89 4 7.67%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Goldman Sachs 6,620.51 23 6.82%
2 Credit Agricole CIB 6,017.39 25 6.20%
3 BNP Paribas 5,819.50 23 5.99%
4 UniCredit 5,441.24 29 5.60%
5 Barclays 5,356.27 15 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 26,573.45 32 9.73%
2 Citi 16,837.08 38 6.17%
3 SG Corporate & Investment Banking 15,661.30 47 5.73%
4 Deutsche Bank 14,193.64 44 5.20%
5 Bank of America Merrill Lynch 13,028.84 31 4.77%

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%