Advent opts for senior, mezz for Douglas LBO as supply freeze thaws

Advent International’s success in buying listed companies looks set to finally give leveraged loan investors some new money LBOs to contemplate after the private equity firm decide to finance its buy-out of German retailer Douglas Group with a senior loan and mezzanine financing of around €800m.

  • 19 Oct 2012

Credit Suisse, IKB, Goldman Sachs and JPMorgan are leading the deal, with BayernLB, LBBW, RBI and UniCredit also involved in the financing.

The deal follows Advent’s €775m bid for listed Dutch pharmacy chain Mediq in September, for which the sponsor already has a committed financing in place. Bankers say the ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%