Vista set to raise $1.775bn for Misys LBO as CVC and ValueAct drop joint bid

The syndication of a leveraged loan in Europe with public flex terms may be one step closer after CVC and ValueAct Capital Partners withdrew from the bidding for UK banking software firm Misys — leaving private equity firm Vista Partners a clear path to acquire the company.

  • 05 Apr 2012
Bank of America Merrill Lynch, Credit Suisse and Jefferies have agreed to underwrite $1.775bn of loans to back Vista’s bid — with the financing documents already available online because of last autumn’s changes to the UK Takeover Code. Syndication of the loans will be led from the US ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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1 Citi 128,786.28 373 11.20%
2 Bank of America Merrill Lynch 102,784.89 298 8.94%
3 JPMorgan 100,935.67 292 8.78%
4 Wells Fargo Securities 91,306.23 262 7.94%
5 Credit Suisse 75,962.58 202 6.61%