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Kuoni catches Gullivers, CS leads Sfr250m cap hike

Kuoni, the Switzerland-based tour operator, mandated Credit Suisse to lead manage a Sfr250m rights issue to part-fund a $705m acquisition that it announced on Monday. The company has arranged Sfr600m of loans to pay for the deal, while the vendor, Travelport, will use the proceeds to repay its bank debt.

  • 07 Mar 2011
The discounted rights issue — worth almost 20% of Kuoni’s market capitalisation of Sfr1.3bn on Monday— is conditional on shareholder approval at an April 20 AGM. It will be supported by the Kuoni and Hugentobler-Foundation which owns 6.25% of the share capital and 25% of the voting rights. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,261.12 337 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.94%
3 JPMorgan 92,612.23 269 8.74%
4 Wells Fargo Securities 82,597.19 239 7.80%
5 Credit Suisse 69,442.99 183 6.55%