Three banks in for Novacap LBO

BNP Paribas, HSBC and Société Générale are to underwrite around Eu200m of senior loans to support the takeover of French chemicals group Novacap by private equity firm Axa.

  • 19 Jan 2011
Bain Capital, which formed Novacap in January 2003 when it bought some of fellow French chemical group Rhodia’s businesses, is selling the company for Eu240m. Bain has recently acquired Dutch chemical firm IMCD using Eu500m of senior and mezzanine loans, which are set to launch into syndication in ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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

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1 Citi 117,261.12 337 11.10%
2 Bank of America Merrill Lynch 94,723.52 272 8.97%
3 JPMorgan 92,612.23 269 8.77%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%