‘Phenomenal’ reverse inquiry for Britax

Bankers working on the debt financing backing Nordic Capital’s takeover of Britax Childcare are receiving a “phenomenal” amount of reverse enquiry from investors, said sources close to the deal.

  • 25 Nov 2010

Bank of Ireland and Commerzbank beat off strong competition to win the underwriting mandate earlier this week, with the borrower rejecting one bidder that was offering senior and mezzanine debt worth 5.8 times Ebitda. BoI and Commerz’s £260m loans will put leverage at 4.5 times, the banks estimate.

Four ...

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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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5 Credit Suisse 50,788.13 152 5.52%