Horde of banks join battle to back Britax buy-out

Bankers expect an aggressive bidding process for the financing of Carlyle Group’s sale of British car safety seat maker Britax, as observers familiar with the transaction say that 18 banks are in discussions to lead the facility. The deal is expected to have senior debt of around £200m.

  • 12 Oct 2010

One banker called the number of banks looking at the deal as “ridiculous”, and was worried that this would push competing lenders to push the pricing tighter.

“It is a very good looking credit, and we expect demand to be strong,” said one loans banker.

Bids for the company ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 1,276.60 4 17.08%
2 RBC Capital Markets 801.51 2 10.72%
3 Citi 783.55 4 10.48%
4 Credit Suisse 534.82 2 7.16%
5 SG Corporate & Investment Banking 497.64 2 6.66%