Orders roll in for Permira’s Findus deal after changes

Private equity house Permira, owner of Birds Eye Iglo, has already received several commitments after its existing lenders approved an amendment to the company’s outstanding facilities as part of the financing for a buyout of Italian frozen foods company Findus Italy from Unilever.

  • 06 Aug 2010

Over 80% of the company’s lending banks approved the addition of a Eu500m bullet term loan ‘D’, which will rank pari passu with Birds Eye Iglo’s existing senior debt.

"We already have orders coming in, and it’s a good mixture of existing lenders increasing their exposure and new ...

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 Citi 4,347 16 16.63
2 BNP Paribas 2,866 11 10.96
3 Morgan Stanley 2,420 6 9.26
4 Goldman Sachs 2,276 6 8.71
5 Bank of America Merrill Lynch (BAML) 2,086 9 7.98

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 58,403.50 191 10.75%
2 JPMorgan 50,900.93 151 9.37%
3 Bank of America Merrill Lynch 41,109.55 134 7.57%
4 Wells Fargo Securities 40,627.46 119 7.48%
5 Credit Suisse 38,293.05 120 7.05%