Southpaw: Telecoms on M&A trail as new bank breed queue up for $8bn Bharti debt

Bharti Airtel’s $10.7bn all-cash bid for the African mobile-phone operations of Kuwait’s Zain, has investment bankers dreaming of the good old days — the promise of big fees on a trophy M&A deal and the opportunity to prove they are lending again in high-growth markets. David Rothnie reports.

  • 26 Feb 2010
The deal is in some ways a throwback to the free-wheeling days before the crisis when companies made bold strategic moves — and then worried about the financing later. It stands in sharp contrast to the current wave of caution that is stopping chief executives from doing deals. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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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3 Wells Fargo Securities 17,497.83 53 9.04%
4 JPMorgan 13,323.94 44 6.88%
5 Credit Suisse 10,691.12 19 5.52%