LevFin pain to last until 2010, says Moulton

Virtually none of the leveraged buy-outs completed in the bull market years of 2005 to mid-2007 have been a success, and they will contribute to rising restructuring and turnaround situations until at least 2010, warned Jon Moulton, the chairman and founder of Alchemy Partners this week.

  • 13 Feb 2009
"Of the top 50 European deals by size [in which most details on the debt are publicly available], about four have definitely seen a gain in equity," he said at a conference on loan restructuring this week. "There are another half-dozen that might have some value in them. ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%