Blackstone Preps European CDO Biz

The Blackstone Group is starting up a European collateralized debt obligation business based in London and hired a staffer to spearhead the effort.

  • 01 Jul 2005
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The Blackstone Group is starting up a European collateralized debt obligation business based in London and hired a staffer to spearhead the effort. Debra Anderson, CDO portfolio manager at Intermediate Capital Group in London, will join the private equity giant in September. Anderson, who has left ICG, declined comment on her role and responsibilities. Dean Criares, head of the U.S. CDO group at Blackstone, also declined comment.

With its move, Blackstone joins a number of managers setting up a CDO business in Europe. Prudential Financial, Highland Capital Management and GoldenTree Asset Management are already targeting such efforts.

ICG is a London-based, publicly traded mezzanine investment manager which has already acted as collateral manager on a half-dozen outstanding CDOs; it also sold the first European CDO, Eurocredit I, in 1999. Anderson was at ICG for two years and has worked in leveraged and acquisition finance lending for ten years. She reported to Andrew Phillips, head of the CDO team at ICG. He did not return calls by press time.

  • 01 Jul 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 284,259.14 1099 8.15%
2 JPMorgan 274,379.00 1197 7.86%
3 Bank of America Merrill Lynch 256,326.55 870 7.34%
4 Barclays 213,412.52 794 6.12%
5 Goldman Sachs 189,725.03 618 5.44%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 37,254.87 159 6.65%
2 JPMorgan 34,910.99 67 6.23%
3 SG Corporate & Investment Banking 30,385.52 114 5.42%
4 UniCredit 29,801.83 136 5.32%
5 Credit Agricole CIB 27,998.53 136 5.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 11,341.25 47 8.91%
2 Goldman Sachs 10,781.24 51 8.47%
3 Citi 9,134.57 51 7.18%
4 UBS 6,926.98 27 5.44%
5 Deutsche Bank 6,503.91 44 5.11%