Latest Private Equity news

  • Morgan Stanley buys stake in Tikehau Capital

    Tikehau Capital, the French alternative investment manager, has raised €300m after a private capital raising led by Morgan Stanley.

    • 20 May 2019
  • New Look no Phones 4U, say high yield participants

    The size of a radical debt restructuring proposed this week by New Look, the UK fashion retailer fighting for survival, caught some by surprise. But high yield bankers and investors agreed that this event will not shut the market as the Phones 4U debacle did four years ago.

    • 17 Jan 2019
  • PE sponsors eager to bring new wave of loose deal documentation

    Private equity sponsors have bankers and lawyers working on deals that will seek more flexibility and borrower-friendly covenants this year. But investors are also likely to offer tougher scrutiny this year.

    • 15 Jan 2019
  • Cobepa mandates two for Scalian as underwriters start deal hunt

    Belgian private equity firm Cobepa is funding its acquisition of Scalian, the engineering consultancy, with two French investment banks.

    • 10 Jan 2019
  • Vibrant levfin market needs to cool its boots as rates rise

    Europe’s leveraged finance market has survived another year without a downturn — indeed, spirits are remarkably buoyant going into 2019. The market is priced for perfection, however, and with rates starting to rise, issuers and investors have some serious forward planning to do. Victor Jimenez reports.

    • 18 Dec 2018
  • Lebara asks for cov waivers as high yield ready for holiday

    Telecoms firm Lebara is seeking further changes in its bond terms, including waivers on leverage covenants and a shorter maturity date, after it finally released group financial results which have been delayed since February.

    • 17 Dec 2018
  • Spain’s Dia denies endorsing LetterOne, mulls rights issue

    Spanish supermarket group Distribuidora Internacional de Alimentación revealed a new scheme to solve its financial troubles this week, away from the potential debt cut and cash injection recently suggested by its largest single shareholder, LetterOne.

    • 13 Dec 2018
  • Dia denies endorsing LetterOne’s debt restructuring plan, but mulls rights issue

    Spanish supermarket group Distribuidora Internacional de Alimentación revealed a new scheme to solve its financial troubles on Wednesday, away from the potential debt cut and cash injection recently suggested by its largest single shareholder LetterOne.

    • 12 Dec 2018
  • Dia's backer LetterOne shops debt restructuring plan

    LetterOne, the private equity firm that is the largest shareholder in Distribuidora Internacional de Alimentación, the Spanish supermarket chain, has drafted a debt restructuring plan for the troubled company that echoes the latest attempt of renewable energy group Abengoa to survive by cutting its leverage.

    • 11 Dec 2018
  • Brexit anxiety kills refi loan from Vue

    Cinema operator Vue International cancelled its £833m-equivalent leveraged loan offering amid increasing investor aversion to sterling risk, as the UK government and Parliament descended into a full-blown clash over the conditions for separation from the European Union.

    • 06 Dec 2018

Private equity news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,736.52 21 7.15%
2 Credit Agricole CIB 3,101.01 16 5.93%
3 Goldman Sachs 3,092.70 16 5.92%
4 BNP Paribas 2,926.68 24 5.60%
5 Citi 2,758.74 10 5.28%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,336.07 15 8.07%
2 JPMorgan 2,260.62 16 7.81%
3 BNP Paribas 2,167.79 20 7.49%
4 Citi 1,935.99 15 6.69%
5 Goldman Sachs 1,890.62 15 6.53%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,395.10 95 10.16%
2 Citi 11,358.11 88 9.31%
3 Bank of America Merrill Lynch 8,530.25 71 6.99%
4 Goldman Sachs 8,483.82 60 6.95%
5 Morgan Stanley 7,524.77 55 6.17%