Latest Private Equity news

  • Sivantos unboxes jumbo loan from Widex buyout

    EQT is merging its hearing aid firm Sivantos with Danish peer Widex. The largest leg of its funding, a €2.6bn credit facility, has been launched in the leveraged loan market, which is digesting multi-billion deals again.

    • 16 Jul 2018
  • Borrowers show up in HY mart as spreads cease widening

    The euro high yield bond pipeline brought five deals to the market this week, as secondary yield spreads and payoff expectations tightened, partially reversing recent trends.

    • 12 Jul 2018
  • Telecom Lebara adds to fiasco with debut bond buyback delay

    Low cost telecoms group Lebara has delayed its plans for a redemption of its only bond from early July to August, the latest setback in its already long list of communication and disclosure failures.

    • 05 Jul 2018
  • CVC takes pushback for Mehiläinen loan on the chin

    Investors have squeezed better terms out of Mehiläinen, the Finnish healthcare group seeking a €1bn loan to finance its acquisition by CVC.

    • 04 Jul 2018
  • Autodis dares widening HY market with FRN tap

    French car parts distributor Autodis announced an add-on of its only floating rate bond on Monday, amid higher average high yield funding costs but with investors confident that the market can cope.

    • 02 Jul 2018
  • Underwriters stung as buyers push back on covenants

    Underwriters in the European high yield market that provided bridge financing in the first few months of the year for lightly covenanted deals are suffering amid investor pushback and failed offerings, said market sources.

    • 28 Jun 2018
  • Thomson Reuters, Techem to raise new €9bn lev loan deals

    The European leveraged loan market is starting to look a lot like it did in May, with a table full of multi-billion deals and bankers concerned about how much this spike in issuance could play into investors’ hands.

    • 26 Jun 2018
  • Tight euro HY draws Bway to fund US LBO

    Bway, the US container maker, is including €475m of euro bonds in the leveraged financing for its $1bn acquisition of rival Industrial Container Services, in a sign of the increasing attractiveness of euro high yield markets.

    • 26 Jun 2018
  • Covenant battle rages in HY as lawyers blamed for ramping up confrontation

    Fierce competition for clients among law firms advising borrowers and investors is stoking up disputes over loosening bond covenants, said high yield market participants in Europe this week. The number of deals pulled has already surpassed 2017 figures as a result, but both sides in the battle show little sign of giving way. Victor Jimenez reports.

    • 21 Jun 2018
  • Jumbos back in lev loan market with BMC buyout

    BMC Software, the US IT firm, has revealed the loan leg of the funding for its leveraged buyout by KKR, a $4.4bn facility in dollars and euros. It is the first multi-billion leveraged loan deal for four weeks, after a battery of large offerings early in May.

    • 19 Jun 2018

Private equity news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 11,783.36 49 7.37%
2 Credit Agricole CIB 11,017.21 47 6.90%
3 Deutsche Bank 9,213.50 34 5.77%
4 HSBC 8,442.65 35 5.28%
5 UniCredit 8,427.21 49 5.27%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,647.43 42 7.27%
2 JPMorgan 3,279.22 34 6.53%
3 Deutsche Bank 3,153.00 28 6.28%
4 Credit Suisse 2,939.41 27 5.86%
5 Goldman Sachs 2,892.87 27 5.76%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,575.71 111 9.62%
2 Citi 10,815.50 91 7.67%
3 Goldman Sachs 9,536.47 76 6.76%
4 Bank of America Merrill Lynch 9,455.18 88 6.70%
5 Barclays 9,449.01 71 6.70%