Natixis
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Hong Kong listed Fosun International has chosen three French lenders to supply funds for its acquisition of Club Mediterranee (Club Med). -
Although Fosun’s acquisition of Club Mediterranee (Club Med) marks another step in the advance of Chinese investment in Europe, the transaction’s buyout debt is unlikely to send pulses racing, as the borrower is aiming for a conservative debt package.
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AS Adventure, the outdoor clothing retailer, is working on the term sheet for a €245m acquisition loan, which it plans to launch early in March.
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Spanish civil and engineering company Grupo Actividades de Construcción y Servicios announced a €2.4bn five year loan today with a syndicate of 43 banks. The deal took three months to complete, which is unusual in the Spanish market, where deals usually take three weeks, said one Spanish banker.
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Italian electricity company Enel refinanced a €9.4bn credit facility on Thursday and reduced the margin on the loan from 190bp to 80bp over Euribor.
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An incredible streak of record breaking low yields skipped through the covered bond market this week as issuers from Germany and France set new records, while another outside the Eurozone issued the first deal longer than 10 years with a coupon below 1%. Despite the low level of return, investors piled into all three euro transactions.
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Tentative allocations are out for Indonesian oil and gas company Pertamina’s five year fundraising. The loan has been closed at a size of $1.747bn, with the dozen banks at the top that prefunded the money managing to sell down as per expectations, said bankers close to the transaction.
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Natixis has promoted Alain Gallois to global head of fixed income. The newly created role completes the cosmetic changes made by the bank to create a single debt platform.
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Survitec, the UK survival equipment provider, has opened books on a £250m-equivalent term loan backing its buyout by Onex.
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Tentative allocations are out for Indonesian oil and gas company Pertamina’s five year fundraising. The loan has been closed at a size of $1.747bn, with the dozen banks at the top that prefunded the money managing to sell down as per expectations, said bankers close to the transaction.
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Barclays loses EM syndicate manager - Natixis picks FIG M&A head - Rosenblatt hires two for EM push
