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Firm has added to its London team with seventh partner hire this year
Banker had worked at DB for 14 years
Marco Ferrari joins Stockholm office from Nordea
One major bank has underwritten three infra deals in the last week
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China’s drug developer Luye Pharma Group has launched a $300m loan into general, to back the acquisition of two antipsychotic medical products.
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On Friday, AkzoNobel and Suse announced new deals in the already bustling European markets for high yield bonds and leveraged loans, bolstering expectations of record volume for September.
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India’s JSW Steel has launched a $140m dual-tranche loan into general syndication, with the funds to go towards its acquisition of US-based steel plant Acero Junction Holdings.
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Chinese technology giant Xiaomi Corp, which recently floated in a landmark IPO in Hong Kong, is seeking lenders’ approval to slash the price on a $1bn loan closed last year.
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Japanese investment bank Nomura is increasing its involvement in European real estate — including the UK market, where the exit from the European Union could spark new business.
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Bankers working on the European deal pipelines for high yield bonds and leveraged loans promise a blazing September, but the talk among investors and their advisers is sober. Some fund managers believe the second half of the year might turn out to be reckoning time from what they described as “excesses” of the past.