Latest Private Equity news

  • Nord Anglia tightens amid commitments rush

    International schools operator Nord Anglia has tightened pricing and accelerated the deadline on its $1.22bn-equivalent euro term loan, while up to six leveraged loans are due to close syndication at the end of the week.

    • 23 Jun 2017
  • LBOs to fly as activists poised to bring more M&A to Europe

    As the shareholder acceptance deadline for German pharmaceuticals firm Stada’s €4.1bn buyout loomed on Thursday, there has been talk in the market about the rising influence of activist investors in Europe. Historically a largely US phenomenon, some market participants think Europe is set to experience a surge in shareholder activism of its own, shaking up the corporate landscape and inviting further leveraged buyouts, writes Max Bower.

    • 22 Jun 2017
  • Manutencoop builds HY comeback to pave PE stakeholders’ exit

    Putting litigation problems behind it, Italian buildings manager Manutencoop Facility Management SpA returned to the high yield bond market on Wednesday to fund a buyout, in which its cooperative parent will buy private equity firms out of its shareholder structure.

    • 21 Jun 2017
  • Dunlop signs £45m direct lending deal with Permira for buyout

    Permira Debt Managers has sole-financed Liberty Hall Capital Partners’ $135m acquisition of UK aircraft tyre company Dunlop with a £45m loan, after closing its third direct lending fund at €2.1bn this week.

    • 21 Jun 2017
  • Austrian minibonds for CVG acquisition

    A €17m floating rate issue will be listed on the Third Market of the Vienna Börse to fund the acquisition of Corpo Vigili Giurati, the Italian private security group, by the Berni-Gamberini family.

    • 20 Jun 2017
  • CVC buys two TMT firms, Blackstone agrees Celanese JV

    CVC flexed its buyout muscles again this week, buying two European tech companies for more than €1bn, while Blackstone has agreed to a joint venture for its recently acquired cigarette filter making business Rhodia Acetow with a unit of US chemicals firm Celanese.

    • 20 Jun 2017
  • Safetykleen launches another LBO to red hot market

    Safetykleen Europe, the surface treatment and chemical application services provider, has led a group of smaller new money deals to market this week. It held a bank meeting on Wednesday in London for its €455m seven year term loan ‘B’, backing Apax’s buyout from Warburg Pincus.

    • 19 Jun 2017
  • Permira closes third direct lending fund at €2.1bn

    Permira Debt Managers, the direct lending arm of Permira, has closed its third fund at €2.1bn, having already invested over 30% of the fund, including £375m for UK private members club Soho House.

    • 19 Jun 2017
  • Investors should have trust, says Cinven partner

    At a panel discussion this week, a partner at Cinven said investors should trust sponsors to act responsibly, despite protection for debt investors disappearing in deal documentation.

    • 15 Jun 2017
  • Belmond, Kuoni enjoy market travels as Veritas returns

    VFS Global, the visa and passport services division of Kuoni, allocated its euro and sterling loan refinancing package this week, after increasing the euro offering and tightening pricing on both tranches.

    • 15 Jun 2017

Private equity news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Goldman Sachs 10,231.82 32 7.84%
2 JPMorgan 8,649.53 32 6.63%
3 Deutsche Bank 7,504.04 42 5.75%
4 BNP Paribas 7,457.95 38 5.72%
5 Credit Suisse 6,678.77 32 5.12%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%