Financing
Terra Firma planning £475m Odeon bond issue
Terra Firma is planning to refinance is Odean and UCI Cinema business with a £475m bond sale, according to reports.
3i Debt Management borne out of MIM deal
3i has reinforced itself as a diversified asset manager with today’s introduction of 3i Debt Management (3iDM).
Investec expands private equity offering
Invest Growth & Acquisition Finance has added senior debt and preferred equity to its core stable of lending facilities for private equity transactions.
Apollo makes offer for BHF Bank
Apollo Management has made an offer for BHF Bank, a subsidiary of Deutsche Bank.
Basel III: Capital requirements and the cost of leverage
The Basel III banking regulations took a major step forward over the weekend when central bankers agreed on the latest set of rules to prevent future financial crises. Higher capital requirements for banks have hit the headlines, but what effect will...
Central banks agree Basel III rules
Central bank governors have agreed new capital requirements for banks as part of Basel III.
Lion Capital meets lenders for Picard buyout
Lion Capital plans to meet lenders to secure a €675m debt package for the acquisition of Picard Surgelés, according to media reports.
Neil Price to head Lloyds North West debt PE team
Lloyds TSB has appointed Neil Price as head of its North West Corporate Markets acquisition finance unit, to oversee the development of debt facilities to support private equity -backed transactions in the region.
Investec to increase private equity mezzanine financing
Investec is working on plans to increase asset based lending and mezzanine funding to mid-market private equity investors over the next 12 months.
Private equity investors back $1.4bn financing of Avolon
Cinven, CVC Capital Partners and Oak Hill Capital Partners have committed $750m to back a $1.4bn financing deal of Irish aircraft leasing company Avolon. The deal is subject to regulatory clearance.
BAML names new head of EMEA Financial Sponsors
Bank of America Merrill Lynch (BAML) has appointed Rob Firth as head of the financial sponsors group for Europe, the Middle East and Africa (EMEA).
Yorkshire Bank's Kilpatrick takes on acquisition finance role
Yorkshire Bank has promoted Roddy Kilpatrick to area director within its Corporate & Structured Finance (CSF) team in the North West.
Clydesdale appoints Trussler as director
Clydesdale Bank has named Stuart Trussler as a new director in its corporate and structured finance unit.
Debt markets go full circle
With senior leverage loans on the secondary debt market trading at around par, investors are returning to the primary market. Emanuel Eftimiu reports
Clydesdale bulks up corporate team with two new hires
Clydesdale Bank has boosted its corporate & structured finance team in the south of England by appointing Tim Cussins and Catriona Murdoch as associate directors.
Taking stock of asset-based lending
ABFA's latest stats show a decrease in asset-based lending last year. But there are promising signs that the demand for this product could rise in 2010. Deborah Sterescu reports.
Q&A: Reaching the mezzanine level
Armada Mezzanine recently spun out of Eqvitec. Rikke Eckhoff catches up with managing partner Pertti Nurmio.
Endless refinances Crown Paints with £25m of new debt from RBS
Turnaround investor Endless has agreed to a refinancing of portfolio company Crown Paints Limited, the UK's largest decorative coatings manufacturer, which will see RBS inject £25m of new facilities into the business.
Yield of dreams: unquote" explores high yield
Interview with Peter Schwartz, capital markets partner, Weil, Gotshal & Manges.
Hutton Collins refinances Windsor with new debt from Cydesdale
Hutton Collins Partners has agreed a refinancing of portfolio company Windsor Limited, the insurance broker, which will see Clydesdale Bank inject new senior debt facilities into the business.
The banks are back ... or are they?
A lack of leverage does not persist. By Deborah Sterescu
FRANCE/GERMANY/UK - Indigo promotes four
Specialist mezzanine investor has promoted Adrian Lurie, Nicole Waibel and Cyril de Galea to partner, and Esteban Abad to investment director.
EUROPE - 2010: Leverage renaissance
"Good deals this year shouldn't fall through because of lack of financing as there is enough debt around to service the expected volume of transactions," says Lloyds' Ian Sale, who is optimistic about the prospects for leveraged buyouts in 2010.