Bain Capital’s record-sized loan backing its acquisition of Irish building materials group CRH’s UK concrete and UK and US clay businesses has highlighted that unitranche financing has become more prominent in Europe’s leveraged loan market.
After years of cut-price refinancing, big ticket M&A lending finally made a welcome return to the EMEA loan market in 2014. For standing at the forefront of market developments and for making the most of the new lending opportunities, Deutsche Bank is IFR’s EMEA Loan House of the Year.
EMEA High-Yield Bond and EMEA Leveraged Loan: Numericable’s and Altice’s US$21.9bn acquisition financing
The US$21.9bn-equivalent financing backing French telecoms operators Numericable and Altice’s acquisition of rival firm SFR used multiple markets on an unprecedented scale to achieve a stand-out result for the borrowers.