Target nation: UK
Date announced: 05/11/07
Sponsor: Osprey Acquisitions
Mandated arranger: Deutsche Bank
Anglian Water has mandated RBS to arrange a £475m refinancing. Anglian Water Group was acquired by Osprey Acquisitions in 2006 with the backing of a five-year £873m loan, mandated to Deutsche Bank. The launch of the c. £750m Southern Water buyout loan, mandated to Dresdner Kleinwort, HSBC, JP Morgan, NAB and RBS is expected soon.
Target nation: France
Date announced: 09/11/07
Sponsor: Sequina Capital
Mandated arrangers: Paribas, Credit Mutuel-CIC, HSBC France and Natixis
Antalis has completed its €650m term loan and revolver through mandated lead arrangers BNP Paribas, Credit Mutuel-CIC, HSBC France and Natixis. The five-year facility funds the acquisition of the MAP Merchant Group as well as refinancing and general corporate purposes. Of the leads Credit Mutuel-CIC provided €130m, HSBC France €110m with BNP Paribas and Natixis taking holds of €100m. In syndication ABN Amro, Fortis and Nordea joined as senior lead arrangers on €35m tickets, with Bank Austria joining as an arranger on a €25m take. Antalis is a subsidiary of Paris listed Sequina Capital and is Europe’s distributor of communications support materials.
A-Katsastus Group Oy
Target nation: Finland
Date announced: 20/11/08
Mandated arrangers: Nordea and SEB
Books have closed oversubscribed on a refinancing for A-Katsastus Group on behalf of European private equity firm Bridgepoint which acquired the company in January 2006. The facility is structured as a €75m term loan A; €75m term loan B; €75m term loan C and €10m revolving credit facility. In addition there is a €20m second lien tranche and a €35m mezzanine facility. Pricing and leverage levels are currently not being disclosed. Nordea and SEB were mandated to arrange the transaction. Nordea is acting as facility and security agent. Syndication has been targeted at existing lenders to the company (banks and funds) and this transaction replaces that signed in January 2006.