Lloyds TSB Corporate Markets’ acquisition finance team has been named Debt Provider of the Year at the European Private Equity Awards 2008, held in Paris on 21 November.
The awards were hosted by industry body the European Private Equity and Venture Capital Association and leading trade publication Real Deals.
The Debt Provider of the Year award acknowledges the skill of leveraged finance providers in structuring and executing appropriate transactions.
Lloyds TSB Corporate Markets was selected by a distinguished judging panel comprising of individuals from across the European private equity industry.
Acquisition finance team was praised for successfully forging new relationships with equity sponsors and businesses of all sizes across the continent and for demonstrating a significant appetite by acting as Sole Mandated Arranger with increasing frequency.
Our approach to funding First Reserve Corporation’s £1,501 million take-private of Abbot Group and CVC Capital Partners’ €2.4 billion acquisition of a 25 percent stake in Evonik Industries AG, were singled out for particular praise.
Jon Herbert, Head of Structured Debt Origination at Lloyds TSB Corporate Markets, said: “To win such a coveted award is great recognition for the hard work our team has put in to provide the private equity community across the continent with a professional, innovative approach to leveraged finance.
“In a challenging climate, our focus on quality and developing robust but flexible packages has seen us play key roles in some of Europe’s most notable deals.
“We’re committed to further strengthening our relationships with sponsors and supporting transactions with debt packages designed to meet tight timescales and long-term plans for shareholder value creation.”
In the period under review for the awards (1 Sept 2007 - 31 August 2008), Lloyds TSB Corporate Markets provided £2.3 billion of funding across 70 private equity backed transactions in Europe.
We also acted as Mandated Lead Arranger on six of the ten largest European transactions by value completed in the market since 1 Sept 2007.
Contact the Acquisition Finance team.