European acquisition related syndicated loan volume reached 160.9 billion dollars in 2014 YTD, an increase of 74% on the 91.8 billions signed in 2013 YTD and representing the highest YTD volume since 2008 (382.3 billions), Dealogic said in a recent report (download here the report).
Acquisition loan activity however has fallen to 127 deals in 2014 YTD, the lowest YTD activity since 2010 (125 deals) pushing the average deal size up to 1.3 billions from 723 millions in 2013 YTD, representing the third largest average deal size on record, behind 2007 YTD (1.8 billions) and 2008 YTD (1.5 billions)
LBO’s account for 24% of European acquisition related syndicated loan volume so far this year, down from a 43% share in 2013 YTD and the lowest share of volume since 2010 YTD (18%). European LBO loan volume stands at 38.4 billions in 2014 YTD, down from the 39.9 billions signed in 2013 YTD.
Leading the activity was United Kingdom with a total volume of 35.1 billions (or 22% market share). France and Germany follow with 20% (32.8 billions) and 16% (25.3 billions),