ABN Amro Financial Sponsors has made five appointments at its London offices to reflect what it describes as the ‘surging demand’ for LBO financing in Europe.
The most significant of the appointments is Wieland Janssens, former managing director in the financial sponsors group at Schroder Salomon Smith Barney, who joins the firm in the same capacity. Janssens will be based in London and will report to Chris Kirkness, European head of financial sponsors.
ABN AMRO has also recruited three London based senior team members within leverage finance reporting to Gavin Alexander, the firm’s global head of structured capital. Oleg Pankratov and Steve Jones join as executive directors from JPMorgan’s corporate securitisation and leveraged finance teams respectively and Arjan van Rijn joins as a director from the leveraged finance syndicate at Deutsche Bank.
“Our pipeline for financial sponsor deals backed by leveraged funding is exceptionally strong,” Kirkness said in a statement. “We are building a team that will play an increasingly significant role as this activity continues to grow.”
ABN AMRO’s financial sponsors group focuses on E100m-plus later stage buyouts. Last year, the bank acted as sole financial adviser to Candover on its E1bn acquisition of hygiene group Ontex, the largest ever LBO and public to private deal in Belgium. ABN AMRO was also a lead arranger on the E795m debt facility.
In addition, the bank has recently supported BC Partners’ acquisition of Telecolumbus and CVC’s deal to acquire Danske Traelast in Denmark. Most recently, it backed NIB Capital’s E300m acquisition of the human resources unit of Getronics.