Lloyds top of European LBO loan market

4 May 2010

Lloyds has been named as the biggest provider of loans for leveraged buy-outs (LBOs) in Europe.

According to figures from data provider Dealogic, the bank has put up $832 million for six different takeover deals so far this year, an amount that is 43 per cent higher than nearest rival Credit Agricole.

Since 2007, Lloyds has almost tripled its share of the LBO market in Europe to be responsible for almost 15 per cent of the activity in the sector.

A spokesman told the Financial Times that LBO loans are just part of the offering available from it.

"We remain the number one lender to the UK mid-market," he said.

"Buy-out loans are part of our lending activities in the corporate market, particularly in the mid-market sector."

Earlier this year, Lloyds released a statement suggesting it expects to have a profitable 2010 after recording an overall loss of £6.3 billion ($9.6 billion) last year.

By Claire Archer

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