Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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February 2011

Deals of the year 2010: RBS WorldPay sale to Bain/Advent

The up to £1.9 billion RBS WorldPay leveraged buyout was not only the second-biggest LBO in Europe in 2010 (after Tomkins), but it achieved this by skilfully tapping into the wave of appetite for leveraged loans that had been building throughout the region all year.


The deal itself was required as one of the remedies demanded by the European Commission for the £54 billion of state aid that RBS has received from the UK government. The bank remains a minority (20%) shareholder in the business, which generated operating profits of £249 million in 2009 and is Europe’s largest payments processor. ...


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