|
|
|
 | Network | |
 |
|
|
Spain
|
 | |
|
The Calyon group has implemented a diversified products line for the Spanish market, principally focused on corporates (major Groups), institutionals, public and local authorities.
In 2005, marketing efforts out of Madrid include Portugal (with a dedicated Senior Banker and specialised capital markets teams). |
| |
|
|
|
| Capital markets and investment banking
| | | Financing
| | | Other activities
| |
|
Capital markets and investment banking
 | Capital markets | [Capital markets and investment banking] |
Calyon is leader in the Spanish primary market bond issues. Every year, Calyon consistently ranks top-3 as Lead Manager of all euro-denominated bonds, as measured by both volume and the number of transactions. Our Fixed Income Origination capacity is particularly successful among the financial sector borrowers -namely commercial and savings banks, and within the Public Sector -ie Regional or Local Governments and state-owned enterprises.Key to obtaining such leadership is Calyon's long-standing track record as a close, trustworthy and committed counterpart in the Capital Markets arena to virtually all the Spanish clientele. Calyon is offering to its Institutional and Corporate Customers base a variety of products, such as Commercial Paper, liquid bonds (Credit and Government paper) and Interest Rate, Credit, Equity, Inflation, Foreign Exchange, Commodity and Weather Derivatives. It is Calyon's mission to provide our clients with the best solutions, which fit their needs.
| Equity brokerage | [Capital markets and investment banking] |
Cheuvreux is a leading European broker thanks to the renowned quality and independence of its research, its original multi-local approach and its execution expertise.
Cheuvreux's equity research coverage provides one of the broadest offers available, as reflected by the company's steady climb in the rankings.
The brokerage arm has a front office made up of 22 professionals specialized in research, advice to institutional clients, and execution of equities relative to the market. Currently, Cheuvreux regularly follows 65 companies in the Iberian Peninsula, which account for 93% of the Spanish market capitalisation.
| Investment banking | [Capital markets and investment banking] |
Calyon branch in Spain provides financial advisory services in M&A, Corporate Finance and Equity Capital Markets.
The range of services and products we offer covers all the needs of general managements and financial departments of CALYON clients:
- Advisory services for M&A situations: including advising in buy-side, sell-side, etc.
- General corporate finance advisory
- Equity Capital Markets: market offerings of equity and equity-linked instruments as IPOs, capital increases, follow-ons, convertible and exchangeable bond issues, etc. together with our local broker Cheuvreux, that covers 69 Spanish companies and has one of the most active sale forces in Spain.
During 2004 and so far in 2005, we have participated and closed deals in cross border M&A, equity (IPO), equity derivatives and private placement, including:
- Metrovacesa's EUR 8.5 bn acquisition and subsequent tender offer for Gecina, in the largest ever real estate deal in Europe,
- Providence Equity Partners' acquisition of 25.5% of Recoletos,
- Cintra's EUR 1.5 bn IPO,
- MCH's private equity fund's private placement.
Calyon maintains its leadership as the number one bank advising cross border Spain-France M&A deals.
Calyon Spain is also in the top four in the M&A league tables in Spain in 2005 YTD and top ten in 2004.
Financing
| Structured finance | [Financing] |
Calyon is one of the leader banks in the Spanish Project Finance market. Supported by the resources of one of Europe´s largest and strongest banks, the Spanish Structured Finance team is comprised of a highly experienced group of professionals. The team provides corporate clients with multi-product financial solutions through a broad range of tailored structured finance products in project finance, export finance and shipping finance.
We combine:
- a dedicated local team with strong execution capabilities and extensive closing experience;
- a proven, strong underwriting capability combined with a local syndication support; and
- a wide variety of financial products (advisory, senior single asset project financing, senior structured portfolio financing, bridge loan, subordinated debt, structured derivative products, mezzanine) with an ability to deliver all.
Calyon offers superior advisory, arranging, and risk management services to Spain´s major companies for their major projects. Areas of expertise include Power, Infrastructures and Oil & Gas.The Spanish Export and Trade Finance team is a leading player in the Spanish market, specially in arranging multisource export credit transactions. We have structured deals with the different European ECAs (CESCE, Coface, Hermes, Sace, EKN, etc.), as well as with multilateral such as EIB, MIGA, EBRD.
In the recent years we have led transactions in the Brazilian and Mexican market, as well as in Asia and in Middle East as regions where the bank has a particular value added enhanced by its worldwide network. Calyon provides structured finance solutions to ship-owners, combining a sound local market knowledge and the industry expertise from a dedicated specialists team. We have established a recognized expertise in financing vessels, building up a diversified portfolio.
We offer a very wide range of products and techniques: asset financing schemes, operating lease structures and other tax enhanced financing, bunker fuel hedging, etc.
| Acquisition Finance | [Financing] |
Our access to capital, broad array of products and expertise in structuring debt have made CALYON a powerful presence in the Spanish acquisition finance sector. We arrange and provide underwriting of leverage loans, bridge loans and senior debt.
Acquisition finance combines investment banking capability with CALYON's long term commitment to its clients as a major lender. This combination allows CALYON to compete in the acquisition finance market at a wide range of transaction sizes across Spain. The Spanish Acquisition Finance team is dedicated to providing tailored senior and junior financing to private equity houses in the context of leveraged buy-out transactions, taking advantage of sound market knowledge, superior structuration skills and first-rate syndication capabilities.
Our team of professionals has successfully led the principal transactions carried out in Spain in the last four years.In 2004, we were the Mandated Lead Arranger and Bookrunner for Itevelesa in arranging a EUR 240 million senior debt, the largest secondary LBO transaction ever carried out in the country.
| Telecommunications finance | [Financing] |
Calyon has a long and successful track record as an active financial advisor and lender to Spanish telecommunication companies, offering structuring, underwriting and distribution expertise at all stages of their funding cycle: from start-up / early stage funding, to senior debt, including jumbo loans, network build-out facilities and refinancing, subordinated debt, or bridge funding to capital markets.
We benefit from a long-term relationship with the main players in the Spanish Telecommunications market : Telefónica, Sogecable, Grupo Auna, ONO and Jazztel.
| Global Loan Syndication | [Financing] |
Calyon has a team of 3 experienced Originators & Distributors based in Madrid, fully integrated in Calyon's Global Syndication team, advising their clients on the structure and pricing of their syndicated facilities; providing seamless execution of the syndication process as well as an access to an extensive investor base.
In 2004, Calyon Spain successfully syndicated 18 loan transactions and is one of the top ten banks in the MLA league tables for the region.
| International Support to Middle Market Clients Network | [Financing] |
Located in Madrid, Crédit Agricole Group Liaison Desk in Spain assists Crédit Agricole's mid-cap corporate customers in their international operations, by providing a thorough knowledge of the local environment as well as by securing access to a wide spectrum of banking services abroad.
Other activities
| Asset management | [Other activities] |
Private Banking in Spain goes back eleven years when the bank bought Bankapital and its activity of services to high net worth customers.
Today the bank has a strong presence in Madrid out of its building of Castellana 1. It has one important subsidiary in the North of Spain, Bilbao and San Sebastian, and one in Valencia. Its coverage is further enhanced through a network of branches throughout Spain.Calyon Private Banking aims at serving the needs of high net worth clients. To meet the specific requirements of our clients, we offer various services of management: discretionary, advisory, and investment in funds.Our asset management advisors offer high-performance customized products and services. Yet, preservation of the capital is our first priority. Our people have access to Crédit Agricole's best international research and permanent links to the main financial markets. Calyon Private Banking provides its customers a range of innovative services: - discretionary portfolio management,
- advisory & structured products,
- investment funds,
- planning for estate and inheritance,
- real estate credits.
| | [Other activities] |
Through a joint venture, Calyon and Crédit Agricole Asset Management have developed a fund manager dedicated to the institutional market as well as a platform for the distribution of national and international funds.
|
|
|  |