tmt team telecoms, media & technology finance

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TMT Team Telecoms, Media & Technology Finance

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TMT Team Telecoms, Media & Technology Finance. Our Structure. TMT - Who we are. Initially established as a Media division in February 2005, creating Bank of Ireland’s first specialist team in the UK. - PowerPoint PPT Presentation

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Page 1: TMT Team Telecoms, Media & Technology Finance

TMT Team

Telecoms, Media & Technology Finance

Page 2: TMT Team Telecoms, Media & Technology Finance

2

Our Structure

Corporate & Treasury Division

Corporate Banking

Corporate BankingUK & Ireland

Corporate BankingUK

Retail & Leisure TMT HealthcareSpecialised Industries

Property FinanceBurdale: Asset Based Lending

Global AcquisitionFinance

Global ProjectFinance

Acquisition Finance London

Property FinanceLondon

Page 3: TMT Team Telecoms, Media & Technology Finance

3

Initially established as a Media division in February 2005, creating Bank of Ireland’s first specialist team in the UK.

Technology & Telecoms specialism added in January 2008 with the recruitment of established sector professionals.

Based in London, the team comprises the market’s most experienced team of senior TMT corporate bankers who are

recognised for delivering innovative tailored solutions to suit the ever-changing needs of the TMT sector.

Our product offering includes senior and subordinated debt, and our Treasury colleagues can offer interest rate and

exchange rate hedging instruments plus full treasury and cash management packages developed around individual

yield, liquidity and maturity criteria.

Geographic focus on the UK and Ireland, with appetite for selective European assets.

TMT portfolio currently comprises c. €1bn of assets across 50+ separate transactions.

Geographic split of total assets is weighted towards the UK market at 64% reflecting our strategic focus, with the USA

representing 11%, Europe 8% and other 17%.

Bank of Ireland is committed to the sector. The difficult economic conditions have not affected our approach to the

market and we continue to be proactive and ‘open for business’, supporting both new and existing clients.

To date, over 35 transactions completed as Mandated Lead Arranger including 5 in 2011 supported by a dedicated

Syndications Team based in London

TMT - Who we are

Page 4: TMT Team Telecoms, Media & Technology Finance

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Milestones

2005 > > > > > > > 2011 Com

ple

ted

Tra

nsa

ctio

ns

30

4050

60

Feb 2005Media Team established in London

Apr 2006Eclipse taxStructuredfinancing£1.2bn

May 2005MLA supporting

UTV’s acquisitionof The WirelessGroup £140m

Dec 2005Recruitment of two senior

Media Directors

Feb 2009MLA in

RDF Media‘take private’

£36m

Sep 2010MLA in

Tarsus Group PlcRefinancing

£40m

Jan 2008Recruitment of Technology &

Telecoms Team

Jun 2010MLA in

Manx TelecomSenior debt

facility

Jan 2010MLA in

BMG Rights Management

$160mDec 2007Joint MLA

€1bn re-financingfor MecomGroupPlc

Sep 2008Collapse of

Lehman Bros

Dec 2008MLA in

Cable & WirelessWorldwide

£200m

Aug 2007Start of the

Credit CrunchAug 2010

Appointment of new Head ofTechnology

Jul 2009MLA in$500mforward startfacility for Inmarsat

Nov 2010Joint MLA in MISYS Plc

Senior debt Facility £280m

Apr 2011Joint MLA in

The MillSenior debt

Facility £62m

Page 5: TMT Team Telecoms, Media & Technology Finance

5

Thorough understanding of the market place: you will not need to educate us as we speak your language.

Collectively, over 65 years’ experience of operating in the TMT sector.

A strategic relationship approach means that we both originate and portfolio manage transactions within the TMT

team which provides for ongoing continuity.

Successful track record of creating specially tailored products which have set the market standard to meet the ever-

changing demands of the TMT industry.

Our specialist knowledge enables us to take an industry view above all other factors.

We operate as a gateway for the industry, given our depth of knowledge, experience and contacts within the team.

Active industry supporter through our involvement with the Royal Television Society, PACT & the Radio Academy.

We have also sponsored the RTS Cambridge Convention, the PACT Census and the 125 th Anniversary of the Music

Publishing Association and, more recently, supported C21Media’s Propaganda Factory conference.

We also participate in the major trade markets including MIP TV, MIPCOM, MIDEM, the Radio Academy, FIPP, CBIT

Germany and GSMA Barcelona.

TMT - Our Proposition

Page 6: TMT Team Telecoms, Media & Technology Finance

6

Sectoral Expertise: Media

Print Publishing Marketing Services TV Broadcasting

Radio TV Production

Music Publishing

Facilities Online Media

Page 7: TMT Team Telecoms, Media & Technology Finance

7

Sectoral Expertise: Telecoms & Technology

Equipment ManufacturersFixed Line & Cable

Hardware IT Services & Outsourcing Semiconductors

Mobile

Software

Satellite

Page 8: TMT Team Telecoms, Media & Technology Finance

8

Selected Transactions

£18,000,000Senior Debt Facility

December 2010

Sole Debt Provider

August 2010

£20,000,000Senior Debt Facility

February 2011

Sole Debt Provider

£40,000,000Senior Debt Facility

September 2010

Mandated Lead Arranger

$350,000,000Senior Debt Facility

Mandated Lead Arranger

October 2010November 2010

Joint Mandated Lead Arranger

£280,000,000Senior Debt Facility

The Mill£62,000,000

Senior Debt Facility

Joint Mandated Lead Arranger

April 2011May 2011

£50,000,000Senior Debt Facility

Agent & Joint Mandated Lead Arranger

Joint Lead Arranger

£42,500,000Refinance & Acquisition

May 2011June 2011

Mandated Lead Arranger

$750,000,000Senior Debt Facility

June 2011

£15,400,000Senior Debt Facility

May 2011

Sole Debt Provider

Page 9: TMT Team Telecoms, Media & Technology Finance

9

Selected Transactions

£45,000,000Senior Debt Facility

December 2009

Mandated Lead Arranger

£700,000,000Forward Start Facility

November 2009

£110,000,000Refinance of GCAP and

GWR Acquisitions

October 2009

Mandated Lead Arranger

Joint Lead Arranger

£554,300,000Refinance

August 2009

Arranger

£550,000,000Senior Debt Facility

March 2010

Arranger

£14,000,000Senior Debt Facility

April 2010

Sole Debt Provider

June 2010

£41,000,000Acquisition Finance

Mandated Lead Arranger

$20,000,000Senior Debt Facility

June 2010

Lead Arranger

August 2010June 2010

Senior Debt Facility

Mandated Lead Arranger

£20,000,000Senior Debt Facility

August 2010

Mandated Lead Arranger

Page 10: TMT Team Telecoms, Media & Technology Finance

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Selected Transactions

$7,000,000,000Revolving Facility

August 2010August 2008

Secondary Loan Market Purchase

€696,000,000Public to Private

April 2008

Joint Lead ArrangerJoint Lead Arranger

£26,000,000Public to Private

Acquisition

July 2008

£136,000,000Refinance of TWG & FM104 Acquisitions

May 2008

£92,000,000Acquisition of DSEI

May 2008

Mandated Lead Arranger

Joint Lead Arranger

September 2008

£30,000,000Senior Debt Facility

Mandated Lead Arranger

£40,000,000Senior Debt Facility

December 2008

Mandated Lead Arranger & Issuing Bank

£36,000,000Senior Debt Facility

February 2009

Mandated Lead Arranger

$31,000,000Acquisition of

Metronome & Reveille

April 2009

Co-Syndication & Document Agent

$500,000,000Forward Start Facility

July 2009

Mandated Lead Arranger

Page 11: TMT Team Telecoms, Media & Technology Finance

11

Selected Transactions

April 2008

$2,000,000,000Acquisition of

Golden Telecom

Lead Arranger

£42,000,000Acquisition of Wall to

Wall

November 2007

Joint Mandated Lead Arranger

€30,000,000Refinancing

October 2007

Sole Debt Provider

€1,000,000,000Group Refinancing

Joint Mandated Lead Arranger & Bookrunner

December 2007

Page 12: TMT Team Telecoms, Media & Technology Finance

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Head of TMTSimon Bumfrey + 44 203 201 6086 + 44 7841 724 908 [email protected]

MediaGeoff Marchant + 44 203 201 6087 + 44 7841 724 906 [email protected] Gregory + 44 203 201 6094 + 44 7738 143 553 [email protected] Mark Birkenshaw + 44 203 201 6085 + 44 7841 724 909 [email protected] Kelleher + 44 203 201 6095 + 44 7872 828 769 [email protected]

TelecomsGraham Dodd + 44 203 201 6113 + 44 7515 332 409 [email protected]

TechnologyEmma Stephens + 44 203 201 6009 + 44 7711 149 638 [email protected]

Bank of Ireland is regulated by the Central Bank of Ireland. In the UK, Bank of Ireland is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of our authorisation and regulation by the Financial Services Authority are available from us on request. A member of Bank of Ireland Group

Contact Details