The Bank of China has acted as the sole Chinese bank and the lead arranger in a cross-border syndicated loan for The Carlyle Group's acquisition of Surventis.
The syndicated loan facility, structured across US dollar, Euro, and Renminbi tranches, has a total transaction value of 7.7 billion euros.
This transaction represents a major acquisition within the global high-end manufacturing sector. Confronted with challenges typical of cross-border M&As—such as complex deal structures, cross-jurisdictional compliance reviews, and multi-currency conversions—Bank of China leveraged its role as syndicate leader and its expertise in cross-border mergers and acquisitions.
It innovatively designed a financing structure involving an international syndicate with an offshoot Renminbi loan.
This solution not only assisted the enterprise in effectively mitigating foreign exchange risk but also achieved a closed-loop, cross-border transaction financing system spanning multiple regions and currencies.
It further extends the use of the Renminbi from trade settlement into core areas of global capital financing and transnational industrial restructuring, effectively enhancing the international recognition and cross-border pricing influence of the Renminbi.
In recent years, Bank of China has served as the lead arranger or exclusive participating bank in numerous benchmark M&A deals valued in the tens of billions, achieving growth in both the number of transactions serviced and the scale of financing provided.
Leveraging its global advantages, the bank constructs comprehensive one-stop service solutions. It fully utilizes its multi-currency, cross-market integrated service capabilities to provide enterprises with end-to-end, holistic financial solutions for cross-border mergers and acquisitions, global resource integration, and international expansion.
Driving technological innovation, it empowers the entire deal lifecycle. Relying on technology to enable innovative service models, the bank offers integrated "advisory + financing + investment" solutions, helping high-quality enterprises achieve technological leaps, industrial consolidation, and improvements in quality and efficiency through acquisitions.
Bank of China will continue to deepen its involvement in cross-border Renminbi finance and industrial M&A finance, using high-quality cross-border financial services to persistently promote the international use of the Renminbi and the high-level opening of the financial sector.
The Carlyle Group is a global investment firm headquartered in Washington, D.C., USA, deploying private capital and operating through three core business segments: Global Private Equity, Global Credit, and Investment Solutions.
Surventis, formerly the coatings business of BASF and headquartered in Münster, Germany, is a company dedicated to metal and plastic surface treatment, protection and sealing, and vehicle coating for multiple industries.