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Deals of the Year Awards 2012
The Deals of the Year Awards are organised by The Treasurer, the official magazine of the ACT.
The Deals of the Year Awards are the only treasury awards where the winners are judged by fellow practitioners. They celebrate the achievements of the corporate treasurer in successfully accessing the debt and equity markets on behalf of their company. All types of deal are considered and judged on the basis of demonstrating innovation and excellence in treasury, rather than on the size of the deal. In addition, the Treasury Team of the Year Awards recognises the all round contributions of treasury teams to business success.
Winners of the Deals of the Year 2012
Bonds and Overall winner: Schaeffler
Last year, Schaeffler launched one of the largest bonds of its kind, despite having a non-investment grade balance sheet.
Corporate Finance: GKN
A keenly priced acquisition, well-received bond and equity issues, and some clever FX risk management. It adds up to a corporate finance deal that GKN can be proud of.
UK loans above £750m: Melrose
Last year, FTSE 100 group Melrose snapped up meter business Elster, financed by a large rights issue and plenty of debt.
European loans above £750m: Iberdrola
Spanish energy group Iberdrola faced a difficult challenge when it tried to refinance a €1bn facility, so it offered its banks menu-style options.
UK or European loans below £750m: Tom Tailor
German fashion retailer Tom Tailor secured complicated, multi-faceted finance
arrangements to support an acquisition and fund future growth.
UK treasury team of the year (market cap above £2bn): SABMiller
SABMiller started 2012 with a huge, in-demand bond issue. It then leveraged ‘skill and scale’ by rolling out regional treasury centres.
UK treasury team of the year (market cap below £2bn): Motability Operations
A small treasury team that didn’t exist a few years ago put its foot on
the accelerator to deliver transformational change and refinancing.
European treasury team of the year: Linde
The treasury function of German industrial gases producer Linde is agile and innovative when it comes to managing risk.
Judging process
The Deals of the Year Awards Panel comprises a group of experienced market practitioners from across the spectrum of treasury, risk and corporate finance. The Panel give full consideration to all nominated deals and use the criteria noted below to select the winners of each category, plus an overall winner. It also draws up the shortlist for the Corporate Treasury Team of the Year.
