Top three spot for Clydesdale & Yorkshire Bank Corporate & Structured Finance as growth continues

Clydesdale & Yorkshire Bank Corporate & Structured Finance continues to rise up the ranks in the deals market, according to independent data from Experian Corpfin.

Figures for the first half of 2010 show that the bank’s Corporate & Structured Finance division is now number three in the UK in terms of the number of corporate refinancing deals it supports and number four for the number of M&A deals.

Despite being a relative newcomer to the deals market, CYB Corporate & Structured Finance has became an established force in supporting mid-market transactions and is fast gaining recognition for its funding capabilities in the corporate arena.

Paul Shephard, divisional director of Corporate & Structured Finance, said: “The bank has remained open for business during the downturn and has won the respect of both advisers and businesses for its consistent approach. Over the last few years we’ve been steadily rising up the rankings in the deals market and these latest figures show that we are continuing to close the gap with the big banks.

“In particular they highlight the increasingly active part we are playing in corporate refinancings. We look forward to rising further still in the next few years as we significantly boost our investment in the UK market.”

The Corpfin figures show that in terms of refinancings, in the first half of the year CYB Corporate & Structured Finance came in third position by volume after Lloyds and RBS, supporting 15 deals worth £727m. This compares to 2009 when it came in sixth position, supporting 13 refinancing deals worth £457.

In terms of M&A deals, in the first six months of the year CYB Corporate & Structured Finance was in fourth position by volume, after Lloyds, RBS and HSBC. It supported seven deals worth £58m during the period. In 2009 it was in joint third place, having backed 15 deals worth £312m.