Lloyds Bank Commercial Banking’s acquisition finance division has appointed Eric Jenkins as a director.
The experienced hire supports the bank’s offering to private equity firms and corporates targeting buyouts and refinancings in the large deals segment (EUR500m plus of debt), including those transactions funded via the high yield bond market.
Jenkins, who has more than 15 years’ high yield and leveraged loan product experience, joins from Morgan Stanley where he spent seven years in leveraged and acquisition finance. Working across the business’ London and New York offices, he led the origination and execution of a number of high profile corporate and sponsor-led financings in the US and Europe. He has also held roles with Deutsche Bank in the US and Hong Kong.
In his new role Jenkins will work alongside other Lloyds Bank teams, including loan syndicate and high yield capital markets, to originate and execute high yield financings and leveraged loans to support sponsor-led financings in the UK and Europe. He will report to managing director David Whiteley.
Jenkins says: “Lloyds Bank has emerged as a leading provider of leveraged debt for larger private equity-backed transactions and is increasingly securing senior roles in high yield financings, having invested to grow its offering over the last three years.
“As part of the acquisition finance team I look forward to helping large corporates and their sponsors across the UK and Europe to realise their growth ambitions.”
Whiteley says: “Eric’s experience working in the high yield financing markets as well as the European leveraged loans arena will prove vital as we aim to build on our strong position in the large deals segment.”
