LevFin Insights: High-Yield Bond Statistics – 1/24/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
TheLeadLeft
Lead Left Presents: M&A Outlook for 2022 (Last of a Series)
Last week we held our first “Lead Left Presents” webinar attended by over 500 registrants. The topic, M&A Outlook for 2022, featured four top middle market investment bankers discussing what happened in the deal market in 2021, and what’s to come for 2022. Those who missed it can watch our replay [link]. In our previous…
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Chart of the Week: Prices and Demand
Inflation is spiking, but the drop in sales vs. production should ease prices.
The Pulse of Private Equity – 1/24/2022
PE a growing presence in M&A Download PitchBook’s Report here. PE deal flow accounted for 38% of global M&A transactions in 2021, a new high. That’s according to PitchBook’s Annual Global M&A Report, released this morning, which also showed a record year for M&A overall. Globally, 38,231 transactions were finalized last year, a 48% leap over…
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Covenant Trends – 1/24/2022
Percentage of First-Lien Loans Clearing with Key Covenant Terms by Quarter (Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence – 1/24/2022
Private debt funds positioned for busier year Aggregate private debt deal value declined 31% in 2021 after a record year in 2020. The differing rates of decline in the sub-strategies are an indication of managers’ risk appetites and deal availability. Senior tranche lending saw annual deal values and volumes down 28%, and in the riskier…
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Debtwire Middle-Market – 1/24/2022
Jumbo loan buy-out financings make up increased share of market in 2021 Source: Debtwire Par Leveraged loan and high-yield bond issuance backing buy-outs set a record in 2021, increasing 95% over the 2020 figure to USD 240.3bn. Leveraged loans accounted for USD 212.7bn of issuance, up 98% from last year, while HY bonds made up…
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