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PE and Supply Chains
Even in normal times, private equity sponsors pay ruthless attention to cost structures of portfolio companies. Covid has raised to new levels the challenges buyers have managing supply chains. “Eighteen months ago, Covid was a top-line issue; now it’s mostly a cost issue,” one partner told us. “We can pass price increases along, but with […]
LevFin Insights: High-Yield Bond Statistics – 10/4/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Supply Chain Blues (Last of a Series)
Last fall, the Harvard Business Review examined Covid’s impact on supply chains [link]. The pandemic, they wrote, “exposed vulnerabilities in the production strategies and supply chains of firms just about everywhere,” The study also presciently identified “the growing electronics content in modern vehicles” as a potential bottleneck. Today we are witnessing how the shortage of…
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Chart of the Week: Delivering the Goods
Increased bottlenecks from Covid-related issues have extended expected lead times.
Covenant Trends – 10/4/2021
Average New-Issue Clearing Spreads (Single B) and Covenant Terms for PE-Backed First-Lien Institutional Loans (Past performance is no guarantee of future results.) Contact: Steven Miller
PDI Picks – 10/4/2021
The challenge of meeting ESG ambitions Sustainability is increasingly being factored into investment decisions, but there is little uniformity in approach. Everyone can agree that taking environmental, social and governance issues into account is now a greater priority for private debt fund managers than it has ever been in the past. But questions remain over…
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Loan Stats at a Glance – 10/4/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com