Deal activity surges, multiples tick up Download PitchBook’s Report here. At the halfway point, US PE dealmaking is on pace to break records. PitchBook’s latest US Breakdown Report is now released, which shows rocketing numbers through two quarters. Juxtaposed against those deal numbers, though, is a slight uptick in buyout multiples, which went up for the…
Direct lending remains popular in private debt As governments scale back pandemic support measures and interest rates remain low, private debt strategies are increasingly attractive. Over Q2 2021, direct lending attracted the most interest from investors, closing 17 funds and raising $19bn in commitments…. Subscribe to Read MoreAlready a member? Log in here...
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
When going green is not all it seems Investors are not convinced that ESG-friendly loans necessarily force managers to up their game. Private debt, it could be argued, has up to now occupied the back seat when it comes to environmental, social and governance issues. The expectation in sponsored deals has been that private equity…
U.S. Tobacco Cooperative Files Chapter 11 After Termination of Federal Tobacco Price Support Program Raleigh, N.C.-based U.S. Tobacco Cooperative, the “largest tobacco cooperative in the United States” and the “most vertically-integrated company in the industry, operating leaf receiving stations, green leaf threshing and redrying, primary blending, cigarette manufacturing, and wholesale distribution,” filed for chapter 11…
This week we continue our conversation with members of Lincoln International’s Capital Advisory Group, managing directors, Aude Doyen, Xenia Sarri, and Dominik Spanier. “US and Europe are competing markets,” Ms. Sarri told us. “The US was increasingly aggressive when I first came here, but six years later terms are more favorable in Europe. For instance,…
Lincoln’s illustrative terms for “reasonably strong” senior and unitranche credits are generally consistent by country.
Contact: Marina Lukatskymarina.lukatsky@spglobal.com