TheLeadLeft
The Pulse of Private Equity – 6/28/2021
A snapshot of global buyout multiples PitchBook’s latest analyst note, released tomorrow, takes a close look at buyout multiples across the IT, healthcare and consumer spaces. The pandemic had material and divergent impacts on IT and consumer—the 2020 median multiple for IT rose to 20.1x, up almost five turns from 2019’s median of 15.3x. IT…
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Debtwire Middle-Market – 6/28/2021
Green/ESG high yield bonds issued by US corporates trade up in secondary Source: Dealogic, Markit Green and environmental, social, and corporate governance-linked high yield bonds issued in US dollars have taken off in the first half of 2021 as more issuers opt to adhere to the Green Bond Principals in order to tap into a…
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LevFin Insights: High-Yield Bond Statistics – 6/28/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 6/28/2021
North American PD deal value rebounds to pre-pandemic levels North America has seen 352 deals in private debt with an aggregate deal value of $71.2bn so far in 2021. Although this is just under half of the 766 deals that were completed in 2020, last year’s aggregate deal value was just $78.5bn, despite a strong…
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PDI Picks – 6/28/2021
Private debt warms up in the Middle East Sovereign wealth interest is becoming apparent as one of the world’s nascent debt markets shows signs of growth. As a relatively new asset class, private debt remains heavily undeveloped outside of North America and Europe. For investors looking to diversify outside of these regions and gain emerging…
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Covenant Trends – 6/28/2021
% of Loans that Cleared with an MFN Sunset (Past performance is no guarantee of future results.) Contact: Steven Miller
Reorg Credit Intelligence – 6/28/2021
CP Holdings Seeks to Run Sale Process With Stalking Horse/DIP Lender Tor Asia Credit Master Fund, Prepetition Lender Under Debtor-Guaranteed Loan Dallas-based CP Holdings LLC and Pacrim U.S. LLC, which wholly own 47 nondebtor subsidiaries that operate 10 rural assisted living and memory care facilities in Alabama and Texas, filed for chapter 11 protection on…
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