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Markit Recap – 11/14/2016

By THE LEAD | November 17, 2016

We noted last month that realised volatility in the European investment grade CDS market, as measured by the Markit VolX index, was at its lowest for two years. By the end of October, volatility had dipped to 18%, which was the lowest level since the heady days of June 2007. A number of future events were mooted that had the potential to trigger market uncertainty, including next month’s Italian referendum.

But a victory for Donald Trump in the US presidential election was viewed by most as a highly unlikely occurrence. Spreads rallied in the run up to the vote, with the Markit CDX.NA.IG tightening from…

Middle Market Deal Terms at a Glance – Nov 2016

By THE LEAD | November 15, 2016

Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com

Stat of the Week: U.S. Presidential Elections Voter Turnout

By THE LEAD | November 15, 2016

Select Deals in the Market – 11/14/2016

By THE LEAD | November 15, 2016

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The Art of the Add-On (Fourth of a Series)

By THE LEAD | November 14, 2016

Last week we began a check-list sponsors tick off when sifting through acquisition candidates for their platform companies. Many items…

Breaking Away

By THE LEAD | November 14, 2016

Middle market LBO volume was up 43% for the third quarter, far outpacing the number of add-ons, dividend recaps, and refinancings.

Private Debt Intelligence – 11/14/2016

By THE LEAD | November 14, 2016

Europe- and North America-Focused Real Estate Debt Funds

Real estate debt has seen considerable growth within European markets over the past few years and fundraising grew significantly from €0.5bn in 2012 to €4.3bn in 2015, while a further €3.7bn has already been secured in 2016 YTD. Nonetheless, North America-focused fundraising still dwarfs that of Europe, with funds already raising a record €12.3bn in 2016…