TheLeadLeft
The New M&A (Third of a Series)
The challenges of COVID are making financing deals even trickier than normal. Top M&A bankers we have spoken with gave us their perspectives on what sellers and buyers should expect given all the uncertainty. “There are a lot of twists and turns today,” a mid-West managing director told us. “You may think the company you’re…
Already a member? Log in here
Chart of the Week: Buyout Bottom
In an inevitable result of COVID, middle market LBO loan activity slumped almost 80% from the previous quarter.
Debtwire Middle-Market – 8/3/2020
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Already a member? Log in here
Private Debt Intelligence – 8/3/2020
Real Estate Debt Fundraising Keeps Falling Debt as a real estate strategy has been growing in prominence in recent years; however, over the past two years it appears the appeal of debt has declined slightly and so far in 2020 it seems not to be increasing, in fact the COVID-19 pandemic has slowed the industry’s…
Already a member? Log in here
PDI Picks – 8/3/2020
Debt takes a larger slice of the pie A new survey shows private credit’s solid performance makes it an investor favourite. Private credit is expected to be the fastest-growing part of institutional investor portfolios, according to research from consultancy bfinance…. Subscribe to Read MoreAlready a member? Log in here...
Already a member? Log in here
Loan Stats at a Glance – 8/3/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
The Pulse of Private Equity – 7/27/2020
Europe slows down considerably Download PitchBook’s Report here. European PE activity hit a skid in Q2, as expected. According to PitchBook’s recently released Q2 European PE Breakdown, deal volume plunged to its lowest quarterly totals since Q3 2013. 650 transactions closed in Q2 for €79.8 billion, YoY declines of 31.5% and 18.7%, respectively…. Subscribe to Read
Already a member? Log in here
Leveraged Loan Insight & Analysis – 7/27/2020
US debtor-in-possession loan volume surpasses US$10bn so far this year Completed US debtor-in-possession (DIP) loan volume is on track to reaching the highest annual level since the Great Financial Crisis, as many companies have struggled during the Covid-19 pandemic. Already this year there has been over US$10bn in completed DIP volume across 23 deals, with…
Already a member? Log in here
