Select Deals in the Market – 6/20/2016
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The Pulse of Private Equity – 6/20/2016
Closing times indicate divergence in company quality In the first quarter of 2016, most private equity transactions still took between 10 and 14 weeks to close, accounting for 31% of deals completed during that timeframe. However, as illustrated above, the portion of deals that closed in 15 to 20 weeks shot up to near 25%…
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Preqin Private Debt Intelligence – 6/20/2016
Private Debt Dry Powder: Regional Contrasts The amount of capital available to private debt fund managers varies hugely in different parts of the world. In H1 2016, managers focusing on North America and Asia have both seen dry powder reach record levels, while Europe-focused… Subscribe to Read MoreAlready a member? Log in here...
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Loan Stats at a Glance – 6/20/2016
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Middle Market Deal Terms at a Glance – June 2016
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Markit Recap – 6/13/2016
Falling government bond yields across Europe have meant investors have been rewarded with impressive returns so far this year. One country however, continues to lag. Portugal has seen its credit risk hover at elevated levels and its government bonds have produced negative returns this year. Credit investors have been treating Portugal with increasing scepticism since…
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Smooth Sailing
In what was described as a series of events in which “several things went wrong,” a 230-foot long replica of Noah’s Ark plowed into a Norwegian patrol boat last week. The collision cut a gaping hole in the side of the bible boat, leaving the owner distraught. “It’s an awful dream, to have an accident…
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Leveraged Loan Insight & Analysis – 6/13/2016
Secondary market oil and gas loan prices have continued to climb recently in tandem with higher oil prices. Oil and gas loans are now up over 16 points from their February low, though their average bid is still a relatively low 70 cents on the dollar. There is also a wide variation in prices across…
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The Pulse of Private Equity – 6/13/2016
Core-middle-market buyout multiples slide in Q1 2016 Between the end of 2015 and the first quarter of 2016, median buyout multiples for the central middle market slid considerably. Calculating multiples by enterprise value over EBITDA, and then breaking them down by enterprise values from $25 million to $250 million, reveals a decline from 8.6x in…
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Chart of the Week: Round the Horn
US interest rate policy is captured in a feedback loop as Fed lets exogenous worries undermine future action. Source: BofA Merrill Lynch Global Research, The Daily Shot