The majority of banks surveyed reported little change in the last three months with only 13 percent of domestic banks reporting easing terms to larger firms, according to the latest Federal Reserve Senior Loan Officer Opinion Survey. This is up slightly from 10 percent at this time… Login to Read More...
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Spain is often held up as an example of how austerity works, and Markit data published on August 5 provides some support to this view. Markit PMIs for August showed that Spain was leading the way in the eurozone’s economic expansion. There are major questions over the country’s labour market – unemployment remains at stratospheric…
News last month that the New Horizons spacecraft zipped by the former planet Pluto at 36,373 mph, snapping pictures as it went, drew raves from the rocket science community. Our attention was taken by one ironic fact: the probe’s generator runs on plutonium. Rare elements were much on our mind as we’ve tracked the paucity…
One consequence of higher purchase price multiples is more cash equity as a share of buyout capital. Equity contribution for middle market institutional LBOs Source: Thomson Reuters LPC
Another big year in the works The U.S. middle market is heading toward another big year. Through H1, 895 deals worth a combined $159 billion have closed, not far off the pace of last year’s records. This despite another jump in median purchase price multiples, which hit 10.5x through the end of June. Valuations have risen… Login
After a temperate first half, buyout deals to hit market in 3Q15 are pushing the boundaries with regards to leverage levels. Although deal flow remains light, large corporate LBO leverage levels have risen to 6.3 times so far in 3Q15, up from 6.01 and 5.99 times respectively in 2Q15 and 1Q15. The upward trend is driven by…
This week we continue our conversation with Tom Lesch, Director, Livingstone. Livingstone is a global M&A and debt advisory firm with six international offices including Chicago. Its core industry sectors include Business Services, Consumer, Healthcare, Industrial and Media & Technology. Second of two parts – View part one The Lead Left: Last year we saw how the…