NASA announced last Friday that Curiosity has finally arrived at its destination. The Martian rover took two years to drive from its landing spot to Mount Sharp – a distance of about ten kilometers – where it will begin the bulk of its scientific experiments. We’ve calculated that this leisurely pace, roughly 0.0003 miles per hour, is…
Stall Speed Issuing spreads for leveraged loans have firmed, causing a slowdown in dividend recaps and repricings for the third quarter. M&A-related volume is off 20% over last year…. Login to Read More...
The United Kingdom may be on the verge of breaking up, but the credit markets are either sanguine about Scotland gaining independence or discounting the possibility altogether. Spreads have widened since a poll earlier this month indicated the ‘Yes’ camp had a slender lead in the polls…. Login to Read More...
Are Valuations Pushing Out Closing Times? PitchBook recently conducted a survey with Hilco Global of private equity deal terms and valuations…. Login to Read More...
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
The percentage of LBO deals with leverage levels greater than six times has returned to 2007 levels. So far in 2014, LPC tracked 46 LBO deals (where deal details were available) or 57% of the total with total leverage greater than the regulators’ benchmark 6… Login to Read More...
This week we conclude our conversation with Stephen Lewis, founder, Cross Border Strategies LLC. His firm provides advice to global middle market companies as they structure transactions internationally and assists those companies in sourcing the necessary financing. Second of two parts – View part one The Lead Left: Steve, last week we discussed how it’s easier…
This first appeared in Middle Market Growth, the official publication of ACG. Randy Schwimmer’s column, MidPoints, is a regular feature there. You can read MMG by clicking on this link. Who invented the airplane? Depends what you mean by “invent.” “Birdmen,” a new book by historian Lawrence Goldstone, describes how the Wright Brothers became so obsessed…