TheLeadLeft
Loan Stats at a Glance – 8/18/2014
Source: S&P Capital IQ Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
The Pulse of Private Equity – 8/18/2014
Secondary Buyouts – An Obvious Solution The above graph suggests that 2014 is set to decline in terms of secondary buyout deal (SBO) flow. If the pace set in the first half of the year continues, this year would represent an 11% fall from the robust 2013 levels…. Subscribe to Read MoreAlready a member? Log
Chart of the Week – 8/18/2014
Buyout Buckets Middle market LBOs typically outnumber their large cap counterparts, but that pattern has reversed, and midcap activity remains off 2012 levels…. Subscribe to Read MoreAlready a member? Log in here...
The Lead Left Picks: Your Summer Reading List
As we reach our end of August break, it is an annual tradition here at The Lead Left to give readers our recommended summer reading list. Based on our perusal of the best-sellers that went to the beach house in Quogue, or were pool-side at Watch Hill, or on blankets at the Cape, see below for our candidates…
Beach Blanket Bingo
How many readers remember this classic Frankie Avalon/Annette Funicello beach party vehicle from 1965? We think any movie with Buster Keaton, Don Rickles, and Linda Evans (as Candy Kane) in the same cast deserves special mention in a summertime column devoted to odd pairings. We also couldn’t help wondering what an updated version of that…
Chart of the Week – 8/11/2014
Got Covenants? Over half of all outstanding leveraged loans have no maintenance covenants, affording significant protection to those issuers in a downturn. Source: S&P Capital IQ LCD… Subscribe to Read MoreAlready a member? Log in here...
Markit Recap – 8/11/2014
We remarked last week that Banco Espirito Santo’s travails may test current CDS definitions, and so they did. But not in the way that we – or most market participants – expected. The Portuguese lender was split into a “good” bank… Subscribe to Read MoreAlready a member? Log in here...
The Pulse of Private Equity – 8/11/2014
More but Less More The private equity industry during the first half of 2014 has acquired 2.1 companies for every 1 company that was exited. The headline implication being that the number of companies owned globally by private equity investors continues to grow…. Subscribe to Read MoreAlready a member? Log in here...
Loan Stats at a Glance – 8/11/2014
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com