The average purchase price for large corporate LBO deals is still well below the large-scale deals struck during the buyout boom, but select mega deals are resurfacing. The average purchase price year to date for large corporate LBO deals is around $1.8 billion, slightly behind 2014 levels of $1.9 billion, but far lower… Subscribe to
When we first began distributing middle market loans (in the waning days of the Reagan Administration), the concept was novel. Back then money-center banks underwrote and syndicated mainly large corporate loans to other relationship banks. Smaller deals were mostly self-arranged, club affairs among regional banks and finance companies. Ironically the world of middle market loan…
This week we continue our conversation with Josh Lerner, the Chair of the Entrepreneurship Unit and the Jacob H. Schiff Professor at Harvard Business School. He has recently been named one of the 100 most influential people in private equity over the past decade by Private Equity International magazine. He currently serves as Vice Chair…
Since August’s market volatility, more post-launch pricing changes have been investor-friendly.
Global PE Cash Flows for 2015 Already Strong In the first quarter of 2015, private equity firms worldwide have already distributed $168.2 billion back to their limited partners, while calling down $114.3 billion. Those two sums combined produce a net cash flow for 2015 of $53.9 billion already, no less than 32% of last year’s…
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Puerto Rico’s (PR) development bank successfully made a $354m debt payment this week, closely staving off defaulting on its GDB bonds. PR’s 8% 2035 GO bond saw its price climb 2.5pts to 75.00 (cash basis to par) according to Markit’s municipal bond pricing service. The jump marked a new two… Subscribe to Read MoreAlready a
While most Americans were in the midst of Thanksgiving preparations last week, Amazon founder Jeff Bezos was making space history. In the first successful test flight of a rocket with all reusable parts, the New Shepard booster landed four feet from where it had taken off on the plains of West Texas. Next step: human…