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...
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…
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…
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...
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...
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...
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
The percentage of LBO deals with leverage levels greater than six times is returning to 2007 levels. So far in 2014, LPC tracked 40 LBO (where deal details were available) deals or 55% of the total with total leverage greater than the regulators’ benchmark 6 times debt to EBITDA. … Subscribe to Read MoreAlready a member? Log