October LBO financing conditions show strength, despite mixed pricing outcomes in bifurcated market With more than US$32bn of LBO term loan B issuance successfully placed in 3Q24, LBO financing activity has emerged similarly strong in 4Q24…. Subscribe to Read MoreAlready a member? Log in here...
(Past performance is no guarantee of future results.) Contact: Eric Rosenthal eric.rosenthal@kbra.com
Challenging financing conditions and macroeconomic disruptions have ushered in a period of lackluster M&A activity the last few years. Sellers are reluctant to realize investments at what are perceived to be depressed valuation multiples. Buyers meanwhile are wary of overpaying and unwilling to meet sellers at multiples of a bygone era. The resulting valuation gap…
In the absence of M&A activity, PE portfolio companies are held for extended periods. Source: PitchBook(Past performance is no guarantee of future results.)
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Hard-won gains can be retained Read PDI’s Report: LP Perspectives 2024 report Read PDI’s Report: LP Perspectives 2024 report Respondents to a PDI survey believe that private debt will not easily give up the share it has won at the larger end of the market. In 2022 and 2023, as talk of private debt being…
Experience matters. Leaders with years of navigating through many economic, business and market cycles have learned how to shake the shock and ride the wave of change without losing their balance. Yes, the risks of falling are greater. And failures can have consequences beyond the local or regional, as CrowdStrike demonstrated. But so are the […]
Carveouts/divestitures as a share of all US PE buyouts by quarter Download PitchBook’s Report here. Carveouts accounted for 11.7% of all US PE buyouts in Q3 2024, a rebound from the decline to 9.1% in Q2…. Subscribe to Read MoreAlready a member? Log in here...
Industrial strength: surging volumes and falling costs signal robust 2024 DebtDynamics North America Volumes in the industrials, agriculture, and chemicals sectors have seen a significant surge in the year to date (YTD) compared with 2023, driven by rising industrial demand and falling raw materials costs. Despite geopolitical tensions in the Middle East and China, the…