The U.S. is Behind Canada’s PE Surge Last week we talked about the sustained boom of Canadian PE activity, which outpaced U.S. deal flow by a wide margin between 2010 and 2014 (+148% versus +40%). Are Canadian firms finding more opportunities in their backyard?… Subscribe to Read MoreAlready a member? Log in here...
Asian corporates hold up during bond selloff The recent bond selloff in Europe and the US has led to corporate spreads widening, but Asian bonds have bucked the trend with long maturity bonds… Subscribe to Read MoreAlready a member? Log in here...
The BDC industry has shown explosive growth over the last ten years and it has resulted in business development companies becoming a large force in middle market lending. BDCs’… Subscribe to Read MoreAlready a member? Log in here...
Canada Keeps Climbing Canadian PE activity put together another solid first quarter, amassing about C$8 billion through 63 deals to start 2015. Both totals are slight declines YoY, but on the whole activity has remained robust…. Subscribe to Read MoreAlready a member? Log in here...
A weekend has passed since the UK’s general election, allowing time for investors to digest last Thursday’s surprising result. The victory confounded opinion polls, which had suggested another hung parliament. This uncertainty leading up to the election resulted in an increased level of volatility in the markets…. Subscribe to Read MoreAlready a member? Log in here...
Roughly one third of banks and non-banks polled at TRLPC’s 3rd Annual Middle Market Loan Conference last week reported that sponsored M&A deal flow will most likely not materialize over the next two months. The percentage grew to 36 percent of respondents expecting that deal… Subscribe to Read MoreAlready a member? Log in here...
The latest numbers for U.S. private equity cash flows reveal just how successfully firms have taken advantage of recent exit opportunities. As of the end of 3Q 2014, PE distributions back to LPs were a huge $205.9 billion while contributions were a more modest $99 billion,… Subscribe to Read MoreAlready a member? Log in here...
It wasn’t so long ago – in fact, less than three weeks ago – that the big story in European financial markets was very low, or even negative, government bond yields. Germany’s 10-year bunds were trading below 0.05% in mid-April, while bonds in the eurozone’s periphery were quoted at significantly lower yields than the US…. Subscribe to Read
80% of 1Q Healthcare Buyouts were Add-ons Bain & Company did a recent study on healthcare investing, looking at investment trends from a breadth and depth perspective. Turns out that healthcare buyers, both strategic and financial,… Subscribe to Read MoreAlready a member? Log in here...
The average yield on first-lien institutional loans is in the 5.18 percent context so far in 2Q15, down from 5.78 percent in 1Q15. After widening above the 6 percent threshold in 4Q14, yields have declined this quarter as demand continues to outstrip supply in the leveraged loan market…. Subscribe to Read MoreAlready a member? Log in