Low interest rates have helped fuel M&A activity, so it is no surprise that several large transactions have been announced in recent months. But it’s not always the market that determines deals. Governments and regulatory bodies also have a part to play, as we saw with the collapse of the Comcast bid for Time Warner Cable…
The Decline of Platform Buyouts We’ve talked previous about the decline of platform buyouts, as add-ons rise and competition from strategic acquirers makes platform targets more expensive from a valuation perspective. While that’s still undoubtedly true,… Subscribe to Read MoreAlready a member? Log in here...
In 1Q15, higher yields in the leveraged loan market were apparent in both the large corporate and institutional middle market. However, data submitted to LPC from middle market lenders for smaller club sponsored deals indicated that pricing continued to… Subscribe to Read MoreAlready a member? Log in here...
Earnings season has started strongly with most firms beating expectations, but Greece’s uncertain status within the eurozone continues to dampen positive momentum. The latter part of the last sentence is all too familiar to market participants,… Subscribe to Read MoreAlready a member? Log in here...
U.S. Middle Market Shows No Signs of Slowing PE picked up where it left off in the middle market, notching 418 deals in the first quarter for a combined $69 billion. Both totals are in line with typical quarter numbers in 2014, which turned out to be a record year…. Subscribe to Read MoreAlready a
Yields on institutional term loans have inched higher so far in April, after dropping in March. The average yield, assuming a three-year term to repayment is 5.66 percent in April, up from 5.28 percent in March. Still April levels are below the 6 percent threshold,… Subscribe to Read MoreAlready a member? Log in here...
European corporate credit risk shrinking ITRAXX-Europe 5-yr spread lowest since December 2007 Volatility in Europe’s credit markets has dropped since QE announcement European markets unfazed by neighbouring Greek and Ukraine problems…. Subscribe to Read MoreAlready a member? Log in here...
Data drives the finance industry. Private equity is no exception – once the calendar flips to January 1, we tally the industry’s annual total and compare it to… Subscribe to Read MoreAlready a member? Log in here...
It was not an auspicious start to the year for ABL lenders. At under$20 billion 1Q15 asset based loan volume was down 13 percent year over year. On a deal count basis, the news was oddly mixed – with 51 credits… Subscribe to Read MoreAlready a member? Log in here...
The macro picture has dominated the credit markets in recent months, but the low interest rate environment is creating conditions ripe for M&A activity and single name stories. This week saw FedEx buy Dutch rival logistics firm TNT Express for an agreed… Subscribe to Read MoreAlready a member? Log in here...