European banks are no strangers to unpleasant shocks. The latest came from Portugal, where Banco Espirito Santo (BES) came under pressure following news that the Espirito Santo holding company – BES’s largest shareholder – had run into financial difficulties…. Subscribe to Read MoreAlready a member? Log in here...
Despite all the talk of a “playground” in Europe for private equity buyers, we aren’t seeing the kinds of deal flow we might expect if we only read the headlines. We found a decline in buyout activity in the second quarter, which saw 261 control investments versus 332 in Q1. Second quarter deal activity didn’t…
Secondary Buyout Activity Secondary buyout activity seems to be declining somewhat thus far in 2014, with only 230 recorded in the PitchBook Platform. 2013, in comparison, saw 486, and 2012 logged the current record of 514…. Subscribe to Read MoreAlready a member? Log in here...
Credit spreads in North America and Europe have been trading in a tight range throughout July, with investors waiting to see how earnings season unfolds. US banks are not the flavour of the month,… Subscribe to Read MoreAlready a member? Log in here...
LBO volume is strong in 2014, already reaching $47 billion in 1H14 with a significant amount of deal volume in the pipeline. As private equity backed buyout activity accelerates, leverage levels have too…. Subscribe to Read MoreAlready a member? Log in here...
Credit spreads remain close to their recent tight levels, but the onset of earnings season could trigger a shift in sentiment…. Subscribe to Read MoreAlready a member? Log in here...
We have been pointing out the growing increase in Add-on activity for years, but it only continues to go up to new levels – so we will keep talking about it. In the first half of this year… Subscribe to Read MoreAlready a member? Log in here...
At $244 billion, 2Q14 leveraged loan issuance was down 14 percent from 1Q14 levels and a much higher 31 percent year-over-year. And for 1H14, leveraged lending of $527 billion… Subscribe to Read MoreAlready a member? Log in here...
High-yield bond issuance in Europe has outpaced leveraged loan issuance so far in 2014, inverting a trend that has stood firm in Europe for decades. High-yield bond issuance in Europe has hit $131.8 billion… Subscribe to Read MoreAlready a member? Log in here...
With a total of 483 U.S. deals being completed in the second quarter, private equity deal activity notched a decline of 35% from the first quarter. The decline in 2Q deal flow is likely the result of high purchase price multiples… Subscribe to Read MoreAlready a member? Log in here...