German buyouts set new records

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As mid-market activity soars, debt funds continue their relentless advance and the banks have revived too.

One quick conclusion that can be drawn from the latest version of MidCap Monitor, published by investment bank GCA Altium, is that the German leveraged buyout market is in fine shape. The 102 successfully completed mid-market LBO financings (defined as between €20 million and €500 million) in the first nine months of 2021 represented a new record level of activity.