The return of the mid-market

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With the focus having been on larger deals last year, 2024 has seen more typical private debt activity make a comeback.

After a rocky two years, mid-market M&A activity looks set to finally rebound and lenders are reporting a bullish first half of the year. With interest rates hopefully on the way down, deal volumes picking up, syndicated loan volumes rising and a wall of dry powder waiting to be deployed, the deal pipeline looks likely to warm up.