Deals

The banks flex their muscles

The relentless march of alternative lenders is being challenged by an old foe that appears newly invigorated.

Larger issuers, global demand driving growth of private placement debt

John Wills of MetLife Investment Management charts the rise of a market investors are flocking to on an increasingly international basis.

Bank finance on the up as German LBO market revives

After something of a lull, German LBO deals have seen a surge as banks got behind add-on financings and re-financings in the third quarter.

Why secondaries deals are sparking to life

There are signs that a big potential source of dealflow may be starting to develop in the private debt market.

European transaction numbers dip as capital deployed on loans increases

Falling deal numbers have not hampered the rate of capital deployment which is set to reach record levels.

Mid-market lenders, banks more willing to push on leverage: Survey

As US federal leveraged lending guidance statutes have become a thing of the past, banks are showing a willingness to compete with direct lenders.

When one is better than two: Why unitranche trumps syndication

Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.

How Europe’s deal volumes stack up

The number of European private credit deals has more than doubled in just six years, with the UK still leading the pack, but France quickly catching up.

The changing focus of European private debt

A recent roundtable revealed managers have new strategic priorities and different sources of capital to target.

Golub Capital BDC shareholders sign off on merger

The combination with one of the firm’s private BDCs, expected to close later in September, will create one of the largest publicly traded BDCs.