Mezzanine is back in a big way as the second lien and junk bond markets flounder, and providers of this form of intermediate debt are looking forward to a busy year ahead. Suzanne Weinstock reports on the North American scene and Toby Lewis on the outlook in Europe.
5 min read · 12 January 2013
Material adverse change clauses are in demand. Increasing tension between borrower and lender is the likely result, Mark Vickers points out.
3 min read · 12 January 2013
Michael Nicklin and Emma Malkin report on a painful novelty for lenders – the so-called ‘reverse staple’.
3 min read · 12 January 2013
The LBO bubble has burst, and in its place has arisen a vastly scaled down and more conservative market for private equity investments. Andy Thomson reports on the lack of liquidity, fears over the economy and where new opportunities lie.
10 min read · 12 January 2013
In India, almost half of the population don't have access to mains electricity – a fact that brings the activities of the country's new generation of infrastructure investors into sharp focus. Andy Thomson recently met with Michael Queen in London to find out more about 3i's ambitious plans for India as well as his thoughts about the broader infrastructure opportunity.
10 min read · 12 January 2013
Large buyout firms appear to be staging a muted comeback – doubling down on their own debt and helping ease bankers' pain. The internet has been buzzing with opinion on the merits or otherwise.
3 min read · 12 January 2013
The task of modernising India's notoriously bad infrastructure is finding many willing volunteers.
3 min read · 12 January 2013
The private equity ranks are being swelled by leveraged financiers.
5 min read · 12 January 2013
Large-ish deals are still possible – with more equity, less debt and a crowded negotiating table.
6 min read · 12 January 2013
Tougher times, tougher fundraising? Not if you're a European mid-market GP, it seems.
5 min read · 12 January 2013
