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Reorg Credit Intelligence - 5/31/2021

Solutions 30 Seeks New Investor; Stocks Plunge as EY Refuses to Sign Off 2020 Accounts French-listed outsourcing company Solutions 30 is in talks with investment banks as it seeks a new investor. The company said it could be taken private following its recent accounting issue with its auditor EY. The company published its unaudited 2020…

Private Debt Intelligence - 5/31/2021

Short term returns from private debt turn negative Pandemic support from governments and financial banks helped public equity markets to recover faster and more significantly than expected at the beginning of 2020. This dampened demand for private capital, with returns from private debt facing serious downward pressure over the past year…. Subscribe to Read MoreAlready

Covenant Trends - 5/31/2021

Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller

Inflation Worries: Real or Imagined?

The Federal Reserve is standing firmly behind its view that, despite April’s CPI increase of 4.2%, the highest since 2008, any inflation will be transitory. But some observers worry that pent-up consumerism will create inflation akin to the 1970’s. In a thought piece published last month entitled “Why Our Managers Disagree on Inflation, Interest Rates […]

Leveraged Loan Insight & Analysis - 5/24/2021

US syndicated middle market activity picks up the pace in 2Q21 At over US$26bn through May 19, US syndicated middle market volume is just US$3bn shy of 1Q21’s full quarter level. The big difference maker has been sponsored middle market volume, which totals US$10.6bn in completed volume this quarter, already besting 1Q21’s US$9.8bn level. LBO activity…

The Pulse of Private Equity – 5/24/2021

13.3% returns in Q3 Download PitchBook’s Report here. PE fund returns data continues to pour in, giving us a clearer picture of COVID’s impact in 2020. Finalized Q3 2020 data shows a 13.3% return, on a global basis, according to PitchBook’s just-released Global Fund Performance Report. That surpasses the 9.1% return in Q2, and between those…