Private Debt Industry Puts Capital to Work The private debt industry has seen the growth in its AUM accelerate in recent years, and by December 2018 (our latest data available) funds held a total of $768bn in assets under management (AUM). The market is now more than three times bigger than it was ten years…
A PE fundraising lag is no cause for alarm Private equity had abnormally strong 2017 fundraising numbers, potentially depressing fundraising in the first half of the year. If capital raising for private equity is indicative of potential transactions for private credit managers, they could have hoped for a better number in the first half of…
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
We mentioned last week Apollo’s $1.8 billion financing for New Media Investment Group’s acquisition of Gannett & Co. It seemed like one of the largest non-bank buy-out deals ever. A banker friend of The Lead Left agreed: “You remember Ares’ Qlik deal in 2016.” she said. “That was a shock to the market when it…
The number of leveraged loans for buyouts over $1 billion has grown steadily since the Great Recession.
Industrial & Chemicals sector takes top spot in institutional loan & HY bond issuance Source: Debtwire Par The industrial & chemicals sector is the most active industry year-to-date in terms of both institutional loan and high yield bond issuance. On the institutional loan side, technology and business services are in the second and third positions,…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Aided by an increase in junior debt, total leverage on large corporate US LBO loans increases to 7x this quarter LBO activity in the US syndicated loan market remains robust this quarter. 3Q19 completed and in process LBO volume totals over US$23bn as new money deals continue to be a driver of leveraged lending. Meanwhile,…
