Middle Market Deal Terms at a Glance – May 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
TheLeadLeft
Covenant Trends – Average EBITDA Adjustment Cap for Synergies & Cost Savings
Contact: Steven Miller smiller@covenantreview
Two Way Street
“We can do this the easy way or the hard way.” “What’s the hard way?” “It’s harder. It’s harder than the easy way. That’s what I know.” This classic exchange between Benicio Del Toro and Alicia Silverstone in the otherwise forgettable 1997 comedy Excess Baggage came to mind as we followed recent developments in the…
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Lead Left Interview – David Brackett
This week we chat with David Brackett, Managing Partner and Co-CEO, Antares Capital. Founded in 1996, Antares is a premier credit solutions provider to middle-market, private-equity backed companies. Download Antares’ Report: “2017: Leading with optimism in times of uncertainty” here The Lead Left: David, thanks for making time for us. And congratulations to you and your…
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Debtwire Middle-Market – 5/15/2017
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield This month’s edition of the Debtwire Middle Market Junction podcast focuses on the mid-cap supermarket space following the recent bankruptcies of Central Grocers and Marsh Supermarkets. Topics covered include a behind the scenes look on what’s affecting smaller grocers, as well…
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Chart of the Week: Six is Rich
The share of middle market buyouts leveraged over six times reached all-time high of 40%; large caps over 60%.
Select Deals in the Market – 5/15/2017
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The Pulse of Private Equity – 5/15/2017
Cyclicality of PE industry coming to bear? View PitchBook’s 2017 Global PE & VC Fund Benchmarking Report: Part II Here From the rhythmic ebb and flow of the tide to the mysterious circadian patterns within each human, the world is governed by cycles. When it comes to private equity investment and fundraising, multiple separate cycles…
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Private Debt Intelligence – 5/15/2017
Private Debt Investment Consultant Outlook In November 2016, Preqin conducted a survey of 49 alternative investment consultants in order to determine their sentiment on the private debt asset class, and their regional, structural and strategic preferences for the coming year. Investment consultants identified direct lending as the most promising private debt fund type heading into…
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