This week we chat with Paul Peterson, a managing director at Wind Point Partners. Wind Point Partners is a private equity investment firm that with a strategic focus on facilitating leadership transitions by partnering with top caliber executives to acquire middle market businesses with a clear path to value creation. Since its founding in 1984,…
First-Time Private Debt Fundraising As the closed-end private debt industry grows in size and prominence, new fund managers continue to launch new vehicles in order to take advantage of increasing investor appetite and attractive investment opportunities. However, with the private debt fundraising… Subscribe to Read MoreAlready a member? Log in here...
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Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Back in July 2010, not long after the first Greek bailout, results of stress tests conducted by the Committee of European Banking Supervisors (the predecessor of the EBA) were released on the EU’s banks. They didn’t make for happy reading. Seven institutions failed, and they were required to raise additional capital to reach the 6%…
Contact: Steven Miller smiller@covenantreview.com
The setting was Arlington Park, a storied horse racing venue about a forty-five minute Uber ride northwest of Chicago. We had just lost $50 on a “sure thing” in the 5th race, though we should have been suspicious with a horse named Diminishing Return. The summer gathering there was hosted by one of the leaders…
Middle market sponsored volume for the first six months of 2016 was the lightest in seven years. Source: Thomson Reuters LPC
The PE-backed LBO market continued to remain inflated and aggressive in 2Q16. The average purchase price multiple on large corporate LBO deals was elevated at 11.3 times while middle market deals also saw lofty valuations at 9.7 times. Historically middle market LBOs exhibited average purchase price multiples closer to… Subscribe to Read MoreAlready a member?