PE Firms Looking Lower for Value As prices remain stubbornly high in many cases, a surge in overall private equity deal value in the reaches of the U.S. lower middle market is not wholly unexpected – on a quarterly basis, deal value was up by over 80% from 4Q while transactions jumped 14% in number….
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Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
Brazil leads as credit risk in Latam region recedes Brazil’s 5-yr sovereign CDS spread has tightened to its lowest level since last August Peru, Chile and Colombia have all seen a 35% tightening in sovereign credit spreads Markit iBoxx USD Emerging Markets Corporates LatAm Index has returned 7.7% this year Credit markets reacted positively after…
The question surrounding the leverage loan pipeline involves many factors. We’ve discussed some of them, including regulatory bank hurdles, uncertainty surrounding the economy, and hesitation by private equity sponsors to pay high multiples. Several readers weighed in with their own perspectives on the slowdown. “First quarter always has some degree of seasonality,” the CEO of…
With purchase price multiples high, sponsors have sold or taken public more than 2500 portfolio companies since 2014. Quarterly US PE Exit Activity Source: PitchBook
Exploration and production companies continue to feel the crunch from low oil prices, which began their slide in mid-2014. While oil prices have rebounded from this year’s February lows, the uplift is facing major headwinds as OPEC members and Russia recently announced they wouldn’t freeze production. Many companies have filed for bankruptcy and more are expected…
This week we continue our conversation with Stephen Lewis, Managing Director, Headwaters MB. Headwaters is a middle market focused investment bank. Steve’s focus is cross border debt capital markets. Second of two parts – View part one The Lead Left: You mentioned there are still quirks in the European legal system. Stephen Lewis: There’s still no…
Will 2016 Record More Add-ons Than Last Year? As a proportion of overall U.S. buyout activity, add-ons have gone from strength to strength. But the latest quarterly numbers have topped them all. In the first quarter of 2016, add-ons comprised 68% of all private equity buyout activity. While this percentage will likely decline as the…