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…
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Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
When it comes to the Italian banks, pessimists are not in short supply. Indeed, to be bullish on this sector could be considered contrarian, or even foolhardy, given its parlous state. Asset quality is the overriding problem – Italy’s banks have €360bn of non-performing loans on their balance sheet, about a third of the eurozone’s…
Private Debt Fundraising: Will the Momentum Continue This Year? According to Preqin’s Private Debt Online, the level of aggregate capital raised ($93bn) in the private debt industry in 2015 reached its highest level since 2008 ($99bn), with this momentum set to continue as we enter the second quarter of 2016. Twelve months ago, there were…