This week we chat with Tom Lesch, Director, Livingstone. Livingstone is a global M&A and debt advisory firm with six international offices including Chicago. Its core industry sectors include Business Services, Consumer, Healthcare, Industrial and Media & Technology. The Lead Left: Tom, it’s been a while since we last talked. What’s new at your firm?…
M&A loan volume gets another boost via $27B bridge; Pipeline north of $90 billion The M&A loan market – and more specifically investment grade lenders – got a nice boost in the form of a $27 billion bridge loan backing Anthem Inc.’s $54.2 billion acquisition of Cigna Corp this week. The announced… Subscribe to Read MoreAlready a
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
The all-important deadline of July 20 has passed without incident, Greece having redeemed its debt to the ECB with the help of a bridging loan. This doesn’t mean the crisis in Greece is resolved – far from it – but it does give the market some breathing space. We remarked last week that China may…
It’s that time of year again. We’re not referring to barbecues and Slip ‘N Slides, although both hot and liquid could be used to describe conditions in leveraged lending today. No, we mean it’s time to sit back and watch as dividend recaps come alive again. S&P Capital IQ’s Steve Miller had a great note…
This week we continue our conversation with John Brignola, managing partner, LBC Credit Partners. LBC is a leading provider of middle market financing solutions supporting sponsored and non-sponsored transactions. LBC has over $1.75 billion of capital commitments and has made over $3.2 billion in investments in a wide range of industries located throughout North America. Second…
Seller friendly market conditions have spawned a revival of dividend recaps, though volume is still short of the comparable period two years ago.
Secondary buyouts are down by value but consistent by volume. With news of First Data going public, it’s worth remembering how few 2006-2008 PE investments ended up transferring to other PE sponsors, at least $10B+ companies. Realistically, those buyouts needed to be exited via IPOs or, in some cases, through… Subscribe to Read MoreAlready a