Chart of the Week – Labor Pains
While the headline unemployment rate falls, the count of underemployed Americans tells a more sobering story.
TheLeadLeft
Lead Left Interview – Ian MacTaggart and Joan McCabe (Part 2)
This week we continue our conversation with Ian MacTaggart, President & COO, and Joan McCabe, Managing Director, Brynwood Partners. Founded in 1984, Brynwood Partners is a controlled oriented, operationally-focused lower middle market private equity firm that is consumer sector focused and has established a strong niche in the corporate carve out sector. Brynwood is currently…
Already a member? Log in here
Markit Recap – 10/6/2014
We remarked last week that volatility had returned to the credit markets, and the spread oscillations this week suggests the trend is set to continue. However, this was no typical period for CDS.The vast majority of indices rolled on October 6th, later than the scheduled date of September 22nd, due to delays in adherence on…
Already a member? Log in here
The Pulse of Private Equity – 10/6/2014
Deal Flow Continued to Decline in 3Q PE deal flow in the U.S. continued to subside through 3Q. 588 deals were completed last quarter totaling $110.1 billion in capital invested. Deal flow is down 27% from the first quarter and capital invested declined 23% in the same period.One of the major culprits for both decreases…
Already a member? Log in here
Loan Stats at a Glance – 10/6/2014
Source: S&P Capital IQ Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Leveraged Loan Insight & Analysis – 10/6/2014
Banks appear to be getting a bit more comfortable with leverage on middle market sponsored deals post their SNC review this year. Every quarter, Thomson Reuters LPC asks banks what is their maximum leverage cap for middle market sponsored-backed deals…. Subscribe to Read MoreAlready a member? Log in here...
Already a member? Log in here
What’s Leverage Got To Do With It? A Response
It was unavoidable, we suppose, that a retired senior bank credit officer would be compelled to respond to our previous column. High debt-to-ebitda leverage, we asserted, was misleading and should be viewed in context of other considerations. Though preferring anonymity, this self-described “credit dinosaur” has been known to us for decades as an experienced participant…
Already a member? Log in here
Chart of the Week – Sector Watch
Middle market issuance this year for second liens is skewed to higher growth industries, with technology leading the way. Source: Thomson Reuters LPC… Subscribe to Read MoreAlready a member? Log in here...
Already a member? Log in here