One of the most noted stories of the current loan market is the amount of investor cash that has re-entered the asset class since 2010. While it certainly has produced eye-catching frothiness, how does this liquidity compare with the definitional froth of 2007? In our just-published series on the role of CLOs in both past…
Despite all the talk of a “playground” in Europe for private equity buyers, we aren’t seeing the kinds of deal flow we might expect if we only read the headlines. We found a decline in buyout activity in the second quarter, which saw 261 control investments versus 332 in Q1. Second quarter deal activity didn’t…
This week we speak with Michael J. Hall, managing partner at Yukon Capital Partners. Yukon provides mezzanine capital to middle market businesses with a focus on deals controlled by private equity sponsors. The Lead Left: Mike, how long has Yukon been around? Mike Hall: In February, 2008, Bill Dietz and I left Norwest Mezzanine to start Yukon….
Secondary Buyout Activity Secondary buyout activity seems to be declining somewhat thus far in 2014, with only 230 recorded in the PitchBook Platform. 2013, in comparison, saw 486, and 2012 logged the current record of 514…. Subscribe to Read MoreAlready a member? Log in here...
What is the scariest sentence in the English language? If you’re a parent dropping off your four-year old at summer camp (as we did last Friday), a good candidate is, “Daddy, today we’re learning archery!” For bankers monitoring leveraged markets these days, it seems like the equivalent phrase of fear is, “We are back to…
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
Credit spreads in North America and Europe have been trading in a tight range throughout July, with investors waiting to see how earnings season unfolds. US banks are not the flavour of the month,… Subscribe to Read MoreAlready a member? Log in here...
Tale of Two Vintages By one measure – public-to-private buyouts – today’s market is non-existent relative to pre-crisis levels. But sponsor-to-sponsor deals and corporate spin-outs are at a record pace…. Subscribe to Read MoreAlready a member? Log in here...
This week we continue our conversation with Scott Gluck, counsel at Venable LLP. Venable is a law firm with 600 attorneys in nine US offices. Scott assists private equity funds on a variety of corporate, legislative and regulatory matters.Second of two parts – View part one The Lead Left : Is there anything of interest in the…