Middle market dominates for LBO activity with direct lenders stealing share from syndicated market
New Co/New Traditions! Join us for a half day on September 12th for our 24th Annual Loans Conference.
The middle market continues to remain a hot spot for LBO activity – however the numbers don’t always show it. Pre credit crisis (2004-2008), roughly 65-80% of syndicated LBOs financed were for middle market issuers as opposed to large corporate issuers. When looking at 2018, that figure has dropped to just 50% – a meaningful decline.