PDI Picks – 5/30/2022

European deals buffeted by adverse backdrop


Unitranche transactions in the region fell back in Q1 2022 as economic headwinds reverse the growth seen through 2021.

In its latest MidCapMonitor, Houlihan Lokey recorded 103 unitranche deals in Europe during the first quarter of the year, down from 143 seen in the final quarter of 2021. Despite the fall, activity is still considered strong judged by historic levels.