UK remains hot spot for European direct lenders despite Brexit risks

By Karoliina Liimatainen
21 Nov 2019

Credit fund money is flooding into UK companies, despite a shaky economy and prolonged uncertainty surrounding the country’s exit from the EU. Less popular markets such as the Nordics present expansion opportunities, but the UK has consistently been the top location for private debt deals.

Large alternative lenders such as Ares and CVC have been pouring money into UK companies, filling in the gap that some of the more cautious banks, worried about the consequences of Brexit, have left in the leveraged finance market.

CVC’s head of European private debt, Neale Broadhead, is bullish ...

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