Pressure builds in strong levfin pipeline

By Owen Sanderson
07 Jan 2021

Bankers are readying a fat pipeline of new primary projects in leveraged finance, which are likely to meet a deep swell of investor demand — with P2Ps, carve-outs, acquisitions and secondary deals all ready to be distributed in the first quarter, thanks to a reviving M&A market in the second half of last year.

M&A announcements gathered pace rapidly after Covid-19 vaccinations enjoyed successful trials in November, with multi-billion sponsor deals including Nexi’s purchase of Nets, Towerbrook’s take-private of AA, PAI’s secondary buyout of Apleona, EQT’s bid to take Recipharm private, Blackstone’s approach to Signature Aviation plc, and the £3.8bn battle to ...

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