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Record fundraising in 2025 has left private lenders fighting for deals
Long seen as adversaries, banks and private credit lenders are getting used to working together
Fahy will also lead asset-based finance origination
Direct lending default rates tick higher amid notable distressed situations
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The world’s largest salt producer, K+S AG, has signed its first Schuldschein, a €600m deal.
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IZAC, a French men’s clothing brand, has issued a €12m European private placement with the support of the Novi 2 fund.
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HLD Europe, a small and recently founded private equity firm incorporated in Luxembourg and backed by wealthy French investors, will raise up to €40m through a debut five year Euro private placement.
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German airline Lufthansa boosted its latest Schuldschein to €475m, pulling big tickets from Chinese banks, while two debut UK issuers set out to test the market.
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BMW Finance, in a push for funding diversity as its financing needs rise, has issued its first Hong Kong dollar MTN for months.
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Pan-European issuance of corporate private placements nearly doubled to €13.8bn in 2015 from €7bn in 2014, according to Standard & Poor’s.