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Global investors are turning to European private credit
Record fundraising in 2025 has left private lenders fighting for deals
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The buyout loan backing Advent’s acquisition of Evonik’s methacrylates business has struggled in the first round of syndication, with leads increasing the OID and targeting the wide end of guidance.
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Cinema company Vue International has relaunched the refinancing of its capital structure that was mooted last year. It wants to clear out sterling and euros high yield bonds and replace them with euro loans.
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Bank of America has handed Jeff Tannenbaum oversight of leveraged finance for Europe, the Middle East and Africa.
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UK broker finnCap Group has hired Graham Cooke and Krishan Raval from Royal Bank of Scotland and Livingstone Partners respectively.
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JP Morgan has appointed Xavier Bindel as co-head of technology investment banking for Europe, the Middle East and Africa, as it seeks to improve its capabilities in a brisk area of business.
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Bayer’s sale of its animal health unit ought to help a leveraged loan market where supply is still running short of last year’s total — and help loan investors compensate for M&A deals that have dropped out of this year’s pipeline.