Latest Private Equity news

• ‘No casualties’ in HY despite bulky pipeline, say bankers

  

  More than €3.5bn of high yield bond deals in euros, sterling and dollars were scheduled to close this week. Although some bankers described the pipeline as “crowded”, they expected market digestion to be ‘healthy’ ahead of quieter times.

  • 24 Apr 2018

• Amundi targets €300m levloan fund

  

  The speculative grade loan market is leading leveraged finance issuance in Europe again, as investors pour more cash into the asset class. This week, Amundi opened its new leveraged loans Europe 2018 fund for institutional investors.

  • 19 Apr 2018

• Unilever Spreads displays €1bn LBO bond in market for all sizes

  

  After selling €4.6bn of loans in March, Unilever Spreads unveiled the €1bn high yield bond portion of its leveraged buyout funding package on Wednesday. But as well as jumbo deals, other borrowers with smaller offerings are also vying for investor attention.

  • 19 Apr 2018

• SoftBank smooths IPO path with HY refi

  

  Japanese telecoms group Softbank opened the week in the European high yield market with a multi-billion refinancing deal to redeem its old 2013 bonds — and delete a covenant that could get in the way of its flotation.

  • 17 Apr 2018

• Borrowers drive €3bn B train into ruffled market

  

  European high yield bond issuers roadshowed for seven lower rated new offerings this week, leaving behind the quiet of the post-Easter recess. What followed was a vigorous tug of war over pricing and terms in which bankers and investors claimed different victories.

  • 12 Apr 2018

• Roaring direct lending funds Bertram

  

  Californian private equity firm Bertram Capital is combining its European portfolio company Anord Control Systems with UK firm Mardix. The move was funded in the direct lending market with a participation from arranger Barings.

  • 12 Apr 2018

• Levfin investors welcome cooler market

  

  Demand for high yield bonds and leveraged loans has become patchy, fund managers say, after several months of heavy issuance.

  • 11 Apr 2018

• Permira Debt Managers signs its seventh direct lending deal as market boom goes on

  

  This week, Permira Credit Solutions III (PCS3) signed its seventh investment this year, a credit line for the acquisition of Maxicoffee by Daltys. The direct lending market seems on course to surpass last year’s record numbers, said market sources.

  • 05 Apr 2018

• Investors welcome Elysium’s refi deal

  

  This week, Elysium Healthcare successfully refinanced the loan that backed its leveraged buyout by BC Partners, getting a bigger size and better pricing three months after the original deal was met with a lukewarm reception from investors.

  • 28 Mar 2018

• European levfin buyside gains momentum ahead of Easter feast

  

  European levfin investors are optimistic as the market heads into the Easter break, with buyers enjoying better pricing and terms even as issuers prepare to launch a fresh bout of speculative grade paper over the next few weeks.

  • 27 Mar 2018

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