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Claim that fees put off institutional investors denied
Liquidity event at American manager comes at fraught time for industry
No one is sure when AI's threat will strike, or where
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Shares in Fugro, the Dutch geo-data specialist, rose by over 7.5% in trading on Wednesday after the company set terms for a €197m rights issue. The cash call is part of a comprehensive refinancing package that finally resolves longstanding issues around debt maturity. -
BC Partners-owned advanced ceramics company CeramTec has issued an add-on to its term loan 'B', raising another €175m — enough to push its senior secured rating down into the single-B category. But the opportunistic move to raise new cash will give the company firepower for future M&A.
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Moody’s has changed its outlook on the EMEA corporate sector from negative to stable, though lenders say they are still on standby for another deluge of financing requests if the economic recovery is scuppered.
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Mid-market firm CapVest won the auction to buy software provider Datasite with a unitranche loan in October, and it is now taking out the senior layer with a public syndication to firm up the financing on better terms. It's a deal that combines the strengths of public and private funding.
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PGIM has hired Steve Logan as a senior portfolio manager in its European leveraged finance operations.
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US direct lender Owl Rock has hired its first employee in London, as it seeks to develop its business in Europe.
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