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Direct lenders take the initiative as banks step back
In recent weeks, private credit and direct lenders have brought more certainty to borrowers as capital markets were roiled by tariff chaos
Predictions 2025 would be a 'good vintage' dashed, but better deals could still advance
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The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
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Relief that the first European IPO after summer has grown in the aftermarket, though not without large concessions
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BNP Paribas took Pirelli and Citi took Renk as shareholders exited and trimmed stakes on Tuesday night
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The market has become crowded ahead of the US election
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Morale is high as investors say CLO managers should be able to navigate away from trouble, especially amid falling interest rates
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The books will open on Friday morning for the Spanish frozen bakery’s second attempt at a listing, with new cornerstone investor for small part of the deal
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