Top section
Top section
The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
More articles
More articles
More articles
-
A pair of CLOs that were priced in the last week have hit 101bp over Libor for the senior class, a post-crisis record for a market that observers say still has room to run. -
Private equity firm 3i is taking advantage of bullish conditions in the leveraged loan market to launch its fifth dividend recapitalisation of Action, the Dutch non-food discount retailer it bought in 2011.
-
Asia’s capital markets have started the year with a bang, but a market this good can’t last forever. The steady supply of new deals coming out at increasingly tight levels is a sign of clear frothiness in the market. Just take a look at the investor enthusiasm for low-rated Indonesian deals for an example of how bullish investors have become when they should be thinking twice.
-
Chinese company Shandong Linglong Tire Co has chosen dollars and euros for its maiden overseas fundraising.
-
Recent heavy supply in the Asian dollar bond market has found its first victim in Yango Group Co, which called off a planned $250m deal on Monday. While the Chinese developer’s high leverage raised some concerns, volatility in US Treasuries also played its part in the underwhelming demand.
-
A recent syndication for Omani borrower Bank Sohar made market observers take notice, thanks to the presence of Axis Bank at the top group, reflecting Indian banks’ rising eagerness to provide liquidity for foreign currency deals. Yet the country rarely features in the roadshow schedule for fundraisings — an oversight that banks should rapidly correct.
Sub-sections
shared comment list
