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As credit markets evolve and banks shift assets off balance sheets, specialist servicers play a pivotal role. For the second year running, the market has recognised Pepper Advantage as the leading servicer in Europe. GlobalCapital spoke to Group CEO Fraser Gemmell about the firm’s rapid growth, what’s driving demand and how AI is reshaping servicing.

TenneT Germany - the country’s largest transmission system operator - had a momentous 2025. The company entered the debt market for the first time, securing a colossal €12bn RCF that earned both Deal of the Year and Best Germany, Austria and Swiss Deal. As TenneT Germany prepares to drive forward Europe’s energy transition, GlobalCapital spoke to Director of Treasury & Investor Relations Ricardo Claußnitzer about the background to the RCF, the immense demand it received and the company’s plans for a bond market debut.