News & Analysis as of

Acquisitions Investors Borrowers

Cadwalader, Wickersham & Taft LLP

Is Cash King? Deferred Consideration and Specie/in-Kind Transactions in the Context of Private Equity NAV Financings

Net asset value (NAV) facility documentation, at least in the context of private equity, has evolved to a large extent on the assumption that borrower funds will usually execute transactions in cash - paying cash on...more

Akin Gump Strauss Hauer & Feld LLP

2025 Perspectives in Private Equity: Private Equity Finance

After a subdued 2023 during which it was challenging for private equity (PE) to raise debt financing as a result of elevated interest rates and a difficult syndicated lending market, 2024 featured a material shift in the...more

White & Case LLP

US borrowers capitalize on repricing window

White & Case LLP on

Repricing issuance in US leveraged loan markets has surged in 2024, presenting borrowers with the opportunity to lower their financing costs - US loan repricing activity has approached near-record levels in 2024, with...more

White & Case LLP

European leveraged finance report: Revisiting the crystal ball

White & Case LLP on

At the beginning of 2024, the White & Case leveraged finance team made a series of predictions on how the leveraged loan and high yield bond markets would perform in 2024. After 12 months of softer markets in 2023, the...more

White & Case LLP

High-profile deals in European regulators’ firing lines

White & Case LLP on

Dealmakers are learning to navigate a stricter regulatory environment as UK and EU authorities take an increasingly interventionist stance Global dealmaking experienced a slowdown in 2023 as the market battled headwinds on...more

Conyers

Cayman Islands M&A: on the rise

Conyers on

Many acquisitions, especially privatisations, are structured as a statutory merger, and in this article, we provide a brief overview of Cayman Islands (“Cayman”) mergers and consolidations and the general requirements for...more

White & Case LLP

Late rally softens leveraged loan landing

White & Case LLP on

A strong finish to 2023 helped to boost global leveraged loan issuance at the end of an otherwise rocky year for all key markets. The last 12 months were incredibly challenging for banks, investors and borrowers, as elevated...more

White & Case LLP

Flexibility is key: Australia’s leveraged finance market rises to the challenge

White & Case LLP on

Sponsors hope increasing competition and the flexibility of Australia’s leveraged finance market will provide increasing optionality during challenging times - Just over a year ago, TPG broke new ground with an AUD$1.5...more

Buchalter

Distressed Startups: A Bankruptcy Lawyer’s Perspective

Buchalter on

Turmoil in the tech ecosystem and escalating sentiment that a recession in the U.S. might occur in the near-term, indicate that startups, their lenders, and investors may soon confront extreme financial challenges – and will...more

White & Case LLP

Getting the deal done: How is European PE securing debt in a tight market?

White & Case LLP on

European PE dealmaking declined in 2022—down 38 per cent year-on-year, according to Mergermarket—as macro-economic uncertainty intensified, valuations became increasingly volatile, and financing tightened. Under the...more

White & Case LLP

Five factors that will influence leveraged finance in 2023

White & Case LLP on

European leveraged finance markets have been completely reconfigured in the past 12 months. Inflation, rising interest rates and geopolitical uncertainty have squeezed liquidity and seen high yield bond and leveraged loan...more

White & Case LLP

Economy pumps the brakes on loan markets

White & Case LLP on

Leveraged loan activity slows in the US, Europe and APAC as a volatile economic backdrop and the rising cost of debt starts to weigh on issuance - Leveraged loan markets have been buffeted by a challenging macroeconomic...more

White & Case LLP

Global PE activity slows in Q1 following blockbuster year

White & Case LLP on

Private equity dealmaking was slow to pick up the pace in Q1, yet activity remained in line with pre-pandemic levels - Global PE activity in 2021 struck a new record, with US$2.2 trillion in deals, almost doubling 2020's...more

White & Case LLP

M&A financing keeps the leveraged finance market beating

White & Case LLP on

A rebound in European corporate transactions has driven a double-digit acceleration in leveraged finance earmarked for M&A (excl. buyouts), with a robust pipeline setting the stage for an active 2022. In the summer of...more

White & Case LLP

European leveraged finance: Conclusion

White & Case LLP on

A flurry of activity saw year-on-year leveraged finance issuance in Europe hit new heights in 2021. Can this pace be maintained in the months ahead? Based on pipeline activity and investor appetite for growth, the answer...more

White & Case LLP

Buy-and-build boom sees add-on debt surge

White & Case LLP on

Issuers are tapping institutional loan markets for add-on debt at a rapid pace as private equity firms turn to buy-and-build strategies to lower entry multiples and accelerate deployment - Debt issuance to fund add-on...more

White & Case LLP

From recurring revenue to sticky customers: The trends driving tech sector issuance

White & Case LLP on

HEADLINES - • Leverage loan technology and computer-related issuance in Western and Southern Europe almost doubled from annual pre-pandemic levels to €19.9 billion by the end of 2021 • Technology and computer-related...more

White & Case LLP

M&A financing keeps the leveraged finance market beating

White & Case LLP on

A rebound in European corporate transactions has driven a double-digit acceleration in leveraged finance earmarked for M&A (excl. buyouts), with a robust pipeline setting the stage for an active 2022. In the summer of...more

White & Case LLP

From survive to thrive: European leveraged finance looks to the future

White & Case LLP on

European leveraged finance markets roared back to life in 2021, sparked by a combination of attractive pricing in the first half of the year and buoyant M&A activity in the second half. The result? High volumes of refinancing...more

White & Case LLP

Canadian outbound dealmaking rebounds

White & Case LLP on

Canadian dealmakers are betting on large overseas purchases as market confidence returns - Canadian dealmakers have become a major presence beyond their borders, conducting a total of 361 outbound deals worth a total of...more

White & Case LLP

Canadian issuers take advantage of buoyant US markets

White & Case LLP on

A rebounding domestic economy and abundant liquidity south of the border are encouraging Canadian borrowers to draw on US high yield bond markets in increasing numbers - Canadian borrowers took advantage of buoyant US...more

White & Case LLP

Resurging leveraged loan issuance points to a stronger year

White & Case LLP on

After taking a deep dive in Q2, US leveraged loan issuance picked up in Q3, while European markets gained year on year - Having navigated extreme market dislocation due to COVID-19 for the past six months, leveraged loan...more

White & Case LLP

European leveraged finance: A bifurcated balancing act: Leveraged loan issuance: Lenders look beyond buyouts

White & Case LLP on

HEADLINES - Buyouts and M&A secured a combined €75.4 billion of loan issuance in 2019 - Proceeds used for buyout issuance alone were down by more than 30 per cent to €38.7 billion when compared to the €56.6 billion...more

White & Case LLP

European leveraged finance: A bifurcated balancing act: Data dive: European leveraged finance 2020

White & Case LLP on

- The covenant-lite share of European institutional loan issuance in 2019 reached 92 per cent - European leveraged loan issuance in 2019 was down slightly on the previous year to €209.1 billion - High yield bond...more

24 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide