Analysis/Financing
Unquote Private Equity Podcast: Overcoming the exit impasse
Unquote assesses the obstacles to executing successful exits and speaks to Equistone senior partner Steve O’Hare about the GP’s approach to its recent realisations
PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog
Portable refis pave way for smoother sponsor exits in rocky market
Sellers are aiming to bolster buyer confidence, securing debt that can be transferred to the next LBO
HSBC expects dealflow uptick and higher returns with second direct lending vintage
Second vintage expects to build on USD 580m in current commitments, with first deal expected in July
From slash-and-burn to grow-and-earn: private equity changes tack
Rising cost of capital means value-creation will be vital for next decade of private equity, SuperReturn participants said
European sponsors sidestep panic, concede gloom over bank woes
Fallout from Credit Suisse collapse adds to slew of macroeconomic challenges for PE dealmaking and fundraising
Constructive approach: PEs turn to bolt-ons amid exits and debt crunch
Buy-and-build strategies to take centre stage for sponsors faced with longer holding periods and tough market for platform investments
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
Pemberton assesses European market for NAV strategy
Having hired Tom Doyle from 17Capital, the firm is looking at trends including generational change and market consolidation that will drive demand for strategy
GP Profile: 17Capital eyes buoyant NAV financing market
Unquote speaks to managing partner Pierre-Antoine de Selancy about the GP's strategy and market view
Fund financing and ESG: from the impact niche to the mainstream
ESG-linked fund financing facilities are becoming a prominent – and well publicised – tool in the ESG toolbox for GPs and lenders
Debt funds celebrate strong dealflow following Covid stress-test
Direct lenders now see shift away from refinancings and towards new deals, including 2020 processes coming back to life
Q&A: 17Capital's Thomas Doyle
"We see no ceiling for the adoption of NAV-based financing as a standard tool for portfolio management"
Sponsor-lender relationship faces stiff Covid-19 test
GPs' relationships with their existing banks and debt funds will remain key to managing the ongoing consequences of the crisis
Video: ThinCats' Ravi Anand
Unquote interviews the managing director of alternative lender ThinCats, a sponsor of the British Private Equity Awards 2020
Video: Travers Smith's Sam Kay on fundraising's paradigm shift
Unquote interviews Sam Kay from Travers Smith, finalist in the Fund Structuring category at the 2020 British Private Equity Awards
BVCA summit: fund financing boom necessitates tailoring
Market participants discuss IRR-enhancing tactics, emergency liquidity and negotiations with LPs
DACH lender sentiment continues to improve – survey
Leverage has not changed significantly for resilient assets, which are still prioritised
Debt funds making inroads in DACH amid Covid-19, says GCA
GCA's Mid Cap Monitor shows that debt funds financed 71% of German LBOs in H1 2020, with the firm expecting an activity uptick in Q4
Q&A: Pemberton's UK head Eric Capp on direct lending's future
Private debt professional Eric Capp discusses his long-term view of the direct lending landscape
UK government extends lifeline to PE assets, but obstacles remain
Clarification for CBILS is deemed helpful, but concerns linger for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
GPs turn to preferred equity in hunt for emergency liquidity
GPs seek to raise pots of capital fast to insulate their portfolio companies from the economic fallout of Covid-19
PE examines portfolio liquidity options as coronavirus halts dealflow
Managing financial and liquidity risk is front of mind as managers fret over the potential impact of a severe downturn