While deals leveraged at more than 6x are still in the minority, debt advisory firm Marlborough Partners has warned that the current scope of the ECB leverage guidelines could end up impacting transactions with more modest levels of term debt.
Deal is the first investment for the GP's recently opened Midlands office
Deal ends a five-year holding period for Cornerstone, which acquired Infoniqa SQL in 2012
Craig Hopwood joins the GP's northern team from HSBC, where he was a director
Lexington was previously reported to be considering acquiring up to €1.2bn in secondary commitments