Financing
Pemberton opens Copenhagen office
Direct lending is gathering pace in the region as local banks begin to be constrained
European direct lending up 9% but turbocharged growth wanes
Rate of growth in alternative debt deals slows from 32% in 2017, according to Deloitte's Alternative Lender Deal Tracker
Unquote Private Equity Podcast: Ready, debt set, go
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Ciclad, BPI France et al. back Kyotherm
Fresh capital of €18m will help France-based Kyotherm to grow in domestic market and abroad
Nordic direct lending makes slow but steady progress
Private debt funds have been rapidly expanding their market share in corporate cashflow lending across Europe, but Nordic progress has been slow
Equistone hires four for investment team
Hubert van Wolfswinkel and Julia Brunswicker join the Munich office from Montagu and DBAG
Kartesia hires Mirante to expand in DACH region
Mirante joins from HIG Bayside and previously worked at BNP Paribas, Morgan Stanley and Rhône Capital
Secondaries leverage hitting record levels – research
Leverage now accounts for nearly 40% of the yearly secondary market value, says Triago
PE professionals struggling to meet higher GP commitments - survey
Trend is driven partly by an increase in fund size, but also LPs demanding more skin in the game
Fondazione Enasarco seeks new CIO
Unquote understands that Enasarco is seeking an external candidate to fill in the position
Investec hires DC Advisory's Arrowsmith
In his new role, Jonathan Arrowsmith will lead the firm's investment banking advisory offering
ECB lending guidelines turn one with little to celebrate
Volume of highly leveraged deals continues to rise, while aggressive adjustments on financial metrics follow suit
Valar et al. inject €20m into Qonto
Valar, Alven Capital and the European Investment Bank (EIB) back digital bank Qonto
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Penta-backed GRP buys Digney Grant
GRP’s Irish division Abbey Bond Lovis, a retail broking specialist, buys a majority stake
BNP Paribas launches UK SME lending fund
Fund will provide senior loans to SMEs with an annual turnover of less than £50m
Eurazeo sells Odealim to TA
Sale of insurance brokerage firm Odealim is expected to generate a money multiple of around 2x
BC Partners’ MCS Group bolts-on DSO
Debt management service MCS Group, backed by BC Partners since 2017, buys peer DSO Group
Private debt picks up steam in Italy
Debt fundraising activity has been vibrant in Italy in recent months with the launch of several vehicles
Investec hires HSBC's Burgess
Burgess will focus on origination and execution of private debt services across Europe
Ardian, Edmond de Rothschild exit Siaci Saint Honore
Charterhouse takes over, acquiring a minority stake in the insurance brokerage business
Aberdeen Standard buys fund finance outfit Hark Capital
New York's Hark Capital supplies loans to mid-life and end-of-life PE and VC vehicles
Mid-market leverage continues upward creep
High price tags, limited assets and cheap debt are helping to push up leverage boundaries in the European mid-market once again
Turbo-charged: How leverage is powering up secondaries
The use of leverage in secondaries has soared, as funds are continually seeking new ways to boost spending power
