Financing
France: Private debt still thriving despite muted fundraising
Current fundraising pipeline and recent investment statistics suggest the French private debt space is still in rude health
Direct lending growth continues unabated - report
According to Deloitte's latest Alternative Deal Tracker, €22.6bn alternative loan issuance was deployed across 178 deals in H1 2019
Beechbrook hires Whitehouse as investment director
Whitehouse joins the private debt firm from the corporate and leveraged finance team at Lloyds
CVC Credit appoints Haaijman as head of client services
Haaijman previously worked at Alcentra as global head of product management and at JP Morgan
German banks lose position to debt funds
Private debt funds have supported the lion’s share of the German mid-market recently, with banks' risk aversion being cited as a key driver
Ardian’s Opteven buys WMS Group
Backed by Ardian a year ago, Opteven bolts on UK-based car warranty specialist WMS Group
Eurazeo's Albingia buys Circles Group
Albingia, acquired by Eurazeo in Q3 2018, acquires the special risk insurance provider
JP Morgan appoints new head of sponsors group
Woehrn's appointment comes as the organisation is seeking to grow its financial sponsors group M&A
Arkéa backs Sagesse Retraite Santé
GP Arkéa and insurance company Macif inject €75m into healthcare-focused holding SRS
IK Partners backs Recocash SBO
GPO acquires France-based debt servicing market specialist via €550m IK Small Cap II fund
Investec, SVB provide £50m NAV facility to Draper Esprit
Loan has a three-year term and carries an interest rate at the Bank of England base rate +6.75%
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
Listen to the latest episode of the Unquote Private Equity Podcast, dedicated to the latest developments in the private debt market
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
