Financing
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
17Capital provides £125m in preferred equity to Exponent III
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
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
17Capital hires Sklar as senior adviser
Preferred equity provider is looking to bank on increased appetite for portfolio support products
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
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
UK Covid-19 liquidity support snubs leveraged and mid-market companies
CCFF initiative seems designed with traditional corporate issuers in mind instead of leveraged finance issuers
Acuris coronavirus impact analysis
Assessing the early impact of coronavirus on capital markets and sectors
Bayside promotes Scotland to co-head of special situations debt
Andrew Scotland will take his position alongside HIG Bayside co-head and managing director Duncan Priston
Pemberton appoints Ruenes as head of Spain
Prior to joining Pemberton, Leticia Ruenes worked at NatWest as head of structured finance portfolio
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
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%