Financing
3i raises €414m CLO for European buyouts
Fifth CLO closed by 3i in 2015
Mitsui picks up GE's European sponsor business
GE retains $1bn investment in joint venture with Ares
German debt market: a changing landscape
German refinancings are increasingly turning to alternative lenders
17Capital hits €500m hard-cap
Fund attracted commitments from 95% of existing investors
UK loan volumes in sharp Q3 decline
Decline mirrors similar trends in rest of Europe
3i holds first close for mid-cap debt fund
Fund raises €250m towards undisclosed target
Prices rise as Spain enjoys newfound popularity
Attractive lending markets in southern Europe causing increased competition for assets and a hike in prices
German large-cap cov-lite deals gaining ground – Commerzbank's Gladiator
Exclusive Q&A with Commerzbank managing director Thorsten Gladiator
Traditional lenders holding firm in Germany, says SEB's Hewer
SEB's Hewer on the German lending landscape
Aggressive debt structures filter down from large- to mid-market
Debt landscape is rapidly changing, according to Marlborough Partners' latest report
RBS's Roach and Hassan on the changing UK debt landscape
RBS’s Roach and Hassan on the changing UK debt landscape
Ardian underwrites €255m facility for Ceva buyout
GP had already backed Ceva in 2007 and 2012
No debt bubble in Europe, LPs say in survey
Investors much more cautious about situation in US
Keeping leverage in check
Dagmar Kent Kershaw, ICG
Rothschild closes Five Arrows credit fund on €415m
Manager exceeds €400m target in slightly more than a year
PE-backed Cortefiel seeks further refinancing
Retailer is backed by CVC, Permira and PAI
Comment: Improving fund liquidity through fund finance
Increasing bank appetite for fund financing means improving fund liquidity is becoming easier
LBO France cashes in on buoyant debt markets for Labeyrie and Exxelia
Record low coupon on Labeyrie bonds
HIG provides unitranche to support Steelite MBO
HIG WhiteHorse, the credit arm of HIG Capital, has supplied tableware business Steelite with a ТЃ29m unitranche facility to allow management to secure full ownership.
Acquisition finance: breaking with tradition
Acquisition finance
Barclays goes direct with BlueBay
Barclays and BlueBay Asset Management have teamed up to provide acquisition finance for UK private equity deals.
Acquisition finance: alternative thinking
Despite bringing much-needed liquidity and competition to the debt market, many GPs are still wary of alternative lenders. Alice Murray pits traditional lenders against these alternatives to find out which has the upper hand.
GE Capital and Ares refinance Astorg's Ethypharm
GE Capital and Ares Management have provided Astorg Partners portfolio company Ethypharm with a €170m unitranche facility.