Financing
Scandinavian banks downgraded by Moody's
Moody's has downgraded some of the most popular private equity debt providers in Scandinavia.
High yield to revive Europe's loan market
High hopes for bonds
JPEL extends credit facility with Lloyds TSB
JP Morgan Private Equity Ltd (JPEL) has extended a $150m multi-currency credit facility with Lloyds TSB Corporate Markets.
CEE Congress: regional banks lose ground to debt funds
Regional CEE banks are expected to lose ground to specialist debt funds in the local leverage market, according to a sentiment survey for the unquote” CEE Congress in London this morning.
Lenders urge GPs to talk about refinancing
The well-documented 2014 “wall of debt” is pushing many GPs down the refinancing route. Easier said than done given the current lending climate – but early birds could stand a better chance of catching the proverbial worm. Greg Gille reports
PE-owned SPIE in €375m high-yield refinancing
French engineering group SPIE, acquired by a consortium of private equity houses last year, has priced a €375m high-yield bond to refinance the debt structure put in place at the time of the buyout, according to reports.
Endless moves into asset-based lending
UK-based turnaround specialist Endless has launched Encina, a new business providing both asset-based lending (ABL) and equity investments.
Investec provides debt for 2M co-founder buyout
Investec has provided a debt facility for chairman and co-founder Mottie Kessler's buyout of 2M.
Could high-yield bonds tackle the refinancing wall?
The wall of refinancing, the burden of LBO debt set to mature in the next two years, is uncomfortably close, leaving the private equity industry to come up with a new structured product to preserve the credit line. But as the industry looks towards the...
Debt providers: "One-stop shops" gaining ground
Faced with a tough bank lending environment, PE houses are increasingly turning to тone-stop shopsт to leverage their deals. Indeed, alternative debt providers are looking forward to a busy 2012, as Greg Gille finds out.
Leverage in 2012: liquidity still a concern
The latter months of 2011 have been characterised by diminishing liquidity and a great deal of volatility in financial markets, and it is these two interplaying factors that will perform the most significant role in shaping the year to come.
Ian Brown to lead Acquisition Finance at Lloyds
Ian Brown has been appointed to head up the Acquisition finance division of Lloyds Bank Corporate Markets. Brown was formerly Head of European Origination for Lloyds.
Debt fears see all-equity investments wane
The economic climate should be a hotbed for all-equity investments, but the data disagrees. Anneken Tappe reports
Antea buys stake in trading specialist
Antea has bough a 33.3% stake in Amsterdam Capital Trading Group.
Syndication woes spell trouble for German buyouts
At a time when many GPs have finished divesting their vintage portfolios and are looking for fresh investments, the German leverage market is experiencing difficulties with loan syndication, threatening future buyouts. Diana Petrowicz investigates
PE firms creating bidding wars over contingent forwards
Deal-contingent trades, which allow PE houses to hedge their FX risk, have seen a strong revival recently, creating stiff competition among banks.
Mezzanine: Waiting for the rain
Mezzanine players have endured a drought for some time now. The first rain clouds may just have appeared on the horizon, as Emanuel Eftimiu finds out.
3i Debt Management borne out of MIM deal
3i has reinforced itself as a diversified asset manager with today’s introduction of 3i Debt Management (3iDM).
Investec expands private equity offering
Invest Growth & Acquisition Finance has added senior debt and preferred equity to its core stable of lending facilities for private equity transactions.
Apollo makes offer for BHF Bank
Apollo Management has made an offer for BHF Bank, a subsidiary of Deutsche Bank.
Basel III: Capital requirements and the cost of leverage
The Basel III banking regulations took a major step forward over the weekend when central bankers agreed on the latest set of rules to prevent future financial crises. Higher capital requirements for banks have hit the headlines, but what effect will...
Central banks agree Basel III rules
Central bank governors have agreed new capital requirements for banks as part of Basel III.
Lion Capital meets lenders for Picard buyout
Lion Capital plans to meet lenders to secure a €675m debt package for the acquisition of Picard Surgelés, according to media reports.
Investec to increase private equity mezzanine financing
Investec is working on plans to increase asset based lending and mezzanine funding to mid-market private equity investors over the next 12 months.