Debt funds making inroads in DACH amid Covid-19, says GCA
Debt funds financed more than two thirds of LBOs in Germany in H1 2020, according to GCA Altium's Mid Cap Monitor, with the firm expecting M&A and refinancing activity to increase in Q4.
More on Financing
DACH lender sentiment continues to improve – survey
Leverage has not changed significantly for resilient assets, which are still prioritised
Ex-Investec James Stirling joins Westbrooke's debt fund
Stirling spent 14 years at Investec, most notably as head of growth and acquisition finance
OakNorth Bank provides fund facility to Bluegem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
17Capital provides £125m in preferred equity to Exponent III
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
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GP invested in the gastronomy group via its first fund, which focuses on "living heritage" companies
Carlyle makes new offer for Officine Maccaferri
Restructuring plan includes the acquisition of all the shares of Maccaferri
Hg invests $1.5bn in Hyperion at $5bn valuation
Hyperion's management team and employees will remain the largest shareholder group in the company