Private Equity
Polishing up Boots? • Bank arrangers are reporting heavy reverse enquiry from investors looking to buy "stuck" deals. One source said Alliance Boots debt was among the credits in demand, a factor that may prompt the debt syndicate, which has so far maintained a united front, to arrange a co-ordinated selldown of some Alliance Boots paper before finally agreeing to go their separate ways in shifting the remaining debt.
2 min read · 08 May 2008
The tide of liquidity is rising. Recent weeks have seen a step change in momentum as banks on both sides of the Atlantic offload risks from their leveraged buyout holdings by extending credit to financial buyers. In a buyers' market, arrangers are sacrificing future upside to clear their books. Michelle Sierra and Donal O'Donovan report.
4 min read · 24 April 2008
3 min read · 24 April 2008
1 min read · 24 April 2008
1 min read · 24 April 2008
3 min read · 24 April 2008
Mid-market capital structures came out of the peak of the credit market relatively unchanged – largely retaining traditional structures and traditional terms. Although this conservatism means there remains strong market appetite, as the bear market continues to squeeze liquidity, arrangers are having to respond and structures are changing. Donal O'Donovan reports
5 min read · 10 April 2008
2 min read · 10 April 2008
3 min read · 10 April 2008
1 min read · 10 April 2008
