LONDON, March 20 (LPC) - While fears over the coronavirus
outbreak grow, direct lenders have limited choice but to hold
onto their illiquid portfolios as the exit routes in mid-market
lending remain limited.
LONDON, Jan 28 (LPC) - UK real estate has become an
increasingly attractive proposition for cash-rich lenders in the
wake of the UK elections, offering investment diversity and
LONDON, Jan 9 (LPC) - Sponsors are imposing stronger
restrictions in loan agreements to limit a direct lender’s
ability to offload debt to third parties, as the credit cycle
advances and fears of a downturn increase, banking sources said.
LONDON, Nov 29 (LPC) - An increasing number of direct
lenders are launching a new generation of stretched senior debt
funds that will compete with the syndicated term loan B market
as they diversify strategies in a bid to put more money to work.
LONDON, Nov 6 (LPC) - Direct lenders are increasingly
looking for opportunities in Spain, following private equity
firms into the region as they look beyond a crowded Western
European mid-market in search of new deals and yield, bankers
LONDON, Oct 3 (LPC) - Specialist debt investor Permira Debt
Managers has scooped a role as senior secured lender on an
approximate US$150m loan backing private equity
firm Bridgepoint's acquisition of North American pure-play
outsourced software testing and quality assurance
provider Qualitest, banking sources said.
LONDON, Aug 19 (LPC) - Smaller European direct lenders are
raising funds and lending on a short-term basis in a bid to
limit potential late cycle credit losses, as macroeconomic and
political risks rise in more volatile markets.
LONDON (LPC) - Asset manager Pemberton has raised €1 billion (£859 million) for its Strategic Credit Opportunities Strategy, which is the first primary-focused credit opportunities fund in Europe, the company announced.
LONDON, April 17 (LPC) - Private debt funds are building
teams to boost their ability to syndicate loans as a flood of
cash into the sector helps them to target bigger deals, drawing
criticism from competing banks and peers, as well as regulators
who see the shadow banking sector as a possible systemic risk.
LONDON, April 4 (LPC) - Private debt investors Permira Debt
Managers (PDM) and Tikehau Capital have teamed-up to provide
around €100m-€150m of debt financing to back investment house
Ardian’s acquisition of a majority stake in aircraft maintenance
company Revima, banking sources said.