Transaction volumes reach their highest level in Europe despite terms becoming more conservative.
The two firms have partnered to create Ceres Life Insurance and integrate it with asset management under Westaim’s corporate roof.
Amid concerns over pressure on existing loans and revived competition from the syndicated market, there is still an overall positive tone at the PDI Germany Forum in Munich.
Founders can look to asset owners, corporations, government funding and project and equipment finance to scale their operations.
The acquisition – which includes GCP assets in Japan, Brazil and the US – will nearly double Ares’ real estate assets under management.
Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.
With the interest rate environment once more the talk of the town, private debt will have to adjust to another new reality.
The M&A market is proving sluggish, meaning credit funds reliant on the private equity-sponsored arena are facing a challenge. Creativity is the way to respond.
Credit is a huge market overall in Asia-Pacific but private debt represents only a small proportion. Andrew Schantz of Bain Capital outlines the opportunity ahead.
Goodwin attorneys suggest this is a symptom of a change in the balance of power between private equity and private credit in distressed circumstances.