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Mid-Market
Investors in search of liquidity are driving the secondaries market.
Standing out from the crowd requires a solid understanding of what sponsors are looking for.
The testing market makes this the ideal time to assess which managers have the most resilient portfolios, says MV Credit’s Frédéric Nadal.
With banks continuing to shun UK SMEs, a lucrative environment has emerged for lenders willing to focus on this part of the market.
With private equity investment activity picking up, lenders reveal to Jon Yarker what they need to see from these sponsors to partake in deals.
The big challenge facing smaller companies is the ongoing reduction in bank lending and the lack of viable alternatives, says Theo Dickens, managing partner at Prefequity.
M&A activity looks set to finally rebound in 2024, with lenders reporting a strong start to the year.
Lenders to sponsors face declining odds and a rise in creditor-on-creditor violence, says Greg Racz, president and co-founder, and Daniel Leger, managing director at MGG Investment Group.
Mid-market lending came in for scrutiny at Private Debt Investor’s Europe Summit in London, with investors raking over what defines the sector and where it needs to look next.
M&A activity will pick up as borrowers and lenders gain confidence from a more stabilised rate environment, says the firm's head of European mid-market private debt.