Recent Insights

Doha
Insight
Middle East debt markets step up as economic outlook improves

Lifting pandemic restrictions, coupled with successful vaccination rollouts in the Gulf and an improving economic outlook, supported a rebound in loan and bond activity in the Middle East in the first half of 2021

Windmill
Insight
The rise and rise of ESG-linked debt issuance

ESG-linked financing issuance swelled in 2021, with issuers responding to the rapid growth in investor demand for environmental and socially-linked debt issuance

Hong Kong city
Insight
High yield bond issuance grows in APAC despite cooling real estate activity

Strong refinancing appetite sustains the high yield bond market in the Asia-Pacific region despite a slowdown in real estate issuance in China.

metal wall
Insight
Private equity firms hunt for value in public markets

Take private activity reached a decade high in the first half of 2021, fueled by large sums of dry powder and heated competition for assets.

johannesburg-hero-image-1600x600
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African M&A stages a comeback

H1 2021 dealmaking within the continent appears to be turning a corner  

construction
Insight
US trade: The rise of benefit corporations and stakeholder - capitalism businesses

Companies focused on broader public benefits and ESG principles face unique issues in international trade disputes.

India city image
Insight
Jumbo deals a bright spot after tough period for India’s loan markets

Loan issuance from Indian borrowers has tailed off because of rising COVID-19 infections, but high-profile mega-deal financings have given lenders and borrowers cause for optimism  

Cairo
Insight
Outlook for Africa brightens after challenging first half to the year

Lender caution following Zambia’s debt repayment default in 2020 has weighed on African debt issuance, but successful raisings by high profile borrowers show that investor appetite remains resilient

office building windows
Insight
Widening variety of issuers sustains refinancing momentum

Debt markets warm to issuers from a broader range of sectors, maintaining high levels of refinancing activity  

books
Insight
Private equity goes back to school

PE is breaking records, notably in the education sector

Mexico city
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LatAm M&A rebounds

The region's largest economies—Brazil and Mexico—lead the dealmaking revival

grey stairs
Insight
Rising inflation represents risks and opportunities for leveraged finance markets

For the first time in years, inflation is on the radar for high yield bond and leveraged loan lenders and borrowers—but how might it impact markets?

Two vessels on the sea
Insight
FPSOs: Overcoming challenges to unlock potential

FPSOs have revolutionized deep-water oil extraction but these technically complex vessels are a fertile ground for uncertainty, spiraling costs and long delays

SPACs on track to drive M&A leveraged loan issuance
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Jumbo deals contribute to a rise in M&A and LBO financing

Borrowers take advantage of hot loan and high yield bond markets to lock in M&A and leveraged buyout financing at attractive terms and pricing

windows
Insight
Private equity carve-outs ride post-COVID wave

PE investors stand ready to fund spinoffs of non-core assets as companies refocus for the recovery

office building windows
Insight
Refinancing and jumbo deals drive global leveraged loan market

Refinancing activity supports a double-digit year-on-year uptick in leveraged loan issuance in the United States and Europe, while mega-deals dominate in the Asia-Pacific region.  

Mountain road aerial shot
Insight
US leveraged finance: The road ahead

What will drive issuance in a post-COVID-19 world?

New heights: US M&A H1 2021
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New heights: US M&A H1 2021

US M&A set a new record for value in H1 2021—and nearly surpassed the full-year figure for 2020

tables outside a restaurant
Insight
US leisure and retail M&A roars back

Investors are finding businesses showing resilience

Stock Market
Insight
Surging M&A megadeals top records in Q2

Low interest rates and high levels of liquidity are fueling transformational M&A deals  

building
Insight
High yield issuance surges in the US, Europe and APAC

Plentiful liquidity supports a year-on-year rise in high yield bond issuance in the US, Europe and the Asia-Pacific region  

city image
Insight
How changing attitudes toward data sharing could accelerate smart city adoption

The pandemic seems to have prompted people to rethink their attitudes toward sharing personal data, particularly when it is used to manage public health and provide essential services. Can this shift serve as a catalyst for smart city adoption?

buildings
Insight
Surging TMT transactions carry Q2 global M&A to record heights

A brightening macroeconomic outlook and supportive deal environment helped push second-quarter value to a new record.

Insight
Global PE posts record buyout value in Q2 thanks to TMT, pharma

Increasing cooperation between global PE players is pushing up price tags  

construction
Insight
Transformation in the construction industry: Keeping pace with change

Three pillars are at the heart of global efforts to boost sustainability and make our built environment cleaner, greener and more socially responsible: construction, energy and technology.

Steel factory
Insight
The green edge of steel: Cutting through carbon

Steel is essential to every aspect of modern life, yet its future finds itself centre stage in the climate change debate. Can advances in green steel technologies, fuelled by innovative investments from miners and steel producers, become an age-defining development in the energy transition?

Fast forward for US offshore wind
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Fast forward for US offshore wind

Changing regulatory, project finance and transmission dynamics are fueling rapid growth in US offshore wind

Liquid debt markets hit the brakes on restructurings
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Liquid debt markets hit the brakes on restructurings

A strong market for refinancing and low interest rates have enabled most borrowers in Europe and the US to avoid bankruptcy and restructuring procedures

Data Center
Insight
Pandemic powers European infrastructure M&A

Soaring demand for digital infrastructure, transportation and social assets has generated landmark deals so far this year

Connect cars
Insight
SPACS drive automotive sector dealmaking uphill

Automotive and automotive-adjacent M&A sees fourth consecutive quarterly rise in value, supported by strong SPAC interest in electric vehicles

Insight
French M&A displays optimism

A number of big-ticket deals in high-growth sectors such as telecommunications and renewables signal a bright future for French dealmaking

medicine blue pills
Insight
Healthcare leveraged finance issuance climbs

Leveraged finance activity in the healthcare sector made strong gains through Q1 2021 as the pandemic response saw the industry attract steady investor inflows and M&A interest

Cylinder
Insight
Why small modular reactors will shape the future of nuclear debate

SMRs are gaining the attention of governments and power providers across the world because of the optionality they offer. But the champions of the SMR will have to work hard to ensure its potential can be fully unlocked.

building windows
Insight
Pandemic fuels real estate and hospitality turnaround M&A activity

The number of distressed and liquidation-related M&A deals, especially in the US and UK, has increased year on year as businesses struggle to adapt to their post-pandemic reality.

coral reef
Insight
Amplifying the "S" in ESG: Investor Myth Buster
SPACs on track to drive M&A leveraged loan issuance
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Pandemic downturn highlights management fee credit facility benefits for PE firms

Management fee credit facilities have become increasingly popular among private equity firms during the pandemic as a tool to manage cash flow volatility

LED lights
Insight
Refinancings and resets dominate European CLO space

Tightening liability spreads and the backlog from 2020 have seen European collateralized loan obligations resetting and refinancing at historic levels in 2021

circuit board
Insight
China and private equity fuel Asia's tech dealmaking in Q1

Emerging technologies attract increasing interest from dealmakers, buoyed by strong economic fundamentals and healthy macroeconomics

stormy seas
Insight
Global merger control: Navigating stormy seas

There have been a number of developments in merger control in 2020 and Q1 2021. Some are related to the repercussions of the COVID-19 pandemic, while others are borne out of the ambitions and changes sought by individual competition authorities or unexpected jurisprudence

Music Board
Insight
Streaming royalties are music to private equity's ears

Dependable recurring income from digital music rights is attracting major investment from PE funds.