Insight 21 Oct 2020 Global M&A stages rebound in Q3 2020 After deal activity stagnated in H1, the third quarter offers some hope for dealmakers, as deal volume and value surpass Q3 2019
Insight 21 Oct 2020 High yield bond activity continues to climb Although US high yield bond issuance cooled somewhat in Q3 2020, it still hit record highs, while European activity remained on an upward trend
Insight 14 Oct 2020 New German law introduces electronic securities The law will make German financial markets more competitive, allowing issuers and investors to benefit from efficiencies and lower transaction costs.
Insight 14 Oct 2020 Global PE value fueled by exits in Q3 A series of exit megadeals doubled the value recorded in Q3 2019, while global buyout activity lost momentum, growing more modestly in the third quarter.
Insight 07 Oct 2020 Replacing Pay with Equity to Preserve Cash in a COVID Economy As pandemic effects linger, companies intent on avoiding layoffs are looking at compensating workers with equity in lieu of cash as part of their pay.
Insight 28 Sep 2020 US dealmakers expect uptick in M&A, but no swift return to pre-crisis levels A majority of dealmakers say their companies are focused on defense or survival, but about a quarter are actively pursuing growth.
Insight 24 Sep 2020 CIGA: Super-scheme to the rescue? The UK's new Corporate Insolvency and Governance Act introduces a restructuring plan procedure that enhances the flexibility of the English scheme of arrangement
Insight 24 Sep 2020 Software M&A shows resilience in challenging market While not unscathed by the ongoing pandemic, software deals are proving to be resilient to the effects of lockdown
Insight 18 Sep 2020 Taiwan in the changing global landscape Significant legal and business developments during 2020
Insight 16 Sep 2020 Competitor collaboration: From combatting COVID-19 to the climate crisis Competition regulators have shown their ability to act quickly and decisively in order to help allay the worst impacts of the coronavirus outbreak. Could these responses provide a template for achieving environmental and sustainability goals in the future?
Insight 16 Sep 2020 Spanish dealmaking defies health and economic crisis While Spain's recession is expected to be among the deepest on the continent, the nation has remained one of the most attractive deal destinations in Europe for PE and M&A
Insight 10 Sep 2020 Lenders calm despite fallen angel risks Although COVID-19 lockdowns have seen high-profile companies lose their investment grade status, lenders have continued to support these credits
Insight 04 Sep 2020 Lenders' views on documentation diverge under lockdown The decline in H1 2020 leveraged finance issuance has seen some lenders intensify their focus on pricing and borrower-friendly loan structures, but lender responses to the impact of COVID-19 have diverged across regions
Insight 24 Aug 2020 Online gaming M&A levels up The online gaming industry has flourished amid stay-at-home orders
Insight 24 Aug 2020 Are rising default rates cause for concern? Leveraged finance defaults are rising as the impact of COVID-19 is felt, but covenant-lite terms, government intervention and support from financial sponsors have mitigated fallout from the pandemic
Insight 19 Aug 2020 High yield bond issuance rebounds After COVID-19 concerns brought issuance to a near halt in March, Q2 high yield bond activity climbed in most markets as borrowers sought to boost balance sheets and cash reserves
Insight 18 Aug 2020 Loan activity evolves in Latin America Latin American loan issuance has felt the effects of COVID-19 disruptions, but lenders have remained open for business as borrowers turn to bilateral loan revolving credit facilities for liquidity
Insight 06 Aug 2020 Chinese M&A bounces back in Q2 A surge of interest from inbound investors drives recovery after a sharp fall in Q1
Insight 05 Aug 2020 Social bond issuance soars as COVID-19 recoveries begin Growing investor appetite for financial products with a positive impact, coupled with a demand for recovery capital post-COVID-19, have lifted the market for social bonds
Insight 05 Aug 2020 ESG takes center stage amid economic crisis and social unrest Strong ESG credentials and long-term plans to improve their relationship with society and the environment are increasingly important to ensure companies’ access to capital
Insight 03 Aug 2020 Regulators determined to keep SOFR transition on track The disruption to capital markets caused by the COVID-19 pandemic has not shifted the overall timeline of regulators and industry bodies for the replacement of US dollar LIBOR with SOFR by the end of 2021
Insight 30 Jul 2020 Loan markets show signs of life after COVID-19 shock Investor sentiment has begun to recover, but ratings downgrades and higher pricing continue to keep loan markets on alert
Insight 14 Jul 2020 A strong start to the year mitigated the impact of COVID-19 on Italian M&A A handful of large deals struck early in the year provided a few bright spots for Italian M&A activity in H1 2020
Insight 13 Jul 2020 Mining & metals in the COVID-19 world: Underlying resilience masks ESG concerns The global mining & metals industry began the new decade on a positive note. But as the global economy is struck by the unprecedented force of the coronavirus pandemic, how is the sector positioned for life post-COVID-19?
Insight 13 Jul 2020 Financial institutions M&A: Sector trends - July 2020 We highlight the key European M&A trends in the first half of 2020, and provide our insights into the outlook for M&A moving forward.
Insight 13 Jul 2020 Global M&A value collapses to record lows in Q2 2020 As the COVID-19 pandemic spread, global M&A value dropped to the lowest half-yearly total since H1 2010
Insight 13 Jul 2020 Global PE buyout activity stays relatively robust in H1 Amidst the COVID-19 pandemic, total buyout volume in the first half of 2020 dropped 23% annually, while value fell 30%—less than half the rate of decline of overall M&A
Insight 09 Jul 2020 France hopes for recovery after COVID deal dip French M&A activity has suffered steep falls because of COVID-19, but green shoots are emerging as lockdown measures ease
Insight 29 Jun 2020 Technology M&A remains resilient in the face of COVID-19 crisis Technology dealmaking has continued apace in 2020 as M&A investors take advantage of the sector's resilience to transact
Insight 25 Jun 2020 Healthcare M&A prospers, despite fall in deal activity The megadeals of 2019 may be off the table for now, but deal activity across healthcare and pharmaceuticals has proven resilient through the COVID-19 crisis
Insight 23 Jun 2020 Oil & gas industry feels financing squeeze Low prices and excess supply have pushed oil & gas balance sheets to the brink, which means raising traditional debt will remain difficult and restructurings are expected
Insight 17 Jun 2020 Technology sector shows resilience during lockdowns Remote working, online shopping and telemedicine have shielded the technology sector from the worst effects of COVID-19 lockdowns
Insight 12 Jun 2020 Strong foundations, uncertain future: How COVID-19 will affect the M&A market in Latin America in 2020 and beyond The year started strongly for many nations in Latin America, but coronavirus has heavily impacted the M&A market.
Insight 08 Jun 2020 Healthcare sector under pressure but the prognosis looks good COVID-19 has pushed healthcare systems around the world to the limit, but depending on the vertical, certain companies have been less affected than those in other sectors—and the availability of credit to battle the pandemic has helped
Insight 03 Jun 2020 Leisure sector M&A awaits delayed reaction COVID-19 is hammering leisure sector M&A—but not so much that opportunities have vanished
Insight 03 Jun 2020 Appetite for change in the consumer food and beverage sector Even though COVID-19 has taken a toll on consumer spending and supply chains, the food and beverage industry has shown resilience and continues to tap credit markets
Insight 01 Jun 2020 Coronavirus keeps aviation industry grounded Few sectors have felt the impact of COVID-19 as deeply as aviation, and airlines are exploring all lines of finance to bolster balance sheets.