Global IPO proceeds improved in 2024, but while some IPO markets performed strongly, others faced a challenging year. In 2025, regional markets appear set to drive IPO themes

Long-term policy initiatives supporting the development of capital markets in the Middle East are paying off, with stock markets across the region supporting a cluster of large state-backed and private sector IPOs in 2024

Strong performance from regional IPO hubs has helped stabilize global IPO markets and lay the foundation for further gains in 2025

Debt Explorer | While issuance of high yield bonds strengthened across all key global jurisdictions in 2024, the US and Europe still face mounting maturity walls

M&A Explorer | Investors are ramping up AI-related M&A to secure cutting-edge capabilities and market-beating returns, but high valuations and open-source disruption are forcing a rethink on deal strategy

M&A Explorer | As global supply chains continue to suffer from ill health, M&A offers a path to recovery

Debt Explorer | Private credit is still nascent in the Middle East but, as economies in the region diversify, more local borrowers and investors are turning to the asset class

With their massive energy needs, data centers will rely on a range of innovative technologies and construction methods

Debt Explorer | A challenging macroeconomic environment has hampered policymakers’ efforts to stimulate the secondary market for non-performing loan deals in Europe

Debt Explorer | The sukuk market is keeping a close watch on a proposed set of Sharia guidelines that could significantly change how sukuk instruments are structured and distributed

M&A Explorer | AI, social media and cloud computing are driving dealmaking demand in EMEA’s data center subsector

Debt Explorer | Leveraged loan issuance in the US and Europe showed strong year-on-year gains over the first nine months of 2024 as lower interest rates inspired a wave of refinancing

Debt Explorer | High yield bond issuance in the US and Europe has made strong gains as issuers return to the market to refinance at more attractive rates

Debt Explorer | White & Case’s European leveraged finance team evaluates the predictions they made at the beginning of 2024 for leveraged loan and high yield bond activity

M&A Explorer | The EV industry is facing multiple headwinds in 2024 including consumer pullback, but future dealmaking prospects look solid as buyers seek to safeguard future growth, with China leading the way

Debt Explorer | Spain's renewable energy assets are producing more power than ever. However, as energy prices flatten out, refinancing renewable energy infrastructure could prove to be tricky

M&A Explorer | Dealmaking between the two regions looks set to rise as trade links and political relations strengthen

Elevated interest rates have led to an increase in European NPL volumes, but levels remain far below the peaks during the financial crisis period. NPL investors and servicers are rethinking their business models to adjust to a smaller market

Debt Explorer | High yield activity in the US, Europe and APAC revives after a tricky period, but markets remain uncertain moving into the final months of 2024

US and European leveraged loan markets record massive increases in issuance as issuers race to refinance

Debt Explorer | A peaceful election and slowing inflation have put M&A markets in South Africa in a more advantageous position. However, taking advantage of South African deal opportunities requires a clear understanding of a rapidly evolving regulatory backdrop

Debt Explorer | The first half of 2024 has been a bumper year for European Collateralized Loan Obligations and a mix of market and legislative catalysts could push the second half into record-breaking territory

Debt Explorer | Demand for covered bonds is rising as investors seek opportunities to deploy capital in low-risk assets during a period of market uncertainty

Debt Explorer | Investment grade debt markets have enjoyed buoyant activity levels as elevated interest rates see investors and lenders race to build exposure to high-quality borrowers

M&A Explorer | The addition of infrastructure to PE firms’ playbooks is part of a broader embrace of adjacent private market asset classes

Debt Explorer | US and European high yield issuance surged in Q1 2024, but in APAC, conditions remain challenging

Debt Explorer | Leveraged loan issuance in the US and Europe rallied in Q1 2024 as a clearer view of interest rates brings lenders and borrowers back to the market