M&A Explorer | After a year-long pause, US buyers are showing renewed interest in European assets, and analysts predict an M&A shopping spree in Europe over the second half of 2023 and beyond

Global IPO markets faced unexpected headwinds in 2022, prompting some to postpone their deals until the dust settles, but the market remains resilient

Recent months have been exceptionally quiet, especially for the North American and EMEA IPO markets, as the bears have taken the upper hand—and investors and issuers are now hoping for a more active second half in 2023

The US Securities and Exchange Commission has plans to regulate SPACs more closely and mandate ESG reporting—sponsors and companies should pay close attention

Last year was a volatile 12 months for the tech sector, with a steep sell-off in growth stocks and a drop in IPOs—but, although the sector was down, it was by no means out

Inflation concerns, rising interest rates and the specter of war cast a more sober tone over equity markets in 2022 and through Q1 2023, throttling appetite for IPOs in most regions—but not all

Debt Explorer | As leveraged loan markets have been impacted by a challenging macroeconomic environment, private equity sponsors are sharpening their focus on flexibility in their portfolio companies’ loan documents.

Debt Explorer | Sustainability-linked and green loan issuance in the US proved resilient in 2022 despite overall dislocation and disruption in loan markets

Following a busy 2022, a range of factors will likely influence activist campaigns during 2023 

Foreign direct investments, whether undertaken directly or indirectly, are generally allowed without restrictions or without the need to obtain prior authorization from an administrative agency.

Most deals are approved, but expanded jurisdiction, mandatory filings applying in certain cases, enhanced focus on national security considerations, and a substantially increased pursuit of non-notified transactions have changed the landscape.

The Canadian government announced a strict framework to evaluate foreign investments in the critical minerals sector by state-owned enterprises and state-linked private investors, especially if from "non-likeminded" countries.

Although the issuances of sustainability-linked bonds declined by more than a third in 2022, government focus on delivering net-zero carbon emissions and companies and investors prioritizing ESG bode well for long-term SLBs prospects

Debt Explorer | Private debt managers seized the opportunity to win market share in 2022 as leveraged loan and high yield bond activity slowed—moving into 2023, private debt players remain open for business, but mainly on their terms

M&A Explorer | The industry’s deal rally in Q4 2022 sets the stage for a strong year ahead