M&A Explorer | In an M&A market characterized by buyer caution and narrowing liquidity pathways for sellers, flexible minority stakes transactions are proving a valuable option for dealmakers in the US and Europe

M&A Explorer | Policymakers have renewed their focus on closing gaps in the nation’s defenses, creating fertile ground for M&A

Debt Explorer | In the face of intensifying competition from the broadly syndicated loan market, private credit lenders are leveraging their ability to provide payment-in-kind flexibility to secure deals

Debt Explorer | At a time when sponsors are holding onto assets longer than expected, margin loans in private markets are providing a valuable channel of liquidity

Debt Explorer | Delayed-draw facilities have been a key feature of private credit lending terms, but as competition between private credit and broadly syndicated loans intensifies, broadly syndicated loans have started to incorporate delayed-draw flexibility

Debt Explorer | US and European high yield bond markets cooled during the first quarter of 2025 as macroeconomic uncertainty and a dearth of M&A financing opportunities put the brakes on issuance