The European warehousing and logistics market is growing at unprecedented rates. Such growth comes with threats as well as opportunities, and investors need to be aware of local conditions to maximize returns
A decade on from the onset of the financial crisis, the leveraged debt landscape is almost unrecognisable and continues to evolve as lenders, borrowers and advisers find new ways to come to market
• In Europe, leveraged loan issuance is down 28 per cent year-on-year to €202.5 billion in 2018, but is up on all years between 2014 and 2016 • High yield bond issuance is down 37 per cent year-on-year • Leveraged loans retain primacy over high yield bonds
• European loans backing LBOs are valued at €56.5 billion, up 37 per cent from last year • Cov‑lite deals dominate the loan market, with the share of cov-lite institutional loans standing at 81 per cent in 2018 • CLOs are driving the demand for the asset class, with a new post-crisis record of €27.2 billion of new issuance and a further €18 billion of reset/refinance issuance in 2018
As the leveraged debt market has matured at pace in the past decade, many are hopeful that it will maintain an upward trajectory, at least in the medium term
Our countdown illustrates the key dates and milestones on the road to Brexit. We will share regular updates regarding the progress of the Brexit negotiations as they unfold.
The US M&A market delivered another year of strong performance in 2018. Though deal volume dipped 2 percent year-on-year to 5,682 deals, deal value was up by 15 percent over the period, to US$1.5 trillion
Private equity buyout activity saw an increase in 2018, with volume rising 6 percent to 1,361 deals and value up 7 percent to US$214 billion. Exit volume was down 4 percent to 1,107 deals and value dropped 5 percent to US$249.1 billion
We surveyed 200 executives on their views about the future of M&A and found that most remain optimistic about 2019
TMT and energy were the top two sectors by value; fintech is poised to invigorate dealmaking in the financial services sector.
After a period of frenetic dealmaking in technology over the last few years, which saw businesses across all industries scramble to adjust to the rapid shifts driven by digitalization, 2018 has seen value climb in the tech M&A sector
Digital disruption and its impact on physical retailers once again weighed on the consumer sector in 2018. Consumer M&A volume was down 13 percent year-on-year to 465 deals in 2018. Value decreased 28 percent to US$119 billion
Financial services sector M&A volume decreased by 6 percent to 461 deals in 2018, with value decreasing 48 percent to US$80.2 billion. But there are signs that the sector’s M&A market is moving in the right direction going into 2019