Publications & Events

The aviation sector has endured a difficult two years amid border closures and lockdowns. In spite of persistent volatility and uncertainty, our survey finds that senior executives are cautiously optimistic about the state of global aviation financing in 2022

Leveraged loan and high yield bond markets in Western and Southern Europe saw a major resurgence in the past 12 months, driven initially by refinancing, followed by almost unprecedented M&A and buyout issuance, and setting the stage for, on balance, a productive year ahead  

Large double-digit gains in US loan issuance meant leveraged finance markets ended 2021 with a bang and set the stage for robust activity in 2022  

Financial stimulus and sustained investor appetite for yield have seen US CLO issuance scale record heights  

Interest in high-growth industries such as TMT and financial services resulted in a string of deals—from both local and international bidders.  

Islamic finance providers have been slow to make the transition away from LIBOR, as the replacement benchmark rates pose challenges in the context of Sharia compliance

Issuers are tapping institutional loan markets for add-on debt at a rapid pace as private equity firms turn to buy-and-build strategies to lower entry multiples and accelerate deployment  

The UK Pensions Regulator is gaining stronger powers, which will have a significant impact on companies undertaking activities such as M&A, secured borrowing, and restructuring. Following best practice and thinking ahead have become more important than ever.

Governments around the world are tightening their scrutiny of foreign direct investments  

Following a year of healthy activity, M&A deals in the pipeline are set to sustain leveraged finance issuance in the pharmaceutical, medical and biotech sector in the months ahead.

Against a backdrop of record commodity prices and the pressure for miners to boost their ESG credentials, the sector is seeking to position itself as a trusted partner in fighting climate change. Will 2022 cement the mining & metals industry’s role as a central plank of the energy transition?

Five factors that will shape dealmaking over the coming 12 months

With data privacy laws tightening and cyberattacks on the rise, due diligence of technology networks and data processes should be a top priority for dealmakers

After dropping in 2020, real estate M&A ramped up significantly in 2021

Despite the absence of megadeals, M&A in the sector climbed from 2020 levels thanks in part to strong PE and SPAC activity

The pervasiveness of technology, particularly since the pandemic, continues to drive deals to all-time highs

Dealmaking may continue to rise, as price volatility abates and companies embrace energy transition

In what was a stand-out year, M&A picked up the pace in almost every sector

Dynamics may be changing as the focus shifts to de-SPACs and regulatory scrutiny intensifies

Transaction values more than doubled year-on-year, as firms deployed ever-larger amounts of dry powder

All the stars aligned in 2021, creating a confident and exceptionally busy M&A market

A flurry of activity saw year-on-year leveraged finance issuance in Europe hit new heights in 2021. Can this pace be maintained in the months ahead? Based on pipeline activity and investor appetite for growth, the answer seems to be: Yes.