85 PE-backed companies make S&P list Companies represent $142.9 bln in affected debt. Oil-and-gas sector leads with 24 companies; media sector leads with $68.6 bln The number of companies in the Standard & Poor’s Weakest Links report hit a seven-year high, with 85 private-equity-backed firms making the list. The affected debt fell 5 percent, however, to $142.9 billion from $149.9 […]
Spotting an IPO in 2016 has been like trying to find the legendary Yeti. But in the second quarter, it finally happened: Three sponsor-backed companies went public, raising a combined $1.6 billion and breaking the IPO freeze that descended over the markets in the volatile early winter months. US Foods Holding Corp raised the majority, collecting […]
First half of 2016 trails in deal volume; dollar volume up U.S. sponsor M&A totals $96 bln in first half of 2016 Q2 add-on deals proliferate With U.S. sponsors facing choppier credit markets and higher purchase-price multiples, GPs opted to buy more add-on businesses for their portfolio companies rather than launch new platforms in the second […]
Some 33 private equity-backed companies, with a total of more than $91.3 billion in affected debt, appeared on the Standard & Poor’s “weakest links” report from November 6. That marks the highest combined affected debt in more than four years for portfolio companies on the monthly list, which highlights companies most at risk of default. […]