After 2018’s blistering pace of dealmaking, 2019 has gotten off to a sluggish start. Poor performance in leveraged loan and high-yield markets during 4Q 2018 had an adverse impact on the cost of [...]
Key Highlights The Fed’s move to a median of zero hikes this year was a surprise. Analysts and the markets underestimated Chair Powell’s appetite to deliver a preemptive strike [...]
Leverage Loan Market 2018 Overview Summary Leveraged institutional activity declined 21% over the prior year. At US$730bn, institutional issuance remained elevated this year but was 21% off [...]
Key Highlights We were early last year to call for just two hikes in 2019, initially placing them in March and June. With “patience” returning to Fed policymakers’ [...]
In 2018, the US PE middle market results: $427.9 billion total deal value across 2,971 deals (increases of 14.8% and 15.1% YoY, respectively) $187.6 billion total exit value across 876 exits [...]
Key Highlights The US is moving through the trough in GDP growth now, with 1Q tracking at just 0.5%. Thereafter, a sizeable rebound to 2.3% in 2Q is then followed by average growth of 2.1% in the [...]
Notable Trends in 2018 United States M&A investment remains high despite declining deal count. In 2018, a large number of mega-deals closed with 53 deals closing at over $5 [...]
In 2018, southeast M&A investment had a record year. Despite declining deal count, capital raised reached an all-time high for the region at $235 billion. A number of mega-deals contributed [...]
