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Direct Lending

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Leveraged Loans

Sponsored European loan issuance surges in Q1 despite modest buyout activity

April 24, 2025

A cross-border marquee deal from Opella enlivened an otherwise tepid start to the year for buyout funding in the European leveraged loan market.

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Direct Lending

Apollo leads €1.2B loan package backing Karo Healthcare buyout

April 24, 2025

The deal is being touted as a win for direct lenders, as banks had also pitched to provide financing for the acquisition.

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Private Credit

European private credit dealmaking ties quarterly record, but M&A underwhelms

April 4, 2025

Europe’s direct lenders produced a strong Q1 deal count, and have changed their pricing strategy to stay competitive.

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Direct Lending

Covenants loosening in lower middle market, M&A to improve in H2, Deerpath says

March 27, 2025

Covenant erosion is evident in the lower middle market, according to Deerpath’s Reed Van Gorden.

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Direct Lending

Arini teams up with Lazard for European direct lending

March 26, 2025

Through the partnership, Arini will get access to Lazard’s origination activities for mid-cap borrowers.

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Direct Lending

Macquarie seeks up to €1.5B for European direct lending strategy

March 26, 2025

The firm has launched a direct lending platform in Europe to give investors access to middle-market credits.

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Private Credit

Europe’s private credit providers voice concern as uncertainty weighs on M&A

March 25, 2025

Geopolitical uncertainty is further undermining a sluggish M&A environment for Europe’s private credit players, while signs of stress are bubbling up.

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Private Credit

Nemera to repay term loan with €820M covenant-lite unitranche

March 20, 2025

Sources say the French firm will repay its syndicated term loan with private credit debt from a club of lenders led by GSAM.

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Featured

Tariffs rise to top of due diligence checklist in private credit

March 17, 2025

Private credit lenders are caught between heightened market volatility and pressure to deploy more capital in a slow M&A environment.

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Featured

Private debt fundraising saw sharp contrasts in 2024

March 12, 2025

One strategy caught fire with institutional investors, while others came up almost empty-handed.

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Direct Lending

Publica nets Brookfield loan for carve-out by Bain

March 3, 2025

The lender has provided €200-250M of unitranche financing to support the sale of Publica to Inetum’s parent company.

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Private Credit

European private credit broadens horizons, with wealth investing in focus

February 12, 2025

Optimism ran high at the IPEM Wealth 2025 event in Cannes as the industry explored new fundraising avenues.

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Direct Lending

Pinstripes lenders add PIK as company mulls strategic alternatives

January 30, 2025

Pinstripes will be required to achieve milestones related to possible strategic alternatives.

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Private Credit

European private credit adjusts to muted M&A, competitive backdrop

January 17, 2025

Europe’s private debt market participants face challenges due to sluggish M&A activity, but are adapting in response.

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Direct Lending

Ares raises record €17B equity investment for European direct lending fund

January 15, 2025

Ares says it has raised the largest institutional fund in the global direct lending market to date, demonstrating the growing concentration of capital among the largest managers.

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Private Credit

Portability takes hold in European private credit

December 19, 2024

Europe’s direct lenders are increasingly accommodating portability provisions, as they strive to stay invested in deals for longer.

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Private Credit

2025 European Private Credit Outlook: Collaboration in play as market adapts

December 18, 2024

Private credit players may have retreated to their natural mid-market habitat, but that doesn’t tell the full story as they collaborate with banks on deals via PIKs, hybrid financings and other partnerships.

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Private Credit

Middle market takes spotlight in Europe’s private credit show

December 17, 2024

Private credit managers have faced increased competition in the large-cap space, bringing the middle market into play.

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