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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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  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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  CLOs

  European CLOs secure spot in vast ETF ecosystem

  February 6, 2025

  Several new CLO ETFs are planned for the coming weeks and months.

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  LBO

  Marshall Group nets debt backing €1.1B HSG buyout

  February 6, 2025

  Banks led by HSBC and UBS are preparing a euro term loan financing to support HSG’s acquisition of Marshall Group, according to sources.

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  Leveraged Loans

  Jefferies hires Kerry as co-head of EMEA leverage finance

  January 30, 2025

  Jefferies has hired Tim Kerry to work alongside Bala Ramesh, according to market sources.

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  High-Yield Bonds

  JP Morgan boosts European high-yield supply forecast to €120B

  September 10, 2024

  The increase from €100B is based on the bank’s expectation of a heavy fundraising season ahead as issuers lock-in lower bond yields.

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  Direct Lending

  European direct lending heavily concentrated among select funds

  August 6, 2024

  Those outside a select group of Europe’s direct lenders are having difficulty raising funds and making deals.

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  High-Yield Bonds

  JP Morgan widens European spread targets, cites ‘potent cocktail’ of risk

  August 5, 2024

  European high-yield is “barely pricing any recession risk,” according to the bank.

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  CLOs

  European CLO resets rise as tightening spreads expand manager options

  July 30, 2024

  More tightly priced pre-2022 transactions have made their way into the reset pipeline, as tightening spreads and flexible structures offer managers a path to extend deals on better terms.

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  Leveraged Loans

  European Leveraged Finance Survey: Loan market to strengthen; M&A on the way

  July 24, 2024

  Leveraged finance professionals are mostly optimistic about Europe’s broadly syndicated loan market, according to LCD’s latest survey.

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  Private Credit

  Lloyds partners with Oaktree to finance UK middle-market buyouts

  July 19, 2024

  Lloyds looks to tap into the growing private credit universe.

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  CLOs

  CLO ETF managers search for foothold in European market

  July 18, 2024

  The success of CLO exchange traded funds in the US has some believing it’s only a matter of time before these ETFs cross the Atlantic.

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  M&A

  European LBO activity picks up pace as dividend deals return

  June 26, 2024

  More than €9 billion of M&A-related sponsored loan volume in Q2 makes it the busiest quarter for such activity in Europe since Q1 2022.

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  Private Credit

  Private credit comes full circle in Europe, but managers remain optimistic

  June 17, 2024

  The resurgence of the broadly syndicated loan product has taken many direct lenders back to their original playground in the mid-market.

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  Private Credit

  Europe’s direct lenders respond to bank challenge, patchy M&A outlook

  May 9, 2024

  Many private credit managers are calling 2024 ‘the year of adjustment’, as they grapple with an M&A slowdown and increased competition from the broadly syndicated market.

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  CLOs

  Deutsche Bank boosts 2024 Euro CLO issuance forecast to €37B

  April 9, 2024

  Deutsche Bank has revised its 2024 European CLO issuance forecast to €37 billion, which would rank just shy of the record €39 billion total notched up in 2021.

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  Private Credit

  Green shoots point to recovery in European PE buyout deals

  March 27, 2024

  While rising interest rates in Europe since mid-2022 benefited floating-rate assets, they hampered private equity deal-making — but signs of a recovery are emerging.

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  Private Credit

  Europe’s private credit lenders size up competition as banks stage comeback

  February 6, 2024

  Participants across Europe are confident private credit is now an established part of the financing space, but they agree there’s significant scope for banks to retake market share.

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