https://pitchbook.com/tag/lbo lbo en-US Thu, 28 May 2026 22:32:51 GMT https://pitchbook.com/news/articles/pe-backed-companies-are-losing-their-direct-lending-dominance But their shrinking share of deals doesn't mean direct lenders are pulling back from private equity, yet. Thu, 28 May 2026 22:32:51 GMT https://pitchbook.com/news/articles/pe-backed-companies-are-losing-their-direct-lending-dominance https://pitchbook.com/news/articles/arcmont-goldman-sachs-among-lenders-in-1-5b-global-gruppe-refinancing The transaction is one of the largest European direct-lending deals this year, sources say. Thu, 07 May 2026 14:11:20 GMT https://pitchbook.com/news/articles/arcmont-goldman-sachs-among-lenders-in-1-5b-global-gruppe-refinancing https://pitchbook.com/news/articles/europes-direct-lenders-plot-cautious-moves-as-market-enters-new-phase Discussions at the SuperReturn Private Credit Europe event highlighted a more cautious outlook for the asset class and M&A activity, market participants say private credit is now entering a more complex phase, with investors becoming more selective — Mon, 23 Mar 2026 15:08:07 GMT https://pitchbook.com/news/articles/europes-direct-lenders-plot-cautious-moves-as-market-enters-new-phase https://pitchbook.com/news/articles/european-private-credit-defaults-in-spotlight-as-partners-groups-meister-sounds-warning The chair of Partners Group says private credit defaults could double in the next few years. Fri, 13 Mar 2026 11:53:21 GMT https://pitchbook.com/news/articles/european-private-credit-defaults-in-spotlight-as-partners-groups-meister-sounds-warning https://pitchbook.com/news/articles/european-m-a-pipeline-software-upheaval-adds-even-more-uncertainty-to-unforgiving-market Europe's pipeline highlights how laborious deal-making has become. Fri, 13 Mar 2026 11:43:28 GMT https://pitchbook.com/news/articles/european-m-a-pipeline-software-upheaval-adds-even-more-uncertainty-to-unforgiving-market https://pitchbook.com/news/articles/lonza-chi-nets-debt-to-back-lone-star-led-buyout Goldman Sachs, Jefferies and UBS are mandated to lead syndicated debt for the CHF2.3B buyout of Lonza’s CHI business, according to sources. Mon, 09 Mar 2026 15:05:36 GMT https://pitchbook.com/news/articles/lonza-chi-nets-debt-to-back-lone-star-led-buyout https://pitchbook.com/news/articles/banks-line-up-to-arrange-financing-backing-inpost-take-private The €15.60‑per‑share offer is financed by €4.95B in committed debt, including senior term loans in euros and Polish zloty. Tue, 10 Feb 2026 15:32:53 GMT https://pitchbook.com/news/articles/banks-line-up-to-arrange-financing-backing-inpost-take-private https://pitchbook.com/news/articles/european-sponsored-m-a-loan-activity-picks-up-in-2025 Refinancings grabbed the largest slice of European sponsored loan volume in 2025 at €41.2 billion — though M&A activity ran a close second with €40.1 billion. Thu, 29 Jan 2026 16:19:13 GMT https://pitchbook.com/news/articles/european-sponsored-m-a-loan-activity-picks-up-in-2025 https://pitchbook.com/news/articles/europes-direct-lenders-and-banks-deepen-partnerships-on-leveraged-deals What began as competition between banks and private credit has turned into coexistence, as both players seek to remain central to transactions. Wed, 21 Jan 2026 17:00:21 GMT https://pitchbook.com/news/articles/europes-direct-lenders-and-banks-deepen-partnerships-on-leveraged-deals https://pitchbook.com/news/articles/ramudden-global-sold-to-i-squared-capital-for-more-than-2b Closing is expected in the first half of 2026. Fri, 09 Jan 2026 11:46:58 GMT https://pitchbook.com/news/articles/ramudden-global-sold-to-i-squared-capital-for-more-than-2b https://pitchbook.com/news/articles/55b-ea-deal-is-unlikely-to-start-a-gaming-trend Private equity is looking at the industry, which has AI-related growth potential, but is constrained by the limited number of viable targets. Thu, 18 Dec 2025 20:26:16 GMT https://pitchbook.com/news/articles/55b-ea-deal-is-unlikely-to-start-a-gaming-trend https://pitchbook.com/news/articles/2026-european-loan-outlook-m-a-holds-key-to-success-as-market-eyes-new-money Modest growth in loan volumes and a healthier mix of new money are expected in 2026, but execution will hinge on M&A and LBO activity. Wed, 17 Dec 2025 09:19:03 GMT https://pitchbook.com/news/articles/2026-european-loan-outlook-m-a-holds-key-to-success-as-market-eyes-new-money https://pitchbook.com/news/articles/refinancings-chip-away-at-towering-2028-european-loan-maturity-wall From a peak of €117B in October last year, the 2028 loan maturity wall has now fallen to €74B, according to LCD. Wed, 10 Dec 2025 16:06:55 GMT https://pitchbook.com/news/articles/refinancings-chip-away-at-towering-2028-european-loan-maturity-wall https://pitchbook.com/news/articles/european-loans-post-record-volume-but-m-a-disappoints-and-returns-lag Leveraged loans delivered a second consecutive year of record volume in 2025, but other metrics underwhelmed in a volatility-punctuated market. Wed, 03 Dec 2025 18:28:07 GMT https://pitchbook.com/news/articles/european-loans-post-record-volume-but-m-a-disappoints-and-returns-lag https://pitchbook.com/news/articles/smiths-detection-eyes-cross-border-loan-backing-2b-carve-out-by-cvc CVC announced the acquisition of Smiths Detection in a Dec. 3 statement, valuing the airport security group at £2B including debt. Wed, 03 Dec 2025 16:34:58 GMT https://pitchbook.com/news/articles/smiths-detection-eyes-cross-border-loan-backing-2b-carve-out-by-cvc https://pitchbook.com/news/articles/diot-siaci-nets-350m-holdco-pik-financing-from-goldman-sachs The facility will sit alongside the company's €1.95B refinancing from July. Fri, 28 Nov 2025 10:21:19 GMT https://pitchbook.com/news/articles/diot-siaci-nets-350m-holdco-pik-financing-from-goldman-sachs https://pitchbook.com/news/articles/kersia-and-solina-sale-processes-pulled-amid-valuation-mismatches Sale processes have been halted in Europe, in a fresh indication of the challenges faced by private credit in getting deals over the line. Thu, 27 Nov 2025 15:48:50 GMT https://pitchbook.com/news/articles/kersia-and-solina-sale-processes-pulled-amid-valuation-mismatches https://pitchbook.com/news/articles/european-high-yield-issuance-nears-annual-record-powered-by-refinancings Many issuers that had delayed refinancing fixed-rate debt have rushed to complete such deals in 2025. Wed, 26 Nov 2025 15:56:57 GMT https://pitchbook.com/news/articles/european-high-yield-issuance-nears-annual-record-powered-by-refinancings