Amid the turmoil caused by the pandemic, technology and life science firms are seeing strong growth – and lenders are taking advantage.
Transactional activity has taken a major hit in the US, but distressed deals will be available for those willing to wrestle with the complexities.
So, what are today’s hot sectors? John Bakie runs the ruler over the likely winners and losers.
As costs continue to be squeezed, and with government help set to be phased out, many businesses will need to take action to stay afloat in the months ahead. Jatinder Bains of Macfarlanes examines the pros and cons of the company voluntary arrangement.
The firm hopes to expand its UK footprint as other lenders remain overinvested in the country.
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Private equity-owned LBOs are dominating the expanding pool of speculative-grade defaults.
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The coronavirus crisis kept banks away from the LBO market in Q2 but alternative lenders remained open for business.
The Milan-headquartered asset manager has acquired the interest through a US subsidiary, which provides firms with permanent capital to support their further growth.
Banks had still not fully dealt with the fallout from the GFC before the latest crisis came along. The pile of NPL stock is now set to grow much bigger, says Zach Lewy of Arrow Global.
Credit Opportunities Fund II has held its final close, surpassing its $500m target.

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