A difficult macro backdrop has not spared the healthcare sector entirely, but Aymen Mahmoud of McDermott Will & Emery thinks activity in selected areas is likely to pick up.
-80x80.jpg "Manulife agrees to buy CQS for an undisclosed sum")
Asset managers see synergy in CQS’ investment process and Manulife’s broader footprint.
PDI’s Germany Forum examined the upcoming opportunity set for distressed and special situations as a refinancing wave looms.
Fund managers are celebrating their good fortune when it comes to new transactions, while also fearing what might lie ahead for their existing portfolios.
No-one should expect a sudden 2008-style surge in non-performing loans, but economic headwinds are expected to eventually translate to a promising opportunity set.
Assisted by volatile market conditions, private debt firms have carved out a place for themselves in the mega-financing arena once solidly occupied by the banks.
Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.
Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.
European transactions have dropped to the lowest number since the covid-19 pandemic broke out, due to a sharp decline in LBO volumes and other difficult market conditions.
Lender-on-lender violence is being seen with increasing frequency as private debt firms show their willingness to be aggressive in stressed scenarios.