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How the Mittelstand grew to accept private debt

They may still have reservations, but mid-market German companies have travelled a long way towards acceptance of Anglo Saxon financing.

Reaching the promised land

Why has private debt so far failed to mine the rich seam of non-sponsored deal opportunities?

Oaktree’s board battle with Ranger nears a conclusion

The direct lending fund manager is buried by $700,000 in legal fees and looming scepticism over its ability to wind down .

Twin Brook supports recap of infant helmet maker

The healthcare specialist purchased the portfolio company from Cortec Group last year.

Guitar maker Gibson gets final OK for bankruptcy financing from KKR, others

Melody Capital Partners, Silver Point Capital, and Grantham, Mayo, Van Otterloo & Company are also lenders.

Breaking down borders

European private debt is fast-growing but confined to a few key markets. A deal announced this week is the kind of initiative that should boost the late developers.

EU backs €200m SME scheme in Poland

The initiative will see Polish private debt manager CVI purchase bonds from around 60 SMEs and small mid-cap firms.

Twin Brook Capital finances add-on acquisition, two recapitalisations

The Chicago-based lender places bets in the commercial hardware, corporate legal and life sciences sectors.

Portfolio markdowns, run-offs push down FSIC’s Q1 EPS

The write-downs mainly came from three equity positions and one debt investment.

Private credit managers providing bankruptcy financing to Rockport

Two private mezzanine managers and one business development company were also among the backers of a $60m prepetition ABL backing the firm’s buyout.

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