David Cox

2 months ago | pitchbook.com | David Cox

Jefferies has hired Tim Kerry as co-head of EMEA Leveraged Finance, according to market sources. As reported by LCD on Jan. 28, Kerry will work in his role alongside Bala Ramesh — the bank’s longstanding leveraged finance co-head who is also head of EMEA debt capital markets within fixed income. Kerry joins from Barclays, where he had worked since 2018 and was latterly head of EMEA Leveraged Finance Origination, according to his LinkedIn profile. Prior to that he worked at HSBC and RBS.

2 months ago | pitchbook.com | David Cox

The strength of January demand in loans is driving a repricing wave far deeper than the one that ended 2024. This surge is taking spreads to their tightest levels since 2021, and presents an opportunity for borrowers that could still have significant room to run. European loans wasted no time in getting going this year, with the market bringing 35 public launches in the month to Jan. 23, against 32 across the whole of January last year.

Jan 11, 2025 | jdsupra.com | Emily Burrows |David Cox |Michael Dashefsky

As some packed the skis and headed to their favorite slopes this winter season, it is hard not to see the analogies to the healthcare private equity (PE) transaction market as we ring in the New Year. Much like the Northern Rockies, there should be plenty of dry powder to support a robust dealmaking environment in 2025.

Dec 4, 2024 | pitchbook.com | David Cox

Conditions in European loans returned to normality in 2024 after the disruptions of the previous two years, pushing gross issuance for the year to a record high. Sponsors capitalised on heavy inflows into the asset class to refinance, reprice and add debt to existing holdings, and while there was a pick-up in buyout activity, sources say a significant return of M&A will be needed for the market to sustain momentum next year.

Nov 8, 2024 | pitchbook.com | David Cox

The mixed reaction in syndication to FNZ’s $2.1 billion, cross-border term loan to refinance private debt highlights key differences when it comes to lenders' credit selection — not only between the US and Europe, but also between institutional loans and bonds. The three-part, cross-border deal for the UK-based wealth management platform has now fully wrapped up, after an elongated syndication that got underway on an Oct. 15 call.