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5 days ago | 
pitchbook.com | Francesca Ficai |Nishant Sharma
Astorg’s acquisition of biotechnology ingredients provider Solabia was supported by financing from Goldman Sachs and Arcmont, according to market sources. The lenders provided a roughly €600 million financing package, priced at around E+475 bps, with a 99 OID. The financing includes a unitranche loan of around €410-415 million and a holdco PIK facility of roughly €100 million. There is also an undrawn facility, sources added. The lenders refinanced an existing loan with new seven-year portable debt.
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6 days ago | 
pitchbook.com | Francesca Ficai |Nishant Sharma
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Feb 12, 2025 | 
pitchbook.com | Francesca Ficai
The maturation, diversification, and relentless growth of Europe's private debt market were key themes of discussion at the IPEM Wealth 2025 event in Cannes in late January. Despite headwinds for M&A activity, optimism ran high at the gathering as the industry explored new fundraising avenues, with private wealth emerging as the central focus of the meeting.
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Sep 23, 2024 | 
pitchbook.com | Francesca Ficai |Nishant Sharma
Europe's dealmakers may be feeling more optimistic than last year, as activity picks up and transaction flow improves. But in a still-difficult M&A market, private equity sponsors are attempting to solve the puzzle of how to exit their big-ticket holdings. This very topic was a key discussion point at the two-day IPEM private asset conference earlier this month in Paris.
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Aug 6, 2024 | 
pitchbook.com | Nishant Sharma |Francesca Ficai
In Europe's direct lending market this year, fewer managers have been able to raise billions of euros quickly or to easily deploy large pools of capital, suggesting the market is heavily concentrated on a select group of players. Those outside that group are having difficulty raising funds and making deals. The €10 billion raised by Arcmont in January and $4 billion by Eurazeo in May reflect the state of play in the market.
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Jun 17, 2024 | 
golubcapital.com | Francesca Ficai |Nishant Sharma
Private equity and private credit players recently gathered at the SuperReturn International conference in an event that has been coined the "Coachella" of private markets, as the asset class faces a challenging environment and shifting deal landscape. The mood was nonetheless optimistic, as more than 5,000 market participants assembled at the annual event in Berlin, with attendees also treated to some lavish parties.
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Jun 17, 2024 | 
pitchbook.com | Francesca Ficai |Nishant Sharma
Private equity and private credit players recently gathered at the SuperReturn International conference in an event that has been coined the "Coachella" of private markets, as the asset class faces a challenging environment and shifting deal landscape. The mood was nonetheless optimistic, as more than 5,000 market participants assembled at the annual event in Berlin, with attendees also treated to some lavish parties.
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Jun 16, 2024 | 
pitchbook.com | Francesca Ficai |Nishant Sharma
The resurgence of the broadly syndicated loan product has taken many direct lenders back to their original playground in the mid-market. Sources told LCD the financing is the first of its kind in Italy that involves a private credit fund alongside a bank club. Corinthia Global Management is hiring a 20-person private credit team from Barings in a rare mass move, according to market sources.
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May 24, 2024 | 
pitchbook.com | Francesca Ficai
The sale of Officine Maccaferri to Ambienta is supported by a hybrid pari passu financing between one private lender, namely Pemberton, and banks UniCredit, IMI-Intesa Sanpaolo, JP Morgan, Banco BPM, Illimity, and BPER, according to market sources. Pemberton is offering 60% of a roughly €300 million package and the rest is shared among the banks, sources said.
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Jan 24, 2024 | 
pitchbook.com | Francesca Ficai |Nishant Sharma
As plain-vanilla LBOs struggle to get into gear, take-private deals offer new opportunities to transact for European sponsors and lenders alike. For direct lenders the sometimes lengthy processes involved in closing public-to-private (P2P) deals plays to many of their strengths, even if the scrutiny and due diligence they require is far beyond a typical transaction for these firms.
