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2 weeks ago | 
bloomberg.com | Francesca Veronesi |Francine Lacqua
Private markets face meltdown if the US economy slips into a serious recession, according to Jefferies’ global head of equity strategy Christopher Wood . “If there is a real US downturn, what blows up in America is private equity, private credit,” Wood said, in an interview with Bloomberg TV on Wednesday. “But we need a real downturn, without that downturn, you won’t get the blowup.”
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2 weeks ago | 
bloomberg.com | Francesca Veronesi |Francine Lacqua
Have a confidential tip for our reporters? Before it’s here, it’s on the
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2 weeks ago | 
news.bloomberglaw.com | Francesca Veronesi |Francine Lacqua
Private markets face meltdown if the US economy slips into a serious recession, according to Jefferies’ global head of equity strategy Christopher Wood. “If there is a real US downturn, what blows up in America is private equity, private credit,” Wood said, in an interview with Bloomberg TV on Wednesday.
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2 weeks ago | 
news.bloombergtax.com | Silas Brown |Francesca Veronesi
Private credit lenders including Intermediate Capital Group Plc, Goldman Sachs Asset Management and the direct-lending unit of JPMorgan Chase & Co. are among firms in early-stage talks to provide roughly €1.6 billion ($1.8 billion) to refinance the debt of Belgian drugmaker SERB Pharmaceuticals.
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2 weeks ago | 
news.bloomberglaw.com | Silas Brown |Francesca Veronesi
Private credit lenders including Intermediate Capital Group Plc, Goldman Sachs Asset Management and the direct-lending unit of JPMorgan Chase & Co. are among firms in early-stage talks to provide roughly €1.6 billion ($1.8 billion) to refinance the debt of Belgian drugmaker SERB Pharmaceuticals.
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1 month ago | 
news.bloombergtax.com | Claire Ruckin |Francesca Veronesi
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 month ago | 
bloomberg.com | Claire Ruckin |Francesca Veronesi
HSBC Holdings Plc and Lloyds Banking Group Plc have together led about £600 million ($781 million) of debt financing to support the acquisition of UK-based safety systems firm Kee Safety. Both banks are anchor lenders for the transaction, and Lloyds’ portion included cash from its joint-venture with Oaktree Capital Management, which was announced last year, according to people familiar with the matter who asked not to be identified because the deal is private.
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1 month ago | 
yahoo.com | Silas Brown |Claire Ruckin |Francesca Veronesi
(Bloomberg) -- Private credit lenders are in advanced talks to strike a €6.25 billion ($6.8 billion) loan deal with online classifieds company Adevinta ASA, which would be among the largest of its kind, people with knowledge of the matter said. Most Read from BloombergAdvertisementIf the deal goes ahead, it would represent a blow to banks who pitched to refinance the company’s debt. Though bank debt is usually cheaper, private credit funds are better able to execute loans in uncertain times.
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1 month ago | 
news.bloombergtax.com | Silas Brown |Claire Ruckin |Francesca Veronesi
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 month ago | 
news.bloombergtax.com | Silas Brown |Claire Ruckin |Francesca Veronesi
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
