Companies in need of debt solutions are increasingly turning toward PE shops, which are in turn looking for more efficient ways to deploy capital at a time when debt is scarce.
News that private equity dealflow has slowed is no new news; the asset class faces difficulty in putting a record overhang to use given tight restrictions on how much debt can be found for deals.
As debt markets see little movement, recent acquisitions require innovative solutions in place of favorable loan terms.
Merrill vet David Stith is one of more than 125 new hires to join Cantor Fitzgerald this year.
Centerbridge Partners held an interim close on a new debt fund, locking down commitments from 37 investors so far.
Morgan Stanley has added a pair of executives to run its retail and small business banking segment, signaling that Morgan will oversee more commercial banking activities as the investment banking landscape shifts.
The struggles of companies like GMAC, GE Capital and of course the GSE's Fannie Mae and Freddie Mac underscore the opportunity in the fragmented debt collection industry.
American Greetings Corp.'s disclosure that it had bought $44 million in the first-lien debt of privately-held Recycled Paper Greetings came as a surprise.
Kohlberg & Company, the Mt. Kisco, New York private equity firm, has agreed to acquire foods company Centerplate, Inc. in an all cash transaction.
Institutional investor appetite for emerging-market private equity funds shows no signs of slowing, according to data from EMPEA.