Wed, Mar 23, 2022
We are pleased to share our latest debt mid-market update. In this issue, we present the results of our H2 2021 survey as well as the overall results for 2021, which track deals completed by over 55 leading European bank and non-bank lenders. We also provide commentary on current trends in the European debt mid-mid markets, including insights into key trends in UK asset backed lending (ABL) and a general market outlook for 2022.
Key Highlights
Outlook for 2022
Looking forward, the geopolitical climate is currently front of mind, casting some level of uncertainty over the initial positive outlook for 2022. While the mid-markets are generally less volatile than the syndicated loan and bond markets, investors and lenders will want to consider the impact on businesses and the economy, and also pay increased attention to potential sovereign risk and potential actions that could be taken. This is compounded by pre-existing concerns about inflation, interest rates, supply chain issues and high systemic levels of leverage as a result of pandemic led support and loan schemes. We anticipate increased levels of credit scrutiny and fierce competition for high-quality credits, as well as an increase in restructurings and (dis)stressed refinancings.
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.
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