The mid-cap leveraged finance market in Germany is showing the first signs of recovery, according to the latest edition of Houlihan Lokey’s MidCapMonitor. Between July and September, there were more transactions than in the previous quarter for the first time since the end of 2022. The report records all mid-cap LBO financing by private equity investors as well as the associated add-on financing, refinancing, and recapitalizations in Europe with transaction volumes of between €20 million and €500 million. Thorsten Weber, Managing Director in the firm’s Capital Markets team, discusses the findings of the report with Börsen-Zeitung.