For a long time, it looked as though the macroeconomic adversities would completely bypass the mid-cap leveraged finance market. But what was foreshadowed in the final quarter of 2022 has been confirmed in the first quarter of this year: Inflation and rising interest rates are making private equity investors, banks, and debt funds more cautious about financing mid-cap leveraged buyouts (LBOs) in Europe, according to Houlihan Lokey’s MidCap Monitor. Thorsten Weber, Managing Director in the firm’s Capital Markets Group, discusses the findings of the report with Borsen-Zeitung.
Read a PDF of the Borsen-Zeitung article in German.