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How Private Credit Funds are Making Debt Look a Lot Like Equity

Reynolds Holding

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. First, there is more corporate debt now than ever. billion financing for Finastra and €4.5 billion financing for Adevinta ASA. The private credit market has reached $1.6

Equity 64
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Cooley’s 2023 Cross-Border M&A Year in Review: Navigating Choppy Waters into a More Buoyant 2024

Cooley M&A

The higher interest rates escalated borrowing expenses, making mega-deals (deals valued at $5 billion or more) significantly more expensive, due to their heavy reliance on debt financing, and impacted valuation multiples with higher discount rates. For example, while the $7.3

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DEBRA, next big tax reform in Europe?

Simply Treasury

The idea is not new to encourage companies to increase their capitalization and reduce their bank debt (partly through more recourse to the capital market - CMU project). This disincentive is intended to reduce the attractiveness of debt financing, regardless of its origin. A very simple approach indeed.

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