Thought leadership on cross-border M&A, capital formation, restructuring, and markets.
• Global deal volumes have largely returned to pre-COVID levels
• Valuation multiples stabilized around 8–10× EBITDA
• Financing structures shifted toward higher leverage with protective covenants
Read more at Reuters.
• Mid-market firms are bypassing banks to secure non-dilutive growth capital
• Direct lenders are offering faster execution and flexible covenants
• Private credit now represents over 20% of the leveraged loan market
Read more at Financial Times.
• Trade tensions are delaying regulatory approvals by 30+ days
• Currency hedging strategies are critical to protect deal value
• Advisers now build bespoke SPV structures to streamline compliance
Read more at Reuters.
• SPAC issuance declined 40% vs. 2024 amid increased SEC scrutiny
• Direct listings appeal to founders avoiding lock-up constraints
• Traditional IPOs still lead in raising larger aggregate capital
Read more at Reuters.
