European Acquisition Finance Debt Report 2014
25 Feb 2014
This report, written in collaboration with DLA Piper, provides insight into the European acquisition finance debt market. It is based on a survey of over 250 debt providers, advisors, sponsors and corporates in November and December 2013 and features extracts from interviews with numerous senior dealmakers.
2013 was a busy year, with a surge of refinancing activity leading to an increase of over 25% in deal volume. In fact, the quantum of refinancings was so significant that, for the first time in many years, the number of refinancing transactions exceeded primary deals. Deal activity aside, 2013 will long be remembered for the influx of alternative lenders offering a diverse range of new structures. Private debt funds have had the most profound impact on the European market, participating in over 50 deals in 2013, a significant increase on 2012.