Recent Insights

Singapore
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Southeast Asia’s star ready to rise
M&A Explorer | Tech innovation and frontier-market growth both point to dynamic future for regional M&A
Bank notes
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Sovereign wealth funds power M&A in 2023
M&A Explorer | State-owned funds continue to be active players on the global dealmaking scene, despite the market downturn
banknote
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European NPLs: Market earns welcome breathing room
The ongoing decline in NPL volumes in 2022 and pivot towards smaller disposals leave European lenders well positioned to withstand adverse economic conditions.
Grocery store with shopping cart
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Dealmaking set for comeback in North America’s food industry
M&A Explorer | M&A is proving popular with companies looking to reinvigorate their portfolios and adapt to shifting consumer demands
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International bidders bolster German M&A
M&A Explorer | Amid a challenging economic climate, international buyers prompted by the energy transition target mainstay sectors including industrials & chemicals and automotive
brussels_hero_1600x600
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Carve-outs: A valuable tool for European firms
M&A Explorer | Strategic carve-outs continue to present a strong business case, as companies shed non-core assets and position themselves for growth
Gold mine
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Geopolitics and decarbonization in the mining & metals sector
Geography—as much as geology—is driving commercial activity and opportunities for mining & metals firms as decarbonization accelerates
Fintech unicorn
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Financial institutions M&A: Sector trends - September 2023
We highlight the key UK & European M&A trends in H2 2022 and H1 2023, and provide our insights into the outlook for M&A moving forward.
Offshore Winds
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Transatlantic M&A bull run set for comeback
M&A Explorer | Encouraged by the relative strength of the dollar and improving financing conditions, US bidders are snapping up European assets
metal wall
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US high yield markets spring to life
Debt Explorer | High yield bond activity rallies in the US as borrowers pivot away from pricier leveraged loans, but European and Asian markets remain challenged
technology
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Generative AI boom sparks investment spree
M&A Explorer | A flurry of dealmaking is taking place as investors look to stake their claim in AI's newest frontier
wind turbines at sea
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Pivot potential: A deep dive into offshore wind in the Gulf of Mexico
After years of blunted growth and false starts, the US is finally scaling up offshore wind, with the Gulf of Mexico as the potential new setting.
building windows
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Term loan C in the spotlight
Debt Explorer | In debt markets characterized by tighter liquidity and cautious lenders, term loan C debt is providing borrowers with essential liquidity
Spain
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Spanish M&A resists market pressures in H1
M&A Explorer | The country’s hotly targeted renewables sector ensured a steady flow of deals in the first half of the year
M&A
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Subdued macro conditions shelve major loan activity
Debt Explorer | Loan issuance across all major jurisdictions saw year-on-year double-digit declines during the first half of 2023, as high inflation and rising interest rates continued to weigh on loan activity
stock board
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Global M&A faces market headwinds in Q2
M&A Explorer | Ongoing uncertainty hampers dealmaking in second quarter of the year, but mining megadeals and the race for clean energy offer a ray of hope
Sydney
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Flexibility is key: Australia’s leveraged finance market rises to the challenge
Debt Explorer | Sponsors hope increasing competition and the flexibility of Australia’s leveraged finance market will provide increasing optionality during challenging times
Office buildings at night
Public-to-private deals offer a bright spot in flat M&A market
Debt Explorer | Private equity buyout activity has slowed in the face of macroeconomic headwinds, but public-to-private transactions have shown little sign of slowing down
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Africa Focus: Summer 2023
Delivering growth through sustainable development
Mining & Metals
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Securing investment: FDI screening and the mining & metals sector
In the world of shifting geopolitical tensions and supply chain vulnerabilities exacerbated by the COVID-19 pandemic, the push for mineral & metal security is changing the way governments, regulators, sector participants and lenders evaluate foreign investment.
Chicago
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US issuers flock to convertible bonds in choppy market
Debt Explorer | Slowdowns in US IPO, high yield and syndicated loan markets have revived US convertible bond issuance as borrowers seek out cheaper debt due to rising interest rates
women in mining
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Changing the face of mining
A review of women on boards and C-suite positions in the mining industry 2012 – 2022
Poland
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Czech and Polish governments step up to support exporters
Debt Explorer | Few markets have been as directly impacted by the conflict in Ukraine as those in Czechia and Poland, but governments in both countries have stepped up with financial packages to shield exporters from the fallout
India
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Time to shine in India’s M&A market
M&A Explorer | M&A activity in the world’s most populous country is nothing short of impressive
Stock market
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Fund finance market—adapting to change
Debt Explorer | The fund finance ecosystem is in a period of flux as lenders and private equity funds take stock of new regulatory capital requirements and the impact of the collapse of several market participants
Patterns
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How CLOs are dealing with a post-SVB world
Debt Explorer | The fund finance ecosystem is in a period of flux as lenders and private equity funds take stock of new regulatory capital requirements and the impact of the collapse of several market participants
Tokyo
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A spotlight on shareholder value spurs Japanese M&A
M&A Explorer | Much needed business restructurings and government incentives have the potential to drive acquisitions and divestments in Japan
maze garden
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2023 Global compliance risk benchmarking survey
Industry perspectives on the state of compliance today and effective strategies for managing compliance risk within the changing regulatory landscape
Close up shot of pipette tips
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European biotech enjoys a burst of dealmaking activity
M&A Explorer | The first quarter saw a string of transactions after a punishing year for the sector
Led lights
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Public-to-private deals continue their hot streak
M&A Explorer | Even as public equity markets return to life, sponsors still find value in take-privates
Madrid
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Buyout and M&A slowdown weighs on debt markets in Spain
Debt Explorer | Prolonged M&A auction processes and cautious banks have put the brakes on leveraged finance activity in Spain, opening up opportunities for foreign lenders and private debt funds to gain market share
Middle East
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Restructuring reforms energize the Middle East
Debt Explorer | The Middle East restructuring landscape has been transformed in recent years, attracting new investors and providing borrowers and lenders with more flexibility
Istanbul
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M&A in Türkiye continues to perform
M&A Explorer | Deal activity in Türkiye remained resilient in Q1 2023, despite pre-election uncertainty, record-breaking inflation, a devastating natural disaster and geopolitical concerns, mainly due to the Russia-Ukraine war
London hero image
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UK M&A volume continues to impress despite value crunch
M&A Explorer | This year should continue to deliver a steady pipeline of deals in what remains one of Europe’s most dynamic markets
stock market
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Europe’s PE market braces for impact
M&A Explorer | Despite a slow start to the year, fundraising for impact strategies in Europe is on the rise and the long-term prospects are bright
Jakarta, Indonesia
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Indonesia is riding strong tailwinds
M&A Explorer | Solid growth and promising deflationary signals are fueling a kinetic deal market in Southeast Asia’s largest economy
skyscaper
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High yield bonds held firm in the first quarter against a tough backdrop
Debt Explorer | Despite ongoing economic headwinds, global high yield bond markets showed gains in the first quarter of 2023.
stock market
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Macro headwinds dampen loan activity
Debt Explorer | Stubborn inflation, ongoing interest rate hikes and the banking crisis in the US and Europe have slowed activity across global loan markets at the start of the year, but there are signs that loan issuance may start rebounding in the months ahead.
Screen with source code
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Global software M&A volume rebounds
M&A Explorer | Tech valuations fell through the second half 2022 and M&A in the sector shifted gears producing a rise in lower-value deals, particularly among private equity (PE) firms. That trend continued in Q1 2023
Office building
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Global PE activity returns to baseline as boom fades
M&A Explorer | Aggregate global buyout value dipped sharply in the second half of 2022 reverting to pre-pandemic levels—the first three months of 2023, however, have seen an uptick in volume