Latest news with #leveragedfinance
Reuters
5 days ago
- Business
- Reuters
Citi hires bankers for private credit in North America, tech in Europe
NEW YORK, Aug 13 (Reuters) - Citigroup hired two senior investment bankers this week, extending a recruitment drive by its head of banking, Viswas Raghavan. Aashish Dhakad will start in October in New York as head of private credit origination for North America as part of Citi's $25 billion push into private credit with Apollo Global Management. Dhakad, who previously worked at Ares Management and Bank of America, will report to John McAuley for private credit origination and Scott Sartorius and Ryan Williams, Citi's co-heads of leveraged finance on the continent. Separately, Amit Nayyar was appointed the co-head of tech investment banking in the UK, Europe, Middle East and Africa alongside Yishai Fransis, according to a memo seen by Reuters. He will start in the fourth quarter. Nayyar most recently served as JPMorgan Chase's head of EMEA fintech and payments coverage investment banking. He previously worked at Indian payments company Paytm and Goldman Sachs.
Bloomberg
30-07-2025
- Business
- Bloomberg
Risky Borrowers Are Piling Into a Market Hungry for Junk
Too much money is chasing too few deals in the leveraged finance market, allowing companies with even the highest default risk to pile on more leverage or save on their interest costs. Debt-fueled buyouts that typically sustain the high-yield markets remain elusive. That means cash-rich buyers of leveraged loans and junk bonds are instead piling into refinancing deals and pushing down spreads. Many higher-quality companies have already cut their borrowing costs as much as the market will allow, driving investors to spend on deals in more speculative corners of the market.
Bloomberg
22-07-2025
- Business
- Bloomberg
Bankers Alarmed over Latest PE Maneuver
Open Interest Billion dollar M&A deals are back, and usually that means leveraged finance desks across Wall Street rake in a fortune. This time around though, private equity has been cutting them out of most of the most desirable deals. Bloomberg's Reshmi Basu joined us for Wall Street Beat on Bloomberg Open Interest to talk about the trend. (Source: Bloomberg)
Bloomberg
21-07-2025
- Business
- Bloomberg
Private Equity Cuts Leveraged Loan Banks Out of M&A — and Fees
The return of billion-dollar M&A deals was supposed to be a boon for Wall Street's leveraged finance desks. It's turning out to be anything but, as private equity cuts them out of many of the most coveted deals. PE firms including Cinven, Platinum Equity and Jacobs Holding have inserted provisions into debt agreements this year that are alarming bankers who stand to lose out on some of the most profitable fees on Wall Street. These portability clauses allow private equity firms to buy and sell companies without fresh borrowings — and they're appearing with increasing regularity in refinancings on both sides of the Atlantic.
Bloomberg
02-06-2025
- Business
- Bloomberg
Goldman Sachs' Chris Bonner on Leveraged Finance Outlook
Goldman Sachs head of Leveraged Finance in the Americas Chris Bonner discusses his outlook for leveraged finance and LBOs with Bloomberg's Sonali Basak at the Goldman Sachs Leveraged Finance Conference (Source: Bloomberg)
