The Freeman Consulting Services team is excited to introduce a special edition of FCS Intelligence, focused on IB transactions led by private equity investors. Our newsletter analyzes the advisory fees generated in PE buyouts, as well as the arrangement fees earned by lenders in financing these transactions. We also show the top PE client relationships held by each of the top investment banks in the space.
After a banner year for PE lenders in 2017, the boom in refinancing activity has finally started to decelerate from record levels. However, deregulation may spur another wave of deals: new OCC head Joseph Otting has defanged the 2013 leveraged lending guidance, and the CLO risk retention rules were mostly nullified in February by the D.C. appellate court. Moreover, renewed volatility in the equity markets could allow PE bidders to compete favorably for deals against public companies. Blackstone’s recent $20b acquisition of Thomson Reuters assets – its largest buyout in a decade – could signal the opening of the floodgates.
FCS has extensive experience in assisting banks with client coverage strategy, and in helping PE firms optimize their banking relationships. Please contact an FCS consultant if you’d like to learn more about what FCS can do for your firm.