Mid-Year Deals Update: From a Boil to a Steady Simmer
Heading into the second half of 2022, market participants look to transact before tax code changes, buyers & sellers consider impacts from many exogenous factors.
1Q 2022 Update: Middle Market Credit Spreads, Required Returns
Syndicated markets experienced increased volatility and widening in some secondary markets as capital markets as central bankers tighten policy to combat inflation and the Russian invasion of Ukraine.
Machinery & Equipment Valuations: Understanding the Importance of a Site Inspection
Three machinery & equipment valuation engagement scenarios highlight when a site inspection is required.
Middle Market CLOs: Proven Stable Performance in Volatile Credit Markets
The history and data of collateralized loan obligations show that CLOs, in general, and middle-market CLOs specifically, continue to perform very well through various economic cycles and market shocks.
How Direct Loan Market Participants Are Handling the Handoff from LIBOR to SOFR
SOFR is emerging as LIBOR’s benchmark successor for private loan market participants. Key differences in maturity and credit profiles must be considered.
A 4Q 2021 Update on Middle Market Credit Spreads and Required Returns
Post-Q4 2021, investors are reporting a greater willingness to underwrite more storied, high COVID impacted, or marginal issuers.
Valuing Venture Debt vs. Debt Instruments
What makes valuing venture debt investments unique compared to debt investments in more established companies?
A 3Q 2021 Update on Middle Market Credit Spreads and Required Returns
As we reflect on the private credit market in Q3 2021, direct lenders and private equity sponsors note trends remain similar to Q2.
FASB Implements Improvements to Deferred Revenue Accounting in Acquisitions
New FASB guidance allows companies to apply the revenue recognition standard (ASC 606).
With $3.6 Trillion in Goodwill on the Books of U.S. Companies, Panelists Argue Attention Must Be Paid
The continued growth of goodwill raises the stakes for U.S. & international standards setters considering changes to the way companies account for the assets.