Insight

Loans Highlights: First 9 Months 2021

Real Estate/Property Loans Gaining Traction Among the top-three sectors issuing loans, the largest has been the computers & electronics sector space. Activity leapt 76% to reach USD 446bn in 1Q-3Q21, commanding a market share in excess of 11% and marking a gain of two percentage points from 1Q 3Q20, as the world adapts to, and […]

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M&A Highlights: First 9 Months 2021

Global: Software eats the world The idea that “software is eating the world” – expressed by venture capitalist Marc Andreessen in 2011 – has found its truest expression yet in 2021. Technology accounts for 27% of global deal value (USD 1.2tn across 8,797 deals) so far this year, the largest ever share.   Healthcare holds […]

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ECM Highlights: First 9 Months 2021

Global Overview: Size Matters Even as PE funds, VCs, founders and corporate-led carve-outs form a widening pool of issuers, investors know what to look for: quality, liquidity and growth, according to Gareth McCartney, global co-head of ECM at UBS. Indeed, more mega-IPOs have happened in 2021 than ever before, with twice as many USD 1bn+ […]

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Global Markets Rankings: First 9 Months 2021

Global Markets Rankings for First 9 Months 2021 Our quarterly rankings are now available   ECM Rankings Global IPO volume first nine month record high, despite continued cool down from the peak in Q1 2021 View Report   M&A Rankings Global M&A reaches highest F9M volumes in history with $4.51tr View Report   DCM Rankings […]

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M&A Highlights: First Half 2021

US SPACs issuance collapse in 2Q Special Purpose Acquisition Companies (SPACs) have fuelled IPO issuance on US exchanges over the last twelve months. So far this year, 350 SEC-registered SPAC IPOs have been priced, raising USD 107.6bn. However, SPAC IPO issuance dropped significantly in April, with the bulk of activity occurring in 1Q21.   SPAC […]

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ECM Highlights: First Half 2021

Global Overview: 2Q numbers boost stellar six months Though 2Q21 paused for breath by comparison with a stellar opening quarter, 1H21 global ECM issuance still came in at USD 785bn – up a staggering 62% year-on-year. That 2Q tally is no slouch, either. At USD 316bn, 2Q21 may be down 8% against the backdrop of […]

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DCM Highlights: First Half 2021

Use of Proceeds for Debt Repayment Drops, While Acquisition Finance Rises Year-over-Year Fewer companies have sought to repay debt, while more have been raising money for M&A albeit still lower than pre-pandemic levels. In 1H21, USD 473bn was borrowed to repay debt, refinance and recapitalise, down 33% from the same period last year, as corporates […]

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Loans Highlights: First Half 2021

Refinancings Seize Lion’s Share of Global Proceeds Financial uncertainty caused by the global pandemic has manifest in a changing economic climate, and this, in turn, has seen a shift in the use of proceeds since last year. Refinancing volumes snared an impressive 51% of global proceeds, soaring to USD 1.39trn in 1H21 from USD 879bn […]

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Leveraged Finance Highlights: First Half 2021

Technology Drive Global Issuances by Sector Technology and healthcare leveraged finance issuers have dominated the market in both the Americas and Europe. In the Americas, the technology space raised USD 140bn, followed by USD 80bn for healthcare and USD 54bn for telecoms. In Europe, healthcare issuances led the way with USD 30bn, followed by technology […]

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Global Markets Rankings: First Half 2021

Global Markets Rankings for First Half 2021 Our quarterly rankings are now available   ECM Rankings Record half-year volume for global ECM of $818bn reached in 1H 2021 View Report   M&A Rankings Global M&A reaches highest 1H volume on record with $2.96tn View Report   DCM Rankings JPMorgan leads DCM global and US tables; […]