Analysis

The Deloitte Alternative Lender Deal Tracker Q1 2017

The race for GDP growth: Europe closes in on US

The Deloitte Alternative Lender Deal Tracker now covers 59 leading Alternative Lenders, with whom we track primary mid-market deals across Europe.

The fifteenth issue covers data for the first quarter of 2017 that closed with 79 deals completing, representing a 7% increase in deal flow on a last 12 months basis in comparison with the previous year.

Key highlights

  • 2017 has been a bumper start for Europe where in Q1 2017 we saw US$9.1bn of closings, nearly twice the value of all of 2016 European fundraising.
  • The number of deals covered has increased to 1011 transactions over the past 18 quarters.
  • This issue covers data for the first quarter of 2017 that closed with 79 Alternative Lender deals representing a 7% increase in deal flow on a last 12 months basis in comparison with the previous year.
  • Of 79 deals we observed in Q1 2017, over 60% were completed outside of the UK, representing a significant increase in comparison with the previous quarter.
  • In the race for growth, Europe is gaining strength and is closing in on the US, with GDP across the Eurozone increasing by 0.6% quarter-on-quarter during the first three months of 2017, and 1.9% on prior year versus 2.0% for the US.
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Insights into the Deloitte Alternative Lender Deal Tracker

Currently covers 59 leading Alternative Lenders. only primary mid-market UK and European deals are included in survey

600
Total deals completed
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300
Euro deals completed
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274
UK deals completed

* For the purpose of the deal tracker, we classify senior only deals with pricing L + 650bps or above as unitranche. Pricing below this hurdle is classified as senior debt.

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