Analysis

The Deloitte Alternative Lender Deal Tracker Q4 2016

Alternative lenders: UK deal flow bounces back?

The Deloitte Alternative Lender Deal Tracker now covers 55 leading Alternative Lenders, with whom we track primary mid-market deals across Europe.

The fourteenth issue covers data for the fourth quarter of 2016 that closed with 68 deals completing, representing a 2% increase in deal flow on a last 12 months basis in comparison with the previous year.

Key highlights

  • The number of deals covered has increased to 925 transactions over the past 17 quarters
  • This issue covers data for the fourth quarter of 2016 that closed with 68 Alternative Lender deals representing a 2% increase in deal flow on a last 12 months basis in comparison with the previous year
  • The UK deal count increased by 48% in Q4 2016 compared to the previous quarter but it remains to be seen whether this bounce-back sustains throughout the year.
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Insights into the Deloitte Alternative Lender Deal Tracker

Currently covers 55 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.

Background

Our Debt Advisory team has been in active dialogue with the leading European Alternative Lenders to set up a quarterly database, which monitors the primary European mid-market deal activity involving these lenders. 55 alternative debt funds currently participate in the Deloitte Alternative Lender Deal Tracker and the results are released to interested parties on a quarterly basis in a public version of the tracker.


Previous editions

Deloitte Alternative Lender Deal Tracker - Q3 2016
Deloitte Alternative Lender Deal Tracker - Q2 2016
Deloitte Alternative Lender Deal Tracker – Q1 2016

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