Private Equity Virtual Series 2021 - Benelux | Mergermarket Limited | 17 June 2021 | Live
Venue
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| Event Date |
Thu Jun 17 CEST (over 3 years ago)
In your timezone (EST): Thu Jun 17 11:00am - Thu Jun 17 11:00am |
| Location | Live |
| Region | EMEA |
Details
Virtual Briefing: An outlook on LBO financing in Benelux
M&A activity in the Benelux region saw EUR 18.8bn across 217 transactions in 1Q21, reaching at least EUR 10bn for the third consecutive quarter. The region recorded the highest first quarter value since 1Q18 (EUR 19.5bn), contributing 7.7% share by value and 10.6% share by deal count towards European dealmaking, both up from FY20 (7.4% and 10.5%, respectively).
The value increased by more than 4x compared to the equivalent period last year (EUR 4.2bn) with 26 more deals announced. Foreign-led investment accounted for the bulk of M&A in the region with EUR 17.2bn across 100 deals.
Private equity buyouts soared in the first three months of the year, reaching the highest quarterly value since 1Q18 (EUR 11bn) with EUR 6.4bn recorded across 48 deals, including the acquisition of UNIT4 by TA Associates Management and Partners Group Holding from Advent International Corporation for EUR 1.7bn. Exits almost doubled by value compared to the equivalent period last year reaching EUR 2.6bn with 33 deals announced.
On the financial side, Blackstone’s acquisition of Belgian industrials asset Desotec will be backed by a cov-lite unitranche from Macquarie and Blackstone Credit. The unitranche totals around EUR 320m and is priced at 5.5%. This makes the deal approximately 8x levered off a EUR 40m EBITDA.
Talking points include:
• How do sponsors see the Benelux market evolving into 2021?
• What is the deals’ pipeline, types of deals and most attractive sectors?
• What have been the approaches of lenders to corporate stress?
• How has the lending landscape changed, given the increased interest from pan European debt funds, in a region that has strong relationships with local banks?
• How the demand for ESG metrics is impacting dealmaking
Speakers
2021 Speakers
Marc Corbidge
Managing Director, Sun European Partners
Anne-Marie Nicolas
Partner, LoyensLoeff
Boris Harmsen
Managing Director, Pemberton
Karis Hustad
Mid- Market Reporter, Debtwire
Sponsors & Partners
2021 Sponsor
• Loyens & Loeff