It was a busy day in the primary, as the markets continue to deal with crosscurrents of COVID-19 and election results.
Private capital fundraising posted a banner year in 2019 led Blackstone closing the largest buyout fund ever. AEI, Vista, Summit, involved in PE-related deals. Houlihan Lokey and Lincoln among top investment banks. Audax and Genstar rank among top PE firms.
Any impact from the coronavirus outbreak on commercial and multifamily loan delinquencies won't be known for some time, the Mortgage Bankers Association said.
Thermo Fisher buys coronavirus test maker Qiagen in biggest healthcare of the deal of the year. Bregal Sagemount raises third fund. In more PE news, AEI, GTCR and FP make deals.
The Federal Reserve has voted unanimously to cut the interest rate 50 basis points to 1.10% effective March 4, in the first emergency rate cut since 2008.
The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.
Clients blasted the company on social media for not being able to make trades.
Stock market volatility continues, as investors gauge the impact of the coronavirus on the global economy. We turn to dealmakers from Riverside, Merrill Corp. and Paul Hastings for insights on how the virus will affect the middle market. Houlihan Lokey, headquartered in Los Angeles, tops the list of most active investment banks in PE-backed deals. Audax, in Boston, ranks as No. 1 in PE firms doing U.S. deals.
With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.
The San Francisco bank has revised its guidance downward, while also cautioning that an outbreak of the coronavirus could take an even bigger bite out of profits in 2020.