Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Private Equity Digest (October 2023)
October 24, 2023 Download PDF
Many private equity sponsors and their portfolio companies have begun to consider capital structure solutions to delever as their debt is expected to mature in this high interest rate environment. In this article, we focus on one such solution: the issuance of preferred equity to third parties. In market news, after a slow start to the year for global and U.S. sponsor-backed M&A, total deal values have been consistent with those seen in the latter half of 2022, however, the number of deals has seen a general decline since the fourth quarter of 2022.