The glaring instability of the world’s financial markets with interest rates soaring, global currency markets quivering as central banks aggressively tighten monetary policy to temper persistently hot inflation. That is the story line but in reality, the central banks are trying to catch up to bond markets and have lost control through years of loose policy. Inflation is supply driven, the result of political and central bank mismanagement who are all about shifting blame. Underwriters are sitting on debt while … Continue reading “Global Leveraged Loan and High Yield Markets at Standstill as Debt Sales Collapse”
Record Private Equity M&A deals Targeting Australian Companies
Global private markets heavyweights like KKR in the first months of 2022 have targeted Australia with mergers and acquisitions. There have already been a record 61 deals worth $40.1 billion in the first five months of the year. The standout deal is the $30 billion bid for ASX-listed Ramsay Health Care by a consortium of investors led by US private equity powerhouse KKR that also includes HESTA, the super fund. It is a worldwide shift, globally the value of global … Continue reading “Record Private Equity M&A deals Targeting Australian Companies”