Lending

As a long-term partner to the lending community, Lincoln provides lenders with direct services and connects them to new opportunities that bolster their business. The data and insights Lincoln delivers to lenders can add substantial value to their portfolios.

Learn more with the lending perspectives below.

Summary

Related Perspectives

Real Deals | Adapting to the Dealmaking Drought

Originally posted by Real Deals on September 26, 2023. 2023 has seen slower deal activity across Europe and many are hopeful that the market will pick up in the near… Read More

Real Deals | Yield of Dreams

Originally posted by Real Deals on August 29, 2023. Private debt is growing quickly despite rising interest rates. Recent Preqin data indicated that $33.7 billion was raised in Europe in… Read More

Dividend Recapitalization Activity Shows Signs of Renewed Life

The dividend recapitalization market slowed down in 2nd half of 2022 as companies digested rising interest rates. However, in recent months, there has been an uptick in volume as borrowers… Read More

LevFin Insights | EMEA Insight: Floor but no Ceiling: European Direct Lenders Keen to Prepare Loan Agreements for Falling Interest Rates

Originally posted by LevFin Insights on August 7, 2023. As inflation is easing and many are predicting interest rates will decline in the near term, direct lenders are requesting 1-2%… Read More

Pitchbook | European Banks Claw Back Mid-market Share as Funds Chase Big Deals

Originally posted by Pitchbook on July 28, 2023. The private debt market has grown exponentially over the past few years. In the current economic environment with rising debt costs and… Read More

Real Deals | PE-backed Companies Performing ‘Robustly’ Compared to Public Companies

Originally posted by Real Deals on June 7, 2023. According to Lincoln International’s proprietary Valuations & Opinions Group Q1 2023 data, European private companies are performing better than public companies… Read More

Leading Indicators Show Declining Ability to Service Debt

According to Lincoln International’s proprietary private market database, maintained by Lincoln’s Valuations & Opinions Group, highly leveraged, privately-held companies are feeling the pinch as rising interest rates begin to take… Read More

PitchBook | Fixed Charge Coverage Shrinking on Midsized Companies – Lincoln

Originally posted by PitchBook on May 9, 2023. Rising interest rates are negatively impacting borrowers in the middle market. Christine Tiseo, Managing Director and co-head of Lincoln’s Capital Advisory Group,… Read More

Aerospace and Defense: Factors Powering M&A Activity

Lincoln International was pleased to speak on the Reshaping the Supply Chain Landscape: M&A Trends panel at Aviation Week Network’s A&D Supply Chain conference. During the panel, industry experts revealed… Read More

U.S. Distribution M&A Continues in an Evolving Market

Macroeconomic uncertainty, particularly the combination of widespread price inflation (and the Federal Reserve’s response to it) and expectations for a downturn in 2023, have eroded investor confidence since mid-2022, driving… Read More

Private Equity International | How Private Equity Valuations Measure Up

Originally posted by Private Equity International on February 28, 2023. Private equity firms have been navigating market volatility for the past 12 to 18 months, and public market valuations have… Read More

Pitchbook | Private Credit Borrowers Turn to Structured Capital, PIK with Debt Costs on the Rise

Originally posted by Pitchbook on February 27, 2023. Borrowers are navigating higher interest rates and input costs while earnings are slowing in many cases, and lenders are hesitant to add… Read More

Structured Capital Can Unlock Incremental Liquidity During Periods of Credit Market Uncertainty

Structured capital is a highly bespoke form of capital that bridges the gap between traditional debt and common equity. As traditional debt markets continue to traverse a period of uncertainty… Read More

Private Equity International | Covenant Breaches Trend Upward as GPs Navigate Uncertainty

Originally posted by Private Equity International on February 22, 2023. According to the Lincoln PMI (LPMI), private equity (PE) firms and their portfolio companies are becoming increasingly concerned about financial… Read More

CFO | Earnings Multiples for PE-Backed Firms Fall for 7th Straight Quarter

Originally posted by CFO on February 22, 2023. For private companies, a modest increase in EBITDA kept their valuations from declining in Q4 2022. In fact, the Lincoln PMI (LPMI)… Read More

Private Debt Investor | Podcast: The Window of Opportunity for Private Credit

Originally posted by Private Debt Investor on January 5, 2023. Dominik Spanier, Managing Director in Lincoln’s Capital Advisory Group, reveals several private credit trends. Listen to the podcast.

Lending Opportunities Abound for PE Investments in Digital Infrastructure

COVID-19 flipped the script on infrastructure investments. Lockdowns and travel restrictions have proven certain traditional infrastructure assets, like airports and public transportation hubs, are not always as low-risk an investment… Read More

Private Debt Investor | Loan Note: The Growth of ‘Super Senior;’ Covenant Breaches on the Up

Originally published by Private Debt Investor on July 21, 2022. Aude Doyen, Managing Director in Lincoln’s Capital Advisory Group, offers a perspective on the reasons why private credit covenant breaches… Read More

European Lending Markets: Navigating Debt Financing in Uncertain Times

As geopolitical tensions evolve, global inflation rises and companies cope with worldwide supply issues, many businesses are assessing their strategies for accessing debt financing in today’s market. In a recent… Read More

Debtwire | ARR-based Financing Uptake Challenges Lenders’ Cashflow Orthodoxy – Mid-Market Chatter

Originally published by Debtwire on March 3, 2022.  Xenia Sarri, Managing Director in Lincoln’s Debt Advisory Group, discusses how last few years have seen increased prevalence in ARR-based lending across… Read More

Bloomberg | Private Lenders Ratchet Up Risk as They Fight for Business

Originally published by Bloomberg on August 13, 2021.  Lincoln International’s Ron Kahn, Managing Director in the firm’s Valuations & Opinions Group explores findings from the Q3 2021 Lincoln Private Market Index. Click… Read More

Private Debt Investor | How Lenders are Adapting to Today’s Favoured Sectors

Originally published by Private Debt Investor on August 31, 2021.  Xenia Sarri, Managing Director in Lincoln’s Capital Advisory Group, speaks with Private Debt Investor for its September’s edition on ways… Read More

Bloomberg | Direct Lending Growth Spurt Brings Calls for More Transparency

Originally published by Bloomberg on June 16, 2021. Richard Olson, Managing Director of the firm’s Valuations & Opinions Group, provides insight around the drive for more visibility on valuations with… Read More

Webinar | Software Financings and the Rise of the Non-Bank Lending Market

On Wednesday, April 14, 2021, Lincoln International hosted a webinar to discuss the latest trends in software financings. With a shift in the market towards non-bank lenders, software businesses that… Read More

Energy Power & Infrastructure

Bright Spot: The Sun Shines on Solar Energy Investment

Renewable energy generation is a growing priority for countries across the globe. In 2015, 196 parties adopted the Paris Climate Agreement and in 2021 the United Nations Framework Convention on… Read More

No EBITDA, No Problem: Software Financing and the Rise of the Non-Bank Lender Market

The technology sector has been a bright spot for years. Even during the challenges created by the pandemic, our Lincoln International M&A bankers are seeing record levels of software investments… Read More

The Nordic Lending Landscape: Trends in Corporate Credit Through COVID-19

The unprecedented market turbulence of 2020 has resulted in challenges in raising middle market debt in the Nordic region, as the syndicated banking loan market shut down and commercial banks… Read More

Bloomberg | Private Lenders Get Juicier Yields in Battered Middle Market

View original post from Bloomberg on May 7, 2020 here. Small and mid-sized companies are facing higher borrowing costs as private lenders grow more cautious about lending to beaten-up businesses. This… Read More

Pitchbook | Q&A: The State of Global Lending

View original post from Pitchbook on September 16, 2019 here.                                           … Read More