Deals
Bankers Need More Than Tea to Revive Europe’s M&A Debt Pipeline
- Loans to back M&A lag 15% behind 2019 and may fall further
- Unilever tea, Philips appliances, Asda could help LBO flow
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Bankers are pinning their hopes on potential jumbo buyouts such as Unilever NV’s tea business to pep up the meager debt-raising pipeline for the latter part of the year.
Sales processes put on hold or delayed while the pandemic raged are starting up as sellers regain confidence in buyers’ appetite. But the hiatus in M&A activity means there’s only a short queue of deals waiting to launch in Europe’s leveraged finance market.