September 18 - Financial Post (Canada) - The market for highly-leveraged, mega-cap private equity deals involving names like First Data Corp. and TXU Corp. in the U.S., and Bell Canada Inc. in Canada, may be tightening up, but that does not appear to be the case in the mid-market just yet.
The space where companies with roughly $50 to $300-million in revenue operate is the focus of institutional fund manager Penfund, who is eager to capitalize on any such shift in debt markets. The firm does equity investing via buyouts and minority investments, as well as provides private high-yield debt.
“Right now, conditions are still pretty good,” said Adam Breslin, a partner at Penfund. “There hasn’t been a major bank tightening for the middle market so far.” Read More.
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