October 24 - Dealscape Blog (The Deal) - As the price ceiling of the middle market has inched north, the landscape has taken on characteristics of the megabuyout playing field. Not immune to the credit crunch, the middle market has felt the heat since the summer with less liquidity and tougher terms. The Deal's Vyvyan Tenorio examined the issue in a Deal newsweekly story Oct. 1 how the landscape has changed and what it means for dealmakers. In the wake of the crunch, middle-market deals are dominating the acquisition landscape right now, Dealscape's Gerald Magpily pointed out: Eight of the top 10 domestic deals and nine of the top 10 international deals were in that realm.
But the problems are not lost on the dealmaking arena, which is typically defined by deals worth less than $750 million. Golub Capital LLC, a middle-market lender, retreated from plans to go public in mid-October, given the market for financial services-related offerings. Read More.
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