Wall Street plays long game as deals go private

Quick Summary:

AKKR & Co.debt sale shows how far Wall Street is willing to go to keep leveraged underwriting business from slipping away to private credit after periods of turmoil.

More than 10 lenders including Apollo, Jefferies and CVC took part in what became possibly the tightest-ever pricing for a European direct lending deal despite the market turmoil.

In exchange, KKR will allot them a part of the fee on the deal they lost to private lenders led by Apollo Global Management Inc., according to people familiar with the matter who asked not to be identified because the matter is private.

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Article Details

Author / Journalist: Claire Ruckin / Bloomberg

Category: BusinessStartups

Markets: Philippines

Topics: Business Banks Market Leveraged Credit Private Lenders Buyout Debt Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 11:40:52 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1011 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28562778

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