This report is a comprehensive overview of the European buyout market using best-in-class Leveraged Finance and M&A data across ION Analytics. 

To see the full report, please click below.

Key Trends in 1Q24:

• European buyouts in 1Q24 jumped 118% compared with 1Q23.
• Europe’s largest buyout this quarter was the EUR 4.2bn purchase of Encavis by KKR.
• Issuance of leveraged loans backing buyouts reached a new decade-low in 1Q24, dropping 7.7% in the YoY comparison to EUR 4.39bn.
• HY bond activity to finance LBOs was non-existent this quarter
• The utility and energy sector recorded EUR 4.5bn in buyouts, the highest volume of any sector.
• Sponsored term loan prices stabilised in 1Q24, starting the quarter at 94.71 and reaching 94.99 at its close.