Israeli forces launched heavy air attacks on Rafah last week, killing displaced Palestinians and pushing the fighting even closer to Egyptian territory.
@lar_gibson
examines how Egypt could react if Israel goes ahead with a ground invasion of Rafah 🔗
Direct lenders are circling the carve-out of U.K. dessert manufacturer Gu Puds from Noble Foods as the sale enters a second round of bids with sponsors and corporates bidding. Only funds are tracking the sale with leverage levels in the range of 4x to 5x.
As the tussle between liquid lenders and private credit intensifies, 9fin’s Laura Thompson and
@lar_gibson
look at which side is better positioned for expected dealflow in September. Includes market feedback on the pricing differential as well as outliers
While the external debt crisis in Egypt has been addressed in the short and medium term thanks to fresh dollar inflows, the domestic debt market remains a burden on the state budget and a hindrance to private sector growth due to crowding-out effects.
I spoke to Paul Kirkbright, head of Alvarez & Marsal's EMEA restructuring team, to discuss all things distressed as part of
@9finHQ
's 9Questions series:
Israel's plan to take full control of the Philadelphi Corridor and cut off Gaza from Egypt has sounded alarm bells in Cairo.
@lar_gibson
explains why ⬇
Analysis: The funding, which pushes Egypt closer to the EU than ever before, gives Cairo the incentive to implement even harsher policies towards migrants
The real price of Egypt's €7.4 billion agreement with the EU 👇
🖋
@lar_gibson
.
@houlihanlokey
is expected to sell U.K. home improvement group Bathroom Brands for a valuation of 8x based on a pro forma
#EBITDA
of £17M, sources told
@Reorg
. Click through and request a trial for our exclusive analysis:
Still wrapping my head around what happened yesterday in Egypt. If anyone wants to chat about the impacts of the devaluation, IMF announcement and rate hike for an article please get in touch larajournalism
@gmail
.com
Hello! I’m looking for an economist/Egypt analyst to comment on Egypt’s economic recovery and improvement in its oil and gas output by the end of today
#journorequest
Dutch lifestyle products retailer Fatboy is working with financial advisor Lincoln International (
@LincolnInt
) to launch a sale process which is expected to be supported by a financing package, sources told
@Reorg
Analysis: A renewed relationship between the Eastern Mediterranean's two largest military powers is likely to shift geopolitical dynamics in the region and could resolve key deadlocked issues
✍️
@lar_gibson
#MiddleMarket
: Sponsors and direct lenders are tracking the sale of U.K.-based e-learning platform ICS Learn as the lender education is ongoing. Houlihan Lokey has been hired to run the sale and information memoranda have been circulated. Read more:
In my first article for
@REDDintelligence
, I explored Tunisia’s increasingly likely sovereign debt restructuring and the implications of a delayed IMF deal. Thank you
@bess_aymen
and
@SarahEYerkes
for sharing your expertise🇹🇳
#MiddleMarket
: A €10 million piece of Pepe Jeans’ bank debt is up for sale at 65/70 as lenders review their positions. The debt has not traded yet but supply is being talked about. Click through to request trial access to our reporting to Pepe Jeans:
All over Egypt from street kiosks to TikTok, Egyptians are in despair at the price of groceries as inflation rapidly outpaces modest wage hikes. Will an IMF bailout finally make life easier for them?
@lar_gibson
reports 🖊
I wrote an article this morning about Colombia's relationship with its past and the potential dangers of progressing at a fast pace without looking back at its recent history
While travelling in Colombia, I've been doing some reading on it's ongoing debt crisis. It's a really interesting situation (imo) and this article explains it well
Yesterday we recorded
@ReorgEMEA
first ever mid market podcast where we discussed the type of deals direct lenders are finding attractive in the busy September pipeline. If you want to listen click here:
I wrote about the upcoming sale of Veramed last week. Credit funds and private equity have a strong appetite for CROs and a number of similar assets are expected to hit the market....
Advisors from Rothschild have been hired to launch a sale for U.K.-based contract research organization
@WeAreVeramed
sources told
@Reorg
. The company is being marketed at EBITDA of £10M to £11M and the auction process is expected to kick off in September.