Simpson Thacher in the News
Go Back
Hadrien Servais Quoted in Bloomberg on the European Junk Debt Market
Head of the European Private Credit team, Hadrien Servais, was quoted in a Bloomberg article titled “PE Firms Tap Europe’s Junk Market for Dividends as Exits Stall”. The piece examined the rise in private equity firms tapping the European junk debt market to pay themselves dividends. Hadrien highlighted that “with M&A volumes below initial expectations for this year, sponsors are increasingly turning to dividend recaps as an alternative route to liquidity.” He also notes “the willingness of lenders to support these transactions reflects both the amount of capital available in the market and the continued competition for high-quality credits”.
To read the full article, please click here (subscription required).