Acquisition Financing in the Middle Market: The Shift to Alternative and Specialty Debt Solutions
Introduction: A New Playbook for Private Equity and Specialty Finance The middle market’s acquisition financing game has flipped over the...
Forward for Specialty Finance
2025 Acquisition
Fueling the 2025 Dealmaker Ecosystem: Strategic Bizdev for Growth and Connection
By Miller Harpring, Managing Director, Sawbux In 2024, the U.S. dealmaker ecosystem—private equity (PE), investment banking (IB), specialty finance, turnaround...
The Covenant Divide: Banks Tighten, Specialty Finance Loosens
Before 2023, bank-led loans kept a tight grip—FCCR hovered at 1.67x, leverage sat at 4.5x, DSC clocked in at 1.3x,...
Macroeconomic Climate Perspectives: Impacts on Acquisition Dealmaking, Lending, and the Dealmaker Ecosystem in 2025
The economic landscape in 2025 is a wild ride. The 10-year Treasury yield’s at 4.31%, nudging against the Federal Reserve’s...
