Lincoln International’s Global Capital Advisory Group Achieves Record Results in 2021
Continued market share gains and strong growth in acquisition financings and technology financings drove record transaction activity across the U.S. and Europe in 2021
Lincoln’s Global Capital Advisory Group (CAG) activity in 2021 increased substantially from 2020 (36% increase in number of U.S.-based transactions and 47% increase in European-based transactions) driven by strong merger and acquisition markets, and the continued evolution of the private debt market as a competitive alternative to syndicated loans. Whether for healthy or more challenging situations, private equity and private company clients are increasingly turning to Lincoln’s Capital Advisory Group to solve bandwidth issues and deliver creative financing solutions.
2021 Highlights
| ~$6.0 billion in closed financings globally |
60+ financing transactions closed |
2020 – 2021 Transactions by Type |
2020 – 2021 Transactions by Industry |
Market Trends
The financing market is firing on all cylinders, fueling intense competition among lenders.
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While inflation and the withdrawal of Federal Reserve liquidity measures are potential concerns for U.S. lenders, in the near term they are unlikely to disrupt the private debt market, which is supported by solid fundamentals. |
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With the strong demand for floating rate debt from fixed income investors, private debt fundraising approached benchmark levels in 2021, outpacing record new issue volume and resulting in substantial dry powder for 2022. |
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In Europe, borrowers can take advantage of environmental, social and governance (ESG) linked loans becoming increasingly common. While a broad range of performance metrics were used in 2021, market participants will keep an eye on the emergence of standards in 2022. |
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For borrowers that are not performing as expected due to supply chain issues, labor shortages, the continued evolution of COVID-19 variants or other operational issues, structured capital is providing an avenue of solutions / options that can extend runway and preserve options so value can be maximized in the future. |
Summary
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Lincoln International's Capital Advisory Group celebrates a record 2021 and looks forward to another successful year ahead.
Select Notable 2021 Capital Advisory Transactions
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Lincoln’s Capital Advisory Group transaction capabilities span the continuum of capital advisory services, including acquisition financings for new platforms or add-ons, refinancings, dividend recaps, amendments and restructurings. Product expertise combined with industry knowledge, ability to mobilize cross-border teams in multi-jurisdictional transactions, senior-led deal teams and extensive access to the right sources of capital are key to securing the best outcome for our clients.
Related Perspectives
Meet our Senior Team
By linking my experience in debt advisory and mergers and acquisitions, I look forward to delivering flexible and innovative financing solutions to make an impact that matters with long-term target clients, as Lincoln does best.
Daniele Candiani
Managing Director & Co-head of Capital Advisory, Europe
Milan
I build trust with clients by putting their interests first at all times.
Aude Doyen
Managing Director & Co-head of Capital Advisory, Europe
London
I take an active role in every stage of the transaction process in order to achieve the goals of my clients.
Iván Marina
Managing Director | CEO Spain
Madrid
