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Morgan Stanley leads over six billion dollar debt financing for Dun and Bradstreet acquisition
Morgan Stanley is leading a debt financing exceeding $6 billion to facilitate Clearlake Capital Group's acquisition of Dun & Bradstreet Holdings Inc. for $4.1 billion, valuing the company at approximately $7.7 billion including debt. The deal, which marks Dun & Bradstreet's second privatization in seven years, is currently in a 30-day go-shop period for rival offers. Other financial advisors involved include Goldman Sachs, JPMorgan, and Barclays, among others.
structured finance boom on wall street reaches highest level since 2007
Wall Street is experiencing a surge in complex structured finance transactions, reaching $380 billion this year, the highest since 2007. This boom, driven by investors' demand for high returns, includes deals linked to unconventional assets like restaurant revenues and music catalogues. Despite concerns over risk assessment, the market remains robust, with a notable increase in appetite for both risky and senior tranches of structured products.
alcentra's decline signals challenges in the private credit market
Franklin Templeton's acquisition of Alcentra, once a leading player in European private credit, is now under scrutiny as the firm struggles to maintain its position. Unlike competitors such as Ares Management and Intermediate Capital Group, which are rapidly growing, Alcentra has seen a decline in its assets.
The NFL's recent move to allow private equity firms to acquire up to 10% of its franchises has generated significant interest, with expectations of $12 billion in transactions over the next five years. Despite the small size of the NFL relative to the broader $308 billion private equity market, the league's franchises, averaging $6.5 billion in value, are seen as valuable media assets, driving up investor enthusiasm. With franchise valuations soaring 610% from 2004 to 2022, opportunities for investment are expected to grow, particularly as many owners consider selling portions of their stakes.
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