AlixPartners European mid-market debt survey: significant rebound in unitranche volumes in H1 2017

October 4, 2017
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Deal count was up 12% in H1 2017 versus H1 2016—indicating material growth. Borrower options have never been so diverse in this increasingly competitive market.

At a glance

  • We saw more larger value transactions (above €100 million), with many lenders focusing on larger mid-cap credits.
  • There was a significant rebound in unitranche deal volumes—up 30% on H2 2016, with 124 deals in the last 12 months.
  • The top 10 non-bank lenders tightened their grip on the institutional market, increasing share from 60 to 67%.
  • New institutional market entrants are supplementing an already well-populated marketplace.