COVID-19 continued to have a dramatic impact on European mid-market debt in H2. Lenders reassigned focus towards a much narrower set of sectors, supported clients by deploying government-backed funding and worked through issues with existing clients.
After a year of once-in-a-generation GDP declines and with debt and working capital mounting, borrowers will need to consider all financing sources whilst ramping up profitability. Asset-based lending activity levels remain robust, while special situations teams at credit funds are also gearing up for increased activity.
The latest edition of AlixPartners' Mid-Market Debt Report, covers more than 100 bank and non-bank lenders active in the UK and European mid-market (debt transactions valued up to €300 million).
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