Women’s Private Equity Summit
Borrower/Lender 1:1 Speed Networking
There is no question that private equity deal activity (along with the broader M&A market) has slowed in 2022. Compared to the previous year, the volume of controlling-stake M&A deals has fallen by 46%, according to Bloomberg Law.
One factor affecting deal volumes is the difficulty in securing financing for typical private equity LBOs (leveraged buyouts). Financing for LBOs, which for years has been an important driver of private equity M&A volume (especially in 2021), faced significant roadblocks in 2022.
In addition, as yields surged throughout 2022, banks that have underwritten financing for LBOs have been struggling to re-sell high those debt obligations, leaving them with high-risk debt on their balance sheets, and often forcing them to sell that debt at steep discounts. As a result, many banks are now wary of buyout transactions, leaving private equity dealmakers without the primary source of funding for M&A in the last decade. When surveyed by Private Equity Wire in October 2022, more than 70% of private equity general partners said they expect a decrease in deal volume during the first half of 2023 because of the borrowing environment. They also expressed concern for the elevated cost of debt pricing.
Deepening this issue is the challenge of finding exits in an M&A market that is expected to become increasingly difficult to sell into. Liquid capital, which is normally received from the distribution of private funds, will be critical in a down market as managers seek new capital to boost growth in their funds.
How Kayo can help: At this year’s Private Equity Summit in Miami, we’re aiming to improve the networking experience for our attendees. Your team has done the work to source your next great deal, but financing is more challenging than ever.
The solution? We’ve organized a 1-hour Borrower-Lender Speed Networking event as a pre-conference session to help you connect with lenders.
We are offering a complimentary all-access pass to the Summit for the first 10 participants to register for this exclusive segment. The pass includes access to over 30 sessions of curated industry content.
When: Monday, June 12th, 2023 – 11 am-12 pm
Where: The Loews Miami Beach Hotel
What: Invite Only Borrower-Lender Speed Networking – Each participant receives five 10-minute meetings
Who: Borrowers + Lenders representing private credit firms and commercial banks from our Kayo community
Next Step: Submit an application below to be considered as a participant in the 1:1 networking opportunity.