Navigating the Capital Markets Landscape

This chapter examines the evolving dynamics of mergers and acquisitions (M&A) and leveraged buyouts (LBO) within the capital markets, underscoring the challenges sponsors face in returning capital to their limited partners. It highlights the impact of changing political policies on deal-making, the demand for junior capital, and the strategic implementation of Payment-in-Kind (PIC) components in high-interest environments. The discussion transitions to the nuances of mezzanine financing and the complexities of capital structures in the current financial climate.