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Race to cash in on European prospects
Growth in buy-out activity and high-yield debt deals this year has been steady rather than spectacular, despite contributing factors that suggest a worldwide surge in leveraged finance . . .more
Mezzanine finance
image Flexibility catches eye of investors
While the bond markets have been buffeted by volatility in recent months, private markets such as mezzanine debt have come into their own and impressed investors with their flexibility. . .more
European bonds
image Brightness fading fast
The bankers, borrowers and investors involved in the European high yield market have seen the bright outlook with which they started 2000 grow gloomier with each passing month. Market conditions and bond prices have become progressively worse during the year . . .more
Japan
image Poised to evolve
Until recently, Daimon seemed just another example of Japan's corporate woes: a wholesale liquor group listed on the OTC market, it was struggling to carve out a viable business in the Yokohama area. . .more
Profile
image Credit Suisse First Boston:
Union gives added strength to merged finance banks
When Credit Suisse First Boston announced it would buy Donaldson Lufkin Jenrette in August, the men who ran the leveraged finance businesses at each bank heaved a sigh of relief. For over a year, each of them had been trying to expand their teams . . .more