Top of the market? - part 3

Equity, high yield debt and corporate bond markets might be tumbling today but there is one asset class that is flirting with levels not seen since the great credit boom of the mid-noughties - leveraged loans.

I'm hearing that some of the recent private equity deals, such as KKR's £900 million takeover of Government Chemist LGC, are being done on some pretty racy debt/leveraged loan multiples.

3i said to have hired NM Rothschild to flog Element for up to a $1 billion

Here's an interesting snippet for those in the London market that follow 3i.

The listed private equity firm should see some cash coming in soon as I understand 3i has hired NM Rothschild to sell Element Materials Technology, a Dutch testing a business, for between $600 million and a $1 billion.