How Today's Credit Market Is Impacting Smaller Middle-Market Deals

The volatility in the credit markets has been one of the most widely covered topics in the financial industry since the beginning of 2008. The impact of this volatility has been felt throughout the markets with differing severity depending on what segment of the market you play in. Alongside the overall market facelift, lending into leveraged buyouts has changed dramatically but it appears less so in the middle to lower end. The evolution of the secondary markets as a facilitator of funding the larger buyouts set off a wave of aggressive, if not irrational, lending practices.