Private Equity Cash Boosts Fortunes of America’s Mid-Sized Firms
- Covid-related earnings hit not as bad as expected: Lincoln
- Some analysts are dialing back gloomy forecasts for lenders
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America’s mid-sized companies are faring better than industry watchers feared at the start of the pandemic, as private equity owners step in to help tide them over.
Sponsors have provided more cash to portfolio companies compared to the 2008 crisis, with a view that keeping businesses afloat will be more advantageous than potential restructurings or lender takeovers, according to Lincoln International, a middle-market advisory firm.