Standard & Poor’s hosted a panel discussion with key industry experts – from the Confederation of British Industry (CBI), the Association of Corporate Treasurers (ACT), and debt advisory firm Grant Thornton UK LLP – to explore the recent trends in Europe’s Mid-Market and what can be done to develop the sector as we head into 2016.
The panel were in agreement that Europe’s Mid-Market is growing, with more mid-sized companies now looking outside the traditional bank lending market despite a recent return in bank liquidity. In particular, they found that capital markets and private placements via the Euro PP are increasingly attractive options as alternative funding routes.
But more must be done. “This famously opaque market requires significantly more transparency if companies are to attract the pool of institutional investors they need” said Shaun O’Callaghan, Head of Debt Advisory at Grant Thornton. James Ashton-Bell, Head of Financial Services Policy at the CBI, argued that “the focus must be on educating the market about all the available financial avenues and the immense benefits of diversifying funding.”
Meanwhile, Geert Arlman, Commercial Director in S&P’s Middle Market Evaluation Group, gave an interview on the subject to Global Capital (note: article lies behind a paywall).