Innovative Financing: From Mellon & Sons to Alternative Lenders’ Impact on ABL Today


Piero Carbone said that, because of today’s high asset valuations, “It can be a challenge for a PE fund to finance organic growth for a single company on a stand-alone basis. Many private equity sponsors and lenders are focusing on bolt-ons in the middle market to put their money to work and expand.” This means, he continued, that “competition is particularly fierce to finance bolt-on acquisitions by private equity groups.”