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Mark Gray

Managing Director - US/Americas Corporate Finance

US and Americas

Tom Marshella
Managing Director - US/Americas Corporate Finance

Paloma San Valentin
Managing Director - US/Americas Corporate Finance


Myriam Durand
Managing Director- EMEA Corporate Finance

Philipp Lotter
Managing Director- EMEA Corporate Finance

Asia Pacific

Brian Cahill
Managing Director - Asia Pacific Corporates/Financial Institutions​​​​


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Research and analysis on public companies and their debt instruments.



  • 8 Dec 2016
    • Global healthcare outlook supported by earnings growth even as pricing pressures remain
      The outlooks for global pharmaceuticals, US medical products and devices and US for-profit hospitals are stable, with aggregate EBITDAs likely to increase for each sector in 2017, even as pricing pressures remain. Global demand for healthcare products and services will continue to rise and represents a greater portion of GDP for most countries. However, rising healthcare spending creates severe budgetary pressures for countries, and companies will continue struggling to contain costs... Full Report l Press Release
    • One-time cash repatriation tax cut would have varied, short-term credit impact for US companies
      US President-elect Donald Trump’s proposal for a one-time tax cut on repatriated cash would temporarily boost US non-financial companies’ domestic liquidity, but the credit impact would depend on how companies use the cash. More comprehensive tax reform that improves access to offshore cash would provide companies greater flexibility to make long-term capital allocation decisions and prompt them to raise less debt capital, a credit positive scenario... Press Release l Full Report
    • Global oil and gas industry to rebound modestly in the year ahead
      The global oil and gas industry will continue to struggle under the weight of high debt levels in the coming year, even as the industry rebounds modestly from its 2016 trough. Among sectors, integrated oil and gas and midstream carry stable outlooks, drilling and oilfield services and refining and marketing carry negative outlooks, and the exploration and production sector has a positive outlook ... Press Release l Full Report
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