Private-equity deal activity involving midsize companies is running at full tilt as cash-flush lenders help buyout firms finance acquisitions, driving leverage to levels not seen since before the financial crisis.

High volumes of unspent capital among both private-equity buyers and lenders are fueling increased leverage in buyouts of midsize companies.

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Private-equity firms invested a total of $264.6 billion across 1,721 midmarket deals in the U.S. during this year’s first half, or more than two-thirds of the $393.5 billion invested across 2,662 deals in all of last year, according to research provider PitchBook Data.

Source: Wall Street Journal

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