It’s not exactly 2021 again, but the recent uptick in LBO activity boosted primary this week — three more buyout loans launched since Monday despite half-term holidays in the UK, topping up the best month so far this year for acquisition financings.

According to 9fin data, some seven euro LBOs have priced this year, with four of them closing in this month and more expected to land in the summer.

“The pipeline is definitely busy right now,” a senior banker said. “There’s so much dry powder accumulated by private equity funds that sponsors are trying to resolve their differences in companies’ valuations.”

A busy summer ahead, even though the weather (at least in England) has been a washout so far.