Cash in the system

Europe's mezzanine market is flush with capital, and more investors are looking to gain access. Philip Borel finds out what market practitioners make of it all

Most structured finance professionals active in European acquisition finance agree that the market is currently at a peak in terms of competitiveness.

To equity sponsors operating in Europe's increasingly buoyant buyout market, this is obviously good news. They report that although the leading debt providers' credit analysis remains rigid, getting transactions funded isn't the challenge it used to be.

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