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The fund, which is already 75% committed, provides a range of debt solutions to SMEs based across Europe.
The expectation that unitranche financing will outcompete senior bank financing in the European sponsor-led mid-cap market may be misplaced, says Johan Hultner.
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The fund had received support from the EIF to boost capital availability to SMEs.
The deal could be one of the largest unitranche transactions ever arranged.
Two generally beats one – in goalscoring, number of ice cream scoops and weeks of holiday. One exception though is in the number of legal agreements to negotiate before completing a deal, writes Andrew Hedlund.
Unitranches, mid-market CLO issuance and leverage are all topics that could be big in the new year.
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After something of a lull, German LBO deals have seen a surge as banks got behind add-on financings and re-financings in the third quarter.
Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.
With the latest deal, the Switzerland-headquartered global private market investment manager has made more than $600m in loans across Asia-Pacific.

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