Bravida set for oversubscription after 20 funds join
The fears of some leveraged finance bankers that syndication of Bravida’s Skr3.654bn (€423m) of leveraged loans would follow the same path of similarly-sized Alain Afflelou and Global Blue in requiring a flex appear to be unfounded, as bookrunners on the deal prepare to wrap up with an oversubscription on the €130m fund carve-out.
And aviation services unit Fokker also wrapped up syndication without changes to the pricing this week as the loan buyside proved it was still more than willing to play in primary deals.
More than 20 institutional investors pledged commitments to Swedish installation service provider Bravida, which Bain Capital is
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