Cautious optimism as banks remain in LBO club

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Cautious optimism as banks remain in LBO club

A modest pipeline of leveraged buyouts is growing despite a series of hung syndications in Europe over the summer, as arranging banks remain open for business, say bankers. Club deals are back in fashion for most of the debt packages under discussion, but for bigger names such as Orange Switzerland, some banks are willing to compete for an underwrite.

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