Banks target ‘quiet’ Formel D syndication as another 3i LBO allocates

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Banks target ‘quiet’ Formel D syndication as another 3i LBO allocates

Power transmission belts

The loan backing 3i’s €247m investment in Formel D, the German car and car parts services firm, is due to be launched into syndication in early June, in a leveraged loan market just about ticking over.

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