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SecuritizationCLOs-CDOs

Photonis, Etanco LBOs mandated as mid-cap stays strong

Loans backing two French LBOs — €205m for the buyout of Etanco and €240m for Photonis — will be launched into syndication shortly. Appetite for these deals, say leveraged finance bankers, shows that the mid-cap market is being preferred by loan investors over larger-sized transactions.

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