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Long seen as adversaries, banks and private credit lenders are getting used to working together
Fahy will also lead asset-based finance origination
Direct lending default rates tick higher amid notable distressed situations
A Swiss borrower has already closed books and Austria's Egger will soon
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Promissory note was increased to €300m thanks to keen demand from international investors
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Leveraging-up deals are being done again as lenders need to put capital to work
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Transaction was increased from $100m
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Boutique bank believes clients expect M&A and debt advice from a single source
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Bates will oversee $140m strategy
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Fintech platform aims to provide universal digital solution to arrangers in Europe and Asia