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Sole bookrunner Morgan Stanley gets deal multiple times covered
Trade was oversubscribed in under 20 minutes
In highly concentrated book, top 20 investors take 90%
The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
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Direct lenders cannot entirely replace syndicated debt markets -
New structure comes with a €200m privately placed second lien
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Percentage of respondents with more than 10% of their portfolio in alternatives has rocketed
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Finances drug company's buyout by Carlyle and PAI Partners
