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Banks already working on deals in the industrials and chemicals sectors
As Ares raises the largest direct lending fund, Goldman Sachs reorganises to serve the trend
Sole bookrunner Morgan Stanley gets deal multiple times covered
Trade was oversubscribed in under 20 minutes
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Private lenders have seized their chance
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At least 14 lenders join to make £3.5bn of loans
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Comes at a time of relative scarcity for new issuance in European levfin
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Franklin Templeton to pay $350m in cash up front
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France has historically been a larger sponsored-unitranche market
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JP Morgan has launched a big initiative to cross-sell corporate finance products to its commercial banking clients in Europe. Global rivals are following suit. By David Rothnie