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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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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
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Unusual credit prompts different ideas of fair value
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OptiGroup deal paused due to market conditions