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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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Marlin's Heimdal will invest financing in further growth
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Russia sanctions could have further implications for leveraged issuers
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Diversification ranked high in LP priorities at conference
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Original loan of €132.5m likely to be converted into equity
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