LevFin Wrap — First real LBO at the door as Cinven ditches banks for buyout
- Michal Skypala
The leveraged finance markets in Europe are open, with sentiment cautiously optimistic. The March Madness banking crisis has not put a stop to primary and technicals remain strong enough to push deals through, with size increases and tightening from talk.
Wider market volatility in the wake of the collapse of SVB and Credit Suisse will hopefully prove to be a minor hiccup, pushing expected deals out after Easter but not derailing the market altogether.