Mezzanine & Unitranche Financing - Our key figures
The team structures and/or underwrites Mezzanine & Unitranche Financings, in bonds, from €5m to €100m tickets, with SMEs achieving an EBITDA from €5m to €30m.
The advantages of Mezzanine financing
For investors in the fund
Mezzanine debt offers an intermediate risk between debt and capital, together with a high return paid mainly through fixed coupons.
For the shareholder of the issuing company
Mezzanine debt is a quasi-equity tool with little or no dilution for the shareholder because Mezzanine debt is remunerated mainly with an interest rate (coupons). Warrants (BSAs) may be attached to the Mezzanine bond, giving only access to a very modest fraction of the share capital.
For the development of the company
Mezzanine debt does not hinder company's growth due to a low drain on cash flow.
For the company's bankers
Mezzanine debt is considered quasi-equity by banks because its repayment is subordinated to bank debt. It thus strengthens the company's financial structure and gives comfort to senior lenders.