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Previously affiliated with Allianz
Mezzanine financing is an intermediate form of debt supplementing traditional bank financing for private equity transactions (takeovers in the form of LBOs, financing acquisitions, capital restructuring…).
In a deal to acquire a company, mezzanine debt is generally issued in the form of equity-linked bonds (Obligations à Bons de Souscription d'Actions or OBSA) that rank between senior bank debt and equity. With terms ranging between seven and ten years, this debt is redeemed at maturity through a bullet repayment. For repayment it ranks below senior bank debt and above equity.
Mezzanine debt represents a flexible tool for the borrower, providing access to an additional source of borrowing with a marginal impact on the company's cash flows and is less dilutive than an equity investment.
Idinvest Partners provides mezzanine financing to European small and mid-caps, assisting financial investors or management teams in various scenarios: LBOs, capital restructuring, financing internal growth and acquisitions, debt refinancing.