Why, when and how to use mezzanine finance
Article Abstract:
Mezzanine finance can be used to the best advantage in transactions which require a loan to fund the difference between a purchase price and the amount of available equity and senior debts. The use of mezzanine financing is being challenged by industry experts who suggest senior or equity debts can fill funding gaps adequately. Some suggest the use of high-yield bonds as an alternative to mezzanine debt. HSBC was able to offer a mezzanine debt to fill the funding gap in the management buyout of the British Broadcasting Corporation World Service Transmission Operations, in Mar 1997.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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Candover
Article Abstract:
The management of the UK private equity firm Candover are planning to expand their operation into Europe but are reluctant to open up new offices in European cities. The move into the European buyout market has not been caused by a reduction of business opportunities in the UK market. Candover plan to set up deals in the Netherlands, Germany and France. They hope to invest between $33 million-$328 million in deals which range from around $82 million to $1.6 billion. Candover have increased their personnel to include two experts in deals in Europe.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Mezzanine Management
Article Abstract:
During 1996, International Mezzanine Investment (IMI) closed at 225 million pounds sterling. The fund was raised within a few months by targeting a chosen group of institutions, according to George Davidson, managing director. Mezzanine Management now plans to raise the fund size to $450 million with bank debt. IMI has already invested $11 million in Western Sky Industries' acquisition of Aero Quality Sales.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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