The Fund shall invest in SMEs in their Expansion and Growth Stage in the form of long-term debt instruments structured as a junior component potentially with embedded equity element
Investment Strategy
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Focus
Enterprises based in Croatia
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Privately owned in their Expansion and/or Growth Stage
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SME segment
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Excluding
Real-estate investment
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Early stage (seed or start up)
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Prebankruptcy, financial restructuring for
firms in difficulties•
Tobacco, Financials, Armaments
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Financial Instrument
Mezzanine subordinated term loan in various forms or with various features (bullet, Pik, profit participation, discount bond, warrants, callable/puttable)
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Maturity 4 to 7 years (grace, variable repayment schedule, balloon, PIK)
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Amount Eur 1mn to Eur 5mn
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Situation
Capex (equipment, plants, land)
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R&D investment
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market expansion including long term WC investment
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Acquisitions, Sponsored financing - LBO
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Recapitalization, MBO or various ownership repositioning
Investment situations
Key Advantages of working with us
Increased capital strength of the company through the quasi equity/mezzanine debt participation
Stronger dept repayment position
Flexibilty during the investment period
Post investment structure modification or additional financing (suplement financing, cost overruns, investment delays, accidentals)
Work with the management owner to achieve financial prudence and alignment of interest of all stakeholders.