Tailor-made financing solutions

At Tresmares we view financing as a flexible tool that adapts to the needs of each company or manager. We put all our efforts towards understanding those needs to offer optimised financial solutions to help you accelerate your growth.

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Our financing solutions

Tresmares offers an extensive range of financing solutions which can be used standalone or in combination. We work to structure each operation according to the needs and business plan of each company or financial sponsor.

Direct Lending

Senior: Term Loan A, Term Loan B & Unitranche

Our senior direct lending solutions include lower yielding amortising tranches (TLA) and non-amortising bullet tranches (TLB). We can also provide a Unitranche loan, which is a stretch-senior, bullet-structure loan.

Our investment ticket can reach up to €50M (with scope to increase on a case-by-case basis) with loans having a maturity of up to seven years.

 

Junior: Mezzanine & HoldCo PIK

These higher leverage and higher yielding loans can either be structurally or contractually subordinated to the senior debt (if any) and may include the option of part or fully capitalise the interest on the loan. Junior debt is often used by financial sponsors who wish to further leverage their equity investment in with the context of an LBO.

Convertible products

Products that are initially conceived as senior debt but which can, based on fulfilment of milestones linked to the company’s business plan, be converted into equity.

Private equity - minority investments
Financing to PE managers
Private equity - minority investments

Growth Private Equity

Direct and active investment in the company’s equity capital structure, with a vocation towards long-term backing and support. These operations can be structured either through the purchase and sale of shares or through a capital increase.

Passive co-investment

Passive equity investment alongside a financial sponsor. Co-investment allows financial sponsors to write larger cheques, whether on the original LBO or throughout the investment lifecycle of the deal. Tresmares compensation may include preferential returns and return assignment schemes under positive scenarios in the financial sponsor’s investment case.

Financing to PE managers

Bridge-to-Equity & NAV Financing

Financing to cover liquidity needs of Private Equity managers. The loan can be supported by either capital calls or equity syndication (Bridge-to-Equity) or in the case of an NAV financings, by a diversified pool of investee portfolio companies of the manager.

Examples of our investments

Aranco

Aranco

Industrial packaging services

Growth Private Equity

2022

Current investment

Neolith

Neolith

Sintered stone product manufacturing

Direct Lending

2022

Current investment

Garnica

Garnica

Ecological plywood

Direct Lending

2022

Current investment

Metrodora

Metrodora

Higher education in healthcare and sports sciences

Direct Lending

2022

Current investment

Indiba

Indiba

Non-invasive radiofrequency solutions

Direct Lending

2022

Current investment

GGTech

GGTech

Organization and management of e-sports events

Direct Lending

2022

Current investment

Factum

Factum

Cybersecurity services for third parties

Growth Private Equity

2021

Current investment

Nozama

Outsourced management of third-party e-commerce platforms

Growth Private Equity

2021

Current investment