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.
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.
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.
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.
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 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.
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.