Mezzanine is a source of long-term financing used in leveraged buyouts, capital restructuring and growth financing. Considered as a hybrid and flexible product subordinated to senior debt, mezzanine allows optimization of the leverage while saving the borrowing and capital expenditures capacity of a company and maximizing investors’ return on investment.
Today AXA Private Equity Mezzanine has over €2bn under management with a broad scope including Western Europe as well as Eastern Europe, the USA and Asia.
Approach
- Direct Mezzanine investment as lead, arranger, co-arranger or participant.
- Partnerships with other Mezzanine Funds to promote co-investment opportunities and increase the regional diversification of our portfolios.
- Strategy to assist Buyout Funds in managing their investment, particularly in build-up strategies.
Criteria
- Mezzanine investments of €5M to €80M in direct investments, with capacity to arrange transactions up to €150M for the Mezzanine tranche.
- Direct investment and arrangement of Mezzanine tranches with or without warrant for all types of transactions including acquisition build-up, LBO, OBO, equity restructuring, recapitalisation etc.