Capzanine Special Situations holds first close on €55m

Capzanine Special Situations will target companies experiencing a phase of underperformance or a setback. It has a target of €250-300m.

Capzanine stated it would also take an active role in the corporate governance of the companies it invests in, to monitor their recovery and help with strategic repositioning, investments, reorganisation and strategic acquisitions.

The GP has previously focused on standard mezzanine vehicles. Its latest mezzanine fund, Capzanine 4, hit its €350m hard-cap in 2016 after just six months on the road. The firm's previous fund, Capzanine 3, also hit its €350m hard-cap in 2013.

Investments
The financings are structured in senior or super-senior debt, as well as equity or quasi-equity when necessary and possible. The maturity of the investments will be on average 3-5 years, for tickets generally ranging from €5-30m. 

People
Capzanine – Laurent Bénard (managing partner); Emmanuel Bonnaud (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Credit/Special Situations
• France
• France
• Capzanine