Pride Capital provides first mezzanine loan after spin-out

This is the first loan provided by the firm since it became an independent mezzanine provider, rebranding as Pride Capital Partners. The firm took no equity position in Coyo.

Founded in 2010 with 93 employees, Coyo was organically grown and, according to Pride Capital, has had no previous external funding. The company will use the loan to finance its national and international growth strategy.

Pride Capital provides mezzanine loans with a minimum size of €2m to ICT companies based in the Benelux and DACH regions. Businesses need to have at least 20 employees, generate revenues of €3m or more, be EBITDA-positive and have multiple shareholders.

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• Topics
• Buyouts
• DACH
• Technology
• Main Capital
• Mezzanine