Investec expands private equity offering

The team has already backed two recent deals with an element of senior debt: LGV Capital's acquisition Snow+Rock and the buyout of Brandon Hire by Rutland Partners.

The preferred equity offering, typically made by way of unsecured PIK notes, has been launched to support private equity deals where a mezzanine debt package is not appropriate. This includes instances where senior lenders do not want to see cash yield being paid to a mezzanine provider or where there is a second-charge holder complicating the structure of the deal.

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

• Topics
• UK / Ireland
• Financing
• Senior debt
• PIK