The sponsor is a fast-growing Belgian mid-cap active in the manufacturing of scaffoldings. The company’s growth hinges on its ability to offer long term financing solutions to its customer base in their main markets (Belgium, the Netherlands, France, and United Kingdom). The sponsor is willing to penetrate the German market in the near future.
To increase its penetration in those markets, the sponsor is looking for a financial partner to bring a yearly financing of €3mn for 5 years (€15mn in total). The loans would be spread across a well-diversified base of clients for whom a credit check would have been previously performed. The SPV generates sufficient cash flows to reimburse interest and capital. The sponsor has a good track record and no defaults with its existing structure.
