Private corporate loans
Proventus targets Nordic companies in need of capital for expansion, acquisition, restructuring or refinancing.
Expansion
Supplying working capital to high-growth, yet profitable businesses Example: In 2006, Proventus extended a loan to a fast growing Swedish manufacturer of high-tech telecom equipment. The financing enabled the company to build its working capital and thus continue its rapid international expansion. The EUR 4 million loan was repaid on maturity in 2009.
Acquisition financing
For acquisition or capital expenditure financing when the company needs supplementary capital in addition to bank loans and the company is unwilling or unable to raise further equity. Example: In 2007, Proventus extended a loan to telecommunications company AllTele. The loan enabled AllTele to acquire all household broadband customers of TDC, making Alltele the fifth largest provider of internet access in Sweden. The loan is repaid over five years.
Restructuring
In situations when the capital structure does not match the operational performance capital can be used to refinance part of senior debt to lift risk off banks etc. Example: In 2006, Proventus was approached by the senior lender of a distribution company. The bank wanted more money-at-risk below senior debt and proposed a EUR 5 million subordinated loan.
Refinancing
Used for e.g. repaying shareholder loans or supplying capital when current principal owner needs financing to buy out a minority shareholder. Situations include public to privates, succession, MBOs etc. Example: In 2008, Proventus extended a five year loan of SEK 150 million to one of Sweden’s leading retail chains, enabling the chain to repay junior loans.
Expansion
Supplying working capital to high-growth, yet profitable businesses Example: In 2006, Proventus extended a loan to a fast growing Swedish manufacturer of high-tech telecom equipment. The financing enabled the company to build its working capital and thus continue its rapid international expansion. The EUR 4 million loan was repaid on maturity in 2009.
Acquisition financing
For acquisition or capital expenditure financing when the company needs supplementary capital in addition to bank loans and the company is unwilling or unable to raise further equity. Example: In 2007, Proventus extended a loan to telecommunications company AllTele. The loan enabled AllTele to acquire all household broadband customers of TDC, making Alltele the fifth largest provider of internet access in Sweden. The loan is repaid over five years.
Restructuring
In situations when the capital structure does not match the operational performance capital can be used to refinance part of senior debt to lift risk off banks etc. Example: In 2006, Proventus was approached by the senior lender of a distribution company. The bank wanted more money-at-risk below senior debt and proposed a EUR 5 million subordinated loan.
Refinancing
Used for e.g. repaying shareholder loans or supplying capital when current principal owner needs financing to buy out a minority shareholder. Situations include public to privates, succession, MBOs etc. Example: In 2008, Proventus extended a five year loan of SEK 150 million to one of Sweden’s leading retail chains, enabling the chain to repay junior loans.
