Renaissance In European Second Lien Financings

9 February 2015
Financial News: Private Equity News

Finding the right financing structure is a key factor for private equity houses making an acquisition and, subsequently, for management working day-to-day within the scope of the debt covenants.

So the recent boom in European second lien issuance (for example, by RAC and SPIE) has added a new dimension to the capital structure – but what are the benefits and is it here to stay?