Private Debt Structuring
We structure private-debt solutions for corporate groups, sponsors and asset owners, aligning instrument design, security package and investor audience with the underlying cash-flow profile.
Our approach.
We structure private-debt solutions for corporate groups, sponsors and asset owners — aligning instrument design, security package and investor audience with the underlying cash-flow profile, and coordinating the placement with the eligible private-debt investor community.
Private debt has become a permanent building block of corporate financing. It offers borrowers a bilateral, negotiated relationship with a limited group of investors, and it offers investors access to defined cash flows outside the public credit markets. The quality of a private-debt transaction depends on how well the instrument, the security package and the covenant framework fit the borrower’s reality.
We structure that fit. We start from the cash-flow profile and the strategic objective of the financing, then we build the instrument, the security architecture and the covenant framework around them. We coordinate the transaction with qualified legal and tax counsel, and we engage the private-debt investors whose profile matches the transaction.
Our mandates cover senior secured facilities, unitranche financings, mezzanine and subordinated debt, convertible instruments, and bespoke asset-backed private-debt transactions. Depending on the case, they can complement a private-equity round, refinance an existing structure, support an acquisition or finance a specific growth plan.
- Corporate groups and mid-caps
- Sponsors and holding structures
- Asset owners seeking non-recourse or ring-fenced financing
- Eligible professional and institutional debt investors
- Financing a growth plan
Corporate groups combining private debt with retained earnings or equity to finance organic and external growth.
- Refinancing an existing structure
Refinancing bank or bond debt with a private-debt instrument better aligned with the current cash-flow profile.
- Supporting an acquisition
Structuring a private-debt tranche alongside equity to support a targeted acquisition or a buy-and-build strategy.
- Asset-backed financing
Ring-fenced financings secured on identified real-economy assets, arranged for asset owners or dedicated vehicles.
- Scale
- Mid-market European private debt facilities structured for corporate borrowers and sponsors.
- Timing
- Typically several months from mandate to closing, depending on complexity and counterparties.
- Geography
- Continental European corridors with recurring activity across France, Italy, Luxembourg, Switzerland and Monaco; selective UK, MENA and transatlantic exposure.
- Instrument selection: senior, unitranche, mezzanine, subordinated or convertible
- Security package and covenant framework
- Documentation and definitive agreements
- Placement coordination with eligible private-debt investors
- Post-closing agent and reporting framework
- 01Diagnostic
We map the financing need, cash-flow profile, existing debt and target structure with management and shareholders.
- 02Design
We define the instrument, security package, pricing framework and covenant architecture, in coordination with qualified counsel.
- 03Placement
We engage the relevant private-debt investor community under confidentiality and manage the response process.
- 04Closing
We coordinate documentation, security perfection, drawdown and the post-closing reporting framework.
- Bilateral discipline
A negotiated relationship with a limited group of investors, framed by definitive documentation.
- Tailored structure
Instrument, security and covenants are calibrated to the borrower’s reality on a bespoke basis.
- Coordinated execution
One team keeps structuring, documentation and placement consistent up to closing.
- Complementary to equity
Private debt combines effectively with private-equity, bond or securitization solutions in blended capital stacks.
- Financial
We coordinate with the borrower’s CFO, financial due-diligence providers and, where relevant, treasury and hedging advisers.
- Legal
Facility agreements, security documentation and intercreditor arrangements are prepared and negotiated by qualified external legal counsel.
- Tax
Deductibility, cross-border withholding and interest-limitation matters are addressed with qualified tax counsel.
- Operations
Agent, security agent and reporting arrangements are set up with the identified operational counterparties.
- Instrument-agnostic structuring
We let the situation determine the instrument, so the choice always follows the borrower’s cash-flow reality and strategic objective.
- Curated investor engagement
We work with private-debt investors selected on strategic fit and execution reliability.
- Blended-capital capability
Private debt is coordinated with equity, bond and securitization capabilities when the deal calls for a combined structure.
- Established borrowers with recurring cash flows and identifiable collateral.
- Sponsors seeking bespoke financing outside standard bank formats.
- Situations calling for covenants and reporting aligned with institutional lenders.
- Distressed borrowers without a viable restructuring path.
- Requests for unsecured retail-style consumer credit.
- Facilities requiring balance-sheet lending directly from CGPH Banque d’affaires.
- CGPH Banque d’affaires acts as advisor and structurer. Lending capacity remains with the identified private-debt investors and, where relevant, licensed lenders.
- Who provides the financing?
- CGPH Banque d’affaires acts as advisor and structurer of the transaction. The credit itself is provided by the identified private-debt investors engaged for the mandate and, where the structure calls for it, by licensed lenders acting within their regulated capacity.
- How do you select the right instrument?
- We start from the cash-flow profile, the position of the debt in the capital stack and the borrower’s strategic objective, and only then define whether senior, unitranche, mezzanine, subordinated or convertible best fits the situation.
- How is the security package designed?
- The security package reflects the assets, the jurisdictions involved and the intercreditor position of the new debt. It is prepared and negotiated with qualified external legal counsel.
- Can private debt be combined with equity?
- Yes. Many mandates involve a blended structure with private equity, bond instruments or securitization; we coordinate those workstreams together.
- How is the transaction managed after closing?
- An agent and reporting framework are set up with the identified operational counterparties. We remain available to support the borrower and investors during the life of the facility when needed.