spot_img
Monday, April 15, 2024

GA_P assists Inveready with fund securitisation

Gómez-Acebo & Pombo has advised Inveready on the securitisation of its fund Inveready Convertible Finance I

-

The Spanish venture capital management firm Inveready has securitised its Inveready Convertible Finance I fund with the aim of maximising the return obtained by its investors and ensuring a minimum return for its investors in a volatile environment.

According to the company, the fund invests in companies listed on alternative markets such as BME Growth through convertible bonds. The transaction is the result of the creation of a new vehicle registered with the CNMV and managed by EBN Securitisation, and “consists of the assignment of the credit rights, but not the ownership, and will not represent a liability for ICF as it is a non-recourse financing.”

“The splitting of the bond structure by divesting its debt component and retaining its equity component has highlighted the great intrinsic attractiveness of this fund at the time of its launch,” said the firm’s general partner, Carlos Conti.

EBN’s investment banking team was in charge of the transaction, which was legally advised by Gómez Acebo & Pombo. The team was led by partner Fernando Herrero, along with Tax of counsel Remedios García and lawyer Marina Carreño.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Multi-firm advice on the €110m acquisition of Intermas Group by Abac Capital

Private equity fund Abac Sustainable Value II FCR “Abac” has completed the acquisition of Intermas Group. Abac, a fund specialised in sustainable value investments...

Linklaters advises IVIRMA on its €3bn sale to KKR

The US fund has signed the acquisition of the Spanish company, a world leader in infertility treatments, eleven months after the transaction was announced,...

Deloitte Legal advises Saoyama on the sale of Aldiana Fuerteventura

The hotel division Der Touristik of the German food company Rewe acquires the Aldiana Club Ampflwang in Jandía (Fuerteventura), in one of the most...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: