The company went through a process of bankruptcy and in the process of restoration of its operations, needed to attract financing for repayment of creditors’ claims. Since the company did not have a long history confirming a positive cash flow, it was impossible to attract credit money.
A mezzanine transaction was realized, in which, in exchange of providing bank financing, the shareholders of the bank also received a share in the funded company.
Business: $100M revenue, Ebitda $20M, more than 20 gas turbine thermal power stations with the capacity of 18-36 MWatt.
Deal: $60M for Leverage Buy-Out.
Deal Industry: Energy
Deal Type: Private Equity