Investment Solutions

Equity Capital
Used as growth capital for middle-market, private and public-listed companies, our Equity Capital investments are ideal for businesses with sustainable competitive advantages. This includes companies with critical mass, as well as prospects for further growth, capital expansion and value-creation. We are strong believers in backing companies run by experienced management teams, who have a high level of integrity and a proven track record of delivering results.

Some Features of Equity Capital:

Structure	Redeemable Convertible Preference Shares or Convertible Bonds, or in special situations, common shares
Investment Size	Up to USD 50 million
Holding Period	3 to 5 years
Exit	IPO, secondary offering or trade sale to strategic buyers
Others	- Valuation derived from comparables analysis, application of earnings or    cashflow multiples, and discounted cashflow analysis - Board representation for active post-investment monitoring - Flexible investment structures designed to meet specific company needs

Mezzanine Debt
Deployed as additional leverage beyond traditional bank debt financing, our Mezzanine Debt financing is commonly used to support leveraged or management buyouts, or as a form of bridge capital when equity markets, debt markets or traditional bank lending are unavailable. Mezzanine Debt financing is ideal for established businesses that are run by experienced management, are cash flow generative, have stable operating margins and operate in a steady industry environment.

Some Features of Mezzanine Debt:

Structure	Subordinated loan with fixed coupon payment
Financing Size	Up to USD 50 million
Financing Period	3 to 5 years
Key Terms	- Principal repayment usually amortised - Additional return kicker from equity warrants and requires junior-ranked    security or collateral - May require board or observer representation for corporate situations