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Mezzanine v high yield
20/11/2001. Source:ICG. Carola Babcock
 The European buy-out market is growing rapidly and the number of larger deals is increasing steadily. These trends are creating a need for further funding. Carola Babcock from ICG argues that this can be met by using mezzanine and high-yield financing.
Babcock discusses the limitations of high-yield financing, emphasising the loss of financial efficiency that it entails. Mezzanine is described as a more flexible and easier alternative.
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ICG is a fully independent UK public company listed on the London Stock Exchange dedicated to the European Mezzanine market. ICG invest principally from our own capital resources and also the funds of a number of UK and international institutions that we manage on their behalf. |
Reproduced from Acquisition Monthly
Copyright © ICG November 2001
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