Consumer Lender Baltics

 

Blu Capital Partners advises Consumer Lender on a €25,000,000 Private Debt raise

Overview of the Company​ 

  • Consumer lender is one of the leading Baltics consumer lending companies with pan-European presence. CL has an impressive operational track-record of growth and profitability thanks to their tech-driven credit underwriting and streamlined operations.

Overview of the Transaction​ 

  • Blu Capital Partners advised CL on different growth funding structures including private debt and securitization vehicles

  • Management’s preferred structure was private debt funding for re-financing existing liabilities and for providing additional growth capital

  • Blu Capital Partners attracted interest for ~€100 million of private debt volume from international private debt investors at a competitive pricing

  • Blu Capital Partners also contributed to raising a Nasdaq-registered corporate bond for CL which closed in June 2020 at €18.3 million

Importance of the Transaction

  • A significant private debt funding allows CL to consolidate its liabilities, hence reducing management time spent on investor relationships

  • Private debt also ensures CL with a stable, long-term capital base to weather the volatility in the consumer lending market

  • The private debt funding also allows CL to diversify its funding base further away from corporate bonds, P2P lending and direct lending

Blu Capital Partners’ Role​

  • Blu Capital Partners acted as strategic and financial advisor to CL

  • Blu Capital Partners supported CL throughout the process from structuring to LOI and is currently advising on the transaction documentation

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