Structured Finance & Hybrids
Institutional-grade structured finance solutions delivered through a practical, outcomes-focused structured finance advisory service (wholesale clients only). We design hybrid securities—convertibles, preferred equity, and revenue-participation notes—that align return potential with risk appetite, ideal for investors seeking bespoke payoff profiles and for issuers aiming to optimise capital structure.
What we design
Convertibles & notes
Fixed/floating coupons with conversion mechanics tied to milestones or price hurdles.
Preferred equity
Priority distributions, step-ups, and negotiated governance rights.
Revenue-participation notes
Cash-flow-linked returns with pre-agreed caps/floors.
Custom hybrids
Pari passu / subordinated constructs, warrants, and profit-share overlays.
Where it fits
Growth & expansion
Funding product roll-outs, acquisitions, and market entry without excessive dilution.
Bridge capital
Pre-IPO / pre-refi bridges with tailored covenants and call features.
Recaps & restructures
Balance-sheet optimisation and covenant resets with investor-friendly protections.
How It Works
Scope & objectives
Define issuer/investor goals, risk limits, and timeline.
Diligence
Legal, tax, collateral, and waterfall testing; sensitivity and downside cases.
Lifecycle support
Ongoing monitoring, amendments, and event management.
Structuring & pricing
Model scenarios, coupons, conversion ratios, and upside-sharing.
Documentation & execution
Term sheets, subscription docs, and settlement coordination.
