What you can expect
The acquisition financing process
Early involvement pays off. Even before a final bid, we map out what is financeable, often in conjunction with our own buy-side advisory. We analyze the target and the rationale of the acquisition and build an integrated financial model with the company stand-alone and the expected synergy. Based on this, we determine the appropriate structure and leverage. We explicitly name the risks surrounding synergy and integration, along with the measures that make them manageable.
We then explore the wider market: banks, private debt, mezzanine, and debt funds. We compare the indicative bids on structure, price, and flexibility, and translate them into clear choices. In the negotiations, the focus is on leverage, pricing, covenants, and security. Sufficient covenant headroom is essential in this regard: there must be room left if the performance of the target or the existing company falls short. Finally, we align the financing documentation with the transaction documentation and coordinate signing and closing.
Why Maasdael?
Maasdael has its origins in financing. Our founding partners have held leadership positions at banks, which means we know credit processes from the inside out. We have extensive experience with acquisition financing for both private equity and strategic buyers, with stacked structures, and with a network that extends beyond banks alone. Because we have both buy-side advisory and financing under one roof, the two tracks flow into each other instead of running side by side.
Our approach is personal and no-nonsense: we maintain tight control in a process with many simultaneous workstreams, ensuring that financing is never the reason a transaction fails to close.
