Rising demand for mezzanine finance

Demand for finan­cing with mezza­nine capi­tal is incre­asing. Mezza­nine capi­tal is charac­te­ri­zed by certain features, some of which can be assi­gned to equity and others to debt. In the event of insol­vency, for exam­ple, subor­di­na­tion to other credi­tors, prio­rity over liable equity capi­tal, flexi­bi­lity in setting prices and condi­ti­ons, waiver of colla­te­ral, (mostly) no dilu­tion of share­hol­der shares and, conse­quently, no change in voting rights in the company.