Equity kicker

This is unders­tood to mean the oppor­tu­nity to parti­ci­pate in the success of the company. This can consist, for exam­ple, in the conver­sion of mezza­nine capi­tal into equity, i.e. a “real” equity invest­ment. A share­hol­ding is also conceiva­ble in the event of an inten­ded subse­quent IPO. Lenders are thus given the oppor­tu­nity to acquire shares in the part­ner­ship or corpo­ra­tion to be finan­ced at a later date, often on special terms.