European Illiquids

Investment Size

$5M - $50M

LTV/LTC

up to 80-90%

Average Term

60 Days – 4 Years

Geography

pan-European

Strategy Description

Our London based team focuses on asset acquisition, credit, and deep value opportunities within direct corporates, property, structured finance, special situations, and portfolios of various assets on a pan-European basis. In addition to direct originations, Arena actively co-invests, joint ventures and creates operational partnerships. Arena provides speed of execution, and its flexible capital allows for “out of the box” creative structures to meet borrowers’ financing needs in the following investment areas:

  • Corporate Private Credit
  • Commercial & Industrial Assets
  • Consumer Assets
  • Real Estate
  • Other related asset classes

Underwriting Ability

Rather than specifically underwriting against an absolute level of EBITDA, Arena seeks to understand the “story” or problem, revenue, assets (non-traditional) and overall enterprise value.

Sponsorship

Private equity sponsors, independent sponsors, directly with management and owners of assets (companies, hard assets / intangible assets and options), and other related counterparties

Investment Structures

Real Estate

Real estate secured non-performing loans, mezzanine and bridge loans, commercial and residential hard asset investment, discounted pay-off (DPO) finance

Loan Portfolio

Portfolios of secured and unsecured receivables and loans; residential mortgages, credit cards, auto loans, subordinate pieces of warehouse facilities, mortgage shortfalls; specialty credit/finance companies, including “Fintech”

Corporate Debt

Secured and unsecured loans (e.g. claims, liquidations); rescue financing / DPO finance; transition capital, including senior, bridge and/or mezzanine; venture debt

Lease- and Collateral-Backed Financing

Public market securities or privately negotiated transactions; aircraft, shipping, equipment leases, secondary purchases, litigation finance, invoice finance, fund finance, etc.

Structured Products

RMBS, CMBS, other asset backed or based securities

Sample Transactions

ArenaFinCo-European-Illiquids-2019-04-09

1st Lien Senior Secured Term Loan

 

Professional Sports Team

Italy


April 2017

12,000,000

ArenaFinCo-European-Illiquids-2019-04-09

1st Mortgage Bridge Loan

 

Hotel

Italy


January 2016

$4,300,000

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