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Advice on the origination, structuring and execution of both bank and non-bank financing alternatives, granted by different types of investors: insurance companies, management companies, debt funds, family offices, among others.

Direct Lending & Corporate Private Placements

Throughout their career, Kenta Capital’s team have reached agreements with Institutional Investors, both nationally and internationally, to originate and structure Direct Lending and Private Placements for amounts in excess of €3,000 million, which has allowed them to close transactions with numerous companies in different sectors of activity.

Large Companies Direct Lending

Advising companies with EBITDA above €25 million on the structuring and execution of both bank and non-bank financing solutions, provided by a broad range of investors, including insurance companies, asset managers, debt funds, family offices, and other institutional lenders.

Real Estate Direct Lending

Advising on the structuring and procurement of financing for real estate investments, connecting sponsors with banks, insurance companies, and debt funds. This approach enables us to: (i) optimize the financing structure according to the risk profile of each project, (ii) improve economic terms through the creation of competitive tension among lenders, and (iii) diversify funding sources, maximizing value for our clients while providing certainty of execution.

Private Equity Direct Lending

Providing comprehensive advisory services in the structuring, fundraising, and negotiation of financing documentation for Private Equity firms and mid-market companies, connecting sponsors with banks, debt funds, and insurance companies.

Project Bonds

Long-term project financing, in bond format, with international institutional investors, which allows maximizing leverage, taking advantage of those opportunities in which, their structuring criteria are more competitive than those required by financial institutions.

In the last 3 years, Kenta Capital’s team has structured and executed transactions for an amount exceeding €2,500 million, both senior and subordinated debt in different formats: (i) with public investment grade rating by Standard & Poors (S&P), (ii) with AA credit enhancement with Assured Guaranty as monoline and (iii) without public rating. In addition, hybrid operations have been coordinated, combining bank and institutional financing.

Commercial Paper Programme & European Commercial Paper

A financing alternative in the capital markets that allows the issuer to: (i) diversify its sources of financing beyond traditional bank financing, (ii) optimize its financing costs and (iii) take a first step in the capital markets with fixed-income investors.

The Kenta Capital team has extensive experience in this product, having structured and registered Commercial Paper programmes in MARF and Euronext Dublin for an amount exceeding 7 billion euros, and for a total of more than 30 companies, some with investment grade public ratings and others high yield or non-rated. For the vast majority of these companies, it marked their entry into the capital markets and access to fixed income investors with the registration of their inaugural promissory note program.

Securitisations

Financing alternative in the capital markets based on the assignment of a portfolio of credit rights (present or future) that is financed through a promissory note or bond issue.

The Kenta Capital team has led innovative structures for securitisation of insurer-backed invoices for more than 700 million euros as well as securitisation of future receivables based on long-term contracts for more than 150 million euros, all of them with investment grade rating and distributed to institutional fixed income investors.

Investment Grade & High Yield Government Bonds

Long-term debt issuance transactions in public markets by large companies and financial institutions with both investment grade and high yield ratings.

The Kenta Capital team has participated in more than 100 transactions for public issuers as well as, financial institutions and listed and private companies for a cumulative amount of more than 50,000 million euros.