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13/11/2018
Eric Gallerne, Partner at Idinvest, expresses his views on mezzanine decline
Some market professionals believe the rise of other forms of junior capital has obscured the decline of pure mezzanine products, which have largely been usurped by unitranche and second lien instruments, according to Idinvest partner Eric Gallerne. However, Gallerne says mezzanine continues to be popular in certain market niches: "At the very small end, companies with less than €10m of EBITDA, there is still a market for mezzanine, usually in combination with senior debt provided by a bank to make up the specific funding needs of very small companies."

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