The consulting firm Capcora, specialized on real assets, once again arranged mezzanine capital for the financing of onshore wind projects in Germany. The funds will be used to recapitalize tied-up equity in an existing project with a capacity of 15 MW and to acquire new wind projects.
The financing was structured as a bearer bond issued by the family office and is collateralized with the shares in the project company that holds the wind farm. The mezzanine financing enables the customer to release its tied-up equity in order to acquire new projects. The first investments have already been implemented.
The bond has a term of approximately 1 year with a bullet repayment.
"It is the fourth mezzanine financing that we were able to close in 2019. With the closing of this transaction, we were able to raise mezzanine capital for wind and solar projects with a capacity of more than 350 MW this year and are thus setting new standards in terms of this financing scheme," said Alexander Enrique Kuhn, managing partner at Capcora and responsible for the energy and infrastructure sector.
Capcora is a consulting firm, specialized on real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium sized companies. The focus is especially on mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind) and real estate through alternative financing sources.
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