With mezzanine you combine the advantages of equity and debt capital - and this with high flexibility of important conditions. This allows you to realise long-term investments or strengthen the company's financing base without having to transfer company shares. As DZ BANK Group, we are glad to advise you on individual investment opportunities together with our experts at VR Equitypartner.

Mezzanine includes, for example, undisclosed holdings, profit participation capital and subordinated loans. As with equity capital, the claims of mezzanine lenders are in a worse position than those of lenders in the event of insolvency. Nor does the company have to provide collateral to the mezzanine provider. On the other hand, however, the mezzanine donor does not receive any rights of co-determination or profit-sharing as is typical for shareholders in the case of equity capital. Due to this higher risk, the costs for mezzanine capital are higher than those of debt capital, but also clearly below the returns demanded by traditional equity capital providers.

Regardless of which financing structure you have in mind, we will be glad to advise you on financing structures based on the comprehensive product portfolio of DZ BANK AG: both in terms of debt and equity.