Alantra advises creditshelf AG on the arrangement of a new funding facility

Nov 2022

Funding and Structured Finance

Germany – Alantra, the global investment banking and asset management specialist, is pleased to announce that it has advised German SME Fintech, creditshelf AG (“The Company”) on the arrangement of a new funding facility of up to €100m of secured financing against German SME originated loans.

creditshelf AG arranges loans to German small and mid-size companies (“Mittelstand”) by offering a competitive and risk-priced financing proposition in the form of unsecured senior loans with a ticket size of €500Km to €5m.

Leveraging on its proprietary, data-driven, risk analysis platform, the Company has unlocked financing access for key SME segments while establishing a track record of robust underwriting. Since its inception it has arranged more than €500m of loans in a cost-efficient manner. About 80% of its customers are repeat customers, demonstrating high satisfaction levels. The Company was listed on the Frankfurt Stock Exchange in 2018 (CSQ).

Alantra’s Structured Finance and Asset Backed Securities (SFABS) team advised creditshelf AG on the structuring of the debt financing arrangement consisting of a Senior note and an Equity tranche. Alantra supported the client in all commercial and structural aspects, market sounding and selection of the final counterparts as well as through the negotiations of the transaction documents.

The Senior note will be provided for a global Investment Bank and the Junior will be provided for by one of The Company’s current shareholders.

Dr. Daniel Bartsch, creditshelf’s CFO, highlighted: “The transaction makes us very proud and is a great success for our corporate development. The additional funding source is an essential component of our growth strategy, enabling us to meet the ever-increasing loan demand of our SME client base.”