NBKC - GSC Group Mezzanine Fund I

The USD 157 million, NBK Capital - GSC Fund is the first mezzanine fund in the MENA region and Turkey that offers clients customized mezzanine financing options. The Fund, a joint venture between NBK Capital and GSC Group, a United States and Europe based credit-focused alternative investment fund manager, combines the acknowledged proficiencies of both groups to provide mid-market companies with flexible and innovative financing solutions.

Cultivating advisory relations and partnering with private equity sponsors and companies, the Fund provides USD 10 – 20 million per investment to support a range of transactions from buyouts and acquisitions to growth financing, refinancing and recapitalization. With flexibility in structuring, interest and repayment scheduling, equity components and speed of execution, the Fund is able to create tailor-made financing solutions that address the needs of sponsor and companies.

 

Fund Summary

Fund Size

USD $156 million

Debt Investments

$10 million - $20 million per investment

Transaction Types

Buyout, portfolio company refinancing / recapitalization

Geography

MENA and Turkey

Form of Investment

Subordinated debt with equity participation rights

Maturity of Debt Component

Three to eight years

Coupon

Cash and/rolled up (PIK) interest

Fund Target Return

20% gross IRR

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