Tikehau, Macquarie team up for French mid-cap loans
The drive by the institutional investor market to cover the gap in mid-cap lending left by banks retrenching from the market continued this week, with French investment firm Tikehau and Macquarie linking up to provide a credit programme for mid-market French companies.
Macquarie and Tikehau will provide unitranche, mezzanine and private bonds to both corporate and private equity-owned companies, in loans as large as 200m each. The institutions said the main advantages for borrowers would be the speed, simplicity and certainty of execution.
These qualities are often trumpeted by institutional investors
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