A deal that seeks to securitize the future investment revenues, such as dividends, of a Greek private equity fund-of-funds, will be road-showing in the coming weeks, say market participants. The deal, called Taneo, seeks to raise E100 million and has been in the works since late last year. It could be the first non-sovereign deal to be originated in Greece (BW, 11/18).
The deal is being co-lead managed by Deutsche Bank. The private equity fund of funds will invest in Greek technology companies and will have some government support. The National Bank of Greece and EFG Eurobank are also participating in the deal. Nicole Downer, head of corporate securitization at Deutsche Bank, could not be reached for comment.
