DEAL ANNOUNCEMENT
€275m Transaction Makes Teylor One of the Best-Funded SME Credit Platforms in Central Europe
Zurich, 1 June 2023 – Barclays Bank PLC, acting through its Investment Bank (“Barclays”), M&G Investments and other investors have signed financing agreements for up to €275m in capital to a debt vehicle managed by Teylor AG (“Teylor”), the Swiss-based fintech and European SME lender. This transaction is one of the largest fundraisings in the European private debt market for alternative lenders and the fintech industry so far in 2023.
The €275m in fresh capital will enable Teylor to continue its rapid growth and allow the company to meet the financing needs of SMEs with a variety of debt products via the Teylor credit platform. This landmark DACH fundraising transaction was closed despite the turbulent macroeconomic backdrop and uncertainty in capital markets which demonstrates the strength of the Teylor platform, team and technology.
Huy Nguyen, Head of Private Debt at Teylor, says, “This transaction is a milestone in Teylor’s growth story and for the European alternative lending industry. It was a pleasure working with all the involved parties to make this happen. Now, the team will focus on origination as well as deal execution and is looking forward to fruitful financing discussions with SME decision-makers.”
Since inception in 2018, Teylor has built a unique platform providing fast and flexible financing to SME borrowers in Germany. Teylor’s self-built technology platform is used directly to finance SMEs in Germany. Additionally, Teylor licenses the technology platform to more than a dozen financial institutions throughout Europe. Teylor’s proprietary platform for deal origination, credit risk assessment and private debt has allowed it to process more than €3bn of SME debt in the past three years.
Deal team
Teylor (Arranger): Patrick Stäuble (CEO), Huy Nguyen (Head of Private Debt // Deal captain), Thomas Nägele, Jay Vontobel, Louis Poirier, Maksymilian Gud and Ruben Wörnhart
Barclays (Senior): Sean White, Gordon Beck (Lead), Vladislav Sukonnikov, Joseph Mayer and Beatrice Chen
M&G Investments (Mezzanine): Vincent Charles-Gervais, Alexis Dussault (Lead), Eoin O'Shaughnessy and Cristina de Guzman Esteban
NatWest Markets (Hedging): Dominic Jameson, Felix Eschwege, James Duncalfe, Daniel Weiss, Lisa Maier and Loïc Van Waetermeulen
Citibank (Trustee): Matt Barlow, Sibylle Baker, Alex Blewer, Evgeniya Lukanina, Christopher Prudden, Nick Hoiles and Pawel Wojtkiewicz
Advisors
Clifford Chance (Legal Advisor of Arranger // DE): Oliver Kronat (Partner), Hannes Deusch, Antonia Walter and Jessica Kung
Clifford Chance (Legal Advisor of Arranger // UK): Julia Tsybina (Partner), Konstantions Voulgarakis, Brij Patel and Thomas Luck
Clifford Chance (Legal Advisor of Arranger // LU): Marc Mehlen (Partner), Marie-Elise Gueble, Charles-Henri Laevens and Ottavio Covolo
Latham & Watkins (Legal Advisor of Senior): Jeremiah Wagner (Partner), Patrick Leftley (Partner), Gearoid Murphy, Frank Bierwirth and Ulf Kieker (Partner // Tax)
Latham & Watkins (Legal Advisor of Mezzanine): Tom Cochran (Partner), Kamal Dalal, Karl Mah (Partner // Tax), Aaron Bradley and Delyth Hughes
Allen & Overy (Legal Advisor of Teylor Debt Fund I): Yannick Arbaut (Partner), Miao Wang (Partner), Jennifer Rouault (Counsel), Syntia Militello, Paul Péporté (Partner), David Van Gaever (Counsel), David Micheli and Nesrin Mathlouthi
Allen & Overy (Legal Advisor of New Debt (Compartments 1 and 2)): Paul Péporté (Partner), David Van Gaever (Counsel), David Micheli and Nesrin Mathlouthi
Linklaters (Legal Advisor of Hedging Party): Reza Taylor (Partner), Eduardo Barrachina, Adrienne Diu and Daniel Hilbert
Linklaters (Legal Advisor of Trustee): Neil Pallender (Partner), Barbara Lauer (Partner), Jördis Heckt-Harbeck, James Pearce and Kai Ackermann
Schalast (Legal Advisor of Arranger): Andreas Walter (Partner), Simon Waldbröl, Charlotte Zormeier and Clara Sturm
Advoro (Legal Advisor of Arranger): Boris Räber (Partner), Rafael Zemp (Partner) and Carmen Spichiger
Bank Reyl (Structuring Advisor of Arranger): Didier Denat
NatWest Markets (Mezzanine Syndicate): Miles Hunt and Owen Muller
