- Didier Denat brings longstanding international investment banking and leveraged finance experience to the Teylor Debt Fund.
- The Teylor Debt Fund is the debt vehicle that finances loans originated through the Teylor credit platform.
- The fund is managed by a third-party AIFM and financed by leading investors who use it to gain access to the asset class of SME debt.
Zurich, 13 September 2023 - Teylor Debt Fund General Partner has appointed Didier Denat to its Board of Directors. He will be involved in supporting the growth of Teylor's private debt activities in the DACH region and other Western European countries. Didier Denat has formerly held executive positions in large investment banks and will be an invaluable addition to the fund's management team.
The Teylor Debt Fund is the Luxembourg-based debt vehicle that funds financings originated through the Teylor credit platform, which was launched by Swiss-based Teylor AG ("Teylor"), and is managed by Luxembourg-based AIFM RSM Luxembourg. The Teylor credit platform uses automated origination, due diligence and underwriting processes to enable German SMEs to access financing without the roadblocks and bureaucracy they typically face when requesting finance from traditional banks. Through this digital approach, the platform was able to process SME debt worth nearly €4bn in just three years. A large portion of these financings were funded by the Teylor Debt Fund. Institutional investors such as British-based Barclays Corporate and Investment Bank and M&G Investments are involved in the fund.
Didier Denat, Managing Director Corporate Finance at REYL Intesa Sanpaolo, comments:
Teylor's unique technology-driven approach to SME financing has become popular among German companies, resulting in a quick expansion of the fund's Assets under Management. I believe Teylor plays a key role in shaping the future of SME finance and I am looking forward to actively contributing to the fund's success.
Didier Denat was formerly Head of Corporate Banking and a Member of the Executive Board at Credit Suisse (Switzerland) AG. A leveraged finance banker by background, Didier spent over 20 years of his career structuring complex financings and advising private equity firms. For over ten years, he was responsible for Credit Suisse Leveraged Finance and Financial Sponsors team in Europe, based in London. He is now Managing Director with the Corporate Finance team of REYL Intesa Sanpaolo, based in Zurich.
Patrick Stäuble, CEO and Founder of Teylor, comments:
Didier has supported us since the very first days and has played a key role in many of our past milestones. We are delighted that he has accepted the board appointment as his advice will be invaluable going forward. That someone with such a prominent background decides to join the fund's board is also a testament to the quality of the work we do here at Teylor.
Other board members besides Didier Denat are Patrick Stäuble, CEO and founder of Teylor, and Andre Cordesmeyer, Chief Commercial Officer at Teylor. The fund's Assets under Management are set to grow as more and more SMEs are using the Teylor platform to get fast and unbureaucratic access to finance. During the past three years, Teylor saw the platform's financing volume increase by more than 100 percent year-over-year. The company estimates that it can achieve at least the same growth rate in the years to come, meaning the Teylor Debt Fund will keep expanding and attracting new institutional investments.
About Teylor AG
Teylor is the Swiss technology company that has developed the Teylor Platform, a suite of software modules that enable financial institutions to build, deliver and scale digital credit products. Teylor can customize its software modules to fit the requirements of any credit provider and credit product. Lenders can pick individual modules to complement and integrate with their existing legacy processes and technologies or develop entirely new digital processes from scratch. Banks throughout Europe use Teylor's software modules to innovate their lending processes, digitize their products and reduce the cost of lending. SMEs rely on Teylor for fast and convenient access to capital through Teylor's own private debt fund. The Zurich-based company was founded in 2018 by Patrick Stäuble. www.teylor.com