Capital Governance

Capital Governance


Capital Governance

Our Vision

Our vis­ion is the optim­iz­a­tion the debt man­age­ment of our cli­ents and is based on 3 core val­ues:

  • Cre­at­ing trans­par­ency through big data-based bench­mark­ing
  • Increased dir­ect com­mu­nic­a­tion between com­pan­ies and their investors
  • Use of dis­rupt­ive tech­no­lo­gies to raise debt

Our Approach

Benchmarking

Pro­fes­sion­al bench­mark­ing of the debt struc­ture and identi­fy­ing the exist­ing and poten­tial investor­ship of an issuer are the start­ing points of our ana­lys­is. In doing so, we will spe­cific­ally address the fol­low­ing ques­tions:

  • Is the lever­age ratio appro­pri­ate and is it reflec­ted in a pos­it­ive lever­age-based value (LBV)?
  • Has the debt cap­it­al been raised on accept­able terms?
  • Were the primary mar­ket trans­ac­tions car­ried out effi­ciently? What con­crete interest expenses could have been saved?
  • Does the com­pany have a suf­fi­ciently diver­si­fied investors base?
  • Is adequate sec­ond­ary mar­ket cov­er­age achieved through pro­fes­sion­al cred­it­or rela­tions?
  • Is there a need for optim­iz­a­tion of rat­ings?

Strategy definition

The ana­lys­is based on bench­mark­ing enables the strategy defin­i­tion:

  • Which instru­ment mix (e.g. bonds, loans, Schuld­scheine) should an issuer choose in the future?
  • Which fund­ing chan­nels should the instru­ments be placed through? Clas­sic, altern­at­ive or in a com­bin­a­tion of both?
  • Are bank syn­dic­ates prop­erly remu­ner­ated and incentiv­ized or have they been over­paid?
  • Which interest rates are appro­pri­ate?
  • How can cur­rent chal­lenges, such as cli­mate change and the COVID19 crisis in par­tic­u­lar, be over­come?

Implementation

The best concept is inef­fect­ive without prop­er imple­ment­a­tion. That is why we attach par­tic­u­lar import­ance to the imple­ment­a­tion and accom­pany our cli­ents in the exe­cu­tion of the jointly defined strategy, both in the area of sec­ond­ary mar­ket cov­er­age and in the area of primary mar­ket trans­ac­tions, in which the fruits of sec­ond­ary mar­ket cov­er­age are har­ves­ted.

Our shared Perspective

Evol­u­tion of fund­ing strategies

The enorm­ous poten­tial of digit­al­iz­a­tion has already fun­da­ment­ally changed the fin­an­cing pro­cess of com­pan­ies and will con­tin­ue to do so in the future — at an increas­ing pace. This gives com­pan­ies the oppor­tun­ity to define inde­pend­ent fin­an­cing strategies that will unlock enorm­ous sav­ings poten­tial and will sig­ni­fic­antly improve the fin­an­cial res­ult.

Increase of company’s earn­ings through optim­ized debt man­age­ment

In times of eco­nom­ic crises, the threat of deg­lob­al­iz­a­tion, increas­ing trade bar­ri­ers and ris­en com­pet­it­ive pres­sure, the oper­a­tion­al growth poten­tial of many com­pan­ies seems to be exhausted for the time being. An increase in com­pany res­ults in this dec­ade will there­fore be made pos­sible primar­ily by redu­cing fin­an­cing costs and is becom­ing more and more of a focus.