Linklaters has advised NatWest Markets and Citibank, as hedging party and trustee respectively, on the financing agreement for up to €275m in capital to a debt vehicle managed by Teylor AG (Teylor), a 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.
Since inception in 2018, Teylor has built a unique platform providing fast and flexible financing to SME borrowers in Germany. 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.
The €275m in fresh capital will enable Teylor to continue its growth and allow the company to meet the financing needs of SMEs with a variety of debt products via the Teylor credit platform.
Linklaters’ multijurisdictional Capital Markets team advised on the transaction. NatWest Markets was advised by partner Reza Taylor, managing associate Eduardo Barrachina, and associates Adrienne Diu and Dan Hilbert (all London), while Citibank was advised by partners Neil Pallender (London) and Barbara Lauer, counsel Jördis Heckt-Harbeck (both Frankurt), managing associate James Pearce (London) and associate Kai Ackermann (Frankfurt).
Linklaters’ market-leading practitioners take a unique coordinated, cross-practice, cross-jurisdictional approach to support clients with their most complex fintech projects across the full fintech spectrum and all aspects of transactional and regulatory advice.
The firm’s work with financial institutions, challenger banks, infrastructure providers and technology companies alike, gives it a deep understanding of the key issues that matter to clients, whether incumbents or disruptors.
