AMWatch

"Proventus doesn't do leveraged loans or covenant lite"

Reporting and talk indicate that the market for direct lending to medium-sized companies is overcrowded. But in Sweden Proventus Capital Partners has been successful by sticking to a stringent strategy.

CEO of Proventus, Daniel Sachs is fascinated by helping and funding entrepreneurs | Photo: Proventus

The name of Swedish direct lender Proventus was not picked at random. The word is Latin and carries several meanings: Outcome, result, increase, grow, crop, yield and success -- all ideas that Proventus likes to say it creates or co-creates together with the small and medium-sized businesses it lends to, primarily in Scandinavia and Germany.

"We like being a strategic financial partner to family-owned businesses. The key part of our business model is to leave the owner in control of their business. Having a bilateral relationship with us is a very different funding solution from, say, issuing a bond," Daniel Sachs, CEO of Proventus since 2003, tells AMWatch.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Norway has the fastest growing investment fund market in Europe

So far in 2021, Norway has experienced massive inflows to its investment fund markets, beating former records. The pandemic and different government initiatives have resulted in an increased savings rate. Data also show that market shares are shifting among Norwegian fund managers.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch