AMWatch

Unitranche market still almost non-existing in the Nordics, credit manager says

Even though the number of transactions in the Nordic direct lending space is gaining traction, the unitranche market in the Nordics is still close to flat-lining, says credit asset manager Capital Four to AMWatch.

Photo: The Fiscal Times

Where there’s a leveraged buy-out market, there’s a unitranche market. Normally. However, in the Nordics that is not the case – yet.

"In the Nordics a borrower will typically seek loans from two-three different lenders. Either 1-2 banks or/and a direct lending facility. After pitching their offers one group of the lenders will usually end up financing the entire deal," partner and portfolio manager at Capital Four Mikkel Sckerl says to AMWatch.

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