Who
We
Are
NIGEL is a Subsidiary of Arbel , Arbel is a Private Debt & Equity fund focusing on mid-sized private companies and asset finance. Arbel have raised in excess of 2.5 billion NIS.
Execution
We provide both debt and equity capital
NIGEL is unique in its ability to provide both debt and equity capital. NIGEL focus is sub-100 mm NIS (sub-25 mm USD) transactions in Cyprus and throughout Europe. Competition in the target space is scarce due to complexity and the relatively small transaction size for banks and institutional investors, and PE fund’s inability to provide “one stop shop” for both equity and debt financing.
NIGEL is equipped to
1
Structure
complex debt + equity transactions
2
Execute
on opportunities quickly and decisively
3
Avoid
regulatory constraints and process limitations applicable to banks and institutional investors
4
Make provisions
that will improve its ability to “control its fate” in adverse circumstances.
NIGEL seeks to structure transactions to “skew” the risk / return profile in its favor.
Its friendly equity investments will include inter alia minority protections, long-term put options, preferred shares, convertible securities, ratchet protection and other forms of financial structuring. Credit extended for asset finance, corporate finance and in M&A/LBO transactions, may be deployed across the capital structure (unitranche, mezzanine etc.), coupled with profit-participation or various forms of equity kickers, geared to achieve the best excess return for risk.
The Opportunity
While large public bond issuers (lately, and notably, including US-based real estate developers) enjoy attractive pricing in the bond market, mid-sized enterprises suffer from restricted and expensive access to credit, and virtually no access to equity funding. There are virtually no sophisticated domestic debt providers for corporate or asset finance. Domestic Banks and Insurance firms have fallen dramatically short of covering this space adequately. Capital adequacy regimes (both Basel III and Solvency 2) further limit these players’ ability to operate, leaving an enormous gap in the credit markets. Equity financing is also a limited and expensive option for mid-sized corporations. The limited number of Private Equity firms operating enjoy low entry-valuations and almost exclusively seek corporate control, often rendering them a poor fit for healthy companies seeking financing and friendly equity.
Quality, Risk & Return
The methodology deployed begins with investment analysis focus on potential loss, in normal and extreme cases since in the sophisticated credit space “not losing” is the first step to “winning”. This is followed by return and profit analysis, and appraisal of NIGEL’s ability to add value and reach the best possible return per risk. Opportunities are evaluated at both at the transaction and portfolio level and are managed to Exit.
NIGEL is Unique
There are virtually no other company that have the full flexibility invest across the entire debt – equity spectrum; focus on transaction size of 8-50 mm USD; are led by hands-on &highly experienced founders. NIGEL goes to where capital is expensive to Issuers and competition is scarce. NIGEL seeks to structure transactions with “skewed” risk-return to favor its shareholders.
Contact
Get In Touch
7 Dositheou Str, Block C, Office C001, 1071 Nicosia, Cyprus
P.O.Box: 27703, 2432 Engomi, Nicosia, Cyprus