Year End Review and 2021 Outlook
01 Feb 2021
At BREAL Zeta, our team is proud to have achieved a number of key milestones that would have been considered highlights in any year and are all the more remarkable given the circumstances of the past 12 months. We are pleased to provide an overview of a few of these achievements below. To read our full overview of 2020 and our outlook on 2021, please click here.
Having agreed an affiliation with a top 10 global credit fund in November 2019, we are now targeting lending to European mid-market businesses requiring debt facilities up to £150m. We can lend against all balance sheet assets as well as providing cashflow lending. We are able to structure debt facilities flexibly to meet client requirements and take a pragmatic approach to decision-making.
Over the past year, we have seen a number of different scenarios where we have been approached for finance, including transactions, refinancing debt facilities that are no longer fit for purpose and supporting businesses through a period of change.
With the introduction of crown preference it is increasingly hard for businesses to leverage their inventory and we have successfully structured facilities where traditional asset-based lenders have not had an appetite.
We are committed to building a team that can support the aspirations of the companies we are funding. In just 12 months, the BREAL Zeta Team has grown to 18 people with 10 new hires in 2020.
Our dedicated team provides us with the rare ability to structure and manage complex and multi-jurisdictional transactions, which are the core of our offering. We have accelerated our new business trajectory in 2020 and have grown our client base significantly, with £175m of new funding facilities written in the last 12 months alone.
We hope that this overview is of interest and we very much look forward to discussing ways in which we can support businesses in 2021 and beyond.