Bantry Bay Capital Limited

Overview

Bantry Bay Capital Limited is a specialist lender focused on providing asset-based debt capital solutions to corporates undergoing change. The firm specializes in non-dilutive financing, offering bespoke financial solutions to companies in transition, typically involving complexity, growth, or challenge. Bantry Bay's team comprises market-leading professionals with proven experience in establishing and managing sector-leading businesses, including asset-based lender Burdale Financial (now Wells Fargo Capital Finance). The firm operates as a joint venture partnership with funds advised by Elliott Advisors (UK) Limited and its affiliates, a global fund manager with approximately $41.8 billion in assets under management. Bantry Bay's investment strategy includes providing flexible, deal certainty, and speed of execution, focusing on asset value rather than profitability. The firm partners with management teams and shareholders to provide debt-only solutions, helping clients solve problems and providing financial and operational flexibility to build long-term value. Bantry Bay's transaction types include acquisitions, growth capital, refinancings, recapitalizations, restructurings/turnarounds, exit financings, rescue financings, and secondary debt purchases. The firm has a comprehensive standalone solution or can be a complementary partner to bank debt and junior capital. Bantry Bay's key criteria for debt size range from £20 million to £300 million+, with flexible asset-based debt structures, including senior term loan and RCF, stretch ABL, unitranche, FILO, second lien, split lien, and bifurcated. The firm operates in the UK, USA, and selected European and other jurisdictions, focusing on asset types such as real estate, plant & machinery, inventory, receivables, and IP/brand. Financially, Bantry Bay places no minimum EBITDA; focus is placed on a viable business plan. The firm's portfolio companies include ASOS, the global online fashion platform, which received a £275 million financing package in May 2023. Bantry Bay's team includes Managing Directors Tania Saldanha and Victoria Levine, and Managing Directors in the US Andrew Robin and John Perrott. The firm is headquartered in London, United Kingdom, with an office in New York, USA.

Investment Focus

• Asset-based debt capital solutions
• Non-dilutive financing
• Bespoke financial solutions
• Support for corporates undergoing change
• Focus on asset value rather than profitability
• Flexible, deal certainty, and speed of execution
• Partnership with management teams and shareholders
• Debt-only solutions
• Comprehensive standalone solution or complementary partner to bank debt and junior capital
• Transaction types including acquisitions, growth capital, refinancings, recapitalizations, restructurings/turnarounds, exit financings, rescue financings, and secondary debt purchases
• Debt size ranging from £20 million to £300 million+
• Flexible asset-based debt structures including senior term loan and RCF, stretch ABL, unitranche, FILO, second lien, split lien, and bifurcated
• Operations in the UK, USA, and selected European and other jurisdictions
• Asset types including real estate, plant & machinery, inventory, receivables, and IP/brand
• No minimum EBITDA; focus on a viable business plan