Futuregrowth's website offers guidance on a R100 million restructuring plan to bolster growth in rural retail sectors.
Norton Rose Fulbright (NRF) has proven its expertise in managing complex mezzanine finance arrangements, as demonstrated by its advisory role in the R100 million restructuring of Futuregrowth Asset Management’s mezzanine facility.
In this transaction, NRF assisted Futuregrowth, acting as facility agent for mezzanine lenders, by designing a funding structure that aligned Futuregrowth’s rights with those of senior lenders, despite their different capital structure levels. The team, led by Banking and Finance director Izak Lessing, secured lender protections through targeted negotiations and tailored security arrangements.
The transaction involved the restructuring of Diecel Invest and Trade (RF) Proprietary Limited, aimed at acquiring equity in rural retail property platform Enyuka Prop Holdings. It also included refinancing of existing debt. This deal underscores NRF's capability in handling complex capital structures and protecting lender rights in bespoke investment vehicles.
Izak Lessing, who specializes in mezzanine finance, was supported by associate Adrienne Hendricks. The team's expertise lies in navigating complex structuring, aligning interests across different capital layers, negotiating protections for mezzanine lenders, and tailoring security frameworks to support high-impact property investments and growth capital financing.
This transaction is an example of NRF’s proficiency in navigating complex capital structures and protecting lender rights across investment vehicles. It demonstrates the firm's ability to manage complex restructurings and refinancing, and strengthens Futuregrowth’s position in supporting high-impact commercial property platforms.
The transaction demonstrated Norton Rose Fulbright's (NRF) ability to manage complex restructurings and refinancing, particularly within the mezzanine finance segment. In this deal, the team, led by Banking and Finance director Izak Lessing, secured lender protections and tailored security arrangements to align interests across different capital layers.
