Category: Case Study

Following the take-over and recapitalization of TVR by a group of successful British entrepreneurs, the development of a new high-performance car was commenced in close cooperation with Gordon Murray Design. Fiduciam provided the cornerstone of the second capitalization round, working together with the Welsh government and equity investors, in order to finance a new production facility in South Wales, a project representing £30 million of capital expenditure and creating 150 direct jobs and many more in the supply chain. This loan facility demonstrates Fiduciam’s ability to successfully complete ambitious transactions.

Fiduciam provided a bridging loan to a successful British entrepreneur who has been developing luxury property in Mallorca for over two decades.  The bridging loan allowed him to extract equity out of a newly completed project whilst marketing the property to potential purchasers.  The loan proceeds allow the British developer to finance three ongoing projects in Mallorca: the construction of a hotel and seven adjoining luxury villas, the construction of several rural cottages and the development of a further four detached houses.  Although the developer has access to development finance from Spanish banks, they were unable to offer as favourable terms and as quickly as Fiduciam.

Fiduciam provided working capital to a Luxembourg-owned vineyard in France.  The vineyard produces a biodynamic wine, which is also available in the UK.  The three-year commercial mortgage was structured as a multi-drawdown facility of €3m with an initial drawdown of €750,000.  Fiduciam took a charge over the vineyard, but in addition it also took security over 77,422 bottles of wine and 2,631 hectolitres of wine in barrels.  The loan was taken out by a Luxembourg company, principally owned by a high net worth individual from the United States.  Fiduciam stood out as international lender, dealing with five jurisdictions: the borrower in Luxembourg, the vineyard in France, the guarantor in the US, a pledgor from Australia, and Fiduciam based in the UK.