InterCapital acted as an advisor to Tankerska Plovidba in an acquisition financing loan that was used to finance majority of the purchase price of the acquisition of Turisthotel. On a 100% basis, this landmark transaction is valued at 224 EURm, making it the largest acquisition of a public company in Croatia in the past 5 years as well as one of the largest acquisitions in the history of Croatian tourism sector. Following the conclusion of the tender offer, Tankerska plovidba now controls 94.4% of voting shares. To read more about the deal click here.
The loan was syndicated by two banks, Zagrebačka banka and Erste bank, while InterCapital played an important role in structuring and executing the deal.
InterCapital’s role as an advisor in this acquisition financing loan was to help structure the transaction, negotiate the terms of the loan, and manage the syndication process. InterCapital team worked closely with the borrower to understand their needs and objectives, and then helped design a loan structure that met those needs. This involved negotiating the terms of the loan with the lenders, including the interest rate, repayment schedule, and covenants.