The deal provides Silvr, a Fintech offering revenue-based financing to SMEs based in France, a new securitised facility of up to €200 million which will allow it to continue to offer and underwrite loans following its expansion in recent years and to accelerate growth across continental Europe. This transaction also involved Channel Capital acting as mezzanine funder.
Silvr currently originates loans for SMEs registered in France and Germany. In its first two years of operation Silvr had underwritten over 250 loans and deployed €150 million of capital towards SMEs, becoming the fastest growing SME lending platform in Europe. Silvr uses real-time data-scoring algorithms to provide short-term funding to companies within 48 hours.
The Hogan Lovells team was led by structured finance and securitisation partners Julian Craughan in London and Laura Asbati in Paris. They were supported in London by associates Steven Minke and Ryun Pang and by trainee solicitors Ben Littlewood and Hannah Dingemans and in Paris by associate Vicenze Franzil.
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