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CREDITRELAX finalizes its 4th record LBO since the beginning of the year finds

CREDITRELAX has just completed its fourth LBO in Paris negotiating on behalf of the buyer Workshops Alain Pras senior debt of million euros from two banks.

The context of this LBO
Alain Pras, founding Chairman of the Workshops Alain Pras (PAA), leading French actor of the design and implementation of business models for industrial and service companies seeking to sell his company. He was in contact for several months with Mark Laubier who wished, after many years in trading rooms to engage in the entrepreneurial venture.

CREDITRELAX entered into relationship with Mark Laubier through the device "Pass the Baton" of the House of Commerce in Paris with two associates CREDITRELAX are regular players.

Laubier Mark was already in contact with the two banks in the target company to apply for a senior debt of € 1 million to supplement a rising tide of cash, convertible bonds for a capital investor and a co OSEO.

"At first, the two bankers of the target were very positive, but one of them was slow to give me his answer, while the other was given a co-financing only up to 450,000 euros, it would therefore miss 100,000 euros, which implied raising additional cash from the target, and thus a tighter liquidity. I am so worried, and sent to CREDITRELAX "said Mark Laubier.

CREDITRELAX played a role in the framework of this approximation
CREDITRELAX obtained a written agreement for a new bank (previously unknown to the Ateliers Alain Pras, seller and buyer) in late 2008 for an amount of 500 000. In early 2009, teams CREDITRELAX received the second tranche of 500,000 euros in early 2009, with another bank.

Both funds have been negotiated at the same rate negotiated with insurance to avoid heavy medical examinations.

Jean-Philippe Deltour, one of the two partners said CREDITRELAX "A purchaser of SMEs is often helpless when it comes to getting a loan. It is naturally addressed to the bank and do not always have the contacts to put banking networks in competition. We know the specifics of each facility and we know that we can present a particular case. We must go quickly in this type of transaction. "

Mark Laubier told about this opportunity CREDITRELAX: "In three days they put me in connection with an institution that I agreed to finance half the project with a lower rate of 0.70%. In one month the financing of the buyout was completed "

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CREDITRELAX spreads more and more important in terms of loans to SMEs

These disparities are primarily related to the business enterprise. Given the various bank fees that add to the cost of credit and can vary significantly from one institution to another, it is essential to consider the overall cost of créditet not just the interest rate displayed.

Some examples of average rates achieved in various business segments: Great

teaches fast food (South West): 3.75% to 4.8%
In this example, the bank ultimately selected by the project leader was pascelle proposing the highest low, but one that has agreed not to block the accounts of associates. The potential savings from payroll taxes amounted to 60 000 €.

traditional restaurant (Paris): 4.20% to 5.15%
Also on this record, it is not the cheapest bank was chosen, but that agreeing to finance without resorting to a bail agency mutual SLA type. Using this type of bond adds an average 0.7 point at a nominal rate of credit. A higher rate without body-cons warranty will therefore sometimes more interesting than low rates raised the cost of the warranty.

Teaches clothing (East): 3.68% to 4.5%
In this case it is the lowest rate that has prevailed. According

CREDITRELAX, should be particularly vigilant about
following points:

Do not just stop at the rate, but analyze the proposal in a banking solution. The rate is actually the opposite of the iceberg : We must be vigilant on all parameters of a professional financing rates, intake, duration, guarantees, warranties, insurance, relays VAT, account maintenance, credit card commission.

rate differentials have been never been more important for 5 years:

- within the same banking network:
For one of the partner banks CREDITRELAX, rates range from 4.26% to 5.00
% over the same region following agencies.
-between banks:
sometimes observed considerable variation: 3.68% to 6.00%.