Test Manual Deal 2

Active

M
Medium Confidence

Some data gaps or assumptions — review before distributing.

Information completeness3 verified · 0 assumed · 4 pending
Assessment coverage4 criteria evaluated
Mandate Alignment
Investor Appetite
Sponsor Credibility
InvestEU Window
Data gaps (8)
TermTenorTermSizingTermPricingTermUpfront FeeBlockingWhat is the sponsor/borrower legal name, jurisdiction of incorporation, and primary sector of activity?BlockingPlease provide the borrower's EBITDA for the last 3 financial years (and LTM if available). Without EBITDA, debt sizing is PENDING and the deal cannot be distributed to investors.BlockingWhat is the requested loan tenor (years)?BlockingWhat is the intended use of proceeds?

Alter5 Assessment

CONDITIONAL GO

Alter5 Fit

35/100

Investor Appeal

72/100

Headline Terms

TermValueTagNote
TenorPENDINGNot provided. Indicative fallback convention: 3–7 years (partial match — geography ES, corporate_general senior). BLOCKING — must be confirmed by sponsor.
Amount5,000,000CONFIRMEDEUR 5,000,000 as stated.
SizingPENDINGEBITDA not provided. TWO-PASS sizing is BLOCKED. Bank max = EBITDA × 4.0x; Debt Fund max = EBITDA × 5.0x (fallback conventions, partial geography match). BLOCKING — EBITDA required to confirm or challenge the EUR 5M request.
PricingPENDINGCannot be proposed without confirmed sector, jurisdiction, and EBITDA. Indicative fallback range (partial match, treat as illustrative only): Bank market 200–400 bps; Debt Fund market 400–800 bps. Lender segment finalisation also required.
CurrencyEURCONFIRMED
Upfront FeePENDINGIndicative fallback: Bank 50 bps; Debt Fund 100 bps (partial match). Requires confirmed jurisdiction and sector to apply correct convention.
Template Keycorp_standardCONFIRMEDVanilla corporate loan. No external guarantee or asset pledge. Sized on EBITDA/leverage. Alternatives available: corp_parentcompanyguarantee, corp_assetbacked, corp_holdco, corp_eif.

Critical Q&A — 8 questions

What is the sponsor/borrower legal name, jurisdiction of incorporation, and primary sector of activity?

BlockingSponsor Project· Borrower / Sector / Jurisdiction

Please provide the borrower's EBITDA for the last 3 financial years (and LTM if available). Without EBITDA, debt sizing is PENDING and the deal cannot be distributed to investors.

BlockingStructure Financials· Debt Sizing / Leverage

What is the requested loan tenor (years)?

BlockingStructure Financials· Tenor

What is the intended use of proceeds?

BlockingSponsor Project· Purpose / Use of Proceeds

Please provide headcount (current year + prior 2 years), total revenue, and total assets for EIF / InvestEU eligibility assessment.

ImportantEif Eligibility· EIF Eligibility — Size Classification

Please provide the full shareholder structure (name, entity type, % ownership) to assess group contamination risk for EIF SME / Small Mid-Cap classification.

ImportantEif Eligibility· EIF Eligibility — Shareholder Contamination

What security package is proposed (e.g., share pledge, asset charge, personal guarantee, parent guarantee)?

ImportantStructure Financials· Security Package

What is the borrower's existing net debt (if any)? Required to calculate headroom under bank and debt fund leverage conventions.

ImportantStructure Financials· Existing Debt / Leverage Headroom

Analysis Info

Statuscomplete
ProductCorp Standard
Lender segmentbroad
Run on5 Apr 2026

Re-running will overwrite the current draft analysis.

Matched Investors

(10)
1Tres Mares Capital Corporate Lending - CL - HSD
GeographyTicket sizeReturn profile

No geography constraint — passes all deals. Ticket EUR 5M within range. Return mandate (high single digit) aligns well with the deal profile. Highest scored investor in this run.

82
2Capital Four
GeographyTicket size

Pan-European mandate, no geography restriction. Ticket size matched. Partial structure/seniority match.

72
3NomuraEIF
GeographyTicket size

Pan-European mandate, ticket size matched. EIF financial intermediary — relevant if EIF eligibility confirmed.

72
4Finlight
GeographyTicket size

Pan-European mandate, ticket size matched. Partial structure match.

72
5IbercajaEIF
GeographyTicket size

Pan-European mandate, ticket size matched. EIF financial intermediary.

72
6Arcano Debt
GeographyTicket size

Pan-European mandate, ticket size matched. Partial structure match.

72
7IFM Debt
GeographyTicket size

Pan-European mandate, ticket size matched. Partial structure match.

72
8Kartesia Corporate Lending - CL
GeographyTicket size

Pan-European mandate, ticket size matched. Partial structure match.

72
9HAUCK AUFHÄUSER LAMPE Debt
GeographyTicket size

Pan-European mandate, ticket size matched. Partial structure match.

72
10China Construction BankEIF
GeographyTicket size

Pan-European mandate, ticket size matched. EIF financial intermediary.

72