BDO advises both corporates and the public sector on all financing issues and supports them in finding and implementing optimal financing solutions. Our team of experts with interdisciplinary expertise provide you with comprehensive support until your specific financing goals are achieved.

Our consulting services

We can support corporates and investors (including family businesses, start-ups, SPVs) on financings relating to many different situations - e.g. new investments and acquisitions, in connection with the prolongation or rescheduling of existing loans as well as in the financing of corporate actions. We are also an established partner when our clients find themselves in a less positive phase of their development e.g. in the event of impending loan covenant breaches, or who are faced with a restructuring or in the context of applications for subsidies in connection with COVID 19 aid, where we are currently very active. We can help our clients to maximise their debt funding options, improve their liquidity and optimize the liability side of the balance sheet.

We also advise public-law entities (including the Croatian federal government, the Croatian states, local authorities, pension funds and other public-law institutions) in connection with the structuring of specific public sector financing issues. This includes for example equity investments, procurements and other investment matters as well as guarantees. It also extends to advising the public sector in connection with the granting of COVID-19 subsidies from stabilization funds, where again we are currently very active.

In practice, our range of services regularly includes:

Carrying out risk and financial analyses
Preparation or analysis of liquidity planning and implementation of financing strategies (also in crisis situations)
Preparation of key financial figures for internal monitoring and external communication (e.g. information memorandum, teaser or reporting to stakeholders)
Calculation of refinancing costs
Identification, approach, negotiation and contract drafting with capital providers
Identification of funding programs, application for funding, support up to notification of grant including subsequent usage checks
Assumption of trustee functions in complex financing processes and stabilization measures

Our added value for you

We at BDO take a holistic approach to your corporate or investment strategy, analyze your existing financing structure and validate the specific financing requirements. We advise you on the selection of suitable financing components and then support you in the implementation of the process.

Our broad market knowledge as well as our diversified industry know-how enables us to select the most suitable financing solutions for you - including alternative or innovative forms of financing – which can also help you to minimize your financing costs.

Financing structures

Various financing options may be available to implement a finance strategy. In practice, the following equity and debt instruments are often very relevant:

Capital increases

Private Equity

Public subsidies

Bank loans/(private) lenders

Bank loans are still the principal financing instrument in Croatia (especially for owner-managed companies). In addition to banks, institutional and private investors are other potential lenders.

Bonds

Promissory note loans

Mezzanine financing occupies a position between equity and debt capital and can be found in various forms:

Mezzanine loans (subordinated loans, participating loans)

Capital combined with profit participation rights

Convertible bonds and bonds with warrants

Alternative forms of financing include for example leasing and factoring.

BDO’s team of experts

In our multidisciplinary debt advisory expert team, we have extensive experience in the entire financing process, from the initial financial analysis of your requirements to the development of a tailored financial strategy through to the implementation of the chosen financing strategy. Your BDO team is made up of experienced specialists who regularly advise on financing processes for investors and companies in a wide range of industries as well as public entities. Our approach is informed by our commercial know-how combined with financing, audit and tax expertise as well as legal.