The situation
Bragi was navigating a complicated capital situation. A side-deal was needed to get shareholders into Exeger on attractive terms before broader market recognition arrived.
Distressed · 2018 Q2 · Germany
Structured and led a highly complex €10,700,000 side-deal into Exeger via Bragi shareholders. After Softbank invested 7 months later, the valuation 4×'d instantly and the shares were floated on Pareto Securities — instant liquidity, exceptional IRR.
Role · Deal architect
The situation
Bragi was navigating a complicated capital situation. A side-deal was needed to get shareholders into Exeger on attractive terms before broader market recognition arrived.
The work
Designed the legal and economic structure of the side-deal across multiple jurisdictions and stakeholders.
Led negotiations to close in a tight window.
Engineered the path to liquidity via Pareto Securities' secondaries market.
Outcome
Softbank invested into Exeger 7 months after closing — valuation 4×'d instantly. Shares were floated on Pareto, giving participating investors immediate liquidity at an exceptional IRR.
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