Financing

The posts under this tag deal with how a Mittelstand company or an acquisition gets paid for: bank loans and what a Hausbank asks to see, KfW programmes and who qualifies for them, guarantee banks, seller loans in a succession sale, earn-outs, and the equity that has to sit underneath all of it. They explain each instrument in plain words before the technical detail, state current terms with the date they were checked, and show how the pieces stack in a worked example with the cover ratios a lender computes. The material comes from financing work on our own acquisitions and from client engagements in the finance practice. It is not advice: every structure described here needs a Steuerberater and, where guarantees are involved, a lawyer before anything is signed. Read this tag to walk into a bank meeting knowing what will be asked and why.