I see particular opportunity among platforms that have already proven their concept — often with seed capital from founders, friends, and family offices — and grown from €0 to €25m in volume. These businesses are now ready to scale towards €100m and need funding solutions that can get them there efficiently.

Altimapa strengthens its advisory team with the appointment of Daniel Arques as Head of Financial Institutions and Fintech.

Marielle joined Altimapa in June 2023

Vlad Groza has been with Altimapa Capital for four years

Martin Nowicki joined Altimapa in April 2023

2024 started with central banks approaching the peak of interest rates, and the resulting promise of greater stability, despite geopolitical events, such as a 20% surge in oil prices due to tensions in the Middle East, adding an element of uncertainty.  

Below we review the trends affecting banks, private debt funds and public bond markets.

The Global Credit Outlook 2024 by S&P Global Ratings highlights how the end of cheap money represents a return to credit fundamentals and liquidity analysis in the face of a higher cost of debt, increased maturities, and slowing economic activity. We present some of the key take-aways for the mid-market.

The October 2023 Euro Area Bank Lending Survey indicates ongoing challenges in the lending environment in the Eurozone.

Small and medium-sized enterprises (SMEs) play a vital role in the economy of Scandinavia, accounting for a significant portion of the region's GDP and employment. However, despite their importance, SMEs in Scandinavia challenges when it comes to funding their operations and growth.

Venture debt lending has become an increasingly popular financing option for fast growing companies in Europe in recent years. Venture debt lenders provide capital to companies that are unable to obtain traditional financing due to their lack of profitability or business model.