Glossary entry (derived from question below)
French term or phrase:
OBO sponsorless
English translation:
Owner-Buyout financed with sponsorless mezzanine loan
Added to glossary by
Steve Melling
Dec 11, 2012 12:28
11 yrs ago
3 viewers *
French term
France
12 years' experience
Native in: English
Works in: French to English, Italian to English, Spanish to English, and 1 more.
OBO sponsorless
French to English
Bus/Financial
Finance (general)
buyouts
Bit of a toughie for me. I've Googled the term in French and there aren't zillions of hits. I've then Googled "Sponsorless OBO" and the only hits are from French sources. I know what OBO is but not what an "OBO Sponsorless" is.
"L’objectif est de préparer la transmission du groupe à la seconde génération représentée notamment par Monsieur xxxxx, actuel Directeur Général. En janvier 2007, banque XYZ cède sa participation minoritaire aux actionnaires familiaux, dans le cadre d’une opération d’OBO sponsorless."
Many thanks.
"L’objectif est de préparer la transmission du groupe à la seconde génération représentée notamment par Monsieur xxxxx, actuel Directeur Général. En janvier 2007, banque XYZ cède sa participation minoritaire aux actionnaires familiaux, dans le cadre d’une opération d’OBO sponsorless."
Many thanks.
Proposed translations
(English)
| 1 | Owner-Buyout financed with sponsorless mezzanine loan |
Andres Larsen
|
Proposed translations
12 hrs
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English 
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
42
Selected
Owner-Buyout financed with sponsorless mezzanine loan
Owner-Buyout financed with sponsorless mezzanine loan
source:
Acto Mezzanine, FCPR: Private Company Information - Businessweek
investing.businessweek.com/.../snapshot.asp?capI... -
***The fund invests in transactions such as acquisition by equity sponsors in an owner's buyout. It provides sponsor and sponsorless mezzanine loans***. The fund prefers to invest in all the sectors. It seeks to invest in France.
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Note added at 12 hrs (2012-12-12 00:57:20 GMT)
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additional sources:
Direct With Management - Merit Capital Partners: Investment Focus
www.meritcapital.com/.../investment_focus_unsp...
Many providers of mezzanine capital require the presence of a large, well ... ***using mezzanine debt in conjunction with a Sponsorless Buyout*** include the following: ... more meaningful ownership position in relation to their cash investment and ...
Is there a UK market for sponsorless mezzanine? As the use of ...
business.highbeam.com/.../there-uk-market-spon...
Is there a UK market for ***sponsorless mezzanine***? ... of senior debt and a pick-up in the larger buyout arena during the second half of this year.
Intermediate Capital Group plc - Interactive Investor
www.iii.co.uk/investment/detail?...
As a result of the scarcity of debt funding, ***pricing of buyout debt*** in Europe ... for ***mezzanine investors, specifically in sponsorless mezzanine***, as demand for ...... Equity attributable to owners of the Company, 1,450.6, 1,250.2 ...
RNS News - London Stock Exchange
m.londonstockexchange.com › Home › RNS
As a result of the scarcity of debt funding, ***pricing of buyout debt*** in Europe ... specifically in ***sponsorless mezzanine***, as demand for growth capital is strong in ...... Equity attributable to owners of the Company, 1,450.6, 1,250.2 ...
MCP: OUR TEAM
www.minoritycapital.co.uk/team-mclaren.html
Investing in owner-managers ... After qualifying as a Chartered Accountant Bruce joined RBS in 1993 providing debt to mid-market private equity buyouts. In 2000 Bruce founded RBS's ***sponsorless mezzanine*** business, RBS Debt Ventures, ...
source:
Acto Mezzanine, FCPR: Private Company Information - Businessweek
investing.businessweek.com/.../snapshot.asp?capI... -
***The fund invests in transactions such as acquisition by equity sponsors in an owner's buyout. It provides sponsor and sponsorless mezzanine loans***. The fund prefers to invest in all the sectors. It seeks to invest in France.
--------------------------------------------------
Note added at 12 hrs (2012-12-12 00:57:20 GMT)
--------------------------------------------------
additional sources:
Direct With Management - Merit Capital Partners: Investment Focus
www.meritcapital.com/.../investment_focus_unsp...
Many providers of mezzanine capital require the presence of a large, well ... ***using mezzanine debt in conjunction with a Sponsorless Buyout*** include the following: ... more meaningful ownership position in relation to their cash investment and ...
Is there a UK market for sponsorless mezzanine? As the use of ...
business.highbeam.com/.../there-uk-market-spon...
Is there a UK market for ***sponsorless mezzanine***? ... of senior debt and a pick-up in the larger buyout arena during the second half of this year.
Intermediate Capital Group plc - Interactive Investor
www.iii.co.uk/investment/detail?...
As a result of the scarcity of debt funding, ***pricing of buyout debt*** in Europe ... for ***mezzanine investors, specifically in sponsorless mezzanine***, as demand for ...... Equity attributable to owners of the Company, 1,450.6, 1,250.2 ...
RNS News - London Stock Exchange
m.londonstockexchange.com › Home › RNS
As a result of the scarcity of debt funding, ***pricing of buyout debt*** in Europe ... specifically in ***sponsorless mezzanine***, as demand for growth capital is strong in ...... Equity attributable to owners of the Company, 1,450.6, 1,250.2 ...
MCP: OUR TEAM
www.minoritycapital.co.uk/team-mclaren.html
Investing in owner-managers ... After qualifying as a Chartered Accountant Bruce joined RBS in 1993 providing debt to mid-market private equity buyouts. In 2000 Bruce founded RBS's ***sponsorless mezzanine*** business, RBS Debt Ventures, ...
4 KudoZ points awarded for this answer.
Comment: "Many thanks."
Reference comments
9 mins
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
42
Reference:
sponsorless Owner-Buy-Out (OBO).
France - Crédit Agricole sells Sponsorless stake in Proman / Daily ...
www.staffingindustry.com/.../France-Credit-Agricole-sells-S...
8 Dec 2011 – France - Crédit Agricole sells Sponsorless stake in Proman ... 2010), to its family shareholders as part of a ***sponsorless Owner-Buy-Out (OBO)***.
CAPE exits Proman in ***sponsorless OBO***| unquote.com
www.unquote.com › Official Record › Region › France
8 Dec 2011 – ... in French temporary work agency Proman back to the group's owners. ... included a possible IPO as well as a potential secondary buyout.
NiXEN sells Groupe Plastisud in ***sponsorless OBO***| unquote.com
www.unquote.com › Official Record › Region › France
29 Nov 2010 – Buyout · Venture · Financing · Fundraising · Regulation · Advisory ... The firm invested in Plastisud as an "interim owner", waiting for the ...
www.staffingindustry.com/.../France-Credit-Agricole-sells-S...
8 Dec 2011 – France - Crédit Agricole sells Sponsorless stake in Proman ... 2010), to its family shareholders as part of a ***sponsorless Owner-Buy-Out (OBO)***.
CAPE exits Proman in ***sponsorless OBO***| unquote.com
www.unquote.com › Official Record › Region › France
8 Dec 2011 – ... in French temporary work agency Proman back to the group's owners. ... included a possible IPO as well as a potential secondary buyout.
NiXEN sells Groupe Plastisud in ***sponsorless OBO***| unquote.com
www.unquote.com › Official Record › Region › France
29 Nov 2010 – Buyout · Venture · Financing · Fundraising · Regulation · Advisory ... The firm invested in Plastisud as an "interim owner", waiting for the ...
Peer comments on this reference comment:
| neutral |
Catharine Cellier-Smart
: as the Asker says all the online search results are from French sources, even if they are in English
7 mins
|
| agree |
Marie-Helene Dubois
: I can't see that there's a better alternative. Using 'MBO' would imply management buying out the owner as opposed to the owner, and LBO is too generic. You could write it out in full (in which case 'buyout' is one word) to avoid confusion.
1 hr
|
17 mins
Catharine Cellier-Smart
Reunion
Reunion
Native in English
Works in field
Reunion
The Smart Solution
Native in: English (Variant: British)
Works in: French to English, Creoles & Pidgins (French-based Other) to English, English
Related KudoZ points
:
98
Reference:
Definition
SPONSORLESS (Opérations de mezzanine sponsorless)
le fonds arrange les financements mezzanine (sénior, junior) et investit au capital en tant que minoritaire aux cotés des managers repreneurs qui détiennent ainsi le contrôle de la société.
http://www.simonassocies.com/avocats-conseils/glossaires--19...
le fonds arrange les financements mezzanine (sénior, junior) et investit au capital en tant que minoritaire aux cotés des managers repreneurs qui détiennent ainsi le contrôle de la société.
http://www.simonassocies.com/avocats-conseils/glossaires--19...
4 hrs
Reference:
About OBO in English
An ownership buyout (also termed owner’s buyout or owner buyout or as acronym OBO) is a special form of a buyout transaction, in which the vendor keeps control of a certain stake in the company after the transaction. This is achieved in a two-step transaction: First, the private equity company performs a regular leveraged buyout and thus acquires the target company by a special buyout vehicle (NewCo). Second, the vendor reinvests a part of the purchase price in the new vehicle and is in turn granted a stake in this vehicle. The vendor’s equity stake in the new vehicle is the main feature that distinguishes ownership buyouts from other forms of buyouts. The term ownership buyout is used as an umbrella term also embracing buyins, which would be termed ownership buyin analogously.
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