Mezzanine Finance

Deneys advises sponsors, borrowers and funders on mezzanine finance transactions across a range of sectors within the South African market, acting on both standalone mezzanine facilities and mezzanine components within broader capital structures.

Our experience includes the structuring and documentation of subordinated debt, shareholder loans, preference share instruments and other hybrid financing arrangements, often sitting alongside senior secured facilities. We assist clients in balancing commercial objectives with intercreditor arrangements, security subordination, enforcement mechanics and exit considerations.

We provide practical, commercially grounded advice on risk allocation, covenant structuring and return mechanisms, with careful attention to tax, regulatory and accounting implications.