CORPORATE FINANCE · STRUCTURED ASSET FINANCE

Structured financing built around high-value assets.

Elitelia helps established businesses and asset owners explore financing and liquidity solutions built around significant identifiable assets.

Depending on the situation, this may involve secured lending, asset-based financing, bespoke structured finance, asset monetisation or other transaction-specific arrangements through selected lenders and specialist providers.

We focus on cases where conventional corporate financing does not fully reflect the value, characteristics or financing potential of the underlying asset.

THE FINANCING LOGIC

Financing built around the asset.

Traditional corporate lending primarily considers the borrower and its ability to repay from operating cash flow.

Structured Asset Finance starts with an additional question:

What assets, contractual rights or cash flows exist that could support a different financing structure?

Depending on the transaction, financing may be supported by:

The appropriate structure depends on the asset, borrower, ownership, jurisdiction, documentation and commercial objective.

There is no single Structured Asset Finance product.

The financing should be structured around the transaction.

WHAT ELITELIA PROVIDES

What Elitelia provides.

Elitelia helps clients identify, prepare and coordinate specialist asset-financing transactions.

Depending on the mandate, our role may include:

Financing Strategy

We assess the financing requirement, underlying asset and available routes before approaching providers.

The objective may be to:

Asset & Transaction Review

We help organise the commercial information needed to understand the proposed transaction.

Depending on the asset, this may include:

Provider Sourcing

Where a case appears financeable, Elitelia can approach selected banks, private lenders, specialist finance providers and other relevant counterparties according to the requirements of the transaction.

Different providers have different appetites for:

Transaction Structuring

A specialist asset-finance transaction may require more than a simple corporate loan.

Depending on the case, relevant considerations may include:

Appropriate legal and financial professionals are involved where required.

Execution Coordination

Elitelia can act as a central point of coordination between:

The objective is to keep the financing process organised from initial assessment through to documentation and potential execution.

POTENTIAL FINANCING ROUTES

Financing routes we can explore.

The appropriate route depends on the asset and the objective.

Secured & Asset-Based Lending

A company may be able to raise financing secured against identifiable assets on its balance sheet.

Depending on the lender, potential collateral may include:

These structures can provide an alternative where conventional unsecured corporate debt does not fully reflect the value available within the business.

Equipment & Specialist Asset Finance

Businesses acquiring or refinancing significant equipment or productive assets may require financing designed around the useful life and characteristics of those assets.

Potential situations may involve:

Structures may vary according to the asset, lender and jurisdiction.

Receivables & Contractual Cash-Flow Finance

Certain businesses have significant value tied up in receivables or long-term contractual payments.

Depending on the case, financing may be structured around:

The credit quality, concentration, duration and enforceability of the underlying payments are important considerations.

Property & Real-Asset Financing

Real estate and other real assets may support transaction-specific financing where the asset value, income, ownership and repayment strategy can be properly established.

Relevant structures may include:

Project & Infrastructure Assets

Energy, infrastructure and other project assets can require financing built around the economics and contracts of the particular project rather than only the balance sheet of its sponsor.

Relevant factors may include:

Asset Monetisation

Owners of significant existing assets may wish to explore whether financial value can be unlocked without beginning with an outright sale of the asset.

Potential monetisation routes depend heavily on the asset, ownership, documentation, provider and jurisdiction.

ASSET UNIVERSE

Assets we can consider.

Structured Asset Finance can apply to very different asset classes.

Elitelia considers selected transactions individually rather than operating from a fixed catalogue.

Industrial Assets & Equipment

Potential examples include:

Energy & Infrastructure

Potential examples include:

Real Estate

Potential examples include:

Receivables & Contractual Assets

Potential examples include:

Mining & Mineral Assets

Selected mining-related transactions may require financing structures that take account of the specific underlying asset.

Potential cases may involve:

Assessment may require specialised technical documentation, evidence of ownership or concession rights, valuation and other asset-specific due diligence.

Selected High-Value Hard Assets

Elitelia may also review other significant hard assets where:

This may include selected precious stones, precious metals or other high-value physical assets where appropriate specialist providers are available.

Eligibility is determined case by case.

Have a specialist asset not listed here?

EIGHT QUESTIONS

Specialist assets require specialist financing.

A €20 million piece of machinery, a portfolio of receivables, an energy project and a mining asset may all represent significant economic value.

But they cannot be financed in the same way.

The relevant lender or provider needs to understand:

What is the asset?

Its legal and economic characteristics determine which financing routes may be possible.

Who owns it?

Ownership and the authority to grant security or otherwise enter the transaction have to be clear.

What is it worth?

An asset valuation must be appropriate to the asset and proposed financing.

How liquid is it?

Theoretical value and realisable value are not necessarily the same.

Does it generate cash flow?

Certain structures rely primarily on the cash generated by the asset.

Others rely more heavily on collateral value or another repayment source.

What rights already exist over it?

Existing lenders, pledges, mortgages, liens or other encumbrances can materially affect a new financing.

Which jurisdiction governs it?

Asset location, borrower jurisdiction and security law can affect both structure and provider appetite.

What happens if the original plan fails?

A credible financing structure needs to consider both the expected repayment route and the downside scenario.

ASSET MONETISATION

Asset monetisation.

Some asset owners have significant economic value concentrated in an asset but do not necessarily want to dispose of it.

Asset monetisation — also spelled asset monetization — broadly describes strategies designed to unlock financial value from an existing asset.

Depending on the situation, this may involve:

Not every structure involves debt, and not every asset can be monetised.

The appropriate route depends on the specific transaction.

For mining in particular, alternative financing may also involve structures such as royalties, streams, joint ventures or monetisation of non-core assets.

SELECTED SPECIALIST ARRANGEMENTS

Private Placement Programs for selected high-value assets.

Certain eligible asset owners may also wish to explore selected Private Placement Programs (PPP) or other specialist asset-monetisation arrangements.

These are considered separately from conventional bank or private-credit financing and are subject to their own:

Potential cases may involve selected significant:

Elitelia does not assume that a PPP is the correct solution simply because an asset has substantial stated value.

The case must first be reviewed.

CHOOSING THE RIGHT STARTING POINT

Structured Asset Finance or Business Financing?

Both sit within Elitelia’s Corporate Finance practice, but the starting point is different.

CORPORATE FINANCE

Business Financing

The principal question is:

How can the company finance its business?

Lenders may primarily consider:

CORPORATE FINANCE

Structured Asset Finance

The principal question becomes:

Can a particular asset, asset pool or contractual cash flow support a more specialised financing structure?

Analysis therefore places greater emphasis on:

The two approaches can also be combined.

A company may have strong operating cash flow and significant assets that improve the financing options available to it.

THE PROCESS

How the process works.

Define the financing objective.

We start by understanding what the client wants to achieve.

For example:

Understand the asset.

We establish:

Assess potential financing routes.

We consider which forms of financing may justify further investigation.

Depending on the case, this could involve:

Prepare the transaction.

A financing process may require:

Approach relevant providers.

Elitelia can introduce and coordinate discussions with selected providers whose mandate appears compatible with the asset and transaction.

Evaluate proposed structures.

Potential proposals should be compared beyond the headline cost of capital.

Relevant factors may include:

Coordinate due diligence and documentation.

Where a transaction advances, Elitelia helps coordinate the information flow between the client, provider and relevant professional advisers.

Execution.

Final approval and execution remain subject to the relevant lender or provider and the contractual documentation for the transaction.

TRANSACTION STRUCTURES

SPVs and transaction-specific structures.

Certain Structured Asset Finance transactions may use a Special Purpose Vehicle (SPV).

An SPV may help create a defined legal structure around:

The use of an SPV depends on the transaction and does not automatically improve its financing, tax or risk profile.

Asset Owner / Sponsor

Transaction SPV

Asset / Project

Investors / Shareholders

SPV

Financed Asset

TWO POSSIBLE ROUTES

Finance the asset or sell it?

Not every asset owner needs financing.

Sometimes the better capital decision is an outright or partial sale.

Elitelia can help clients consider both possibilities.

CORPORATE FINANCE

Retain the asset and raise liquidity

Structured Asset Finance may be relevant where the owner wishes to retain the asset while exploring an appropriate financing or monetisation structure.

CORPORATE FINANCE

Sell all or part of the asset

Our Off-Market Transactions practice supports selected privately negotiated sales and acquisitions involving mining, energy, infrastructure and other strategic assets.

The right route depends on the client’s objective, financing alternatives and the economics of the asset.

WHO WE WORK WITH

Who we work with.

Structured Asset Finance is primarily intended for established businesses, asset owners, sponsors and transaction participants with significant and identifiable financing requirements.

Potential clients may include:

We are most useful where the transaction is large or unusual enough to justify a bespoke financing process rather than a standard retail or small-business lending product.

ROLE & RESPONSIBILITIES

Elitelia's role.

Elitelia acts as an advisory, sourcing and coordination point for selected Structured Asset Finance mandates.

Depending on the engagement, we may:

Elitelia is not necessarily the:

Financing is ultimately subject to:

Elitelia does not guarantee that an asset can be financed or monetised, or that a particular financing amount, LTV, lender, provider, structure or transaction outcome will be available.

Where legal, tax, regulatory, valuation or other specialist advice is required, the appropriate qualified professionals are involved.

FREQUENTLY ASKED QUESTIONS

Frequently asked questions.

What is Structured Asset Finance?

Structured Asset Finance refers to financing designed around the characteristics of a specific asset, asset pool or contractual cash flow rather than relying only on conventional corporate credit.

The precise structure can involve secured lending, asset-based finance, specialist asset finance or other bespoke financing arrangements.

What assets can be used for structured financing?

Potential assets can include equipment, machinery, receivables, property, energy and infrastructure assets, contractual cash flows and other identifiable assets.

Elitelia can also review selected mining, mineral and high-value hard-asset situations where appropriate specialist providers may be available.

Is Structured Asset Finance the same as asset-based lending?

Not exactly.

Asset-based lending normally refers to corporate lending secured against assets such as receivables, inventory, machinery or property.

Structured Asset Finance is broader and can include more bespoke asset-specific financing and transaction structures.

Is Structured Asset Finance the same as Asset-Backed Finance?

The terminology can overlap, but the context matters.

On this page, Structured Asset Finance refers to financing solutions for businesses and asset owners seeking capital.

Elitelia separately uses Asset-Backed Finance within Private Investments to describe private-credit opportunities from the investor perspective.

Can an existing asset be used to raise liquidity?

Potentially.

Depending on the asset, ownership, valuation, existing security and lender requirements, an existing asset may support refinancing, secured borrowing, monetisation or another financing structure.

Can a mining asset be financed?

Potentially.

Mining financing is highly transaction-specific.

Relevant considerations may include ownership or concession rights, technical documentation, resource or reserve information, valuation, project status, jurisdiction, existing encumbrances and the proposed source of repayment.

Can precious stones or other high-value assets be financed or monetised?

Certain selected assets may be considered through specialist providers where ownership, value, custody and supporting documentation can be appropriately established.

These cases are reviewed individually and are not conventional asset-finance transactions.

What is asset monetisation?

Asset monetisation is a broad term for strategies intended to unlock economic value from an existing asset.

Depending on the circumstances, this may involve debt, refinancing, sale-and-leaseback, a joint venture, partial disposal, contractual monetisation or another specialist structure.

Does asset monetisation mean selling the asset?

Not necessarily.

Some structures may allow the owner to retain an ownership position while raising liquidity.

Others can involve partial or complete transfer of economic or legal interests.

The specific arrangement determines the result.

What is a Private Placement Program?

Within selected specialist mandates, Private Placement Programs may represent one potential private arrangement available to qualifying high-value asset owners.

They involve a separate eligibility, KYC, asset-verification, due-diligence and provider process.

Explore Private Placement Programs & Asset Monetisation

Does Elitelia lend the money?

Generally, no.

Elitelia helps identify potential financing routes and coordinates access to selected third-party lenders and specialist providers.

The relevant provider makes its own underwriting decision and issues the applicable contractual terms.

How much can be financed against an asset?

There is no universal percentage.

The financing amount depends on factors including:

Asset type
Valuation
Liquidity
Existing debt
Security
Borrower
Cash flow
Jurisdiction
Provider
Transaction structure

Do I need an independent valuation?

Often.

The type of valuation or technical evidence required depends on the underlying asset and financing provider.

Can an SPV be used?

Yes, in certain transactions.

SPVs can be relevant to asset ownership, project finance, investment aggregation, security or other transaction-specific purposes.

The use of an SPV should be determined by the needs of the transaction.

Can Elitelia help if I would also consider selling the asset?

Yes.

Where a financing or monetisation route is not preferred, Elitelia’s Off-Market Transactions practice may also help selected owners identify potential buyers for strategic assets.

CONFIDENTIAL INITIAL REVIEW

Have a significant asset and need liquidity or financing?

Tell us:

You do not need to determine the financing structure before contacting us.

Elitelia will review the initial information and determine which financing or transaction routes may justify further analysis.