Dr. Kon­rad Bösl, co-edi­tor and co-aut­hor of the new publi­ca­ti­on Debt Finan­cing for Small and Medi­um-Sized Enter­pri­ses — Alter­na­ti­ves to Bank Cre­dit, published by C.H.Beck.

Munich | Stutt­gart, Janu­ary 2014. Dr. Kon­rad Bösl, CEO of Blätt­chen & Part­ner, is co-edi­tor and co-aut­hor of the new publi­ca­ti­on “For­eign Finan­cing for Medi­um-Sized Enter­pri­ses — Alter­na­ti­ves to Bank Cre­dit”. The hand­book has been published by the renow­ned publi­shing house C.H.Beck and fol­lows on from the suc­cessful publi­ca­ti­on “Mez­za­ni­ne Finan­cing”. On more than 300 pages, almost 20 aut­hors bring prac­ti­cal and crea­ti­ve solu­ti­ons for finan­cing small and medi­um-sized enter­pri­ses to the fore.

The house ban­king prin­ci­ple is beco­ming incre­asing­ly important for medi­um-sized com­pa­nies. In the last eco­no­mic cri­sis, some entre­pre­neurs have expe­ri­en­ced that banks can­not rely on the wil­ling­ness of banks to finan­ce com­pa­nies under dif­fi­cult eco­no­mic con­di­ti­ons, or only to a limi­t­ed ext­ent. Not least becau­se of this, bank-inde­pen­dent debt finan­cing instru­ments have beco­me incre­asing­ly pro­mi­nent in recent years. The issu­an­ce of more than 140 Medi­um-sized bonds on the Ger­man stock exch­an­ges in spe­ci­al­ly desi­gned mar­ket seg­ments is a clear exam­p­le of this. Other forms of finan­cing, such as pro­mis­so­ry note loans, pro­fit par­ti­ci­pa­ti­on cer­ti­fi­ca­tes or sub­or­di­na­ted loans, are now signi­fi­cant buil­ding blocks in the finan­cing mix of com­pa­nies.

“A par­ti­cu­lar added value of the book lies in the inter­di­sci­pli­na­ry pre­sen­ta­ti­on of the pre­sen­ted finan­cing pos­si­bi­li­ties. The­se are asses­sed from a busi­ness, civil and tax point of view,” says Dr. Kon­rad Bösl, CEO of Blätt­chen & Part­ner. “The aut­hors are inva­ria­bly expe­ri­en­ced prac­ti­tio­ners who have been fami­li­ar with the instru­ments and the asso­cia­ted requi­re­ments for medi­um-sized enter­pri­ses for many years.” Rea­ders will thus have a valuable wealth of expe­ri­ence that has the poten­ti­al to estab­lish them­sel­ves as a pio­nee­ring finan­cial advi­sor in ever­y­day busi­ness life.”

Tar­get audi­ence
For entre­pre­neurs and their advi­sors, finan­cial advi­sors, tax advi­sors, lawy­ers and banks.

In par­ti­cu­lar, the fol­lo­wing finan­cial instru­ments are explai­ned:

  • Pro­mis­so­ry notes
  • Sub­or­di­na­ted loans
  • Silent par­ti­ci­pa­ti­ons
  • Pro­fit-sha­ring rights

Pro­duct
Dr. Kon­rad Bösl, Dipl.-Kaufmann, Peter Schimpf­ky, Tax Con­sul­tant, and Dr. Ernst-Albrecht Beau­vais, LL.M., Lawy­er. (Ed.)
Debt finan­cing for small and medi­um-sized enter­pri­ses — Alter­na­ti­ves to bank cre­dit
2014
Publisher C.H.BECK
ISBN 978–3‑406–65143‑4
Hard­co­ver: 363 pages
79.00 Euro

For more infor­ma­ti­on:
read more

About Blätt­chen & Part­ner

With its inno­va­ti­ve finan­cial stra­te­gies, Blätt­chen & Part­ner has been one of the lea­ding cor­po­ra­te finan­ce experts for more than 25 years. With offices in Munich and Stutt­gart, the com­pa­ny spe­cia­li­zes in advi­sing on IPOs, bond issues, cor­po­ra­te invest­ments and M&A tran­sac­tions, as well as manage­ment par­ti­ci­pa­ti­on pro­grams and com­mer­cial cor­po­ra­te manage­ment. More than 300 tran­sac­tions are a tes­ta­ment to the company’s pro­ven exper­ti­se. The gro­wing inter­di­sci­pli­na­ry com­pe­tence net­work, the high level of cus­to­mer satis­fac­tion and the lar­ge num­ber of publi­ca­ti­ons on important finan­cing issues reflect the reco­g­nis­ed repu­ta­ti­on of Blätt­chen & Part­ner.

For more infor­ma­ti­on, plea­se visit www.blaettchen.de

If you would like to review the manu­al, we will be hap­py to send you a review copy on request.

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