Financial Investment · 06
Special Situations
Opportunistic investments in restructurings and complex transactions.
€1m – €10m
Ticket size
Livre VI Code de commerce
Framework
2 – 5 years
Horizon
Fast-track committee
Execution
Overview
About Special Situations.
We invest in companies and assets going through restructuring, refinancing or ownership change, where speed and certainty of execution create value.
Transactions may involve French insolvency procedures (sauvegarde, redressement judiciaire) under the Code de commerce.
- Restructurings and turnarounds
- Distressed asset acquisitions
- Rescue financing
- Complex ownership transitions
Financial Overview
Activity and allocation.
Situations reviewed (files)
Financial Investment allocation (%)
- Private equity 35%
- Private credit 25%
- Listed markets 20%
- Treasury 12%
- Special situations 8%
Year-on-year growth (files)
Indicative figures for illustration purposes. Past performance is not indicative of future results.
Legal & Regulatory Framework
Governed by clear rules.
Code monétaire et financier
Investment activities are conducted in accordance with the French Monetary and Financial Code.
MiFID II & AIFMD
Where applicable, transactions with regulated counterparties follow European markets and fund-manager directives.
Shareholders' agreements
Every participation is governed by a pacte d'associés covering governance, transfer and exit rights.
AML / CFT & sanctions
Systematic KYC, beneficial-owner identification and EU / OFAC sanctions screening.
Risk Management
Risks identified and controlled.
| Risk | Mitigation |
|---|---|
| Credit risk | Senior security, covenants and collateral on every lending position. |
| Liquidity risk | Group liquidity buffer maintained with top-tier custodian banks. |
| Concentration risk | Single-position limits set by the investment committee. |
| Valuation risk | Independent quarterly valuation of unlisted assets. |
Legal Notice
This page is provided for information purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any financial instrument or to enter into any transaction. Any engagement is subject to contractual documentation, satisfactory completion of KYC / AML procedures in accordance with articles L.561-1 et seq. of the French Code monétaire et financier, and the approval of the relevant banking institutions. Holding JMB SARL — RCS Paris 528 403 074.