Our Areas of Expertise
Mezzanine financing – which is typically structured as a non-amortizing term facility – provides flexibility in cash flow management and is a cost effective alternative to raising additional equity to finance transformational events, including:
- Business Growth
- Shareholder Transitions
- Management Buyouts
- Dividend Recapitalizations / Equity Withdrawal Strategies
Our Client Focus
RBC Mezzanine Finance seeks investment opportunities in businesses across a wide range of industries* that have some or all of the following characteristics:
- Based in Canada
- Established track records of business plan execution
- Proven, sustainable free cash flow with EBITDA typically exceeding $3 million and an enterprise value of greater than $10 million
- Experienced management teams that have “at-risk” capital invested in the business
- Operate in a niche market and/or provide a distinct customer value proposition
*excluding real estate and natural resource extraction
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Patrick has over 15 years of mezzanine investment and merchant banking experience. He joined RBC in 2007 from CCFL Mezzanine Partners and previously McKenna Gale Capital, two leading independent mezzanine funds. He has also spent significant time in business development and as a university lecturer. Patrick is a Chartered Financial Analyst, and has an MBA from Saint Mary’s University and a BBA from the University of Prince Edward Island.
Iain has over 15 years of mezzanine investment, merchant banking and investment banking experience. Prior to joining RBC, Iain held positions as Managing Director & Group Head, North American Private Equity Coverage and Group Head, Structured Finance & Syndications with another Canadian financial institution. In these roles, Iain’s responsibilities included providing mezzanine debt, minority and majority equity investments to Canadian and US middle market companies and financial sponsors. Iain has an MBA from the University of Toronto and a B.Sc. from the University of Western Ontario.
Prior to joining RBC, Joe was a Vice-President with KPMG Corporate Finance. During his career, Joe has advised on more than 20 completed transactions with a combined value of greater than $1 billion. He has executed a variety of transactions for boards and shareholders, including mergers and acquisitions, fairness opinions, private placements and strategic alternatives assignments. Prior to KPMG, Joe worked in the equity research team at Merrill Lynch. Joe holds the Chartered Accountant and Chartered Financial Analyst designations.
Mark joined RBC in 2011 and has worked on a number of Canadian and US based mezzanine, 2nd lien subordinated debt and equity co-invest transactions . Prior to RBC, Mark worked in the investment banking group at TD Securities Inc. where he was involved in a number of mergers & acquisitions, debt and equity financings, initial public offerings, and restructurings with a focus on real estate and gaming. Mark graduated from the Richard Ivey School of Business with an HBA with distinction.