PROOF #1 Ocean provides merchant banking services to medium to large industrial enterprises across Europe.

Unlike banks, we are commissioned by the dominant shareholder not the management team. Our services help them assert control over the business and unlock opportunities for their benefit.

Which means they can pursue their dream and execute the ideas they had for their business.

Services

Traditional merchant banking services for business owners PROOF #2

Entrepreneurs face many financial challenges along the business and economic lifecycle of their business. However their management teams and banking advisors often fail to see how to resolve them and resort to standard out of the box methods that often times do not serve the interests of the entrepreneur.

At Ocean, we only work for dominant shareholders because they have skin in the game. For us, no two businesses are the same, nor are the dreams of their business owners nor are the challenges they face. So, we listen closely and develop bespoke ways to overcome whatever obstacles are in their way.

Our specialty is creating ex novo structures that achieve these ends.

Typical challenges we get hired to resolve include:

Facilitating acquisitions:

  • Assisting with the acquisition of an enterprise by its management team (MBO)
  • Assisting with the purchase of an asset or a competitor
  • Assisting in buying out other shareholders to take control

Optimizing the capital
employed by the shareholders:

  • Assisting with share buy-backs
  • Facilitating bridge loans to avoid dilution
  • Assisting in the refinancing of the assets that are not strategic for a company in off-balance sheet structures

Facilitating growth:

  • Putting together joint venture agreements
  • Assisting with financing the start-up of a new production facility
  • Assisting with financing the organic growth
  • Finding financial or industrial partners to re-enforce the capital of an enterprise

PROOF #3:

  • I aim to place this new challenge on the right column of the second row.

Facilitating a restructuring:

  • Assisting in the refinancing of a debt
  • Assisting in restructuring a situation of over-indebtedness

Because we are based in London and have a global network of partners, we provide access to the global markets where appropriate, unlike traditional domestic banks.

Clients

Our typical client is an European based, medium or large industrial enterprise, with a dominant shareholder

The clients of Ocean generally have the following characteristics:

  • Private companies of medium or large size in the industrial sector
  • Large enterprises listed in the Stock Exchange operating semi-regulated businesses
  • Enterprises that engaged in an active management of their balance sheet and looking to do off-balance sheet financings
  • Minimum turnover requirement depending on countries
  • Strong management team

Ocean’s clients generally have the following characteristics:

  • Private companies of medium or large size in the industrial sector
  • Large enterprises listed in the Stock Exchange operating semi-regulated businesses
  • Enterprises that engaged in an active management of their balance sheet and looking to do off-balance sheet financings
  • Minimum turnover requirement depending on countries
  • Strong management team

Italy

  • Large, private, family-owned enterprise with a strong reference shareholder
  • Enterprise with a turnover greater than EUR 100 million

Germany and Switzerland

  • Medium, family-owned enterprise
  • Enterprises with a turnover greater than EUR 30 million

France

  • Large, private, family-owned enterprise with a strong reference shareholder
  • Large enterprise listed in the Stock Exchange operating semi-regulated businesses
  • Enterprise that has an active management of their balance sheet and looking to do off-balance sheet financings
  • Enterprise with a turnover greater than EUR 100 million

United Kingdom

  • Medium enterprise with a strong reference shareholder
  • Enterprise with a turnover greater than GBP 30 million

PROOF #8

  • Medium enterprise with a strong reference shareholder
  • Enterprise with a turnover greater than EUR 30 million

These are some examples of transactions executed by the Ocean team:

Bank
Business transformation
Acquisition and Merger
GBP 13 million
United Kingdom, 2014

Our client is an investment management company that dreamt of transforming itself into a mainstream bank.

The Ocean team helped them acquire a UK bank. The transaction for an amount of GBP 13 million completed in December 2014.

Specialist Finance Company
Financing
GBP 3 million
United Kingdom, 2016

Our client is a specialist finance company providing innovative financing products. One of their services was the provision of financing to retail clients of large motor vehicle garage chains. Our client could not find a lender who would understand his new product and finance the growth.

The Ocean Capital team structured a receivables finance programme.

The transaction closed in 2016 for an initial amount of GBP 3 million and was increased in 2018.

Industrial Company
Capital Raising and Debt
Re Structuring
EUR 700 million
Spain, 2014

Our client is a company leader in the steel sector that was on the brink of being brought down by its lenders. Our client wanted to find a financial partner who would be able to help him re-structure its balance sheet and maintain control over the company.

The Ocean Capital team found a financial partner for our client that enabled the refinancing of bank debt in excess of EUR 700 million.

The transaction closed in July 2014.

European Industrial Services Company
Off-balance sheet financing
EUR 400 million
European multijurisdiction,
2012 and 2017

Our client is a listed company and a world leader in the sector of industrial waste management.
As a listed company which operates in a quasi-regulated environment our client wanted to maximise shareholder returns by monetising their trade receivables.

The Ocean team structured an off-balance sheet trade receivables transaction and financed the equity tranche.

The transaction for the amount of EUR 400 million initially closed in 2012 and was renewed in 2017.

Industrial Company
PROOF #9 Management Buy Out
Amount undisclosed
Spain, 2016

Our client is a European leader in the specialised steel sector. After it was put up for sale by the owners, the management team wanted to take control of the company in order to preserve its local presence.

The Ocean Capital team supported the management team in the acquisition of the company.

The transaction for an undisclosed amount closed in June 2016.

Industrial Company
Financing
GBP 2.7 million
PROF #4, 2017

Our client is a leading company in the steel sector that wanted to increase its footprint by building new production facilities. Our client could not find the lenders to finance the working capital inventories required to kick-start production.

The Ocean Capital team structured a transaction to finance steel working capital inventories.

The transaction for an (PROOF #5) amount of GBP 2.7 (PROOF #6) million closed in February 2017.

Specialist Maritime Service Company
Financing
EUR 60 million
France, 2017

Our client is a company specialising in offshore maritime services that wanted to raise additional cash in challenging conditions.

The Ocean Capital team designed a transaction to unlock value and organise the financing of a fleet of coastal surveillance vessels.

The transaction closed in July 2017 for an amount of EUR 60 million.

PROOF #7 Trader
M&A
Australia, 2017

Our team assited […]

NB: We operate under strict confidentiality rules and never publicise client names. However, we are more than happy to make introductions so prospective clients can hear for themselves how we help entrepreneurs realise their dreams.

About Us

Ocean is a merchant bank inspired by the tradition of both private and merchant banks. We are intent on meeting the specific needs of individual clients in a way that leads to long-term relationships.

We believe in the singularity of enterprises. We advocate for a personalised service with a bespoke approach or tailoring of standardised products to each situation. We believe that listening to our clients is paramount; the opportunity for us to serve them arises when they decide, not when imposed by the financial markets.

Ocean’s first client was a French company in March 2003, and the transaction structured by Ocean was the financing of wool inventories for an amount of EUR 60 million with an equity tranche of EUR 250,000.

Ocean’s latest transaction is a trade receivable transaction of EUR 400 million for a large European company with an equity tranche of EUR 10 million.

Our relationship with our clients is based on trust and it is the starting point for word-of-mouth recommendations.

Contact

To find out how we can help you realise your dream, please contact us:

For entrepreneurs in the UK,
France, Germany, Italy
and Switzerland:

Pedro Errazuriz
pedro.errazuriz@oceancap.com
+44 (0) 7748 112 759
+44 (0)20 8049 2000
1-2 Paris Garden
London SE1 8ND

For entrepreneurs
in Spain and Portugal:

Lore Leanizbarrutia
lore.leanizbarrutia@oceancap.com
+ 34 675 700 132
+ 44 (0)20 8049 2000
1-2 Paris Garden
London SE1 8ND