Diagnostics, consulting, trading room support, and customized reporting

Protect the company against rising interest rates, stabilize financial costs, and secure growth. Define an integrated hedging strategy, including highly probable future debt, and support management during periods of stress or restructuring.

Strategic advisory on risk management policy: objectives, time horizons, ratios, future debt. Analysis, bank negotiation, implementation, and ongoing optimization of hedging instruments. Daily monitoring and regular recommendations for short- and long-term hedging strategies. Personalized support during crises: debt restructuring, bank renegotiation, and hedging adjustment. Valuation, performance reporting, and IFRS documentation (hedge accounting).

Increased responsiveness and better exploitation of market opportunities. Sustainable reduction of hedging costs and stronger control over financial expenses. Robust long-term strategy, covering also future exposures. Expert support in high-stress situations, facilitating restructuring and rapid decision-making. Clear and compliant reporting for management and auditors.

Define and implement an optimal pre-hedging strategy for a consortium within the framework of an airport concession, aligning the financial model, documentation, and risk management objectives, while minimizing costs.

Analysis of hedging options (standard and contingent) and assessment of their financial impact. Alignment of hedge flows with the financial model and accounting treatment. Definition of the optimal product mix in coordination with the financial advisor, legal team, and consortium, including the study of contingent hedges and swaptions. Negotiation of hedging clauses in the financing documentation, including price adjustment clauses. Optimization of spreads and execution conditions through interaction with trading desks. Oversight of the operational implementation of the selected instruments.

Optimized hedging strategy fully integrated with financing. Improved contractual terms and reduced hedging costs. Smooth execution aligned with the financial model and documentation. Significant cost savings for the consortium on the final transaction.

Implement a hedging strategy of financial costs that complies with the short-term contractual minimum requirements while meeting the long-term management objectives.

Analysis of hedging obligations and objectives, taking into account potential events on future debt. Presentation of the pros, cons, and costs of different hedging strategies, including novation of existing hedges and consideration of the Euribor floor in the financing, which can render certain hedging products ineffective or toxic. Simulations of financial costs under various Euribor and debt evolution scenarios. Recommendations, banking consultations, and negotiation of pricing. Review of contractual documentation, market monitoring, and post-implementation accounting and back-office reporting.

Optimized hedging strategy and coverage rates aligned with the medium-term objectives of company management and shareholders, while considering volatile interest rate environments. Ongoing market monitoring, valuations, and back-office support after hedge implementation.

Identify, quantify, and assess market risks (currencies, interest rates, commodities) and the hedging practices of a target company before the fund makes a final commitment.

In parallel with financial due diligence, conduct a diagnostic to assess risks arising from operations (operational and financial flows, intra-group or external), the finance team’s expertise in hedging products, the effectiveness and security of existing hedges, the alignment of management practices with the acquirer’s objectives, and compliance with accounting rules related to hedging instruments.

Risks formalized and quantified. Advantages, disadvantages, gaps, and costs of the target’s hedging practices documented. Structural or cyclical impacts of isolated results identified. Adjusted EBITDA calculated. Recommendations for correcting or realigning the hedging policy with the fund’s objectives post-acquisition, if applicable.

Protect the management company and its foreign-currency feeders to secure commitments and distributions for its LPs.

Assistance to the SLP in obtaining necessary approvals. Definition of the hedging policy in line with the GP’s needs and LPs’ objectives. Organization of a request-for-proposal process with leading banking institutions. Implementation of the policy, including strategic guidance on hedge duration, amounts, and decisions between rollovers at historical or spot rates. Support in bank negotiations and optimization of pricing.

Clear, robust hedging policy accepted by all stakeholders. Reduced currency-related volatility and secured distributions for LPs. Optimized banking conditions through competitive tendering. Smooth execution process and strengthened fund-level governance. Increased performance stability and improved predictability for investors.

Protect the company’s EBITDA against rising raw material costs and the resulting currency fluctuations.matières premières et aux fluctuations induites des devises.

Identification and quantification of commodity exposures and related currency risks. Implementation of an integrated hedging policy (commodities & currencies). Assistance with negotiation, cash flow monitoring, and operational management of hedges. ContInuous market monitoring and optimization of open positions. Strategic planning of hedge horizons and product mix (options/forwards) based on market conditions. Dedicated reporting for hedge accounting purposes.

Systematic and cost-efficient implementation of commodity and currency hedging. Sustainable protection of cash flows and EBITDA against market volatility.