European Middle Market - Financing - Trade Credit
For those familiar with the European middle-market ecosystem, how is trade credit used in financing the acquisition of SME businesses? I've been performing research on the LMM transaction space within Europe and have noted pro-forma capital structures tend to consist of (1/3) bank debt, (1/3) trade credit), and a (1/3) equity). Any insight is greatly appreciated. Apologies if this topic has been addressed elsewhere in the forum.
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