Offshore Finance – Products
Our Offshore Finance team serves our clients with products tailored to meet their specific business needs. We offer the following range of products and services:
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Structured Asset Lending
Drawing on our Structured Asset Lending core service, Offshore Finance offers debt financing and financial solutions relating to offshore assets such as offshore support vessels (platform supply vessels; and anchor handling tug and supply vessels), subsea and construction vessels, seismic vessels, accommodation units, drilling rigs, and floating production units.
The main focus of our lending activities is to customise each financing to the specific needs and circumstances of the client, whilst ensuring that risk and profitability are adequately addressed. In all transactions our clients profit from our in-depth expertise and long-standing market experience.
Our Offshore Finance relationship managers market the lending product globally through offices in Singapore, New York, and Oslo.
Risk Distribution & Loan Participations
Our Financial Institutions and Syndications team is globally responsible for our syndication activities and assists our Transport Finance and Investment Management business divisions in raising non-public market debt or equity.
One of Financial Institutions' tasks is to find suitable bank partners to join DVB in its financing of transport assets – either on an underwritten or book building basis. In sourcing liquidity in the form of mezzanine and equity, the team globally acts as central contact and co-ordination point for financial institutions such as banks, hedge funds, private equity funds, sovereign wealth funds, insurance companies, pension funds, and supranational funds.
Since our subsidiary ITF International Transport Finance Suisse AG ceased marketing activities in November 2015, our Financial Institutions and Syndications team is also the contact, to all transport segments, for collateralised syndicated loans and portfolio transactions in the international bank market.
Our Financial Institutions and Syndications team operates out of London, but with respect to the North American market, the team works with DVB Capital Markets LLC in New York.
Corporate Finance Solutions
Our DVB Corporate Finance team provides transport finance clients with financing solutions and supports them in raising capital via public offerings and private placements of equity, debt securities and structured asset finance products. Specifically, DVB Corporate Finance offers solutions in the following areas:
- Mergers & Acquisitions (M&A), i.e. traditional sell-side and buy-side advisory, alongside divestitures, spin-offs, joint ventures, Management-Buy-Outs/Leveraged-Buy-Outs, privatisations, and valuation and fairness opinions
- Corporate Advisory, i.e. balance sheet optimisation, strategic alternatives assessment, restructurings, liquidation management, and deal negotiation support
- Equity & Debt Capital Markets, i.e. primary and follow-on equity offerings, private equity and debt placements, equity-linked products, mezzanine capital, preferred securities, convertible bonds, and high yield bonds – via public issues as well as private placements in accordance with rule 144A of the US Securities Act
- Structured Asset Finance, i.e. asset backed securities, charter monetisation, project bonds, receivables securitisation and aircraft enhanced equipment and trust certificates
The team operates via our New York, London, and Oslo offices. In the United States, it acts through DVB Capital Markets LLC, a broker/dealer registered with the Securities and Exchange Commission and regulated by the Financial Industry Regulatory Authority. DVB Capital Markets LLC has a Business Continuity Plan and will be available for all clients in case of an emergency. In Europe, the team acts through DVB Bank SE (London Branch), regulated by the Financial Conduct Authority, and through DVB Bank SE (Nordic Branch), regulated by Finanstilsynet.
Through fund management activities, DVB has been able to expand its traditional product range of senior and junior financing to clients. Today, we can arrange each risk layer, including the equity aspect, in the financing of offshore support projects.
DVB's Shipping Funds have developed a long track record in investing in offshore supply vessels through high-yielding loans/bonds, mezzanine financings and equity participations. The Shipping Funds focus on (preferred) asset-based equity investments in offshore supply vessels.
With the key demand driver represented by the increasing offshore oil exploration activities and the current order book, offshore supply remains one of the targeted areas of investment for our Shipping Funds.
Asset & Market Research
Our Offshore Research is the Bank’s intelligence centre on the offshore industry. It brings a wide range of industry experience to its responsibilities of being the knowledge centre of the Offshore Finance division. This rich experience enables us to combine their market and technical views with a wider commercial vision.
Utilising extensive in-house resources, our Offshore Research provides expert risk mitigation services. This includes closely monitoring industry and client developments so as to alert the Bank of potentially adverse developments. Drawing on wide knowledge and meticulous sourcing quality data, accurate depiction of asset quality and asset earning potential is made possible – the basis upon which the Offshore Finance team facilitates intelligent financing structures.
Offshore industry in 2015