Skip to content
Contact Us
CLOSE

Debt Advisory for Sponsor-Backed Businesses
Capital structures that

THE CONTEXT

Built for Sponsor-Backed realities.

In sponsor-backed environments, debt is not about access to capital. It is about extracting leverage without compromising operational freedom. Credit terms determine how aggressively a business can acquire, refinance, recapitalise, or exit, and the real negotiation is not price but flexibility.

Sponsors underwrite upside. Lenders underwrite downside. Bridging that gap requires translating the investment thesis into a defensible credit case, stress-testing cash flows beyond the base model, clearly articulating the strength of the equity cushion, and creating competitive tension across lenders.

Fuse Capital advises sponsors and boards on structuring debt that supports the equity story while withstanding credit committee scrutiny. In credit markets, debt is secured through downside clarity, not growth narratives.

Different Mandates. One Execution Discipline.

Growth & Expansion

Leveraging the balance sheet to execute platform growth without surrendering flexibility.

Expanding into New Markets We structure facilities that support geographic or vertical expansion without over-tightening covenants or over-relying on base-case projections. Incremental capacity and covenant headroom are engineered upfront.  
Merger & Acquisitions Acquisition finance is engineered around leverage maximisation, EBITDA positioning, and “Certain Funds” certainty. We pre-negotiate accordion and incremental facilities to support rapid bolt-on execution without repeated credit re-underwriting.  
Equipment & Asset Financing Where asset-backed structures or leasing solutions are appropriate, we optimise security packages and blended capital stacks to lower WACC while preserving senior debt headroom.  
 
Other Complex Challenges No two businesses are the same. If your situation is unique or doesn’t fit a standard category, we’re here to listen and help you find a funding solution that works for you.  
 

Management & Stability

Balance sheet discipline during volatility, transition, or rate pressure.

Managing Cash Flow & Working Capital Structure revolving facilities and liquidity buffers that absorb seasonality and protect covenant headroom. Cash flow resilience is stress-tested beyond the base case.  
Extending Runway Refinance or restructure ahead of maturity pressure to extend operational runway and eliminate refinancing risk. Timing is managed proactively, not reactively.  
Bridging Short-Term Gaps Implement short-term or layered capital solutions that preserve strategic continuity without compromising long-term structure or lender confidence.  
Refinancing & Restructuring Reposition facilities to improve pricing, diversify lender exposure, and recalibrate covenants where performance has diverged from underwriting assumptions.  
Finance for Assets Unlock liquidity through structured asset-backed facilities while protecting core leverage capacity and maintaining operational control.  
Other Complex Challenges

No two businesses are the same. If your situation is unique or doesn’t fit a standard category, we’re here to listen and help you find a funding solution that works for you.

  

Leadership & Ownership

Debt decisions that interact directly with control and equity strategy.

Preparing for Exit Capital structures are simplified ahead of exit to eliminate refinancing risk, covenant tightness, or structural complexity that could impair buyer confidence.  
Bringing in New Leadership Management transitions often require recalibration of incentive structures and liquidity buffers. Debt must accommodate governance change without increasing lender friction.  
Taking Control of Your Company Buy-outs, ownership consolidations, or restructurings require careful security and intercreditor structuring to protect the equity position in the stack.  
Dividend Recapitalisations We structure recapitalisations that return capital to sponsors while preserving operational stability and covenant sustainability.  
 
Other Complex Challenges

No two businesses are the same. If your situation is unique or doesn’t fit a standard category, we’re here to listen and help you find a funding solution that works for you.

  

Trusted by Companies Backed by Leading Global Investors

We have provided debt advisory to companies backed by some of the world’s most respected venture capital firms. From scaling disruptive technology to supporting established growth businesses, our track record demonstrates the results we have delivered alongside leading investors.

£ 500M+ raised in capital
150+ active lending partners globally
550+ valued clients
12+ years of trusted lender relationships
CAPITAL STRUCTURES IN REALITY

How complex decisions play out in practice

A snapshot of situations where sponsors and management teams engaged Fuse Capital at pivotal moments. Each reflects a specific business context, the financial decisions involved, and how structure and execution shaped the outcome.

Read Our Latest Insights

Perspectives on capital, structure, and transactions

All blog posts
GET IN TOUCH

WHAT HAPPENS NEXT?

Once we receive your details, we start with a conversation.

1. Initial Consultation We arrange a discovery call to understand your business, funding requirements, and growth ambitions, and to assess whether there is a strategic fit.
2. Information Gathering & Review If we proceed, we work closely with you to gather key financial and operational information and conduct an initial review to develop a clear, accurate understanding of the business.
3. Investment Committee Review Your opportunity is reviewed by our investment committee. We take a selective approach, progressing only where we believe we can add meaningful value. Where aligned, we recommend an appropriate funding strategy and outline next steps.