Glossary entry

French term or phrase:

intervenir au capital

English translation:

acquire a stake in the equity [of the company]

Added to glossary by Natasha Dupuy
Aug 27, 2015 12:11
8 yrs ago
2 viewers *
French term

intervenir au capital

French to English Bus/Financial Finance (general)
Hello,

In an article regarding transferring ownership of a business, there is a part describing Leveraged Buyouts and Owner Buyouts. Here we are talking about the financial sponsor and I'm not sure what is meant by "intervenir au capital" (I don't usually translate anything finance-related, but this is a very small part of a much bigger translation).
Here is the sentence: "Le capital-investisseur pourra intervenir au capital et sous forme d’obligations convertibles"

I'd appreciate your input!

Many thanks

Proposed translations

1 hr
Selected

acquire a stake in the equity [of the company]

This issue here is in what form the equity investor will acquire his stake in the company. Clearly, in what follows, he may buy a direct share stake, or invest in convertible bonds, which, on conversion, would increase his equity stake in the company. (Without context it is hard to tell, but there may be an issue about downstream control of the company).
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4 KudoZ points awarded for this answer. Comment: "Thanks very much for your help, everyone!"
27 mins

intervene in the capital itself

Le capital-investisseur pourra intervenir au capital et sous forme d’obligations convertibles: The capital investor may intervene [directly] in the capital itself or in the form of convertible debt.

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Note added at 30 mins (2015-08-27 12:42:08 GMT)
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Alternative 1: take a position in the capital itself.
Alternative 2: take a direct position in the capital structure itself.
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Preferred Stock Basics - Financial Planning Association
www.plannersearch.org/life-events/.../Preferred Stock Basic...
As such, preferred stock has a position in the capital structure that is subordinate to bonds, but senior to common stock. The senior position in the capital ...
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33 mins

hold / acquire a stake

A suggestion.
Example sentence:

If the acquirer is acquiring a stake that will result in an ownership in the target company ... where the target is a bank, insurance company, or financing company.

About six international firms have expressed interest in acquiring a stake in Agriculture Development Bank (adb) amid plans to float the bank's ...

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39 mins

integrate into the equity capital/become a shareholder

In plain English, the private equity firm is given the option to become a shareholder only through the acquisition and conversion of bonds issued by the company in question.
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Reference comments

51 mins
Reference:

Context?

I don't know if this is the text Natasha is translating or something very similar:

Dans la pratique, le dirigeant actionnaire constituera une société holding avec un capital investisseur, minoritaire ou majoritaire, pour racheter la société qu’il détenait jusqu’à présent à 100%.

Le capital-investisseur (fonds de private equity) pourra **intervenir au capital** et sous forme d’obligations convertibles.

Les actions qui seront cédées, dans le cadre de la vente de holding de reprise, seront financées pour une partie par l’apport en fonds propres du capital-investisseur, et pour le solde, par la dette senior contractée par la holding auprès de 2 ou 3 banques.
Note from asker:
Thanks, Phil. That's not what I'm translating, but yes, it's very similar. I had noticed that other parts of my text were very similar to that page, actually. I think they used it for inspiration ;) Why reinvent the wheel, I guess!
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