Case Study
Fox Networks covenant analysis
About the Client
A UK-based private bank that invests in alternative assets, including real estate
Business Need
- The client was interested in acquiring an office space and needed to gauge the covenant strength of an existing tenant
- RocSearch was tasked to prepare an in-depth credit paper to help gauge the financial and operational stability
Approach and Methodology
- We prepared a five page profile of the tenant, covering details such as business description, history, competitors and financials
- The profile also covered the market performance of the company including historical share price performance, public market overview, broker recommendations and analyst commentaries
Business Outcomes
- The team prepared a covenant profile, which was generally meant to understand the business model, credit profile and financial performance of the tenant occupying a particular asset
