Hunyvers secures €5M in convertible financing from Vatel Capital

What's the deal? HunyversDealroom has a profile for this one. Try Dealroom →, a French distributor of recreational vehicles and marine equipment, has secured €5 million in financing from Vatel CapitalDealroom has a profile for this one. Try Dealroom →.

The deal starts with an initial tranche of €1.76 million in convertible bonds. A further €3.24 million is planned for the second half of 2026, mixing convertible and straight bonds with a capital increase.

Why now? Hunyvers wants to replace its existing syndicated loan with funding better suited to its growth plans.

What could go wrong? The convertible bonds carry a 7.9% annual interest rate and are redeemable monthly.

Because they convert into shares, existing shareholders could face dilution.

The signal: Vatel Capital, a French investment fund, is backing Hunyvers at its breakout stage with flexible debt rather than straight equity — a structure that lets the recreational-vehicle distributor refinance its syndicated loan while staying nimble. The phased approach, with a larger tranche pencilled in for late 2026, signals confidence in the company's growth trajectory even as shareholders absorb potential dilution.

Read more: Web Disclosure