Advisory for Designing Resilient, Defensible Capital Architectures
Capital structures rarely fail at inception. They fail over time — when operating realities diverge from assumptions, when flexibility erodes, or when capital obligations begin to dictate strategy.
Delnor Capital advises on capital structuring and capital stack design where long-term resilience, control, and decision integrity matter more than short-term optimisation.
Capital structure is often approached as a financing decision. In practice, it is a governance and risk decision. Common structural issues include:
A viable structure is one that remains functional under stress — not only under base-case assumptions.
Capital stack design becomes essential when businesses face:
In these contexts, the interaction between capital layers matters more than the cost of any single instrument.
Delnor Capital is engaged in capital structuring assignments in a pre-transaction, decision-led advisory capacity.
Typical engagement focus areas may include:
• assessment of existing capital structures and constraints,
• evaluation of alternative capital stack configurations,
• sequencing of equity, quasi-equity, and debt over time,
• stress-testing structures under downside scenarios,
• preparation for investor, lender, or committee scrutiny.
The objective is not to maximise leverage. It is to preserve resilience, optionality, and credibility.