Capital Markets & Investment Flows

University Licence Terms and Defence Spin-out Finance

Evidence from ETH Zurich and DTU on how equity, royalties and IP ownership shape funding and control

Sep 24

How acquisition finance preserves cash, creates refinancing claims and transfers repayment into equity

A European defence company that announces a capital raise has told its investors almost nothing about what it can now build.

Sep 20

Household Capital and the Public Anchor in Bpifrance Défense

Warehousing units, conditional liquidity and the limits of industrial additionality

Sep 18

Private Capital, Public Ownership and Risk Across Three Military-Campus PPPs

Permanent forward defence is a fiscal commitment before it is a military one.

Sep 17

Exosens’ Debt Terms and European Defence-Critical Capacity

Borrowing conditions, acquisition commitments and investment in European production

Sep 13

The DSRB Additionality Test

Against €418bn of European defence spending, where a new bank could still add capacity

Sep 1

Space-Eyes’ Capital Is Conditional

Its financing can support industrial scale-up, but cash release depends on market performance while production-scale demand remains unverified

Aug 23

How Strategic Infrastructure Became a New Category of Credit

JPMorgan, Morgan Stanley and Bank of America have committed trillions to security and resilience. The real question is how much of that finance creates…

Aug 23

The €70 Billion Baseline

Publication date: 22 July 2026 · Research cut-off date: 3 August 2026 · Legal cut-off date: 17 July 2026

Aug 5

Securitising Defence

Consumer-loan collateral, a €164 million defence ceiling, and the origination controls on which the channel depends

Aug 5

The Prime Contractor as Venture-Capital Gatekeeper

Can Airbus’s anchor investment in E2D scale independent European suppliers without absorbing them into one industrial architecture?

Aug 3

The Ukraine Loan Eligibility Waiver

When EU-Financed Procurement Can Exceed the 35 Per Cent Non-European-Content Limit

Jul 27

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