Drinks Industry

Background

An acquisitive growing global Group providing coffee vending machines to a range of users mostly in Europe. With its Group head office in the Netherlands, the business has significant experience in the drinks industry.

Reason for Finance

The business needed to release working capital urgently to fund growth activity plans to support international ambitions. Senior Banks were providing significant finance but could not increase funding limits due to lack of security cover. Crucially the business needed a solution which provided the additional required finance. In addition the Group had separate treasury functions in each country which needed to retain control but optimise leverage.

The Solution

The team quickly worked to structure a Cross Border Commercial Finance structure (off balance sheet) to carve out of €50m receivables with 90% advance rates. Working with a collaborative approach for the client’s best interest, colleagues sought participation from finance partners in the Netherlands & the UK and Belgium..  

Highlights

• Complex Cross Border Commercial Finance structure, executed smoothly

• Fast response: 15 week delivery to meet customers deadline, funding required to be in place for activity budget requirements

• Collaborative approach: working with the incumbent senior bank syndicate to agree carve out of €50/m receivables with 90% advance rates