Manufacturing

Background

This fast growing company operating across numerous territories produces consumer goods focusing on innovative household products for cleaning, safety, cooking and personal care.

Reason for Finance

The business had growing international ambitions but needed to find the right kind of finance to turn this into a reality. The funding solution had to offer the flexible release of working capital to adjust to seasonal influences as well as provide the headroom required for growth.

The Solution

The ACF Group worked together to create a cross-border club deal construction with Deutsche Bank. A funding facility totalling €100m leveraged via 90% advance on receivables and 65% advance against inventory across our Group. The nature of this responsive finance against revolving receivables and inventory provided the business with the ability to flex automatically with seasonal highs and lows.

Highlights

• Cross-Border financing solution across 4 territories in the Netherlands, the UK, France and Germany.

• Responsive: flexible finance which adjusts to seasonal influences.

• Collaborative approach: €100m leveraged via 90% advance on receivables and 65% advance against inventory across our Group

• Reliable delivery: ACF Group acted as Lead Arranger and Collateral Agent across all 4 countries successfully attracting participants to meet the funding requirements