Selected Deals
Originated by Charles Nahum
NOV 2024
Leading European Agricultural Commodity Trading Group
USD USD 1 Billion Account Receivables Securitisation
- Led implementation, engaging four major European investment banks, and working with client to streamline transaction data and business processes.
- Structure seeks to achieve STS compliance and IFRS off-balance sheet treatment though the sale of a junior tranche.
- Prepared receivables data analysis.
- Working with client to identify suitable funders.
- Led Request for Pricing (RFP) process with funders.
- Working with SCF platform provider to integrate client and supplier data.
- Prepared critical analysis of existing receivables securitisation program.
- Advised client on implementing changes to the program structure and the funding bank facility terms.
- Data analysis of global trade receivables portfolio and potential securitisation terms.
- Critical assessment of bank receivables securitisation term sheet proposals.
- Lead implementation, engaging European investment bank to fund the transaction.
- Working alongside reporting agent to streamline transaction data and business processes across 15 jurisdictions.
- Worked with credit insurance provider to maximise cover to allow for IFRS off-balance sheet treatment.
- This transaction is for a leading Europe headquartered group that provides worldwide containerised transportation services
- The implementation of the transaction involved the integration and expansion of the group’s existing receivables financing facilities
- Funding was through a multi-bank syndication and incorporates both billed and unbilled receivables, 30 currencies, 4 ERP systems and 68 obligor countries and selling jurisdictions
- ZIM Integrated Shipping Services Limited, headquartered in Israel, is an international container shipping group that provides services in over 120 countries, worldwide
- This multi-jurisdiction trade receivables factoring program is funded by a leading Israeli bank
- Neptune Orient Lines was founded as Singapore’s national shipping line and is now part of the CMA CGM Group
- This cross-border container shipping receivables securitisation is funded by a leading European bank
- CMA CGM, headquartered is France, is one of the world’s leading container shipping and logistics groups
- This cross-border container shipping receivables securitisation is funded by a syndication of multinational banks
- Hapag-Lloyd, headquartered is Germany, is among the world’s leading container shipping groups
- This multicurrency cross-border receivables securitisation is funded by a syndicate of European banks
- Papier Union is a a leading European merchant group and one of the largest paper companies in Germany
- PMF Factoring began as a subsidiary of Papier Union but has since become an independent entity
- The receivables from these two companies, in distinctly different businesses, are combined in a single securitisation program
- ZIM Integrated Shipping Services Limited, headquartered in Israel, is an international container shipping group that provides services in over 120 countries, worldwide
- This receivables securitisation facility was put in place as part of a post-debt restructuring financing plan
- This transaction is for one of the world’s largest shipping groups, headquartered in Europe
- This 3-year, multicurrency facility, structured to ‘AA’ S&P rating criteria, is funded by a syndicate of 4 international banks
- Sonae Industria is one of the world’s largest wood-based panel production companies, serving the construction, furniture and decoration sectors
- This securitisation transaction comprises export trade receivables originating in 6 European countries with obligors worldwide
- Netafim is the global leader in technology driven drip-irrigation. Founded in 1965, with headquarters in Israel, Netafim introduced the world’s first drip irrigation solution
- This transaction is funded by a leading European factoring company
- Altri is a leading Portugal-based pulp producer focused on the production of bleached eucalyptus pulp
- The funding of this factoring program, incorporating both domestic and international receivables, is syndicated
- Inapa is a leading European paper supplier, headquartered in Portugal
- This factoring facility is specific to the group’s Spanish subsidiary
OCT 2024
Invoice Discounting Financial Institution
GBP 20 Million Warehouse Financing Facility
JUN 2024
Singapore Headquartered Trading Group
USD 25 Million Supply Chain Financing (SCF) Facility
APR 2023
EU Headquartered Chemicals Group
EUR 180 Million Receivables Securitisation
FEB 2022
International Integrated Security Company
GBP 200 Million Receivables Securitisation
JAN 2022
Multinational Agricultural Industrial Group
USD 150 Million Receivables securitisation
MAR 2021
Leading Container Shipping and Logistics GroupUSD 2.1 Billion Accounts Receivable Securitisation
AUG 2019
Zim Integrated Shipping ServicesUSD 90 Million Factoring Program
View Website
DEC 2018
Neptune Orient Lines LimitedUSD 550 Million Accounts Receivable Securitisation
AUG 2018
CMA CGMUSD 1.25 Billion Accounts Receivable Securitisation
FEB 2018
Hapag-Lloyd AGUSD 550 Million Accounts Receivable Securitisation
DEC 2015
Papier Union and PMF Factoring GmbH
EUR 100 Million Accounts Receivable Securitisation
OCT 2015
Zim Integrated Shipping Services
USD 100 Million Accounts Receivable Securitisation
View Website
NOV 2013
Global Shipping CompanyUSD 600 Million Accounts Receivable Securitisation
SEP 2012
Sonae Industria SAEUR 100 Million Accounts Receivable Securitisation
APR 2012
NetafimEUR 4 Million Invoice Factoring Program
NOV 2011
Altri SGPS SAEUR 60 Million Invoice Factoring Program
JAN 2011
Inapa SA EUR 20 Million Invoice Factoring Program