Selected Deals
Originated by Charles Nahum
MAR 2021
Leading Container Shipping and Logistics GroupUSD 2.1 Billion Accounts Receivable Securitisation
- 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
AUG 2019
Zim Integrated Shipping ServicesUSD 90 Million Factoring Program
- 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
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DEC 2018
Neptune Orient Lines LimitedUSD 550 Million Accounts Receivable Securitisation
- 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
AUG 2018
CMA CGMUSD 1.25 Billion Accounts Receivable Securitisation
- 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
FEB 2018
Hapag-Lloyd AGUSD 550 Million Accounts Receivable Securitisation
- 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
DEC 2015
Papier Union and PMF Factoring GmbH
EUR 100 Million Accounts Receivable Securitisation
- 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
OCT 2015
Zim Integrated Shipping Services
USD 100 Million Accounts Receivable Securitisation
- 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
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NOV 2013
Global Shipping CompanyUSD 600 Million Accounts Receivable Securitisation
- 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
SEP 2012
Sonae Industria SAEUR 100 Million Accounts Receivable Securitisation
- 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
APR 2012
NetafimEUR 4 Million Invoice Factoring Program
- 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
NOV 2011
Altri SGPS SAEUR 60 Million Invoice Factoring Program
- 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
JAN 2011
Inapa SA EUR 20 Million Invoice Factoring Program
- Inapa is a leading European paper supplier, headquartered in Portugal
- This factoring facility is specific to the group’s Spanish subsidiary