An international group

Successfully securing your non-recourse/off-balance-sheet accounts receivable financing strategies across all of your subsidiaries.

Our international team has already provided expert consultancy and support to major international groups in 37 countries.

International groups' requirements

Having a reliable credit line at the best possible rate
Refinancing a portion of debts in place in whole or in part
Optimising your balance sheet with off-balance sheet factoring
Financing organic and external growth operations

The benefits of factoring

  • A long-term solution
  • Option of long-term confirmation
  • Off-balance sheet treatment in accordance with IFRS, French GAAP and US GAAP
  • Quick set-up (about three months)
  • Possible central pooling of cash flow
  • Resistant to changes in shareholding
  • Fits in with your mobilisation practices for accounts receivable in various countries

A closer look at factoring for international groups

In the special case of a group present in several countries, it may be beneficial to develop a single trade accounts receivable strategy.

This could take on various forms, such as confidential factoring, balance financing or securitisation. A group-wide approach allows for larger-scale fluency of financing methods, economies of scale and many operational savings.

What are the challenges of an international factoring strategy?

Measuring the group’s financing potential


Organising the project and setting-up the management team


Successful negotiation and implementation phase


Business case

Our assignment

Research, tender process and implementation of an off-balance sheet factoring agreement in a unique context (e.g., the March 2020 lockdown period)

What we did

  • Research and tender process for factors and credit insurers, in a unique emergency context
  • Implementation of a confirmed line of €90m over a term of three years in four countries for nine entities
  • Obtaining a confirmed credit line in the middle of lockdown whilst the context was to reduce credit commitments


Aeronautical sub-contractor, held by a private equity fund


  • Business activities: aeronautics, defence
  • Countries: Denmark, France, the United Kingdom and United States
  • Clients: Large clients, aerospace manufacturers
  • Type of contract: confidential balance assignment
  • Credit line: €90m
  • % of financing: 94% of assigned receivables
  • Cost: less than 2%
  • Term: three years
  • Credit insurance: delegated


To implement a factoring agreement by 30th June 2020

Our added value

  • Identifying factors covering all group legal jurisdictions
  • Pooling and coordinating the project for a group with several decision-making centres across the world
  • Training five finance teams
  • Implementing the project promptly
Contact us to find out the best solution for financing your accounts receivable.
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