Credit insurance: new signing for our Fibus Trade team. We helped our client, a leader in glass packaging in Europe, to optimise its credit insurance contracts when it acquired a subsidiary in the UK. The result: a 40% reduction in the premium.
Factoring: new signing on the German market by our factoring brokerage team, with a great performance: only 22 days between our call for tenders and the 1st financing!
Our client is a German IT consulting and services group operating on the German market, with annual sales of €220 million.
Two key issues in this operation:
1. Speed: 22 days between the launch of our call for tenders to European factoring companies and the 1st factor financing
2. The Off-balance sheet treatment of the factoring programme, key point for the group's shareholder.
The facility obtained is €20m, 100% none recourse, with an advance rate of 95%. The German factor selected has made a 3-year commitment.
Factoring: new signing on the German market by our factoring brokerage team, with a great performance: only 22 days between our call for tenders and the 1st financing!
Our client is a German IT consulting and services group operating on the German market, with annual sales of €220 million.
Two key issues in this operation:
1. Speed: 22 days between the launch of our call for tenders to European factoring companies and the 1st factor financing
2. The Off-balance sheet treatment of the factoring programme, key point for the group's shareholder.
The facility obtained is €20m, 100% none recourse, with an advance rate of 95%. The German factor selected has made a 3-year commitment.
signing
40 % reduction in credit insurance premiums in the UK
- Turnover : €150M
English subsidiary of a European glass packaging manufacturer
- Supporting our client in an external growth operation
- Standardisation of contracts between the subsidiary and the Group (Group advised by Fibus in factoring and credit insurance in 6 countries)
signing
3 weeks between tender offer ignition and first financing date!
- Turnover : €220M
- Facility : €20M none recourse facility and advance rate: 95 %
IT Consulting & IT services
Germany
IFRS compliant Off-B/S, confidential balance assignment, factor commitment: 3 years
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Fibus' expertise covers 100% of factoring needs, including credit insurance and digital solutions for monitoring programmes.
Fibus' expertise covers 100% of factoring needs, including credit insurance and digital solutions for monitoring programmes.
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Fibus met their different requirements - Factoring, Trade credit and IT solutions in various contexts: strengthening cash flow position, supporting an international build-up strategy, optimizing funding for a fast growing group in Europe.
Industries: Regulatory and pharmaceutical advisory services, Manufacture of pharmaceutical preparations, Manufacture of metal structures and parts of structures.
Industries: Regulatory and pharmaceutical advisory services, Manufacture of pharmaceutical preparations, Manufacture of metal structures and parts of structures.
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