In a context where every transaction requires speed of execution and tight cash control, factoring has become a key tool to support LBOs, carve-outs, spin-offs and restructuring operations.
Fibus, the leading independent advisory firm specialised in factoring in Europe, leverages its expertise to support private equity funds and their portfolio companies in structuring tailor-made solutions integrating financing, trade credit insurance and digital tools.
From acquisition to exit, every stage of the investment cycle offers an opportunity to optimise cash and enhance company value.
Fibus supports investment funds in turning factoring into a tool for improving financial performance within their portfolio companies.
Assess available financing capacity
Before any transaction, it is essential to identify the latent financing potential within accounts receivable.
Fibus assesses the available factoring capacity to anticipate cash requirements and structure the financing package, without increasing acquisition debt.
An initial estimate often helps unlock additional leverage as early as closing.
Prepare operational financing from day one
This interim phase is the ideal moment to integrate factoring into the negotiation of the credit agreement.
Fibus supports your teams in structuring a non-recourse facility to ensure financing is rapidly available post-closing.
Result: a ready-to-activate structure from the moment control is taken, with no execution delays.
Unlock cash at the time of the transaction
At the final stage of the deal, factoring can be used to immediately generate liquidity from existing receivables.
For cash-generating businesses, this solution facilitates the release of available reserves or capital redistribution.
An effective tool to strengthen group cash flow without adding complexity to the debt structure.
Support growth or absorb pressure
After closing, factoring becomes a financing engine for external growth, integration or transformation plans.
During periods of stress, it remains accessible, unlike a revolving credit facility, which may be suspended if covenants are breached.
A flexible lever, always available, ensuring continuity of financing.
Enhance company value and simplify the transaction
Ahead of a sale, factoring helps clean up the balance sheet and improve liquidity ratios.
Selling a company with monetised receivables and no associated financial debt strengthens its perceived value and facilitates negotiations with the buyer.
A cash-positive business, free from operating debt, sells better and faster.
In an LBO context, every point of liquidity matters. The CFO plays a key role in ensuring the robustness of the structure and the performance of the growth plan.
Factoring is a non-dilutive financing lever that improves the balance sheet structure, releases cash and secures acquisition debt. Often used alongside a revolving credit facility (RCF), non-recourse factoring strengthens financial autonomy ratios and enables post-acquisition growth financing without increasing leverage.
With Fibus, an expert in factoring within LBO environments, you can:
Fibus supports private equity funds and portfolio CFOs in structuring tailor-made factoring programmes — combining financial performance, flexibility and execution speed.
A carve-out or spin-off marks a decisive step: the creation of an independent entity with its own resources, systems and financial autonomy.
The success of this transition depends on one key factor: securing fast, flexible and non-dilutive financing to ensure continuity and performance from the very first months.
In these contexts, factoring becomes a strategic financing lever to:
Fibus supports funds and finance teams in structuring tailor-made factoring programmes, in coordination with credit insurers and factors, to make every carve-out or spin-off a smooth, high-performing and rapidly autonomous operation.
In an external growth context, finance teams and investment funds share a clear priority: securing the transaction while preserving group liquidity and flexibility.
Factoring stands out as an agile, non-dilutive and immediately deployable financing solution, ideally suited to acquisitions, integrations and build-up strategies.
In addition to acquisition debt, it unlocks cash from receivables, strengthens available liquidity and finances the additional working capital needs generated by the integration of a new entity.
With Fibus, you benefit from end-to-end support:
Fibus works alongside CFOs and investment funds to turn accounts receivable into a strategic financing source driving M&A performance.
Your main challenge in a restructuring context is ensuring operational continuity while preparing for recovery.
Factoring is based on the quality of your trade receivables and the creditworthiness of your customers, not on your company’s overall financial health. Is your business under pressure? Factoring provides a robust alternative and a significant source of financing for companies facing economic headwinds, especially when dealing with structurally long payment terms.
Unlike other credit facilities that may be reviewed or suspended in the event of financial deterioration, factoring remains in place.
Factoring quickly meets the critical need for liquidity when a crisis arises, and continues to finance growth at a competitive cost once the situation has stabilised.
Banks often require debt rescheduling or additional guarantees. Factoring helps generate the necessary liquidity to meet these requirements.
A factoring agreement can be structured in just a few weeks, or even less. Once in place, customer receivables are financed within 48 hours. This makes it a highly responsive solution, well suited to crisis situations where immediate cash flow is essential to ensure business continuity.
Factoring supports acquirers in financing their return to growth.
We have been working with CFOs and private equity funds since 2005.
We support companies in LBO, carve-out, spin-off and restructuring contexts, across all segments - small, mid and large cap.
• 100% financing-focused DNA
• Two complementary solutions supporting factoring finance: trade credit insurance and digital tools
• The largest specialised team in Europe
• Collaboration with 40 funds across Europe and the United States
• Success-based remuneration
• 4 out of 5 transactions supporting companies under LBO
• 20+ years of experience across our three areas of expertise and 1,650 companies supported
• €49 billion of receivables financed through our intermediary in 2025
• €18 billion of guarantees under management in 2025
• 42 countries covered across Europe, North America and Oceania
• More than 40 financing partners
• Over 50% of our activity is conducted internationally
• 7 offices in France, the United Kingdom, Germany and the United States
• 5 languages spoken daily