International food company

Processed meat platter

Background

A prestigious international food company, the product portfolio comprises food service and processed meat industries for the retail sector. With a catalogue of client-specific products and innovative concepts they supply retail, industrial and food service clients across the Netherlands, Germany and indeed, the globe.

Reason for Finance
Having recently streamlined its focus the business had a strategic agenda to further rationalise its footprint  in order to reduce costs and increase profitability. Releasing €125m working capital through accounts receivables finance was key to its success and speed was of the essence in order to facilitate the business’s development and ambition.

The Solution

The transaction was very complex due to the size of the facility but the ACF Group worked quickly to structure a multi-local €45m solution towards the total requirement. Acting as Lead Arranger and Collateral Agent, the ACF Group simultaneously worked fast to secure syndicate support across two finance partners in the UK and another in the Netherlands to deliver the remaining finance sought.

Highlights
•    Complex Cross Border Commercial Finance structure, executed smoothly
•    Reliable delivery: ACF Group acted as Lead Arranger and Collateral Agent across all 3 countries on behalf of the syndication providing a global line of €125m (ACF €40m)
•    Fast response:  the process from decision to execution took just 8 weeks
•    Collaborative approach: Successful Cross-Border Financing with seamless cooperation between all parties with tight deadlines and liaison with banking facilities such as trade finance.

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