We meet working capital financing requirements by securitising trade receivables.
We have twenty years of experience in structuring securitisation transactions for companies, covering all asset classes in the Italian market. With the collaboration of the Debt Capital Market Team, we carry out placement activities on the market for securitisation transactions with public placement and, as part of private placement transactions, we have direct access to a network of over a hundred investors specialised in the various asset and risk classes present on the Italian market.
We have been actively operating in the Italian securitisation market for more than 20 years and to date we have advised on the structuring and/or restructuring of more than 60 transactions, with a total volume of more than €45 billion.
Securitisation of Trade Receivables
The working capital financing solution that we propose, as Arranger or Advisor, enables one or more companies belonging to the same group to disinvest their trade receivables from their customers.
Specifically, the solution makes it possible to:
assign eligible loans claimed by the company from its corporate/retail customers, without constraints on the number of assigned debtors
transfer the risk of late payment and the credit risk of the transferred portfolios to the transferee
use a form of working capital funding alternative to other more traditional instruments (advance payments subject to collection, unsecured loans)
stabilise the cost of funding over a medium to long-term horizon (3-5 years)
plan cash flows from working capital over a medium-term horizon
benefit from a flexible structure that allows a variable amount of trade receivables to be deconsolidated during the life of the operation
preserve the commercial relationship between the company and its end customers , since the company continues to manage the loan portfolio as if it had not been securitised
The complexity of the transactions that we oversee requires in-depth knowledge of the product and coordination of a large number of internal and external players. Consequently, efficient overall management of the process is the most important factor in ensuring that the transaction is completed effectively, on time and within budget.
Our strengths include:
We offer advisory services for all mergers and acquisitions.
Funding, issues, placement: we are one of Italy’s leading players in the domestic and international debt markets.
We are the ideal partner for companies that want to grow, increase their level of structuring and internationalisation and rationalise their shareholding structures.