Close Brothers acquires invoice loan book

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07 January 2010

Close Brothers Group has acquired the invoice financing loan book of UK firm GMAC Commercial Finance Limited.

Close Brothers Group (Close Brothers) has acquired the invoice financing loan book of UK firm GMAC Commercial Finance Limited for a premium to net book value of up to £4 million ($6.3 million) in cash.

GMAC’s loan book is valued at $94...

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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%

33%

50% to 75%

30%

25% to 50%

25% or less

10%

I don’t use private credit insurers

18%