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March
Belgium’s Izola Bank is planning a bond issue this month to increase its factoring business.
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February
Garanti Factoring has reported a 42% increase in earnings over 2009.
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Venture Structured Finance has provided a receivables finance package, combined with a cash flow term loan, to fund James Caan’s acquisition of medical recruitment specialist DRC Group through a BIMBO deal.
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Bibby Financial Services, has provided a factoring facility to support a Canadian company that imports precision scales and weighing instruments from China.
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January
According to a survey of UK accountants, the invoice finance industry uses too much jargon and should drop terms such as factoring and invoice discounting in favour of simpler terms like cashflow finance.
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Barclays Capital has led a refinancing for factoring specialist Cabot Financial Europe.
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IBM has completed its first deal under a new factoring entity, IBM Factoring Company Limited, which will offer factoring to businesses operating China.
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Bibby Financial Services has provided a receivables-backed financing deal for a Canadian transport firm..
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Close Brothers Group has acquired the invoice financing loan book of UK firm GMAC Commercial Finance Limited.
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Thailand’s IFS Capital, a factoring and financing company has announced plans to raise funds through an initial public offering this year.
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Russian joint-venture factoring firm, FactorRus, has appointed a new CEO.