FGI Closes a Record 27 Deals during the First Half 2013

Business Wire

NEW YORK--(BUSINESS WIRE)--

FGI (www.fgiworldwide.com), a global commercial finance firm with clients in over 60 countries, announced that it closed a record 27 new deals during the first half of 2013.

Each of these transactions required in-depth knowledge of global asset-based lending and risk mitigation. By combining expertise from each of its divisions, Finance, Capital and Risk, FGI was able to provide an array of solutions including widened credit facilities and increased access to capital. As a result, FGI’s clients are now able to capture growth opportunities in their respective markets with minimized risk. A few of the transactions include:

  • Genebre Group S.L. - FGI Finance provided Genebre with senior working capital financing in order to help them consolidate and refinance their outstanding portfolio of loans. Quick and effective execution allowed the company to access additional capital against its underserved assets in Europe and Latin America.
  • Planet Hollywood - FGI Capital structured a bridge loan for Planet Hollywood in order to cover costs associated with the renovation of their Times Square location. Rapid turnaround of this loan prevented costly construction delays and lost revenue.
  • FN Herstal - FGI Risk secured an insurance policy on FNH USA’s receivables, which allowed them to hedge their risk and implement stronger sales initiatives.

The deals we closed during the first half of the year further demonstrate FGI’s ability to finance a vast array of transactions in an incredibly short amount of time. FGI is at the forefront of the asset-based lending and commercial finance industry,” says David DiPiero, President and CEO of FGI. “We look forward to continuing our current relationships and developing new ones in the upcoming years.”

About FGI

FGI (www.FGIWorldWide.com) is a global leader in the commercial finance industry, equipping small and medium enterprises with the tools they need to safely grow their business. FGI is unique in that its three key business units, FGI Finance, FGI Risk, and FGI Capital, cover the full spectrum of financial services – thus providing customized business solutions tailored to meet all client needs. Headquartered in New York City, FGI maintains a presence on 6 continents with clients in over 60 countries around the world.

Contact:
FGI
Alisa Banks, 212-248-3400
abanks@fgiww.com
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