Selected Case Studies - City Invoice Finance Limited
City Invoice Finance Limited is a Manchester based invoice discounting and factoring business that was built from start up by a team of highly experienced industry practitioners. It has established a formidable reputation in the North West of England, winning the Insider Dealmaker North West Trade Finance Team of the year and has been a member of the Fasttrack 100. It was recently acquired by Venture Finance, another player in the industry and a subsidiary of ABN-Amro.
Smedvig Capital played a key role in the business throughout its life including:
- Leading the initial financing at inception to fund the team and a business plan.
- Leading a supplemental financing round to strengthen the balance sheet to allow further growth of 'funds out'.
- Strategic advice on the key business drivers particularly managing the credit risk/rate of growth trade off.
- Providing advice on appropriate management compensation structures.
- Leading re-structuring of the capital structure to ensure optimal alignment between management and investors.
- Leading negotiations for successful sale of the business representing both investor and management interests.