Acquisition Of French IT Provider Funded By Invoice Finance

A UK company has acquired a French IT business which provides an extensive range of services to the transport sector, and which it plans to run as a subsidiary

by Amy Clark | Wednesday 21 November 2012

The solutions being delivered manage vehicle leasing and rental operations for its clients; helping those companies monitor profitability and plan optimum usage of their vehicle fleets.

The IT company’s €2.5 million turnover is generated primarily from annual service contracts, and from fees for system development.

TAEFL was called in by the UK organisation to identify an appropriate source of €500,000 funding to finance the deal. Given the very high quality of the French company’s debtor list – all high profile vehicle leasing and rental operators – invoice finance was considered to be a viable and cost-effective route.

Presentation of the proposition by TAEFL secured the support of the European head of an international finance company, who recommended the deal to the groups' French subsidiary


Mark Runiewicz
Trade & Export Finance Limited
+44 (0) 121 683 892

Wednesday 21 November 2012 / file under Finance | Computers