Selected Deals

Originated by Charles Nahum

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MAR 2021

Leading Container Shipping and Logistics Group
USD 2.1 Billion Accounts Receivable Securitisation
  • This transaction is for a leading Europe headquartered group that provides worldwide containerised transportation services
  • The implementation of the transaction involved the integration and expansion of the group’s existing receivables financing facilities
  • Funding was through a multi-bank syndication and incorporates both billed and unbilled receivables, 30 currencies, 4 ERP systems and 68 obligor countries and selling jurisdictions
Novapproach - Selected Deals. Zim Integrated Shipping Services
AUG 2019
Zim Integrated Shipping Services
USD 90 Million Factoring Program
  • ZIM Integrated Shipping Services Limited, headquartered in Israel, is an international container shipping group that provides services in over 120 countries, worldwide
  • This multi-jurisdiction trade receivables factoring program is funded by a leading Israeli bank

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Novapproach - Selected Deals. Neptune Orient Lines Limited
DEC 2018
Neptune Orient Lines Limited
USD 550 Million Accounts Receivable Securitisation
  • Neptune Orient Lines was founded as Singapore’s national shipping line and is now part of the CMA CGM Group
  • This cross-border container shipping receivables securitisation is funded by a leading European bank

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Novapproach - Selected Deals. CMA CGM

AUG 2018

CMA CGM
USD 1.25 Billion Accounts Receivable Securitisation
  • CMA CGM, headquartered is France, is one of the world’s leading container shipping and logistics groups
  • This cross-border container shipping receivables securitisation is funded by a syndication of multinational banks

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Novapproach - Selected Deals. Hapag-Lloyd AG

FEB 2018

Hapag-Lloyd AG
USD 550 Million Accounts Receivable Securitisation
  • Hapag-Lloyd, headquartered is Germany, is among the world’s leading container shipping groups
  • This multicurrency cross-border receivables securitisation is funded by a syndicate of European banks

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Novapproach - Selected Deals. Papier Union and PMF Factoring GmbH

DEC 2015

Papier Union and PMF Factoring GmbH

EUR 100 Million Accounts Receivable Securitisation
  • Papier Union is a a leading European merchant group and one of the largest paper companies in Germany
  • PMF Factoring began as a subsidiary of Papier Union but has since become an independent entity
  • The receivables from these two companies, in distinctly different businesses, are combined in a single securitisation program

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Novapproach - Selected Deals. Zim Integrated Shipping Services

OCT 2015

Zim Integrated Shipping Services

USD 100 Million Accounts Receivable Securitisation
  • ZIM Integrated Shipping Services Limited, headquartered in Israel, is an international container shipping group that provides services in over 120 countries, worldwide
  • This receivables securitisation facility was put in place as part of a post-debt restructuring financing plan

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NOV 2013
Global Shipping Company
USD 600 Million Accounts Receivable Securitisation
  • This transaction is for one of the world’s largest shipping groups, headquartered in Europe
  • This 3-year, multicurrency facility, structured to ‘AA’ S&P rating criteria, is funded by a syndicate of 4 international banks
Novapproach - Selected Deals. Sonae Industria SA

SEP 2012

Sonae Industria SA
EUR 100 Million Accounts Receivable Securitisation
  • Sonae Industria is one of the world’s largest wood-based panel production companies, serving the construction, furniture and decoration sectors
  • This securitisation transaction comprises export trade receivables originating in 6 European countries with obligors worldwide

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Novapproach - Selected Deals. Netafim

APR 2012

Netafim
EUR 4 Million Invoice Factoring Program
  • Netafim is the global leader in technology driven drip-irrigation. Founded in 1965, with headquarters in Israel, Netafim introduced the world’s first drip irrigation solution
  • This transaction is funded by a leading European factoring company

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Novapproach - Selected Deals. Altri SGPS SA

NOV 2011

Altri SGPS SA
EUR 60 Million Invoice Factoring Program
  • Altri is a leading Portugal-based pulp producer focused on the production of bleached eucalyptus pulp
  • The funding of this factoring program, incorporating both domestic and international receivables, is syndicated

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Novapproach - Selected Deals. Inapa SA

JAN 2011

Inapa SA
EUR 20 Million Invoice Factoring Program
  • Inapa is a leading European paper supplier, headquartered in Portugal
  • This factoring facility is specific to the group’s Spanish subsidiary

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