DEAL SHEET 2009

							DEAL SHEET 2009

As products, Factoring and Invoice Discounting
provide flexible alternative financing solutions for
businesses that require help with their cash flow.
Factoring and Invoice Discounting provide robust
financial solutions for businesses struggling
to stay on top of their finances in this difficult
economic environment. The Asset Based Finance
industry provides finance to firms employing over
1.4 million people in the UK.

This Deal Sheet was produced by the Invoice
Finance Committee, part of the ABFA, which
aims to increase understanding and raise the
profile of Factoring and Invoice Discounting in
the UK and Ireland.

The Asset Based Finance Association (ABFA) is          CRÉDIT AGRICOLE COMMERCIAL FINANCE - ON TARGET WITH SAGITTA
an Association which represents the Asset Based
Finance industry (which includes Factoring and         Hamilton Bradshaw, the London-based private equity firm led              today it also provides the platform for the new business to
                                                       by James Caan and Tristan Ramus, has acquired the trade and              accelerate the development of its contractor book, whilst building
Invoice Discounting) in the UK and Ireland.
                                                       assets of recruitment business QSG with new MD, Trish Stratford,         a strong brand under the Sagitta banner and increasing the
Currently over 46,000 businesses are benefiting        the former COO of Blue Arrow.                                            presence of the business in social housing and education sectors.
from over £15 billion in lending from this
                                                       QSG had been operating since 2007, supplying temporary                   “Once again, Crédit Agricole Commercial Finance has
industry.                                              teachers to Local Education Authorities. The legacy brands and           demonstrated an exceptionally good commercial understanding
                                                       sub-brands will now be rationalised under one strong new master-         throughout the process. Having assessed the integrity of the
To find out more about Factoring and Invoice           brand, Sagitta Ltd – Latin for ‘Arrow’.                                  debtor book, given the nature of the sovereign debt, Crédit
Discounting products, or to read more Factoring                                                                                 Agricole Commercial Finance came back with an even better deal
                                                       Tristan Ramus comments on Crédit Agricole Commercial
                                                                                                                                than was originally proposed. As part of Credit Agricole, they have
and Invoice Finance deals, please visit                Finance’s involvement in this transaction: “Crédit Agricole
                                                                                                                                strong funding lines. The principals who were involved in the deal
www.abfa.org.uk/public/industryInformation.asp         Commercial Finance runs the funding lines for a number of other
                                                                                                                                worked in an exemplary fashion to deliver to a tight timeframe,”
                                                       businesses for us. We like to bring them in at an early stage to
                                                                                                                                concludes Mr Ramus.
                                                       ensure a smooth transition.”
                                                                                                                                t: 020 7517 3022
                                                       Crédit Agricole Commercial Finance acted quickly to structure and
                                                                                                                                e: marketing@ca-commercialfinance.co.uk
                                                       deliver the £1.2 million confidential invoice discounting
                                                                                                                                www.ca-commercialfinance.co.uk
                                                       transaction. Not only did the facility replace the previous overdraft,