Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a €75m receivables securitisation programme for Sweden-based Media and Games Invest SE (“MGI”) - an advertising software platform. The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment. The transaction includes trade receivables originated by certain subsidiaries of MGI in the United States of America and Germany. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing programme administration and reporting.
