Barcelona-based working capital provider Novicap has agreed a €200m debt facility with asset manager Fasanara Capital to expand its working capital platform for SMEs, mid-market companies and public bodies.
The additional credit is expected to ease the scaling up of Novicap's "end-to-end" working capital offering, which includes supply chain financing, invoice factoring and flexible finance for supplier payments. Novicap claims the facility will unlock over €1bn in "financing volume" annually.
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Posted on Dec 13, 2022 Region: Spain
invoice finance Nocicap, Fasanara, debt facility, supplier finance, working capital, SME finance, supply chain finance, Lois Duhourcau, Federico Travella, Francesco Filia
