|[March 13, 2014]
FGI Closes Record Number of Deals in Second Half of 2013
NEW YORK --(Business Wire)--
closed a record number of deals in the second half of 2013. The 60 deals
that closed showcase the various services FGI provides to help small and
mid-market companies grow their businesses, including helping clients
secure working capital, leverage existing assets, and/or find the right
credit insurance coverage or the right credit facility to best assist
"We are very pleased with the results from 2013. We have been able to
support a host of clients with variable needs and complex business
structures. FGI is proud to facilitate expansion in our economy and to
provide needed financing options to our clients," said David DiPiero,
President and CEO of FGI. "We look forward to continuing to build on our
current client relationships and to developingnew ones in 2014."
Each of these deals provided FGI's clients with either increased
availability or better credit insurance coverage, and demonstrates FGI's
ability to operate both locally and internationally with the same ease.
A few of the significant deals from 2013 are listed below:
FGI Finance structured three separate agreements to leverage
subsidiaries in the UK, Germany and France and provide a working capital
facility that gave DeVilbiss access to roughly $5 million in
unencumbered receivables overseas. FGI worked alongside a domestic asset
based lender to provide additional availability to DeVilbiss, the
portfolio company of a NY based private equity group.
Sam Salem and Son
FGI Risk used its own network to work directly with the underwriters and
the decision makers at each insurance carrier. The coverage FGI secured
met all three of Sam Salem and Son's requirements-better coverage for
even high risk customers, better premiums and a lower deductible.
FGI Capital secured an asset-based credit facility from a
Connecticut-based finance company under tight time constraints. This new
credit facility allowed Triton to pay off its existing lender and
provided the working capital needed to invest in new technology crucial
to the company's future growth.
is a global leader in the commercial finance industry, equipping small
and medium enterprises with the tools they need to safely grow their
business. FGI's three key business units, FGI Finance, FGI Risk, and FGI
Capital, cover the full spectrum of financial services - providing
customized business solutions tailored to meet all client needs.
Headquartered in New York City, FGI maintains a presence on 6 continents
with clients in over 60 countries around the world.
[ Back To TMCnet.com's Homepage ]