Finacity Arranges $50M Receivables Facility for Advancion
Finacity Corporation facilitated a $50 million receivables financing deal for specialty chemicals firm Advancion, backed by private equity owners Ardian and Golden Gate Capital.
Finacity Corporation, a subsidiary of White Oak Global Advisors, has arranged a USD 50 million receivables financing facility on behalf of Advancion Corporation, the company announced Thursday from its Stamford, Connecticut headquarters.
The facility is funded by a global investment firm through its credit funds and accounts, and is secured by accounts receivable generated by Advancion and its subsidiaries across three countries — the United States, Germany, and Singapore — reflecting the specialty chemical company's multinational operational footprint.
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Advancion is a portfolio company jointly held by private equity firms Ardian and Golden Gate Capital. The transaction gives the company access to liquidity tied directly to its trade receivables rather than traditional debt instruments, a structure increasingly favored by mid-market manufacturers seeking flexible working capital solutions.
Finacity served as administrator for the program, providing analytical and execution support throughout the structuring process. The firm will retain ongoing responsibility for program administration and reporting, a role consistent with its core business of facilitating receivables-based financing for corporate clients globally.
The deal underscores continued appetite among credit investors for asset-backed structures collateralized by diversified, cross-border receivable pools, even as broader credit markets navigate uncertain macroeconomic conditions. Continue reading at GlobeNewswire - Mergers And Acquisitions.
