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MAF brokers SFS invoice finance deal for haulier

Midlands Asset Finance (MAF) has brokered an invoice finance deal for haulier Clarke Transport, funded by Siemens Financial Services (SFS).

By Lorenzo Migliorato

Midlands Asset Finance (MAF) has brokered an invoice finance deal for haulier Clarke Transport, funded by Siemens Financial Services (SFS).

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The deal, which Leasing Life understands to be in the multi-million-pound range, was brokered by MAF business development manager Kieran Swarbreck, who has been with the broker since 2013.

Clarke Transport, founded in 1933, has a long-standing relationship with MAF, which has brokered a number of facilities for hauliers.

Alan Swarbreck, Clarke Transport company accountant, and also related to Kieran, said: “Invoice finance is … a tool that we’ve used for many years to contribute to the growth and success of the company.”

“We required a level of flexibility that [Clarke’s invoice finance provider of thirty years] wasn’t prepared to provide. We were introduced to SFS and were impressed that the team proactively sought to understand our business and develop a solution that would help to meet our challenges.”

“They dealt directly with our previous provider and it went extremely smoothly, despite us having a large number of live accounts. Our customers only saw a change in account number – everything else remained the same for them.”

SFS said it tailored the facility’s rates specifically for Clarke Transport, and included the possibility for the company to withdraw extra funds in the short term if needed.

Clarke’s Swarbeck added: “We were reluctant to change at first, having been with our previous provider for several decades but our whole company is delighted we did, and we wouldn’t hesitate to recommend SFS to other businesses.”

Colin Grimshaw, senior relationship manager for UK invoice finance at SFS added: “Experience tells us that transport and haulage is a difficult sector; companies often operate within tight margins, for example. By applying our knowledge of the industry and tailoring the offering we are able to support this thriving family business as it continues to grow.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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