Getronics secures $20m working capital facility with FGI Worldwide
Getronics has secured a $20m working capital facility with FGI Worldwide LLC, a portfolio company of Goldman Sachs Alternatives.
“FGI took the time to understand how Getronics operates – across every market we're in, not just on paper. This facility gives us the flexibility to keep backing our growth and we're looking forward to building on the relationship in the years ahead.”
— Mike Field, Chief Financial Officer, Getronics
This facility gives Getronics additional working capital flexibility to support its continued growth, both organically and as it takes on larger, more complex global contracts. The business sought a lender able to operate across its international footprint, with the flexibility to grow alongside it.
FGI is a leading provider of working capital financing and trade credit insurance solutions, specialising in asset-based lending and multi-jurisdictional working capital structures for growing businesses. With extensive experience supporting businesses operating across international markets, FGI provides flexible financing solutions designed to meet the complexities of global growth.
“Getronics is exactly the kind of business we set out to support: a long-established, well-run operator with real global reach and a clear path for continued growth. From the onset, our focus was on understanding the business, its priorities and its international footprint so we could structure a facility that supports Getronics today and can grow alongside the business over time.”
— Sami Altaher, CEO, FGI
