Demica facilitates $400m trade receivables securitisation for Impellam Group
Creating a world-leading STEM talent and Managed Service Provider with a distinctive HR tech platform, underpinned by new financing structure
Providing unique expertise in trade receivables securitisation, Demica – the leading fintech specialising in working capital solutions – has supported Impellam Group following the landmark acquisition by Netherlands-based HeadFirst Global.
Building on a long-term relationship with HeadFirst Global, Demica enabled a new $400m trade receivables securitisation funded by Barclays, supporting the transaction through structuring, distribution and reporting. This major achievement provides HeadFirst Global with competitively priced capital which enables the group’s growth as it expands its operations.
Tim Briant, Group CFO HeadFirst Global said: “Working with our partners at Demica has been invaluable – their receivables finance expertise has been a crucial element as we structure this facility. , helping us to remain a global leader in workforce and mission-critical talent solutions.”
Johannes Wehrmann, Demica’s Managing Director and Head of Corporate Solutions said: “We are delighted to continue our longstanding relationship with Headfirst Global through the arrangement of this landmark transaction for Impellam Group. The facility will provide the company with capital to continue to grow across Europe, North America and APAC, with Barclays as its funding partner and supported by Demica’s best-in-class reporting solutions.”
Further information – Demica | Impellam Group | HeadFirst Global