JRJ Group, TomsCapital, 76 West Holdings partner to acquire Demica

Tuesday 5 August 2014 08:28 CET | News

JRJ Group, a private equity firm focusing on financial services, TomsCapital, a US-based family office and 76 West Holdings have formed a consortium which has acquired Demica, a global provider of working capital solutions, from the J.M. Huber Corporation.

All of Demica’s employees are expected to remain with the company. Demica is a specialist in invoice based financing transactions, including trade receivables securitization, supply chain finance (SCF) and invoice discounting. As a provider of specialised working capital solutions, Demica provides consulting, advisory and technology services to a diverse range of multi-national clients. Demicas working capital management technology is used around the globe by banks, private equity sponsors, export-oriented SMEs and multi-national corporations. Demica delivers its receivables financing, supply chain finance and asset based lending worldwide with invoice-based global transactions processed on Demica’s proprietary Citadel platform.

J.M. Huber Corporation, whose core business is engineered materials, acquired Demica in 2002 based on its own experience raising capital to fund its expanding global manufacturing operations. J.M. Huber Corporation is set to remain a client of Demica.

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Keywords: JRJ Group, TomsCapital, 76 West Holdings, Demica, working capital, trade receivables, securitization, supply chain finance, SCF, invoice discounting
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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