Daily News: March 15, 2017

DS-Concept Provides $3.5MM Facility to Gaming Industry Manufacturer

DS-Concept USA was engaged by a private equity group to provide a $3.5 million non-recourse factoring facility to a niche manufacturer of officially licensed consumer products in the gaming industry.

Rather than injecting more equity to support the portfolio company’s growth, the private equity group used DS-Concept to free up additional working capital by financing the company’s domestic and foreign AR.

In addition to increasing the company’s working capital, DS-Concept’s global footprint strengthens the company’s credit and collections capabilities overseas, ultimately allowing them to be more aggressive in foreign markets.

The company, based in New York, is an emerging brand name in the $100 billion gaming industry. It sells to major retailers and distributors across North America, Europe and Asia, and is experiencing significant growth in each region.

DS-Concept is an international trade finance group headquartered in Germany with 14 global offices. DS-Concept works with SME and middle market companies worldwide to provide non-recourse factoring and supply chain financing.