Daily News: March 14, 2013

FGI Closes Ten New Deals in Q4/12


FGI Finance said it has closed ten new deals in the last six weeks of 2012. The transactions varied in size and complexity, as FGI provided increased funding to small-capital domestic businesses and multi-jurisdictional financing to larger international companies.

The deals included:

Open Date Equipment 1 million

FGI provided financing for the acquisition of this manufacturer and distributor of industrial printing equipment in 4 separate jurisdictions and was able to secure the capital needed quickly and effectively.

O’Sullivan Communications US$2 million

A multi-national printing and translation company with offices in both the UK and US, FGI was able to get the funding they needed to expand on an international level. Through trust and attention to deal momentum, FGI was able to deliver both working and growth capital.

IC Intracom US$5 million

FGI was able to provide the US based distributor of peripherals and accessories with the multi-jurisdictional financing arrangements the company required. The capital from FGI will support the company’s growth initiatives, including new distribution agreements with its major distributors,

“These deals closed in Q4 2012 underscore FGI’s ability to finance a vast array of complex transactions in an incredibly short amount of time. There is no question as to our position within the asset-based lending and commercial finance industry,” said David DiPiero, president and CEO of FGI. “We look forward to continuing our current relationships and developing new ones in the upcoming years.”