FGI Finance, a division of FGI Worldwide, a global company in commercial finance, provided a $65 million multi-jurisdictional facility to A2 Global, a n electronic component distributor based in St. Petersburg, FL, with offices throughout Europe and Asia.
The FGI facility includes advances on accounts receivable, inventory and machinery and equipment across the jurisdictions of the United States, Germany, Singapore, Japan, the United Kingdom and the Netherlands.
“A2 Global’s impressive momentum and growth trajectory seamlessly align with FGI’s domestic and international lending strategy,” Bryan Rozum, managing director at FGI Finance, said. “We are pleased to provide a liquidity solution that advances the company’s long-term objectives, and welcome the opportunity to collaborate with industry leader, Wynnchurch Capital.”
Steve Yan, managing director at Wynnchurch Capital, said, “FGI’s commitment to structuring a holistic, flexible solution generated a meaningful increase in A2’s borrowing base availability. We look forward to a lasting, successful partnership fostering continued international expansion.”
