Pemberton Asset Management, a European private credit manager, and Santander Corporate & Investment Banking (Santander CIB), Santander’s global division that supports corporate and institutional clients, formed a strategic partnership to launch Invensa, a new company focused on providing large and mid-sized corporates with supply chain inventory solutions. The launch is subject to relevant regulatory approvals._x000D_
_x000D_
Invensa aims to support the shift from ‘just-in-time’ to ‘just-in-case’ supply chain models and enable operationally efficient, flexible inventory financing and management at large scale._x000D_
_x000D_
“The partnership between Santander CIB and Pemberton brings together two firms at the vanguard of their respective markets,” Symon Drake-Brockman, CEO of Pemberton, said. “The combined offering strategically positions us to deliver innovative inventory management solutions that address the evolving needs of companies and their supply chains worldwide.”_x000D_
_x000D_
“As a leading bank in the trade & working capital space it is important for us to be able to offer the full range of solutions to manage the end-to-end working capital of our clients of which inventory is a very relevant part,” Jose M. Linares, global head of Santander CIB and senior executive vice president of Santander, said. “We have been facilitating third-party leading inventory finance solutions to our clients during more than 10 years and this partnership with Pemberton enables us to serve our clients as a long-term partner and deliver an increasingly business critical solution.”
Forward for Specialty Finance
