$ 500,000 | Factoring | East Coast
$ 500,000 | Factoring | East Coast
Client:
East Coast electronics distributor with $3 million in annual sales.
Situation:
The distributor was an existing client of Prestige Capital and its management team was well known to Prestige. The Client’s owners made the strategic decision to focus their attention on other core businesses and wanted to divest the electronics distributor.
Need:
Client’s senior management team approached Prestige to fund a management buyout.
Solution:
Within three business days, Prestige refinanced the existing facility for the newly acquired company with the new ownership group.
