Banca CF + buys 30 million trade receivables from Scandolara

Intek subsidiaries sign loan agreement with Sace guarantee

(Finance) – Banca CF +, an institution specializing in corporate financing solutions in a performing or re-performing situation, it has signed an agreement for the supply of factoring services with Scandolara, a leading company in the production of primary packaging in aluminum and polyethylene for the packaging of pharmaceutical, cosmetic and food products.

The agreement – explains a note – signed with theobjective of financing working capitalprovides for a factoring without recourse to a portfolio of assigned debtors made up for the most part by large national groups, including listed companies or investee companies in large investment funds, for a total turnover of € 30 million .

The financing of Banca CF + will allow the company to enhance the prospects for relaunch and the solidity of the development planin a moment made particularly complex also by the impacts of the pandemic and inflationary context.

Thanks to this new agreement, Scandolara will be able to obtain the liquidity necessary to strengthen its economic position and continue with its development and growth plan.

We are proud to support a historical reality like Scandolara“- he comments Iacopo De Francisco, CEO and General Manager of Banca CF + –. “Thanks to our Digital Factoring platform – which has managed almost 2 billion euros in loans since its inception – Scandolara can count on an extremely granular visibility of its position for a prompt derecognition of loans and on very fast disbursement times. I am sure that the loan from Banca CF + will allow the company to better face the recovery process and to fully express its high potential “.

“The constant contact with the Scandolara management and the deep knowledge of the market have allowed us to support the company in the particularly strategic phase of the relaunch and to build a ‘tailor-made’ solution to the specific needs of the company“, keep on Alberico Potenza, Co-Head of Factoring of Banca CF +.

This agreement represents a very important step in Scandolara’s relaunch process. We are confident that this partnership can give concrete support to the achievement of the Company’s development objectives – he declares Maurizio Ria, MD of Duke & Kay Italia as well as a director of Scandolara -. We are very satisfied with the collaboration with a technologically advanced reality such as Banca CF + which has made available to us not only high specialized skills, but also timing and speed in the management of all phases of the operation up to the disbursement of the credit “.

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