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Announced

Completed

Greensill completed the acquisition of Finacity.

Synopsis

Greensill, a non-bank provider of working capital finance for companies globally, completed the acquisition of Finacity, which provides accounts receivable securitization services. Financial terms were not disclosed. "We are enormously pleased to welcome Finacity into our rapidly expanding Greensill family, with its broad team of experts to cement our leadership position in the industry. Finacity’s reputation is unrivalled in its space, and its culture of creative problem solving to deliver exceptional results for clients fits perfectly with our own commitment to innovation and service. The addition of Finacity’s securitisation capabilities will be of immediate value to our global client base as we will leverage the platforms and leadership teams of both companies to enhance our joint capabilities," Lex Greensill, Greensill Founder and CEO.

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