GE Corporate Financial Services has purchased NMB Heller Ltd UK from NMB Heller Holding N.V. The transaction will transfer £645 million in assets to GE Corporate Financial Services’ £5.5 billion asset portfolio in Europe. The acquisition confirms GE Corporate Financial Services’ continued growth plans for the UK market. The move will allow GE CFS to offer a wider portfolio of working capital solutions including factoring and invoice discounting to SMEs typically with turnover of between £1 million and £200 million. The company is also developing its portfolio of larger, structured asset based deals in the £20-100 million funding range.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.