SEB has reached an agreement with GMAC Commercial Finance (GMAC CF) to acquire its Polish factoring and promissory note discounting operation, GMAC CF Sp. z o.o. The acquisition is expected to be completed by 31 July 2008. SEB says that it has seen a strong demand for factoring and related products and services in Poland and it hopes that, following the acquisition, it can offer Polish corporate customers a range of solutions in financing, cash management, trade finance, foreign exchange, leasing, vendor solutions and factoring. The staff and management team of GMAC CF Sp. z o.o will be taken on by SEB. SEB Enskilda acts as sole financial advisor to SEB in connection with the transaction.
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.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.