Working capital solutions specialist Demica, which has been owned by the JM Huber Corporation for the past 12 years, is being acquired by a trio of investors. The
new owners are JRJ Group, TomsCapital, and 76 West Holdings.
London-based Demica offers expertise in trade receivables securitisation, supply chain finance and invoice discounting, and technology and service capabilities to address trade receivables and supply chain programmes. It also acts as a partner for funders and borrowers within the working capital finance arena.
The company said that it will now also benefit from the knowledge, experience and resources of the new consortium of investors, who have a successful track record of building and managing businesses in the financial services industry, and will continue to advance and expand the value it can provide to clients.
Joanna Nader, partner, and chief investment officer, of JRJ Group, commented: “As the pattern of global trade, and the operating environment for business, grows in complexity, access to intelligent working capital solutions and tools becomes ever more critical, for both funders and borrowers.”
“Together with TomsCapital and 76 West Holdings, JRJ Group looks forward to partnering with chief executive officer [CEO] Phillip Kerle and the Demica team. We are convinced that substantial growth opportunities exist within the working capital finance segment, with many needs still inadequately met or underserved.”
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