Netraco Group has refinanced its current financing facilities at ABN AMRO and at the same time acquired additional growth funding.
Lindenaar & Co acted as advisor for the Netraco Group, a group of fashion companies, to realise financing facilities for the company’s growth ambitions and seasonality needs. The group of fashion companies consists of the following brands / labels: Netraco, Goosecraft, Krakatau, Ibana, DNA-Amsterdam, SmashBox and NA-KD.
Following a competitive process, ABN AMRO, the company’s main bank, offered Netraco Group the best solution. ABN AMRO Commercial Finance facilitates the working capital needs by means of invoice factoring and asset based lending. ABN AMRO Bank provides the required facilities to finance the start of the season (e.g. start of production and goods during transportation). The new financing facilities have been specifically structured to suit the fashion company’s seasonality patterns and provides ample opportunities for growth.
Lindenaar & Co advised Netraco Group during the entire debt process, from the financial analysis and structuring, up to approaching the different financiers and negotiating terms and conditions.