05 July 2011
LONDON, 5 JULY, 2011 – Macquarie Equipment Finance (MEF), a global provider of equipment finance and asset management solutions, today announced it has acquired SCC Swiss Commercial Capital Ltd (SCC). Founded in 2007 and based in Zürich, Switzerland, SCC is a leader in arranging and servicing cross-border distribution financing solutions and has a global reach with representatives in the UK and US. The terms of the transaction were not disclosed.
The acquisition enhances MEF’s capabilities through the addition of SCC’s distribution finance programs, which are offered to major corporations and their distribution partners around the globe. SCC’s innovative distribution and supply chain financing solutions enable large, multinational equipment manufacturers and distributors to rapidly expand into growth markets and increase sales volume while controlling and minimising financial risk. “Swiss Commercial Capital’s expertise in structuring
“Swiss Commercial Capital’s expertise in structuring and managing complex crossborder, distribution finance facilities with MEF’s operational scale and breadth of asset management solutions creates a compelling combination for our collective customers”, said Andrew Gee, Global Head of Macquarie Equipment Finance. “As a result of this announcement, customers will benefit from the SCC team’s unparalleled experience in the dynamic distribution and supply chain finance arena.”
“This marks the beginning of an exciting new development in the market,” said David Roberts, CEO of SCC. “We’re delighted to be joining Macquarie and the entire SCC team will make the transition. This will ensure continuity for existing clients as well as a rapid build-out of resources to capture the growing demand for international distribution and supply chain finance solutions.”
About Macquarie Equipment Finance
Macquarie Equipment Finance, a member of Macquarie Group, is a leading global provider of customized financing and asset management solutions for enterprises, technology manufacturers and suppliers worldwide with capabilities on four continents to serve the needs of major multinational organizations through small and midsize businesses.
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 15,500 people. Assets under management total ₤200 billion. For more information, visit www.macquarie.com/mef.
About Swiss Commercial Capital
Swiss Commercial Capital provides credit risk mitigation and trade financing solutions for global manufacturers and their distribution partners around the world. Headquartered in Zürich, Switzerland, Swiss Commercial Capital has representation in the UK and US. For more information, visit www.swisscocap.com.