Ferovinum announces £100 million inventory-financing deal with NatWest and BCI
The arrangement funds wine and spirits inventories, with NatWest providing an £80 million phased transaction.
Portfolio funding for the drinks trade
Ferovinum announced a £100 million financing arrangement on July 19, 2023, with NatWest and UK credit manager BCI Capital. NatWest leads the portfolio-funding arrangements through an £80 million phased transaction.
The remainder comes from Ferovinum’s equity investors and BCI Capital, its portfolio-funding partner since 2021. The arrangement finances inventories on the platform; the £100 million describes the financing structure rather than a corporate equity round.
Releasing capital tied up in stock
Ferovinum combines funding with supply-chain technology for wine and spirits businesses. The model gives businesses more flexibility to finance stock while providing funders with visibility into the underlying assets.
The company later adopted the Fero brand.
Use of funds
Provide portfolio funding for UK wine and spirits inventories