Matheson has advised Ferovinum, on the world’s first asset-backed securitisation of wine and spirits receivables. Ferovinum provides a funding and supply chain platform for the wine and spirits industry.
The Matheson team was led by Finance and Capital Markets Partner Vincent McConnon, Senior Associate Graham Bloomfield, Associate Shane Kelly, Solicitors Alison Carroll and Maura Sullivan and supported across Matheson by Kevin Smith, Dara Higgins, Finn Kelly, Eimear O’Donoghue, Laura Walsh, Freda McGeogh, Carlo Salizzo, Ian O’Mara, Kevin Burns, Kevin Gahan, John Gill, Maeve Lochrie, Alice Duffy, Robert Maloney-Derham, Colum Holland, Conor Doyle, Anna O’Duffy and Aisling Smith.
Ferovinum has established a $550m asset-backed securitisation programme with participation from private credit investors and commercial banks.
Ferovinum is a platform that uses technology to provide wine and spirit producers, brands, distributors and merchants with financing and supply chain services previously reserved for large commodity producers and traders.
The new financing enables Ferovinum to expand its existing UK operation to businesses in the United States and European Union, as well as Australia later this year.
