Deneys advises Fedgroup Smart Agri Fund on a bespoke receivables securitisation
Deneys has advised Fedgroup Smart Agri Fund on a facility extended to Forward Finance Institutional. The transaction will support the acquisition of receivables and working capital needs in South Africa’s agriculture sector.
The deal involved a bespoke receivables quasi-securitisation and funding structure designed to accommodate future lenders and marks a significant milestone in the evolution of structured trade finance in South Africa’s agriculture sector.
“This transaction demonstrates our ability to deliver sophisticated and bespoke legal solutions in complex financing structures,” said Izak Lessing, lead partner on the deal.
Izak was supported by Adrienne Hendricks, associate.
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