31 May 2018
In May 2018, family business J. van Walraven concluded a thorough bank selection process by selecting Deutsche Bank as new partner bank. The bank shall offer a multi-currency € 25.500.000,- asset based working capital, capex- and guaranty facility and facilitate all incoming and outgoing payment traffic for all of the European companies of the Walraven Group.
In order to optimise the groups liquidity management, a cross-border zero-balancing multi-currency cash concentration structure shall be implemented. IFS advised and guided Walraven Group from the design to the selection and documentation process .
Walraven Group
The Walraven Group was founded in 1942 and is a top player in the global installation market. Walraven’s head office is located in Mijdrecht, The Netherlands, and has production facilities and sales offices in various countries in Europe, North America, Latin Amerika, Africa, The Middle East, Asia and Australia.
The Walraven Group produces and distributes a wide-ranging assortment of materials to thousands of installers, enabling them to mount reliable installation products in a time saving manner. Each individual product is part of a complete set of solutions and is used in countless homes and utility projects as well as in offshore, ship building, industrial and infra structural projects. Walraven guarantees the highest quality for already 75 years.
In 2017, the group realised a worldwide revenue of more than € 135.000.000,-.
More information?
For more information, please contact Integrated Finance Solutions at +31 30 7602110.
