Falcon Group has partnered with Aptec, an Ingram Micro (NYSE:IM) company, allowing the company to offer extended payment terms to its resellers, above and beyond its current payment period – creating differential advantage in the GCC region.
Addressing the demands across the marketplace, this unique arrangement is aimed at improving liquidity within the distribution channel, matching their resellers’ cash conversion cycle, increasing confidence and further strengthening Aptec’s strong client relationships.
This solution, where Falcon provides dedicated facilities for resellers for their Aptec orders, enables partners the opportunity to add value through winning new orders, project origination, and improved financial drivers. “Partnering with Falcon, enables us as of today to offer attractive Finance to Channel Partners in the GCC region. We can now support our channel partners with extended payment terms which in turn will enable them to win new and significant business,” says Dr. Ali Baghdadi, Senior Vice President and Chief Executive of Ingram Micro META region.
A global financier with a turnover in excess of US$3 billion, Falcon Group provides bespoke financing to companies across the Middle East, Asia-Pacific, Europe and the Americas. It has a dedicated team working closely with Aptec to activate reseller facilities and support transactions. “The solution we are providing to Aptec will act as a significant differentiator across the markets in which it operates,” says Will Nagle, CEO of Falcon Group.
“Aptec will now be able to offer its clients a solution that will increase their purchasing capability, and support their cash flow. We are looking forward to developing this further geographically with Aptec, and Ingram Micro”.
About Falcon Group
Founded in 1994, Falcon Group acts as a specialist source of innovative structured solutions for corporates globally. It develops bespoke financing, supply chain and working capital solutions for its diverse customer-base. Falcon Group has developed a proven and respected track-record – providing in excess of US$10 billion in funding for its clients in the past five years.
It is recognized as a key alternative source of corporate finance – acting as a partner to its clients with respect to their global, regional and local requirements. Falcon Group operates throughout the Middle East, Asia-Pacific, Europe and the Americas.
Falcon goes beyond off-the-shelf solutions – providing advice to facilitate and fund tailored and creative structured solutions. It uses a wide range of innovative structures for solving liquidity issues including credit risk, working capital and balance sheet concerns. Its expertise is in structuring bespoke solutions for its clients, which means it has no prerequisite structuring boundaries. Its solutions range from plain vanilla, to highly structured and complex transactions that utilise the Group’s many years of collective experience.
About Ingram Micro Inc.
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at www.ingrammicro.com