Farber is pleased to have acted as the exclusive financial advisor to obtain $35M in asset-based financing from a non-bank lender for a Canadian manufacturer and distributor of toys and hand sanitizer.
Prior to the COVID-19 pandemic, the toy company (“the Company”) enjoyed 30 years of profitability—this was stalled by the first North American lockdowns. The Company quickly pivoted to producing hand sanitizer products and saw exponential North American growth in these products thanks to their pre-existing and strong customer relationships and distribution network.
The Company required increased cash availability to ensure the working capital required to support this growth. The Company’s leadership worked with Farber to source a non-bank asset-based lender who recognized the Company’s potential.
Senior Managing Director
Glenn Bowman is a Senior Managing Director and leader of the Corporate Finance practice of Farber. His practice focuses on advising clients on acquisitions and divestitures. Glenn can be reached at 416.496.3192 and firstname.lastname@example.org.
Barbara Cowper is a Managing Director with the Corporate Finance practice at Farber. She focuses on arranging innovative financing solutions for companies in a broad array of industries. Barbara can be reached at 416.496.3760 and email@example.com.