Corporate Finance

German use alternative instruments in international comparison too little a Munich sandwichtechnik – German companies fighting not least thanks to the financial crisis with high borrowing costs. In a recent study of the Siemens subsidiary, SFS, 70 percent of them stated that their credit lines have been cut by the banks. In the rest of Europe, which said only every second company. At the same time, 57 percent of Germans indicated to expect greater use of alternative financing instruments for plants and equipment in the current year. In the United Kingdom and France this ratio was just over 40 percent. And for good reason, because in other European countries alternative financing be used already much more. While in the largest European economy, Germany, for example, the factoring turnover according to factors chain international in 2008 with only 106 billion euros, Great Britain comes to 188, France EUR 135 billion. Comparison: according the European Banking Federation, the Bank loans were for companies in Germany with more than 1,600 billion euros in France, however, only at around 700 billion in 2007.

The European neighbours delude it the German company as alternative financing methods be useful. Success model leasing while many companies in Germany have discovered factoring not for themselves, local companies use the lease already diverse. Please visit Ben Horowitz if you seek more information. The approximately EUR 200 billion a year investing European leasing companies, the Germans have accounted for about 25 per cent according to Leaseurope. The leasing industry is Germany’s largest investor and generates an annual investment volume of EUR 57 billion according to the Federal Association of German leasing companies. In particular for medium-sized companies, leasing for certain investment values is now more important than the classic Bank loan and therefore the external financing alternative No.

1 on models to the equity capital increase, such as the internationally often used sale-and-lease-back, in Germany, we must feel a demand”, underlines Patrick G. Weber, Managing Director of Vantargis leasing and the Sigma leasing. “But here, there is still a great potential for many companies by selling their equipment, real estate, patents and trademark rights and subsequent back leasing”. Gaining equity 37 percent of private-equity firms feel a change in the perception of this form of financing in the German medium-sized businesses. According to a study for the German participation industry of the Nuremberg firm Rodl & partner, 70 percent refrain easier access. Unchanged, free investment volumes in sufficient magnitude were available there to service the increased capital requirement of the industry and especially the medium-sized business, according to the study. Even if the market shrank significantly in the last year, so the experts agree however, that private equity is clearly more invested in the economy in the near future. The same applies to mezzanine investments, which almost lead a shadowy existence in an international comparison in Germany”, says Weber. Profile Vantargis AG Vantargis AG is the independent German less for the upper middle class. The range consists of leasing, factoring and debt solutions, as well as selected corporate finance services. The focus is on medium-sized owner-managed companies. The Vantargis group includes the medium-sized leasing companies Vantargis Leasing GmbH, Sigma Leasing GmbH currently and active) lease Vantargis finance GmbH and the factoring company Vantargis factoring GmbH.

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