Alantra advised Clarity Capital Services NV on establishing the infrastructure and structuring of a secured senior funding commitment collateralized by diamond trade receivables

Dec 2023

Secured Funding & ABS

Madrid – Alantra has advised Clarity Capital Services NV (“Clarity Services”), the Belgian administrator of a Luxemburg non-bank financial institution (NBFI, Clarity Capital), on establishing the infrastructure and structuring of a secured senior funding commitment of up to $75 million, collateralized by diamond trade receivables. The capital structure includes a subordinated DPP and is subject to receivables invoices in the diamond industry.

Clarity Capital is a newly established non-bank financial institution (NBFI) providing alternative sources of working capital financing. Tailored for mid-market diamond dealers based in Antwerp, Belgium, the company targets under-banked customers operating in the middle of the supply chain. Its end clients include some of the most prestigious jewelry retailers globally.

Francesco Dissera, Managing Director at Alantra, said: “We are delighted to have supported Clarity Capital in this strategic transaction. We were extremely pleased to be selected by this NBFI for setting up their debut secured funding program and are pleased with the overall result. This transaction reaffirms Alantra’s strong capability in the EMEA SFABS, where we excel in advising debut clients on innovative transactions.”

Maria Alexopoulou, Senior Vice President at Alantra, states: “We designed for Clarity a very flexible ABS funding structure for the very first multi-originators trade receivable NBFI in Antwerp”.

Alantra served as the sole financial advisor, performing transaction structuring, assembling the financing, providing commercial input to the final documentation, and coordinating multiple stakeholders throughout the process. The senior funding commitment was provided by a leading global investor active in trade receivables ABS.